Short-Term Borrowings

3 Months Ended

Mar. 31, 2025

8.	Short-Term Borrowings

In addition to the liquidity provided by balance sheet cash flows, liquidity must also be supplemented with additional sources such as credit lines from correspondent banks as well as borrowings from the Federal Home Loan Bank (“FHLB”) and the Federal Reserve Bank. Other funding alternatives may also be appropriate from time to time, including wholesale and retail repurchase agreements and brokered certificate of deposit accounts.

Information related to short-term borrowings is summarized as follows:

(In thousands)	March 31, 2025		December 31, 2024
Securities sold under repurchase agreements	$	85,597	$	146,942
Other short-term borrowings		-		16,000
Total short-term borrowings	$	85,597	$	162,942

See Note 5 for additional information regarding securities pledged as collateral for securities sold under the repurchase agreements.