SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Repurchase Agreements [Abstract]

Securities Sold Under Agreements to Repurchase [Table text Block]

Securities sold under agreements to repurchase (repurchase agreements) as of the dates indicated consisted of the following:
		March, 31		December 31,
		2019		2018
(Dollars in thousands)
Short-term fixed-rate repurchase agreement, interest rate of 2.85%		$	-	$	50,086
Long-term fixed-rate repurchase agreement, interest rate of 2.26% (1)(2)			100,000		100,000
		$	100,000	$	150,086
(1)	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC Topic 210-20-45-11.
(2)	Subsequent to March 31, 2019, the lender has not exercised its call option on this callable repurchase agreement.

Repurchase agreements mature as follows:
		March 31, 2019
		(In thousands)
	One to three years	$	100,000

Repurchase agreements as of March 31, 2019, grouped by counterparty, were as follows:
	(Dollars in thousands)			Weighted-Average
	Counterparty	Amount		Maturity (In Months)
	JP Morgan Chase	$	100,000	34