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Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2020

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


(Dollars in thousands)	As of and for the three months ended September 30, 2020			As of and for the year ended December 31, 2019
Balance at end of period	$	—		$	192,063
Average balance during the period	—			187,226
Maximum month-end balance	—			240,811
Weighted-average rate during the period	—		%	2.24		%
Weighted-average rate at end of period	0.39		%	1.81		%

Information related to repurchase agreements is summarized as follows:


(Dollars in thousands)	As of and for the three months ended September 30, 2020			As of and for the year ended December 31, 2019
Balance at end of period	$	10,045		$	10,172
Average balance during the period	10,145			11,252
Maximum month-end balance	10,505			14,655
Weighted-average rate during the period	0.17		%	0.43		%
Weighted-average rate at end of period	0.06		%	0.44		%

Long-term notes from the FHLB were as follows:


(Dollars in thousands)	September 30, 2020		December 31, 2019
Fixed interest rate note, originated in April 2007, due in April 2022, with interest of 5.18% payable monthly	$	—	$	822
Fixed interest rate notes, originating in November 2019, due between November 2023 and November 2024, with interest of between 1.78% and 1.81% and interest-only payments monthly	20,000		30,000
Fixed interest rate note, originated in December 2017, due in December 2020, with interest of 2.18% and interest-only payments monthly	5,800		—
	$	25,800	$	30,822

Information related to subordinated debt is summarized as follows:


(Dollars in thousands)	As of and for the three months ended September 30, 2020			As of and for the year ended December 31, 2019
Balance at end of period	$	4,124		$	4,124
Average balance during the period	4,124			12,125
Maximum month-end balance	4,124			17,524
Weighted-average rate during the period	1.94		%	6.35		%
Weighted-average rate at end of period	1.87		%	3.51		%

A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands):