SECURITIES SOLD UNDER REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Banking and Thrift [Abstract]

Summary of Securities Sold Under Repurchase Agreements

The following is a summary of securities sold under repurchase agreements for the years ended December 31, 2017, 2016 and 2015:

	For the Years Ended December 31,
(dollars in thousands)	2017			2016			2015
Average daily balance during the year	$	28,694		$	44,324		$	50,988
Average interest rate during the year	0.20		%	0.22		%	0.34		%
Maximum month-end balance during the year	$	49,836		$	56,203		$	68,300
Weighted average interest rate at year-end	0.18		%	0.19		%	0.30		%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2017 and 2016:

(dollars in thousands)	December 31, 2017		December 31, 2016
Securities sold under agreements to repurchase	$	30,638	$	53,505