SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, 2018 and 2017:

	For the Years Ended December 31,
(dollars in thousands)	2019			2018			2017
Average daily balance during the year	$	14,043		$	15,692		$	28,694
Average interest rate during the year	0.61		%	0.15		%	0.20		%
Maximum month-end balance during the year	$	23,626		$	23,270		$	49,836
Weighted average interest rate at year-end	0.81		%	0.14		%	0.18		%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2019 and 2018:

(dollars in thousands)	December 31, 2019		December 31, 2018
Securities sold under agreements to repurchase	$	20,635	$	20,384