SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [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, 2020, 2019 and 2018:

	For the Years Ended December 31,
(dollars in thousands)	2020			2019			2018
Average daily balance during the year	$	12,115		$	14,043		$	15,692
Average interest rate during the year	0.68		%	0.61		%	0.15		%
Maximum month-end balance during the year	$	15,998		$	23,626		$	23,270
Weighted average interest rate at year-end	0.35		%	0.81		%	0.14		%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2020 and 2019:

	December 31,
(dollars in thousands)	2020		2019
Securities sold under agreements to repurchase	$	11,641	$	20,635