SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019:

	For the Years Ended December 31,
(dollars in thousands)	2021			2020			2019
Average daily balance during the year	$	6,700		$	12,115		$	14,043
Average interest rate during the year	0.30		%	0.68		%	0.61		%
Maximum month-end balance during the year	$	9,320		$	15,998		$	23,626
Weighted average interest rate at year-end	0.32		%	0.35		%	0.81		%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2021 and 2020:

	December 31,
(dollars in thousands)	2021		2020
Securities sold under agreements to repurchase	$	5,845	$	11,641