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Borrowings (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Details of Short-term Borrowings

Details of the Company’s short-term borrowings (original term of one year or less) as of December 31, 2020, and December 31, 2019 were as follows:

 

 

 

December 31,

 

(dollars in thousands)

 

2020

 

 

2019

 

Securities Sold Under Agreements to Repurchase (short-term) 1

 

 

 

 

 

 

 

 

Amounts Outstanding

 

$

100

 

 

$

2,200

 

Weighted-Average Interest Rate

 

 

1.20

%

 

 

1.87

%

1

Consists entirely of repurchase agreements with government entities.  Excludes long-term repurchase agreements with government entities of $0.5 million and $2.1 million as of December 31, 2020, and December 31, 2019, respectively, and long-term repurchase agreements with private institutions of $600.0 million as of December 31, 2020, and December 31, 2019.