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Borrowings (Tables)
12 Months Ended
Dec. 31, 2019
Borrowings [Abstract]  
Short Term Borrowings

Short term borrowings, and the related maximum amounts outstanding at the end of any month in both of the years ended December 31, 2019 and 2018, are presented below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

Maximum Outstanding at

 

 

Years Ended December 31, 

 

 

Any Month End

 

    

2019

    

2018

    

 

2019

    

2018

Repurchase agreements

 

$

3,429

 

$

2,911

 

 

$

3,891

 

$

4,620

Short-term borrowings with FHLB:

 

 

 

 

 

 

 

 

 

 

 

 

 

Overnight advances

 

 

9,700

 

 

11,600

 

 

 

9,700

 

 

29,238

 

 

$

13,129

 

$

14,511

 

 

$

13,591

 

$

33,858

 

The following table presents supplemental information related to short-term borrowings.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Securities sold under

 

 

Short-term borrowings with

 

 

 

agreements to repurchase

 

 

Federal Home Loan Bank

 

 

    

2019

    

2018

    

 

2019

    

2018

    

Amount outstanding as of December 31

 

$

3,429

 

$

2,911

 

 

$

9,700

 

$

11,600

 

Weighted average interest rate as of December 31

 

 

1.09

%  

 

2.13

%  

 

 

1.81

%  

 

2.62

%  

Average amount outstanding during the year

 

 

3,246

 

 

4,177

 

 

 

1,022

 

 

9,906

 

Weighted average interest rate during the year

 

 

1.15

%  

 

1.49

%  

 

 

2.32

%  

 

1.92

%  

 

Summary of the Scheduled Maturities of Long-Term Debt

The following table summarizes the scheduled maturities of long-term debt as of December 31, 2019.

 

 

 

 

 

 

 

(Dollars in thousands)

 

Scheduled

 

Weighted Average

 

Year

    

Maturities

    

Interest Rate

 

2020

 

$

 —

 

 —

%

2021

 

 

 —

 

 —

 

2022

 

 

5,000

 

2.74

 

2023

 

 

5,000

 

2.75

 

2024

 

 

20,000

 

2.42

 

Thereafter

 

 

15,000

 

2.41

 

 

 

$

45,000

 

2.49

%