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BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2022
BORROWINGS  
Schedule of short-term borrowings and weighted-average interest rates

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(Dollars in thousands)

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September 30, 2022

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​

December 31, 2021

 

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​

​

​

​

​

Average

​

​

​

​

​

Average

 

​

​

    

Amount

    

Rate

    

​

Amount

    

Rate

 

    

Federal funds purchased

 

$

—

​

—

%  

​

$

—

 

0.36

%

 

Securities sold under agreements to repurchase

​

 

28,519

​

0.56

%  

​

 

27,377

 

0.35

%

​

Federal Discount Window

​

 

—

​

2.21

%  

​

 

—

 

0.36

%

​

Federal Home Loan Bank of Pittsburgh

​

 

66,229

​

1.94

%  

​

 

—

 

0.34

%

​

Total

​

$

94,748

​

1.44

%  

​

$

27,377

 

0.35

%

​

Schedule of short-term borrowings subject to an enforceable master netting arrangement or repurchase agreements

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(Dollars in thousands)

    

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​

    

Gross

    

Net Amounts

    

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​

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​

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Amounts

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of Liabilities

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​

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​

​

​

​

​

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Offset

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Presented

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​

​

​

​

​

​

​

​

​

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Gross

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in the

​

in the

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​

​

​

​

​

​

​

​

​

​

Amounts of

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Consolidated

​

Consolidated

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​

​

​

Cash

​

​

​

​

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Recognized

​

Balance

​

Balance

​

Financial

​

Collateral

​

Net

​

​

Liabilities

​

Sheet

​

Sheet

​

Instruments

​

Pledge

​

Amount

September 30, 2022

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

Repurchase agreements (a)

​

$

28,519

​

$

—

​

$

28,519

​

$

(28,519)

​

$

—

​

$

—

​

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

December 31, 2021

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Repurchase agreements (a)

​

$

27,377

​

$

—

​

$

27,377

​

$

(27,377)

​

$

—

​

$

—

(a)As of September 30, 2022 and December 31, 2021, the fair value of securities pledged in connection with repurchase agreements was $36,062,000 and $37,735,000 , respectively.
Schedule of the remaining contractual maturity of the master netting arrangement or repurchase agreements

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(Dollars in thousands)

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Remaining Contractual Maturity of the Agreements

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​

Overnight

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​

​

​

Greater

​

Greater

​

​

​

​

​

and

​

Up to

​

30 -90

​

than

​

​

​

​

​

Continuous

​

30 days

​

Days

​

90 Days

​

Total

September 30, 2022:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

Repurchase agreements and repurchase-to-maturity transactions:

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

U.S. Treasury and/or agency securities

​

$

28,519

​

$

—

​

$

—

​

$

—

​

$

28,519

Total

​

$

28,519

​

$

—

​

$

—

​

$

—

​

$

28,519