BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of short-term borrowings and weighted-average interest rates

Short-term borrowings and weighted–average interest rates at June 30, 2019 and December 31, 2018 are as follows:


	June 30, 2019				December 31, 2018
			Average				Average
(Dollars in thousands)	Amount		Rate		Amount		Rate
Federal funds purchased	$	—	—		$	—	2.19	%
Securities sold under agreements to repurchase		13,982	0.97	%		12,957	0.56	%
Federal Discount Window		—	—			—	2.19	%
Federal Home Loan Bank		106,169	2.70	%		161,488	2.28	%
Total	$	120,151	2.53	%	$	174,445	2.04	%

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

The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreements as of June 30, 2019 and December 31, 2018.


			Gross		Net Amounts
			Amounts		of Liabilities
			Offset		Presented
	Gross		in the		in the
	Amounts of		Consolidated		Consolidated				Cash
	Recognized		Balance		Balance		Financial		Collateral		Net
(Dollars in thousands)	Liabilities		Sheet		Sheet		Instruments		Pledge		Amount
June 30, 2019
Repurchase agreements (a)	$	13,982	$	—	$	13,982	$	(13,982)	$	—	$	—

December 31, 2018
Repurchase agreements (a)	$	12,957	$	—	$	12,957	$	(12,957)	$	—	$	—

(a)

As of June 30, 2019 and December 31, 2018, the fair value of securities pledged in connection with repurchase agreements was $20,251,000 and $16,970,000, respectively.

Schedule of the remaining contractual maturity of the master netting arrangement or repurchase agreements

The following table presents the remaining contractual maturity of the master netting arrangement or repurchase agreements as of June 30, 2019:


	Remaining Contractual Maturity of the Agreements
	Overnight						Greater
	and		Up to		30 -90		than
(Dollars in thousands)	Continuous		30 days		Days		90 Days		Total
June 30, 2019:
Repurchase agreements and repurchase-to-maturity transactions:
U.S. Treasury and/or agency securities	$	13,982	$	—	$	—	$	—	$	13,982
Total	$	13,982	$	—	$	—	$	—	$	13,982