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Short-Term Borrowings and Long-Term FHLB Advances (Tables)
6 Months Ended
Jun. 30, 2021
Long-term Federal Home Loan Bank Advances [Abstract]  
Schedule of Short-term Debt
A summary of short-term borrowings is as follows:
(dollars in thousands)June 30,
2021
December 31,
2020
Repurchase agreements(1) – commercial customers
$21,553 $38,836 
Short-term FHLB advances— 33,325 
Total short-term borrowings$21,553 $72,161 
(1) Overnight repurchase agreements with no expiration date
 
The following table sets forth information concerning short-term borrowings:
 Three Months Ended
June 30,
Six Months Ended
June 30,
(dollars in thousands)2021202020212020
Balance at period-end$21,553 $28,891 $21,553 $28,891 
Maximum amount outstanding at any month end22,559 174,431 60,027 174,431 
Average balance outstanding during the period19,935 136,816 25,944 138,700 
Weighted-average interest rate:
As of the period-end0.10 %0.10 %0.10 %0.10 %
Paid during the period0.10 %0.68 %0.12 %0.99 %
Schedule of Maturities of Long-term Debt The following table presents the remaining periods until maturity of long-term FHLB advances:
(dollars in thousands)June 30,
2021
December 31,
2020
Within one year$39,976 $39,906 
Over one year through five years— — 
Total$39,976 $39,906 
Schedule of Federal Home Loan Bank Advances and Other Borrowings Maturities
The following table presents rate and maturity information on FHLB advances and other borrowings: 
 
Maturity Range(1)
Weighted Average Rate(1)
Coupon Rate(1)
Balance at
DescriptionFromToFromToJune 30,
2021
December 31,
2020
Bullet maturity – fixed rate8/24/202111/12/20211.68 %1.40 %1.85 %$39,976 $39,906 
 
(1) Maturity range, weighted average rate and coupon rate range refers to June 30, 2021 balances.