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SHORT-TERM BORROWINGS
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS SHORT-TERM BORROWINGS
The Company has short-term borrowing capability from the FHLB, federal funds purchased and the FRB discount window. The following table summarizes these short-term borrowings at and for the years ended December 31, 2019, 2018 and 2017.
 
201920182017
Balance at year-end$146,600  $55,000  $50,000  
Weighted average interest rate at year-end1.87 %2.76 %1.21 %
Average balance during the year$23,171  $71,457  $54,610  
Average interest rate during the year2.20 %2.09 %1.08 %
Maximum month-end balance during the year$146,600  $103,000  $72,000  
The Company also enters into borrowing arrangements with certain of its deposit clients by agreements to repurchase ("repurchase agreements") under which the Company pledges investment securities owned and under its control as collateral against the borrowing arrangement, which generally matures within one day from the transaction date. The Company is required to hold U.S. Treasury, U.S. Agency or U.S. GSE securities as underlying securities for repurchase agreements. The following table provides additional details for repurchase agreements at and for the years ended December 31, 2019, 2018 and 2017.
 
201920182017
Balance at year-end$8,269  $9,069  $43,576  
Weighted average interest rate at year-end1.31 %1.22 %0.56 %
Average balance during the year$8,830  $9,715  $43,205  
Average interest rate during the year1.28 %0.82 %0.45 %
Maximum month-end balance during the year$12,774  $14,591  $55,270  
Fair value of securities underlying the agreements at year-end13,062  17,942  53,485