Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Rates and maturities on long-term advances and short-term borrowings were as follows:

Average rates of long-term debt and short-term borrowings were as follows:


	At or for the Year Ended December 31,
(dollars in thousands)	2018	2017	2016

Long-term debt
Long-term debt outstanding at end of period	$ 20,436	$ 55,498	$ 65,559
Weighted average rate on outstanding long-term debt	2.84%	2.38%	2.27%
Maximum outstanding long-term debt of any month end	55,493	65,554	65,593
Average outstanding long-term debt	35,684	58,704	60,503
Approximate average rate paid on long-term debt	2.39%	2.24%	2.41%

Short-term borrowings
Short-term borrowings outstanding at end of period	$ 35,000	$ 87,500	$ 79,000
Weighted average rate on short-term borrowings	2.51%	1.34%	0.71%
Maximum outstanding short-term borrowings at any month end	74,000	109,000	79,000
Average outstanding short-term borrowings	42,286	91,797	39,802
Approximate average rate paid on short-term borrowings	1.81%	1.15%	0.49%

The contractual maturities of long-term debt were as follows at December 31, 2018 and 2017: