Federal funds purchased and securities sold under agreements to repurchase (Tables)

12 Months Ended

Dec. 31, 2019

Federal funds purchased and securities sold under agreements to repurchase

Schedule of federal funds purchased and securities sold under agreements to repurchase

Information relating to federal funds purchased and repurchase agreements is as follows:

	Year End		Average		Average		Maximum
	Weighted		Weighted		Balance		Outstanding at		Balance at
(in thousands)	Rate		Rate		Outstanding		any Month End		December 31,
2019
Federal funds purchased	2.00	%	2.65	%	$	329	$	1,950	$	—
Short-term repurchase agreements - Bank	0.45		0.45			22,198		27,272		27,272
Total					$	22,527	$	29,222	$	27,272
2018
Federal funds purchased	2.64	%	2.29	%	$	1,242	$	12,863	$	8,000
Short-term repurchase agreements - Bank	0.35		0.67			27,142		36,103		16,647
Short-term repurchase agreements - Company	—		3.51			11,180		25,944		—
Total					$	39,564	$	74,910	$	24,647

Schedule of repurchase agreements by remaining maturity of the agreements

Repurchase Agreements	Remaining Contractual Maturity of the Agreements
	Overnight		Less		Greater
	and		than		than
(in thousands)	continuous		90 days		90 days		Total
At December 31, 2019
U.S. Treasury	$	754	$	—	$	—	$	754
U.S. government-sponsored enterprises		12,853		—		—		12,853
Asset-backed securities		13,665		—		—		13,665
Total	$	27,272	$	—	$	—	$	27,272
At December 31, 2018
U.S. Treasury	$	1,464	$	—	$	—	$	1,464
U.S. government-sponsored enterprises		12,976		—		—		12,976
Asset-backed securities		2,207		—		—		2,207
Total	$	16,647	$	—	$	—	$	16,647