Short-Term Borrowings

3 Months Ended

Mar. 31, 2020

Short-Term Borrowings

Short-Term Borrowings

NOTE 9 Short‑Term Borrowings

There were no short‑term borrowings outstanding as of March 31, 2020 and December 31, 2019.

The following table presents information related to short-term borrowings for the three months ending March 31, 2020 and 2019:

	Three months ended
	March 31,
(dollars in thousands)	2020			2019
Fed funds purchased
Balance as of end of period	$	—		$	12,050
Average daily balance		—			83,331
Maximum month-end balance		—			92,371
Weighted-average rate
During period		—	%		2.59	%
End of period		—	%		2.62	%