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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)
 3 Months Ended
Mar. 31, 2020
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE  
Schedule of securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

    

March 31, 2020

  

  

December 31, 2019

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding balance at end of period

 

$

126,080

 

 

$

167,617

 

 

 

Weighted average interest rate at end of period

 

 

0.04

%  

 

 

0.32

%  

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of securities pledged:

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities and U.S. Government agencies

 

$

12,543

 

 

$

70,015

 

 

 

Mortgage backed securities - residential

 

 

113,339

 

 

 

134,265

 

 

 

Collateralized mortgage obligations

 

 

20,495

 

 

 

17,030

 

 

 

Total securities pledged

 

$

146,377

 

 

$

221,310

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

March 31, 

 

 

 

(dollars in thousands)

  

  

2020

  

  

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average outstanding balance during the period

 

 

$

208,969

 

 

$

231,602

 

 

 

Average interest rate during the period

 

 

 
0.23

%  

 

 

0.73

%  

 

 

Maximum outstanding at any month end during the period

 

 

$

143,801

 

 

$

219,700