SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

6 Months Ended

Jun. 30, 2020

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Schedule of securities sold under agreements to repurchase

(dollars in thousands)	June 30, 2020			December 31, 2019
Outstanding balance at end of period	$	177,397		$	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	$	7,515		$	70,015
Mortgage backed securities - residential		167,945			134,265
Collateralized mortgage obligations		12,915			17,030
Total securities pledged	$	188,375		$	221,310

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(dollars in thousands)	2020			2019			2020			2019
Average outstanding balance during the period	$	176,541		$	220,189		$	192,755		$	225,864
Average interest rate during the period		0.04	%		0.60	%		0.14	%		0.67	%
Maximum outstanding at any month end during the period	$	177,397		$	226,002		$	177,397		$	226,002