Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS (Tables)

v3.20.4
SHORT-TERM BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2020
Short Term Borrowings [Abstract]  
Schedule of Short-term borrowings
(Dollars in Thousands)
Federal Funds
Purchased
Securities
 
Sold Under
Repurchase
Agreements
(1)
Other
 
Short-Term
Borrowings
(2)
2020
Balance at December 31
$
-
$
4,851
$
74,803
Maximum indebtedness at any month end
-
5,922
94,071
Daily average indebtedness outstanding
2
5,384
63,733
Average rate
 
paid for the year
2.56
%
0.10
%
4.36
%
Average rate
 
paid on period-end borrowings
-
%
0.04
%
3.00
%
2019
Balance at December 31
$
-
$
6,065
$
339
Maximum indebtedness at any month end
-
9,141
3,746
Daily average indebtedness outstanding
47
6,180
3,047
Average rate
 
paid for the year
2.85
%
0.91
%
1.73
%
Average rate
 
paid on period-end borrowings
-
%
0.46
%
4.11
%
2018
Balance at December 31
$
-
$
10,092
$
3,449
Maximum indebtedness at any month end
-
10,092
10,044
Daily average indebtedness outstanding
20
7,951
3,021
Average rate
 
paid for the year
2.41
%
0.49
%
2.31
%
Average rate
 
paid on period-end borrowings
-
%
0.88
%
1.61
%
(1)
Balances are fully collateralized by government treasury or agency securities held in the Company's investment portfolio.
(2)
Comprised of FHLB advances totaling $
0.1
 
million and warehouse lines of credit totaling $
74.8
 
million at December 31, 2020.