Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS (Tables)

v3.19.3.a.u2
SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2019
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)
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 %
2017
Balance at December 31 $ - $ 7,272 $ 208
Maximum indebtedness at any month end - 7,272 6,218
Daily average indebtedness outstanding 7 7,266 2,654
Average rate paid for the year 1.60 % 0.10 % 2.79 %
Average rate paid on period-end borrowings - % 0.15 % 6.13 %
(1) Balances are fully collateralized by government treasury or agency securities held in the Company's investment portfolio.
(2) Comprised of FHLB advances.