Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Short-term borrowings at December 31 consist of the following:



	2019		2018
	(In Thousands)
Securities sold under agreements to repurchase	$	30,505	$	37,457
Federal Home Loan Bank short-term borrowings		31,751		15,589
	$	62,256	$	53,046

The outstanding balances and related information of short-term borrowings are summarized as follows:



	Years Ended December 31,
	2019			2018
	(Dollars In Thousands)
Average balance during the year	$	48,945		$	41,963
Average interest rate during the year		0.96	%		0.77	%
Maximum month-end balance during the year	$	62,256		$	53,046
Weighted average interest rate at the end of the year		1.30	%		1.27	%


	As of December 31, 2019
	Remaining Contractual Maturity of the Agreements
	Overnight and continuous	Up to 30 days	30-90 days	Greater than 90 days	Total
Repurchase Agreements:
Mortgage-backed securities - government sponsored entities	$36,195	$ -	$ -	$ -	$36,195

Total liability recognized for repurchase agreements					$30,505


	As of December 31, 2018
	Remaining Contractual Maturity of the Agreements
	Overnight and continuous	Up to 30 days	30-90 days	Greater than 90 days	Total
Repurchase Agreements:
Mortgage-backed securities - government sponsored entities	$40,161	$ -	$ -	$ -	$40,161

Total liability recognized for repurchase agreements					$37,457



	2019		2018
	(In Thousands)



Amortizing fixed rate borrowing due January 2019 at 1.39%	$	-	$	423
Fixed rate term borrowing due August 2019 at 1.61%		-		10,000
Fixed rate term borrowing due May 2020 at 1.85%		5,000		-
Amortizing fixed rate borrowing due June 2020 at 1.49%		1,034		3,079
Amortizing fixed rate borrowing due July 2020 at 2.77%		2,974		7,962
Amortizing fixed rate borrowing due December 2020 at 1.71%		2,538		5,000
Amortizing fixed rate borrowing due December 2020 at 3.06%		1,034		2,051
Amortizing fixed rate borrowing due March 2022 at 1.75%		2,009		2,877
Amortizing fixed rate borrowing due August 2022 at 1.94%		5,351		-
Amortizing fixed rate borrowing due October 2022 at 1.88%		4,626		6,200
Amortizing fixed rate borrowing due October 2023 at 3.24%		7,809		9,692
Amortizing fixed rate borrowing due December 2023 at 3.22%		4,063		5,000
Fixed rate term borrowing due December 2023 at 1.95%		10,000		-
Amortizing fixed rate borrowing due December 2023 at 1.73%		10,000		-
	$	56,438	$	52,284