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SHORT-TERM BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Short Term Borrowings
The following table presents the distribution of short-term borrowings and related weighted average interest rates as of September 30, 2020 and December 31, 2019:
Repurchase agreements
(dollars in thousands)September 30,
2020
December 31,
2019
Outstanding at period-end$58,625 $82,029 
Average amount outstanding59,592 121,168 
Maximum amount outstanding at any month end77,136 138,907 
Weighted average interest rate:
During period0.35 %0.69 %
End of period0.14 %0.67 %