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SECURITIES SOLD UNDER REPURCHASE AGREEMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Banking and Thrift [Abstract]  
Summary of Securities Sold Under Repurchase Agreements
The following is a summary of securities sold under repurchase agreements for the years ended December 31, 2018, 2017 and 2016:
 
For the Years Ended December 31,
(dollars in thousands)
2018
 
2017
 
2016
Average daily balance during the year
$
15,692

 
$
28,694

 
$
44,324

Average interest rate during the year
0.15
%
 
0.20
%
 
0.22
%
Maximum month-end balance during the year
$
23,270

 
$
49,836

 
$
56,203

Weighted average interest rate at year-end
0.14
%
 
0.18
%
 
0.19
%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2018 and 2017:
(dollars in thousands)
December 31,
2018
 
December 31,
2017
Securities sold under agreements to repurchase
$
20,384

 
$
30,638