Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Long-term Advances from the Federal Home Loan Bank

At year end, long-term advances from the FHLB were as follows:

	2020					2019
			Weighted					Weighted
			Average					Average
	Amount		Rate			Amount		Rate
Fixed-rate constant payment advance	$	1,980		1.70	%	$	2,841		1.70	%
Convertible and putable fixed-rate advance		65,000		1.38	%		40,000		1.79	%
Total advances	$	66,980		1.39	%	$	42,841		1.78	%

Summary of Securities Sold under Agreements to Repurchase

The securities are held in segregated safekeeping accounts at the Federal Reserve Bank, Farmers Trust and the FHLB. Information concerning securities sold under agreements to repurchase is summarized as follows

	2020			2019			2018
Average balance during the year	$	3,425		$	3,343		$	51,694
Average interest rate during the year		0.66	%		1.36	%		0.67	%
Maximum month-end balance during the year	$	5,150		$	5,505		$	87,163
Weighted average year-end interest rate		0.66	%		1.36	%		0.67	%
Balance at year-end	$	2,171		$	1,700		$	4,409

Schedule Disaggregation of the Obligation by the Class of Collateral Pledged for Short-Term Financing Obtained Through the Sales of Repurchase Agreements

The following table provides a disaggregation of the obligation by class of collateral pledged for short-term financing obtained through the sales of repurchase agreements:

	2020		2019
Overnight and continuous repurchase agreements
U.S. Treasury and U.S. government sponsored entities	$	42	$	55
State and political subdivisions		1,407		627
Mortgage-backed securities - residential		568		948
Collateralized mortgage obligations		154		70
Total borrowings	$	2,171	$	1,700

Pledged

Summary of Long-term Advances from the Federal Home Loan Bank

FHLB advances were secured by pledgings described in the following Long-Term Borrowings footnote.  Balances at year end 2019 were as follows:

	2019
			Weighted
			Average
	Amount		Rate
Repurchase advance	$	50,000		1.63	%
Fixed rate advances		25,000		0.72	%
Total advances	$	75,000		1.33	%