8. BORROWINGS

Borrowings consisted of the following as of March 31, 2020 and December 31, 2019.


(Dollars in thousands)	March 31,		December 31,
	2020		2019
Securities sold under agreements to repurchase	$	2,783	$	3,429
Overnight advances with FHLB		—		9,700
Long-term debt with FHLB		45,000		45,000
	$	47,783	$	58,129

Long-term debt is comprised only of FHLB advances with an original maturity of one year or more. The following table summarizes the scheduled maturities of long-term debt as of March 31, 2020.


(Dollars in thousands)	Scheduled		Weighted Average
Year	Maturities		Interest Rate
2022	$	5,000	2.74	%
2023		5,000	2.75
2024		20,000	2.42
2025		15,000	2.41
	$	45,000	2.49	%