BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2019

BORROWINGS

Schedule of Short-Term Debt

For the years ending December 31, advances from the Federal Home Loan Bank were as follows:

(dollars in thousands)	2019		2018
Federal Home Loan Bank of Indianapolis Advance, 1.61%, Due January 7, 2020	$	170,000	$	0
Federal Home Loan Bank of Indianapolis Advance, 2.52%, Due January 7, 2019		0		170,000
Total	$	170,000	$	170,000

Schedule of securities Sold with Agreements to Repurchase

(dollars in thousands)	2019			2018			2017
Securities sold under agreements to repurchase
Outstanding at year end	$	0		$	75,555		$	70,652
Approximate average interest rate at year end		0.00	%		0.74	%		0.46	%
Highest amount outstanding as of any month end during the year	$	72,814		$	106,239		$	77,886
Approximate average outstanding during the year		15,104			86,874			63,379
Approximate average interest rate during the year		0.86	%		0.58	%		0.39	%