BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

BORROWINGS

Schedule of Short-Term Debt

For the years ending December 31, advances from the FHLB were as follows:

(dollars in thousands)	2020		2019
Federal Home Loan Bank of Indianapolis Advance, 1.61%, Due January 7, 2020	$	—	$	170,000
Federal Home Loan Bank of Indianapolis Putable Advance, 0.39%, Due March 4, 2030		75,000		—
Total	$	75,000	$	170,000

Securities Sold with Agreements to Repurchase

(dollars in thousands)	2020			2019			2018
Securities sold under agreements to repurchase
Outstanding at year end	$	—		$	—		$	75,555
Approximate average interest rate at year end		—	%		—	%		0.74	%
Highest amount outstanding as of any month end during the year	$	—		$	72,814		$	106,239
Approximate average outstanding during the year		—			15,104			86,874
Approximate average interest rate during the year		—	%		0.86	%		0.58	%