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Other Borrowings
 12 Months Ended
Dec. 31, 2019
Other Borrowings [Abstract]  
Other Borrowings

Note 12. Other Borrowings



The Bank's short-term borrowings are comprised of a line-of-credit with the Federal Home Loan Bank of Pittsburgh (Open Repo Plus). Open Repo Plus is a revolving term commitment used on an overnight basis.  The term of this commitment may not exceed 364 days and it reprices daily at market rates. These borrowings at December 31 are described below:



 

 

 

 

 

 



 

 



 

2019

 

2018



 

FHLB

 

FHLB

(Dollars in thousands)

 

Open Repo

 

Open Repo

Ending balance

 

$

—  

 

$

—  

Weighted average rate at year end

 

 

—  

 

 

—  

Range of interest rates paid at year end

 

 

—  

 

 

—  

Maximum month-end balance during the year

 

$

 4,500 

 

$

 —

Average balance during the year

 

$

 1,335 

 

$

 1,069 

Weighted average interest rate during the year

 

 

 2.60% 

 

 

 2.25% 



 

The Bank’s maximum borrowing capacity with the FHLB at December 31, 2019 was $378.9 million with $378.9 million available to borrow. This borrowing capacity is secured by a Blanket Pledge Agreement with FHLB on the Bank’s real estate loan portfolio.

The Bank has established credit at the Federal Reserve Discount Window and as of year-end had the ability to borrow approximately $16 million. The Bank also has a $6.0 million unsecured line of credit at a correspondent bank.