Short-term Borrowings

12 Months Ended

Dec. 31, 2018

Short-term borrowings consist of customer repurchase agreements and overnight borrowings from the FHLB. The Company has federal funds lines of credit established with two correspondent banks in the amounts of $15,000,000 each, and, additionally, has access to the Federal Reserve Bank of Richmond's discount window. Customer repurchase agreements are collateralized by securities of the U.S. Government, its agencies or GSEs. They mature daily. The interest rates are generally fixed but may be changed at the discretion of the Company. The securities underlying these agreements remain under the Company's control. FHLB overnight borrowings contain floating interest rates that may change daily at the discretion of the FHLB. Short-term borrowings consisted solely of the following at December 31, 2018 and 2017 (dollars in thousands):



	December 31, 2018				December 31, 2017
	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Customer repurchase agreements	$	35,243	1.67	%	$	10,726	0.01	%
FHLB borrowings	—		—	%	24,000		1.59	%
Total short-term borrowings	$	35,243			$	34,726