Short-Term Borrowings

12 Months Ended

Dec. 31, 2019

Short Term Borrowings [Abstract]

Short-Term Borrowings

(9) SHORT-TERM BORROWINGS

The following is a summary of short-term borrowings:

	December 31,
	2019			2018
	(Dollars in thousands)
Federal funds purchased	$	1,100		$	1,675
Weighted average interest rate		2.19	%		1.84	%
End of period interest rate		1.45	%		2.30	%

Federal funds purchased represent borrowings of overnight funds from other financial institutions.