SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Repurchase Agreements [Abstract]

Summary of Securities Sold under Agreements to Repurchase

The contractual maturity of securities sold under agreements to repurchase by collateral pledged as of December 31, 2017 is as follows (in thousands):

	December 31, 2017
	Overnight and Continuous		Up to 1 Year			1 - 3 Years		3+ Years		Total
Mortgage-backed securities, residential	$	—	$	11,798		$	—	$	—	$	11,798
Excess collateral held	—		(1,798		)	—		—		(1,798		)
Gross amount of recognized liabilities for repurchase agreements	$	—	$	10,000		$	—	$	—	$	10,000

A summary of securities sold under agreements to repurchase as of and for the years ended December 31, 2018, 2017 and 2016 is as follows (in thousands):

	2018			2017			2016
Balance at December 31	$	—		$	10,000		$	27,606
Maximum month-end balance	$	10,000		$	25,718		$	30,497
Average balance during year	$	3,644		$	14,207		$	29,120
Weighted-average interest rate at December 31	—		%	3.72		%	3.02		%
Average interest rate paid during year	3.77		%	3.37		%	2.92		%