The following is a summary of short-term borrowings at December 31, 2020 and 2019 with original maturities of less than one year:



(Dollars in thousands)	2020		2019
Securities sold under agreements to repurchase:
Outstanding at end of year	$	49,160	$	48,728
Weighted average interest rate at year end		0.19%		0.23%
Maximum amount outstanding as of any month end	$	55,290	$	50,345
Average amount outstanding	$	46,519	$	39,778
Approximate weighted average rate during the year		0.20%		0.28%

At December 31, 2020, the repurchase agreements were secured by $68.3 million in investment securities.

The following is a summary of long-term borrowings at December 31, 2020 and 2019 with original maturities exceeding one year:



(In thousands)	2020		2019
FHLB advances, bearing fixed interest rates ranging from 1.37% to 2.90% at December 31, 2020	$	70,000	$	70,000
Junior subordinated debt, bearing variable interest rate of 2.98% at December 31, 2020		30,929		30,929
Total long-term debt	$	100,929	$	100,929

At December 31, 2020, the long-term FHLB advances were secured by $206.0 million in loans.

The contractual maturities of long-term borrowings at December 31, 2020 and 2019 are as follows:



	2020						2019
	Fixed		Floating
(in thousands)	Rate		Rate		Total		Total
Due in 2021	$	5,000	$	—	$	5,000	$	20,000
Due in 2022		—		—		—		—
Due in 2023		15,000		—		15,000		30,000
Due in 2024		—		—		—		20,000
Due in 2025		30,000		—		30,000		—
Thereafter		20,000		30,929		50,929		30,929
Total long-term debt	$	70,000	$	30,929	$	100,929	$	100,929

The Bank has a borrowing capacity agreement with the FHLB in an amount equal to 30% of the Bank’s assets. At December 31, 2020, the available line of credit equaled $515.2 million. This line of credit, which can be used for both short and long-term funding, can only be utilized to the extent of available collateral. The line is secured by certain qualified mortgage, commercial and home equity loans as follows (in thousands):



1-4 family mortgage loans	$	130,638
Commercial loans		48,392
Multi-family loans		4,998
Home equity loans		21,954
	$	205,982

The Bank also has various unsecured lines of credit totaling $130.0 million with various financial institutions and a $ 1.1 million secured line with the Federal Reserve to meet daily liquidity requirements. At December 31, 2020, there were no borrowings under these credit facilities. In addition, there was approximately $142.3 million of available funding through brokered money market funds at December 31, 2020. The Bank also was eligible to utilize the Federal Reserve PPPLF in relation to outstanding PPP loans at December 31, 2020.

Repurchase Agreements - The Bank has retail repurchase agreements with customers within its local market areas. Repurchase agreements generally have maturities of one to four days from the transaction date. These borrowings are collateralized with securities that we own and are held in safekeeping at independent correspondent banks.

FHLB Advances - The FHLB advances consist of various borrowings with maturities generally ranging from 5 to 10 years with initial fixed rate periods of one, two or three years. After the initial fixed rate period, the FHLB has one or more options to convert each advance to a LIBOR based, variable rate advance, but the Bank may repay the advance in whole or in part, without a penalty, if the FHLB exercises its option. At all other times, the Bank’s early repayment of any advance could be subject to a prepayment penalty.