Short Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Short-term Debt [Abstract]

Schedule of short-term debt

Short-Term Borrowings

Short-term borrowings were as follows:

December 31 (In thousands)	2019		2018
Securities sold under agreements to repurchase	$	175,657	$	164,966
FHLB advances	55,000		57,000
Total short-term borrowings	$	230,657	$	221,966

The outstanding balances for all short-term borrowings as of December 31, 2019 and 2018 and the weighted-average interest rates as of and paid during each of the years then ended were as follows: 

(In thousands)	Repurchase agreements			FHLB Advances
2019
Ending balance	$	175,657		$	55,000
Highest month-end balance	207,079			205,000
Average daily balance	168,449			47,371
Weighted-average interest rate:
As of year-end	0.73		%	1.73		%
Paid during the year	0.66		%	2.89		%
2018
Ending balance	$	164,966		$	57,000
Highest month-end balance	199,729			256,000
Average daily balance	172,774			44,553
Weighted-average interest rate:
As of year-end	0.49		%	2.45		%
Paid during the year	0.42		%	1.95		%