Short-term borrowings include overnight repurchase agreements, federal funds purchased, and short-term advances through the FHLB. The outstanding balances and related information for short-term borrowings are summarized as follows:

(Dollars in thousands)		2019				2018
Balance at year-end	$		38,889		$		37,415
Average balance outstanding			37,258				41,334
Maximum month-end balance			38,889				44,155
Weighted-average rate at year-end			0.51	%			1.01	%
Weighted-average rate during the year			0.85				0.81

Average balances outstanding during the year represent daily average balances; average interest rates represent interest expenses divided by the related average balances.

The following table provides additional detail regarding repurchase agreements accounted for as secured borrowings:

		Remaining Contractual Maturity Overnight and Continuous
(Dollars in thousands)		December 31, 2019			December 31, 2018
Securities of U.S. Government agencies and mortgage-backed securities of government agencies pledged, fair value	$		39,058	$		37,574
Repurchase agreements			38,889			37,415

Maturity Range

Weighted

Average

Interest

Stated Interest

Rate Range

At December 31,

(Dollars in thousands)

From

Rate

From

2019

2018

Fixed-rate amortizing

4/1/24

6/1/37

1.88

1.16

2.01

6,330

8,525

Maturities of other borrowings at December 31, 2019, are summarized as follows for the years ended December 31:

(Dollars in thousands)		Amount		Weighted Average Rate
2020	$		1,665		1.84
2021			1,258		1.85
2022			946		1.86
2023			707		1.87
2024 and beyond			1,754		1.94
	$		6,330		1.88	%

Monthly principal and interest payments, as well as 10% – 20% principal curtailments on the borrowings’ anniversary dates are due on the fixed-rate amortizing borrowings. FHLB borrowings are secured by a blanket collateral agreement. At December 31, 2019 the Company had the capacity to borrow an additional $96.6 million from the FHLB.