SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

12 Months Ended

Dec. 31, 2019

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 9 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Securities sold under agreements to repurchase generally mature within one to ninety days from the transaction date.  Information concerning securities sold under agreements to repurchase is summarized as follows:

	2019			2018
Year-end balance	$	20,428		$	22,062
Average balance during the year	$	21,704		$	22,343
Average interest rate during the year		0.32	%		0.14	%
Maximum month-end balance during the year	$	23,020		$	25,067
Weighted average interest rate at year-end		0.49	%		0.14	%