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Short-Term Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Summary of Short-Term Borrowed Funds

The following tables set forth certain information regarding the amounts, year-end weighted average rates, average balances, weighted average rate, and maximum month-end balances for short-term borrowed funds, at and during 2019 and 2018:

 

 

 

2019

 

 

2018

 

 

 

Amount

 

 

Rate

 

 

Amount

 

 

Rate

 

 

 

(dollars in thousands)

 

At year-end

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Master notes and other short-term borrowing

 

$

626

 

 

 

0.89

%

 

$

1,190

 

 

 

1.49

%

Notes payable

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Short-term line of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

626

 

 

 

0.89

%

 

$

1,190

 

 

 

1.49

%

 

 

 

2019

 

 

2018

 

 

 

Amount

 

 

Rate

 

 

Amount

 

 

Rate

 

 

 

(dollars in thousands)

 

Average for the year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal funds purchased

 

$

2

 

 

 

3.04

%

 

$

2

 

 

 

2.92

%

Master notes and other short-term borrowing

 

 

904

 

 

 

1.61

%

 

 

1,638

 

 

 

1.00

%

Notes payable

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Short-term line of credit

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

906

 

 

 

1.62

%

 

$

1,640

 

 

 

1.00

%

 

 

 

2019

 

 

2018

 

 

 

(dollars in thousands)

 

Maximum month-end balance

 

 

 

 

 

 

 

 

Federal funds purchased

 

 

—

 

 

 

—

 

Master notes and other short-term borrowing

 

 

1,486

 

 

 

2,006