Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2019

Summary of Federal Funds Purchased and Other Short-term Borrowings are Included in Federal Home Loan Bank Advances on Consolidated Balance Sheets

Short-term borrowings, which consist of federal funds purchased and other short-term borrowings, are included in Federal Home Loan Bank advances on the Consolidated Balance Sheets and are summarized as follows:

	At September 30, 2019					At December 31, 2018
	Federal Funds Purchased		Short-term Borrowings			Federal Funds Purchased			Short-term Borrowings
Outstanding balance	$	—	$	181,100		$	—		$	188,600
Maximum indebtedness		—		192,700			20,000			225,300
Average balance		—		117,229			116			113,520
Average rate paid		—		2.44	%		2.58	%		2.07	%
Interest rate on balance		—		2.11	%		—			2.45	%

Summary of Securities Pledged as Collateral Under Repurchase Agreements

The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of September 30, 2019 and December 31, 2018. All of the repurchase agreements are overnight agreements.

	September 30, 2019		December 31, 2018
Securities pledged for repurchase agreements:
U.S. Treasury securities	$	655	$	861
Obligations of U.S. government agencies		14,433		21,338
Total securities pledged	$	15,088	$	22,199
Gross amount of recognized liabilities for repurchase agreements	$	15,088	$	22,199
Amounts related to agreements not included in offsetting disclosures above	$	—	$	—