Securities Sold Under Agreements to Repurchase and Other Short Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings [Abstract]

Securities Sold Under Agreements to Repurchase

Total securities sold under agreement to repurchase are summarized as follows:

	Years Ended December 31,
	2020			2019
	(In Thousands, Except Percentages)
Securities sold under agreement to repurchase
Amounts outstanding at year-end	$	-		$	2,999
Year-end interest rate		-			0.24	%
Average daily balance during year		4,309			3,587
Maximum month-end balance during the year		14,487			6,402
Average interest rate during the year		0.55	%		0.29	%

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets

The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheet as of December 31, 2019, is presented in the following table.

	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
At December 31, 2019			(In Thousands)
Repurchase agreements:
Mortgage-backed securities – residential	$	1,848	$	—	$	—	$	—	$	1,848
Collateralized mortgage obligations		1,151		—		—		—		1,151
Total borrowings	$	2,999	$	—	$	—	$	—	$	2,999
Gross amount of recognized liabilities for repurchase    agreements									$	2,999