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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure of Repurchase Agreements [Abstract]  
Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase (repurchase agreements) as of the dates indicated consisted of the following:

 

 

 

 

 

 

June 30, 2019

 

December 31, 2018

(Dollars in thousands)

 

 

 

 

 

Short-term fixed-rate repurchase agreement (1)

$

-

 

$

50,086

Long-term fixed-rate repurchase agreements (2)(3)(4)

 

100,000

 

 

100,000

 

 

$

100,000

 

$

150,086

 

 

 

 

 

 

 

Repurchase agreements mature as follows:

 

 

 

 

 

 

 

 

June 30, 2019

 

 

 

(In thousands)

 

 

 

 

 

 

One to three years

$

100,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Weighted-Average

 

 

 

Counterparty

 

Amount

 

Maturity (In Months)

 

 

 

 

 

 

 

 

 

 

 

 

JP Morgan Chase

 

$

100,000

 

31