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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)
12 Months Ended
Dec. 31, 2019
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE  
Schedule of Information pertaining to securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

 

(dollars in thousands)

 

Balance at end of year

 

$

44,433

 

$

46,195

 

Weighted average rate as of end of year

 

 

0.20

%

 

0.12

%

Fair value of securities underlying the agreements

 

$

57,760

 

$

61,092

 

Carrying value of securities underlying the agreements

 

$

57,760

 

$

61,092