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SHORT-TERM BORROWINGS: (Tables) | 12 Months Ended
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Dec. 31, 2019
Short Term Borrowings Disclosure [Abstract] |
Schedule of short-term borrowings | A summary of the carrying value of the Corporation's short-term borrowings at December 31, 2019 and 2018 is presented below:
(Dollar amounts in thousands) |  | 2019 |  | 2018
Federal funds purchased |  | $ | 900 |  |  | $ | 43,250 |
Repurchase-agreements |  | 79,219 |  |  | 26,406 |
|  | $ | 80,119 |  |  | $ | 69,656 |
(Dollar amounts in thousands) |  | 2019 |  | 2018
Average amount outstanding |  | $ | 60,915 |  |  | $ | 41,557 |
Maximum amount outstanding at a month end |  | 91,750 |  |  | 69,656 |
Average interest rate during year |  | 1.84 | % |  | 1.24 | %
Interest rate at year-end |  | 0.31 | % |  | 1.86 | %

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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