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SHORT-TERM BORROWINGS: (Tables) | 12 Months Ended
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Dec. 31, 2021
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, 2021 and 2020 is presented below:
(Dollar amounts in thousands) |  | 2021 |  | 2020
Federal funds purchased |  | $ | 3,275 |  |  | $ | 6,500 |
Repurchase-agreements |  | 90,099 |  |  | 109,561 |
|  | $ | 93,374 |  |  | $ | 116,061 |
(Dollar amounts in thousands) |  | 2021 |  | 2020
Average amount outstanding |  | $ | 99,810 |  |  | $ | 90,561 |
Maximum amount outstanding at a month end |  | 117,337 |  |  | 116,061 |
Average interest rate during year |  | 0.40 | % |  | 0.63 | %
Interest rate at year-end |  | 0.08 | % |  | 0.11 | %

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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=120391452&loc=d3e13212-122682 + Details
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