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Securities Sold Under Agreements to Repurchase
12 Months Ended
Dec. 31, 2018
Securities Sold Under Agreement to Repurchase [Abstract]  
Securities Sold Under Agreements to Repurchase
Securities Sold Under Agreements to Repurchase
 
Securities sold under repurchase agreements, which are secured borrowings, generally mature within one to four days from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transaction. The Company may be required to provide additional collateral based on the fair value of the underlying securities. The Company monitors the fair value of the underlying securities on a daily basis.
 
At December 31, 2018 and 2017, the Company had securities sold under agreements to repurchase of $11.8 million and $24.1 million, respectively, with commercial checking customers which were secured by $11.8 million and $24.1 million of agency and of mortgage-backed securities, respectively.