Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Long-term Advances from the Federal Home Loan Bank

At year end, long-term advances from the FHLB were as follows:

	2018					2017
			Weighted					Weighted
			Average					Average
	Amount		Rate			Amount		Rate
Fixed-rate constant payment advance, at 1.70% at December 31, 2018 and 2017	$	3,775		1.70	%	$	4,785		1.70	%
Total advances	$	3,775		1.70	%	$	4,785		1.70	%

Summary of Securities Sold under Agreements to Repurchase

The securities are held in segregated safekeeping accounts at the Federal Reserve Bank, Farmers Trust and the FHLB. Information concerning securities sold under agreements to repurchase is summarized as follows

	2018			2017			2016
Average balance during the year	$	51,694		$	82,627		$	84,368
Average interest rate during the year		0.67	%		0.13	%		0.07	%
Maximum month-end balance during the year	$	87,163		$	94,208		$	98,687
Weighted average year-end interest rate		0.67	%		0.14	%		0.08	%
Balance at year-end	$	4,409		$	74,215		$	78,110

Schedule Disaggregation of the Obligation by the Class of Collateral Pledged for Short-Term Financing Obtained Through the Sales of Repurchase Agreements

The following table provides a disaggregation of the obligation by class of collateral pledged for short-term financing obtained through the sales of repurchase agreements:

	2018		2017
Overnight and continuous repurchase agreements
U.S. Treasury and U.S. government sponsored entities	$	332	$	4,811
State and political subdivisions		664		20,696
Mortgage-backed securities - residential		3,094		43,936
Collateralized mortgage obligations		319		4,772
Total borrowings	$	4,409	$	74,215

Pledged

Summary of Long-term Advances from the Federal Home Loan Bank

FHLB advances are secured by pledgings described in the following Long-Term Borrowings footnote. Balances at year end were as follows:

	2018					2017
			Weighted					Weighted
			Average					Average
	Amount		Rate			Amount		Rate
Repurchase advance with a rate of 1.42% to 2.45% at December 31, 2018 and 2017	$	140,000		2.45	%	$	125,000		1.47	%
Fixed rate advances with a rate of 1.43% to 2.62% at December 31, 2018 and 2017		100,000		2.54	%		90,000		1.45	%
Total advances	$	240,000		2.49	%	$	215,000		1.46	%