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Short-term borrowings (Details 1) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Summary of securities sold under agreements to repurchase |  |  |
Average balance during the year | $ 3,425 | $ 3,343 | $ 51,694
Average interest rate during the year | 0.66% | 1.36% | 0.67%
Maximum month-end balance during the year | $ 5,150 | $ 5,505 | $ 87,163
Weighted average year-end interest rate | 0.66% | 1.36% | 0.67%
Balance at year-end | $ 2,171 | $ 1,700 | $ 4,409

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- Definition Carrying amount of assets sold under agreements to repurchase when the carrying amount (or market value, if higher than the carrying amount) of securities or other assets sold under repurchase agreements exceeds 10 percent of total assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)(1)(i)(A)(i)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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