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Short-term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
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

 

 

2021

 

 

2020

 

 

2019

 

Average balance during the year

 

$

2,354

 

 

$

3,425

 

 

$

3,343

 

Average interest rate during the year

 

 

0.18

%

 

 

0.66

%

 

 

1.36

%

Maximum month-end balance during the year

 

$

4,860

 

 

$

5,150

 

 

$

5,505

 

Weighted average year-end interest rate

 

 

0.00

%

 

 

0.66

%

 

 

1.36

%

Balance at year-end

 

$

0

 

 

$

2,171

 

 

$

1,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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:

 

 

 

2020

 

Overnight and continuous repurchase agreements

 

 

 

 

U.S. Treasury and U.S. government sponsored entities

 

$

42

 

State and political subdivisions

 

 

1,407

 

Mortgage-backed securities - residential

 

 

568

 

Collateralized mortgage obligations

 

 

154

 

Total borrowings

 

$

2,171