v3.19.1
Securities Sold Under Agreements to Repurchase (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Repurchase Agreements [Abstract]  
Schedule Of Securities Sold Under Agreements To Repurchase
The Company sells securities under repurchase agreements to provide cash management services to commercial account customers. These borrowings are summarized as follows:
Securities Sold Under Agreements to Repurchase
 
 
 
 
(dollars in thousands)
 
2018
 
2017
Average amount outstanding
 
$
10,596

 
$
9,684

Average rate paid during the year
 
1.38
%
 
0.15
%
Maximum amount outstanding at month end
 
$
12,445

 
$
12,472

 
 
 
 
 
Investment securities pledged to secure the underlying agreements at year end:
 
 
 
 
Amortized cost
 
$
16,032

 
$
14,405

Fair value
 
15,862

 
14,475