BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2019

Short-term borrowings and weighted-average interest rates at December 31 are as follows:



	2019				2018
Dollars in thousands	Amount		Rate		Amount		Rate
FHLB overnight advance	$	—	—	%	$	32	2.62	%
Securities sold under repurchase agreements	33,435		0.12		34,616		0.12
	$	33,435	0.12	%	$	34,648	0.12	%

Offsetting Liabilities

The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreement as of December 31, 2019 and 2018:



								Gross Amounts Not Offset in the Statements of Condition
Dollars in thousands		Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statements of Condition		Net Amounts of Liabilities Presented in the Statements of Condition		Financial Instruments			Cash Collateral Pledged		Net Amount
December 31, 2019
Repurchase agreements
Commercial customers and government entities	(a)	$	33,435	$	—	$	33,435	$	(33,435	)	$	—	$	—

December 31, 2018
Repurchase agreements
Commercial customers and government entities	(a)	$	34,616	$	—	$	34,616	$	(34,616	)	$	—	$	—

(a) As of December 31, 2019 and 2018, the fair value of securities pledged in connection with repurchase agreements was $34,582,000 and $39,788,000, respectively.

Schedule of Maturities of Long-term Debt

A summary of long-term debt as of December 31 is as follows:



	2019				2018
Dollars in thousands	Amount		Rate		Amount		Rate
FHLB fixed-rate advances maturing:
2019	$	—	—	%	$	23,500	1.73	%
2020	20,000		1.87	%	20,000		1.87	%
2021	22,716		2.10	%	22,716		2.10	%
2022	11,000		2.69	%	9,000		2.70	%
2023	5,000		2.60	%	—		—	%
Loan Payable to local bank	1,830		4.50	%	2,300		4.50	%
Loan Payable to local bank	750		4.50	%	1,000		5.25	%
Trust preferred subordinated debt	5,000		6.39	%	5,000		6.39	%
	$	66,296	2.58	%	$	83,516	2.47	%