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Borrowed Funds
 9 Months Ended
Sep. 30, 2020
Borrowed Funds [Abstract]  
Borrowed Funds Note 10 – Borrowed Funds

The following is a summary of short-term borrowings with original maturities of less than one year:

(Dollars in thousands)

Nine Months
‎Ended
‎September 30, 2020

Year Ended
‎December 31, 2019

Securities sold under agreements to repurchase:

Outstanding at end of period

$

52,589

$

48,728

Weighted average interest rate at end of period

0.18%

0.23%

Maximum amount outstanding as of any month end

$

52,589

$

50,345

Average amount outstanding

$

43,895

$

39,778

Approximate weighted average rate during the period

0.21%

0.28%

At September 30, 2020, the repurchase agreements were secured by $75.8 million in investment securities issued by government related agencies. A minimum of 102% of fair value is pledged against account balances.

At September 30, 2020, the long-term advances from the Federal Home Loan Bank of Atlanta (“FHLB”) were secured by $209.0 million in loans.