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Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Borrowings [Abstract]

Short-Term Borrowings

Short-term borrowings at December 31 consist of the following:

	2020			2019
	(In Thousands)
Securities sold under agreements to repurchase	$	63,303		$	30,505
Federal Home Loan Bank short-term borrowings		—			31,751
	$	63,303		$	62,256

The outstanding balances and related information of short-term borrowings are summarized as follows:

	Years Ended December 31,
	2020				2019
	(Dollars In Thousands)
Average balance during the year	$	57,014			$	48,945
Average interest rate during the year		0.55	%			0.96	%
Maximum month-end balance during the year	$	69,294			$	62,256
Weighted average interest rate at the end of the year		0.43	%			1.30	%

Collateral Pledged for Repurchase Agreements

		As of December 31, 2020
		Remaining Contractual Maturity of the Agreements
		Overnight and continuous			Up to 30 days			30-90 days			Greater than 90 days			Total
Repurchase Agreements:
Mortgage-backed securities - government sponsored entities		$	64,429		$	—		$	—		$	—		$	64,429
Total liability recognized for repurchase agreements															63,303

		As of December 31, 2019
		Remaining Contractual Maturity of the Agreements
		Overnight and continuous			Up to 30 days			30-90 days			Greater than 90 days			Total
Repurchase Agreements:
Mortgage-backed securities - government sponsored entities		$	36,195		$	—		$	—		$	—		$	36,195
Total liability recognized for repurchase agreements															30,505

Other Borrowings

	2020			2019
	(In Thousands)
Fixed rate term borrowing due May 2020 at 1.85%	$	—		$	5,000
Amortizing fixed rate borrowing due June 2020 at 1.49%		—			1,034
Amortizing fixed rate borrowing due July 2020 at 2.77%		—			2,974
Amortizing fixed rate borrowing due December 2020 at 1.71%		—			2,538
Amortizing fixed rate borrowing due December 2020 at 3.06%		—			1,034
Amortizing fixed rate borrowing due March 2022 at 1.75%		1,126			2,009
Amortizing fixed rate borrowing due August 2022 at 1.94%		3,376			5,351
Amortizing fixed rate borrowing due October 2022 at 1.88%		3,021			4,626
Amortizing fixed rate borrowing due October 2023 at 3.24%		5,865			7,809
Amortizing fixed rate borrowing due December 2023 at 3.22%		3,096			4,063
Fixed rate term borrowing due December 2023 at 1.95%		10,000			10,000
Amortizing fixed rate borrowing due December 2023 at 1.73%		7,616			10,000
Amortizing fixed rate borrowing due April 2024 at 0.91%		8,359			—
	$	42,459		$	56,438

Contractual Maturities of Other Borrowings

2021	$	12,594
2022		11,191
2023		17,826
2024		848
	$	42,459

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Tabular disclosure of contractual maturities of other borrowings.

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Tabular disclosure of advances by federal home loan bank by branch.

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Tabular disclosure, as of the most recent balance sheet date, of securities or other assets sold under repurchase agreements when this amount exceeds 10 percent of total assets. Disclosure may include the following: the type of securities or assets sold under agreements to repurchase, the carrying amount, market value (including accrued interest plus any cash or other assets on deposit. The information is segregated into securities maturing (1) overnight; (2) term up to 30 days; (3) term of 30 to 90 days; (4) term over 90 days; (5) demand.

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