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Other Borrowings
12 Months Ended
Dec. 31, 2020
Other Borrowings [Abstract]  
Other Borrowings Note 12. Other Borrowings

The Bank's short-term borrowings are comprised of a line-of-credit with the Federal Home Loan Bank of Pittsburgh (Open Repo Plus). Open Repo Plus is a revolving term commitment used on an overnight basis. The term of this commitment may not exceed 364 days and it reprices daily at market rates. These borrowings at December 31 are described below:

2020

2019

FHLB

FHLB

(Dollars in thousands)

Open Repo

Open Repo

Ending balance

$

$

Weighted average rate at year end

Range of interest rates paid at year end

Maximum month-end balance during the year

$

$

4,500

Average balance during the year

$

$

1,335

Weighted average interest rate during the year

2.60%

 

The Bank’s maximum borrowing capacity with the FHLB at December 31, 2020 was $387.7 million with $387.7 million available to borrow. This borrowing capacity is secured by a Blanket Pledge Agreement with FHLB on the Bank’s real estate loan portfolio.

The Bank has established credit at the Federal Reserve Discount Window and as of year-end had the ability to borrow approximately $26 million. The Bank also has $21.0 million in unsecured line of credit at two correspondent banks. The Bank also has access to the Paycheck Protection Program Liquidity Facility (PPPLF) to fund PPP Loans.