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Repurchase Agreements (Tables)

12 Months Ended

Dec. 31, 2019

Brokers and Dealers [Abstract]

Schedule of Repurchase Agreements

The following is a summary of the balances and collateral of the Company’s repurchase agreements:

(Dollars in thousands)		Years ended December 31,
		2019				2018
Average daily balance during the year		$	15,695			$	12,388
Average interest rate during the year			0.62	%			0.87	%
Maximum month-end balance during the year		$	17,548			$	15,246
Weighted average interest rate at year-end			0.47	%			1.00	%

		As of December 31, 2019
		Overnight and Continuous				Up to 30 days				30-90 days				Greater than 90 days				Total
Repurchase agreements:
U.S. federal treasury obligations		$	789			$	-			$	-			$	-			$	789
U.S. federal agency obligations			1,978				-				-				-				1,978
Agency mortgage-backed securities			14,781				-				-				-				14,781
Total		$	17,548			$	-			$	-			$	-			$	17,548

		As of December 31, 2018
		Overnight and				Up to								Greater
		Continuous				30 days				30-90 days				than 90 days				Total
Repurchase agreements:
U.S. federal treasury obligations		$	416			$	-			$	-			$	-			$	416
U.S. federal agency obligations			5,626				-				-				-				5,626
Agency mortgage-backed securities			9,204				-				-				-				9,204
Total		$	15,246			$	-			$	-			$	-			$	15,246