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Short-Term Borrowings
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS

NOTE 10 – SHORT-TERM BORROWINGS


($ in thousands)  September 30,
2020		   December 31,
2019		 
         
Securities Sold Under Repurchase Agreements  $20,710   $12,945 
Totals  $20,710   $12,945 

The Company has retail repurchase agreements to facilitate cash management transactions with commercial customers. These obligations are secured by agency and mortgage-backed securities and such collateral is held by the Federal Home Loan Bank. These securities have various maturity dates from 2022 through 2044. As of September 30, 2020, these repurchase agreements were secured by agency securities and mortgage-backed securities with corresponding liabilities of $10.8 million and $14.1 million, respectively. The repurchase agreements mature within one month.


The Company has borrowing capabilities at the Federal Reserve Discount Window by pledging either securities or loans as collateral. As of September 30, 2020, there was no collateral pledged or borrowings drawn at the Discount Window.


The Company participated in the Paycheck Protection Program (“PPP”) and also has the ability to borrow from the Federal Reserve’s special purpose Paycheck Protection Program Liquidity Facility (“PPPLF”) for additional funding. At September 30, 2020, there were no borrowings from the PPLF.


At September 30, 2020 and December 31, 2019, the Company had $41.0 million in federal funds lines, of which none was drawn.