Note 9 - Securities Sold Under Agreements to Repurchase

12 Months Ended

Dec. 31, 2016

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

NOTE

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We

may

be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents.

The gross amount of recognized liabilities for repurchase agreements was

$102.4

million and

$96.8

million at

December

31,

2016

and

2015,

respectively. The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheets as of

December

31,

2016

and

2015

is presented in the following tables.

	Remaining Contractual Maturity of the Agreements
(In thousands)	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
December 31, 2016
Repurchase agreements:
U.S. Government agencies	$	101,647	$	--	$	--	$	757	$	102,404

December 31, 2015
Repurchase agreements:
U.S. Government agencies	$	89,512	$	--	$	--	$	7,326	$	96,838