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Borrowings and Borrowing Capacity (Tables)
 12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Short-term Borrowings

The following table provides a summary of all short-term borrowings at the dates indicated:

 

 

 

December 31,

 

 

December 31,

 

(Dollars in thousands)

 

2014

 

 

2013

 

Average daily balance during the year

 

$

40,346

 

 

$

12,297

 

Average interest rate during the year

 

 

0.14

%

 

 

0.14

%

Maximum month-end balance during the year

 

 

85,313

 

 

 

42,639

 

Weighted average interest rate at December 31

 

 

0.05

%

 

 

0.06

%

 
Summary of Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase are financing arrangements that mature within one year. At maturity, the securities underlying the agreements are returned to the Company. Customer repurchase agreements are summarized as follows: 

 

 

 

December 31,

 

 

December 31,

 

(Dollars in thousands)

 

2014

 

 

2013

 

Sweep repurchase agreements

 

$

8,959

 

 

$

10,006

 

Term repurchase agreements

 

 

323

 

 

 

1,324

 

Total

 

$

9,282

 

 

$

11,330

 

 
Schedule of FHLB Advances

FHLB Advances

TCB is a member of the FHLB of Des Moines, and TSB is a member of the FHLB of Dallas. The FHLB advances are collateralized by assets, including a blanket pledge of certain loans, and are short term in nature, generally maturing within one month. Collectively at December 31, 2014 and 2013, TCB and TSB have borrowings and unused borrowing capacity with the FHLB as follows:

 

 

 

December 31,

 

 

December 31,

 

(Dollars in thousands)

 

2014

 

 

2013

 

Borrowing capacity

 

$

107,361

 

 

$

131,300

 

Borrowings outstanding

 

 

3,000

 

 

 

21,000

 

Unused borrowing capacity

 

$

104,361

 

 

$

110,300