XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.4.0.3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 3 Months Ended
--- | ---
Mar. 31, 2016
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 9. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE At March 31, 2016 and December 31, 2015, securities sold under agreements to repurchase totaled $51.0 million and $50.9 million, respectively, and were secured by U.S. GSE, residential mortgage-backed securities and residential collateralized mortgage obligations with a carrying amount of $55.9 million and $55.9 million, respectively. Securities sold under agreements to repurchase are financing arrangements with $1.0 million maturing during the second quarter of 2016 and $50.0 million maturing during the fourth quarter of 2016. At maturity, the securities underlying the agreements are returned to the Company. Information concerning the securities sold under agreements to repurchase is summarized as follows:
|  | For the three months ended |
(Dollars in thousands) |  | March 31, 2016 |  |  | March 31, 2015 |
Average daily balance |  | $ | 50,850 |  |  | $ | 32,122 |
Average interest rate |  |  | 0.85 | % |  |  | 1.01 | %
Maximum month-end balance |  | $ | 51,025 |  |  | $ | 36,230 |
Weighted average interest rate |  |  | 0.84 | % |  |  | 1.01 | %

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfRepurchaseAgreementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements (also known as repos), resale agreements (also known as reverse repurchase agreements or reverse repos), securities borrowed transactions, and securities loaned transactions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=55761124&loc=SL6224234-111729 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_RepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration