Securities Sold under Agreements to Repurchase (Tables)

9 Months Ended

Sep. 30, 2016

Securities Sold Under Agreements To Repurchase Tables

Schedule of information concerning repurchase agreements [Table Text Block]

Repurchase agreements are secured borrowings. The Company pledges investment securities to secure those borrowings. Information concerning repurchase agreements is summarized as follows for the periods presented:

	September 30,			December 31,			September 30,
(dollars in thousands)	2016			2015			2015
Average daily balance during the year-to-date	$	15,000		$	22,890		$	25,549
Average interest rate during the year-to-date		5.95	%		5.92	%		5.90	%
Maximum month-end balance during the year-to-date	$	15,000		$	31,000		$	31,000
Weighted average interest rate during the year-to-date		5.95	%		5.92	%		5.90	%

Schedule of remaining contractual maturity [Table Text Block]

The table below shows the remaining contractual maturity of agreement by fair value of collateral pledged:

	September 30, 2016
	Remaining Contractual Maturity of the Agreements
	Overnight and		Up to 30				Greater Than
(dollars in thousands)	Continuous		Days		30-90 Days		90 Days		Total
Repurchase agreements and
repurchase-to-maturity transactions
U.S. Treasury and agency securities	$	-	$	-	$	-	$	-	$	-
Residential mortgage pass-through securities		-		-		-		17,082		17,082
Total Borrowings	$	-	$	-	$	-	$	17,082	$	17,082

Amounts related to agreements not included in offsetting disclosure in Note 14:									$	2,082

	December 31, 2015
	Remaining Contractual Maturity of the Agreements
	Overnight and		Up to 30				Greater Than
(dollars in thousands)	Continuous		Days		30-90 Days		90 Days		Total
Repurchase agreements and
repurchase-to-maturity transactions
U.S. Treasury and agency securities	$	-	$	-	$	-	$	6,313	$	6,313
Residential mortgage pass-through securities		-		-		-		12,589		12,589
Total Borrowings	$	-	$	-	$	-	$	18,902	$	18,902

Amounts related to agreements not included in offsetting disclosure in Note 14									$	3,902