Securities Sold under Agreements to Repurchase (Tables)

9 Months Ended

Sep. 30, 2017

Securities Sold Under Agreements To Repurchase Tables

Schedule of information concerning repurchase agreements [Table Text Block]

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

	September 30,			December 31,			September 30,
	2017			2016			2016
	(dollars in thousands)
Average daily balance during the year-to-date	$	9,065		$	15,000		$	15,000
Average interest rate during the year-to-date		5.95	%		5.95	%		5.95	%
Maximum month end balance during the year-to-date	$	15,000		$	15,000		$	15,000
Weighted average interest rate during the year-to-date		5.95	%		5.95	%		5.95	%

Schedule of remaining contractual maturity [Table Text Block]

As of September 30, 2017, there were no repurchase agreements outstanding. The previous outstanding repurchase agreement of $15.0 million was repaid on June 15, 2017.

	December 31, 2016
	Remaining Contractual Maturity of the Agreements
	Overnight and		Up to 30				Greater Than
	Continuous		Days		31-90 Days		90 Days		Total
	(dollars in thousands)
Repurchase agreements & repurchase-to-maturity transaction
U.S. Treasury and agency securities	$	-	$	-	$	-	$	-	$	-
Residential mortgage pass-through securities		-		-		-		16,826		16,826
Total borrowings	$	-	$	-	$	-	$	16,826	$	16,826

Amounts related to agreements not included in offsetting disclosure in Note 14:									$	1,826