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SHORT-TERM BORROWINGS | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
SHORT-TERM BORROWINGS | SHORT-TERM BORROWINGS The Company has several short-term borrowings available to it, including short-term borrowings from the FHLB, federal funds purchased, and the FRB discount window. Information concerning the use of these short-term borrowings as of and for the years ended December 31, is summarized as follows:
(Dollars in thousands) | 2015 |  | 2014 |  | 2013
Balance at year end | $ | 60,000 |  |  | $ | 65,000 |  |  | $ | 50,000 |
Weighted average interest rate at year-end | 0.53 | % |  | 0.36 | % |  | 0.28 | %
Average balance during the year | $ | 55,106 |  |  | $ | 32,736 |  |  | $ | 10,540 |
Average interest rate during the year | 0.43 | % |  | 0.34 | % |  | 0.31 | %
Maximum month-end balance during the year | $ | 83,500 |  |  | $ | 65,000 |  |  | $ | 50,000 |
In addition, the Company has repurchase agreements with certain of its deposit customers. The Company is required to hold U.S. Treasury, or U.S. Agency, or U.S. Government Sponsored Enterprise securities to be held as underlying securities for Repurchase Agreements. Information concerning securities sold under agreements to repurchase for the years ended December 31 is summarized as follows:
(Dollars in thousands) | 2015 |  | 2014 |  | 2013
Balance at year end | $ | 29,156 |  |  | $ | 21,742 |  |  | $ | 9,032 |
Weighted average interest rate at year-end | 0.20 | % |  | 0.20 | % |  | 0.20 | %
Average balance during the year | $ | 30,156 |  |  | $ | 19,186 |  |  | $ | 13,772 |
Average interest rate during the year | 0.20 | % |  | 0.20 | % |  | 0.20 | %
Maximum month-end balance during the year | $ | 37,558 |  |  | $ | 32,861 |  |  | $ | 19,105 |
Fair value of securities underlying the agreements at year-end | 35,470 |  |  | 38,337 |  |  | 52,024 |
Federal funds purchased and securities sold under agreements to repurchase generally mature within one day from the transaction date.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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