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Short-term borrowings | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Short-term borrowings | 11. Short-term borrowings: Securities sold under agreements to repurchase and FHLB advances generally represent overnight or less than 30-day borrowings. Short-term borrowings consisted of the following at December 31, 2014 and 2013:
|  | At and for the year ended December 31, 2014 |
|  | Ending Balance |  |  | Average Balance |  |  | Maximum Month-End Balance |  |  | Weighted Average Rate for the Year |  |  | Weighted Average Rate at End of the Year |
Repurchase agreements |  | $ | 682 |  |  | $ | 12,729 |  |  | $ | 22,840 |  |  |  | 0.53 | % |  |  | 0.38 | %
FHLB advances |  |  | 18,875 |  |  |  | 2,142 |  |  |  | 18,875 |  |  |  | 0.25 |  |  |  | 0.28 |
|  | $ | 19,557 |  |  | $ | 14,871 |  |  | $ | 41,715 |  |  |  | 0.48 | % |  |  | 0.28 | %
|  | At and for the year ended December 31, 2013 |
|  | Ending Balance |  |  | Average Balance |  |  | Maximum Month-End Balance |  |  | Weighted Average Rate for the Year |  |  | Weighted Average Rate at End of the Year |
Repurchase agreements |  | $ | 22,052 |  |  | $ | 10,107 |  |  | $ | 25,898 |  |  |  | 0.33 | % |  |  | 0.67 | %
FHLB advances |  |  |  |  |  |  | 51 |  |  |  |  |  |  |  | 0.33 |  |  |  |  |
|  | $ | 22,052 |  |  | $ | 10,158 |  |  | $ | 25,898 |  |  |  | 0.33 | % |  |  | 0.67 | %
Peoples Bank has an agreement with the FHLB which allows for borrowings up to its maximum borrowing capacity based on a percentage of qualifying collateral assets. At December 31, 2014, Peoples Bank’s maximum borrowing capacity was $544,320 of which $52,015 was outstanding in borrowings. Advances with the FHLB are secured under terms of a blanket collateral agreement by a pledge of FHLB stock and certain other qualifying collateral, such as investments and mortgage-backed securities and mortgage loans. Interest accrues daily on the FHLB advances based on rates of the FHLB discount notes. This rate resets each day. Securities sold under repurchase agreements are retained under Peoples Bank’s control at its safekeeping agent. The Bank may be required to provide additional collateral based on the fair value of the underlying securities.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: 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 4: 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 5: 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 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 + Details
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