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Short-term borrowings | 12 Months Ended
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Dec. 31, 2015
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, 2015 and 2014:
|  | At and for the year ended December 31, 2015 |
|  |  |  |  |  |  |  |  |  |  | Weighted |  | Weighted |
|  |  |  |  |  |  |  | Maximum |  | Average |  | Average |
|  | Ending |  | Average |  | Month-End |  | Rate for |  | Rate at End |
|  | Balance |  | Balance |  | Balance |  | the Year |  | of the Year |
Repurchase agreements |  |  |  |  | $ | 22 |  |  |  |  | 1.11 | % |  |
FHLB advances |  | $ | 38,325 |  |  | 13,458 |  | $ | 54,425 |  | 0.39 |  | 0.43 | %
|  | $ | 38,325 |  | $ | 13,480 |  | $ | 54,425 |  | 0.39 | % | 0.43 | %
|  | At and for the year ended December 31, 2014 |
|  |  |  |  |  |  |  |  |  |  | Weighted |  | Weighted |
|  |  |  |  |  |  |  | Maximum |  | Average |  | Average |
|  | Ending |  | Average |  | Month-End |  | Rate for |  | Rate at End |
|  | Balance |  | Balance |  | Balance |  | the Year |  | 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 | %
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, 2015, Peoples Bank’s maximum borrowing capacity was $529,088 of which $98,679 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 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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