Short-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Federal Funds Purchased and Other Short-term Borrowings

Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are included in Federal Home Loan Bank advances on the Consolidated Balance Sheets and are summarized as follows:


	At March 31, 2016					At December 31, 2015
	Federal					Federal
	Funds		Short-term			Funds			Short-term
	Purchased		Borrowings			Purchased			Borrowings
Outstanding balance	$	—	$	—		$	—		$	53,700
Maximum indebtedness		—		70,400			—			64,700
Average balance		—		20,571			69			26,880
Average rate paid		—		0.39	%		0.53	%		0.20	%
Interest rate on balance		—		—			—			0.35	%

Summary of Securities Pledged as Collateral Under Repurchase Agreements

The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of March 31, 2016 and December 31, 2015. All of the repurchase agreements are overnight agreements.


	March 31, 2016		December 31, 2015
Securities pledged for repurchase agreements:
U.S. Treasury securities	$	900	$	894
Obligations of U.S. government agencies		23,372		24,146

Total securities pledged	$	24,272	$	25,040

Gross amount of recognized liabilities for repurchase agreements	$	24,272	$	25,040

Amounts related to agreements not included in offsetting disclosures above	$	—	$	—