Short-Term Borrowings (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Federal Funds Purchased and Other Short-term Borrowings are Included in Federal Home Loan Bank Advances on Consolidated Balance Sheets

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 June 30, 2017					At December 31, 2016
	Federal Funds Purchased		Short-term Borrowings			Federal Funds Purchased			Short-term Borrowings
Outstanding balance	$	—	$	48,300		$	—		$	31,000
Maximum indebtedness		—		106,300			20,000			70,400
Average balance		—		27,294			116			10,483
Average rate paid		—		0.94	%		0.86	%		0.42	%
Interest rate on balance		—		1.17	%		—			0.64	%

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 June 30, 2017 and December 31, 2016. All of the repurchase agreements are overnight agreements.


	June 30, 2017		December 31, 2016
Securities pledged for repurchase agreements:
U.S. Treasury securities	$	536	$	1,761
Obligations of U.S. government agencies		12,194		27,164

Total securities pledged	$	12,730	$	28,925

Gross amount of recognized liabilities for repurchase agreements	$	12,730	$	28,925

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