Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

6 Months Ended

Jun. 30, 2016

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

NOTE 7

FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

The Company had $19 million and $22 million in Federal Funds Purchased as of June 30, 2016, and December 31, 2015, respectively. During the same time periods the company also had $57 million and $57 million in securities sold under agreement to repurchase.


	June 30, 2016
	Remaining Contratual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	18,592	$	—	$	—	$	—	$	18,592
Repurchase Agreements;
US Treasury & agency securities	$	37,041	$	—	$	—	$	20,309	$	57,350

	$	55,633	$	—	$	—	$	20,309	$	75,942


	December 31, 2015
	Remaining Contratual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	22,000	$	—	$	—	$	—	$	22,000
Repurchase Agreements;
US Treasury & agency securities	$	39,691	$	—	$	—	$	17,124	$	56,815

	$	61,691	$	—	$	—	$	17,124	$	78,815