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Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
 3 Months Ended
Mar. 31, 2017
Brokers and Dealers [Abstract]  
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 $0 and $17 million in Federal Funds Purchased as of March 31, 2017, and December 31, 2016, respectively. During the same time periods the company also had $28 million and $53 million in securities sold under agreement to repurchase.

 

     March 31, 2017  
     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

    $ —        $ —        $ —        $ —        $ —    

Repurchase Agreements;

               

US Treasury & agency securities

    $ 7,352      $ —        $ —        $ 20,609      $ 27,961  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 7,352      $ —        $ —        $ 20,609      $ 27,961  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
     December 31, 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

    $ 17,000      $ —        $ —        $ —        $ 17,000  

Repurchase Agreements;

               

US Treasury & agency securities

    $ 32,814      $ —        $ —        $ 20,510      $ 53,324  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   $ 49,814      $ —        $ —        $ 20,510      $ 70,324