XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Federal Funds Purchased and Securities Sold Under Agreement to Repurchase | 12 Months Ended
--- | ---
Dec. 31, 2017
Brokers and Dealers [Abstract] |
Federal Funds Purchased and Securities Sold Under Agreement to Repurchase | Note 8 - Federal Funds Purchased and Securities Sold Under Agreement to Repurchase The Bank’s policy requires qualifying securities to be used as collateral for the underlying repurchase agreements. As of December 31, 2017 and 2016 securities with a market value of $35.9 million and $55.2 million, respectively, were pledged to secure the repurchase agreements. The table below presents the daily securities sold under agreement to repurchase and the term repurchase agreements. It does not include the Bank’s Federal Funds purchased.
|  |  |  |  | Daily Securities Sold Under Agreement to Repurchase |  |  |  |
|  | Amount Outstanding at End of Period (000’s) |  |  | Weighted Average Rate End of Period |  |  | Maximum Amount Borrowings Outstanding Month End (000’s) |  |  | Approximate Average Outstanding in Period (000’s) |  |  | Approximate Weighted Average Interest Rate For the Period |
2017 |  | $ | 6,145 |  |  |  | 1.19 | % |  | $ | 14,929 |  |  | $ | 10,253 |  |  |  | 0.96 | %
2016 |  | $ | 32,814 |  |  |  | 0.20 | % |  | $ | 43,929 |  |  | $ | 39,928 |  |  |  | 0.10 | %
|  |  |  |  | Term CD’s Sold Under Agreement to Repurchase |  |  |  |
|  | Amount Outstanding at End of Period (000’s) |  |  | Weighted Average Rate End of Period |  |  | Maximum Amount Borrowings Outstanding Month End (000’s) |  |  | Approximate Average Outstanding in Period (000’s) |  |  | Approximate Weighted Average Interest Rate For the Period |
2017 |  | $ | 22,925 |  |  |  | 1.97 | % |  | $ | 22,925 |  |  | $ | 21,172 |  |  |  | 1.81 | %
2016 |  | $ | 20,510 |  |  |  | 1.96 | % |  | $ | 20,510 |  |  | $ | 19,562 |  |  |  | 1.88 | %
The Company had $10.4 and $17.0 million of Federal Funds Purchased as of December 31, 2017 and December 31, 2016 respectively. The $29.1 million in Securities Sold Under Agreements to Repurchase were comprised of U.S. Treasuries and government agency securities. The table below shows the remaining contractual maturity in the repurchase agreements December 31, 2017.
|  | December 31, 2017 |
|  | Remaining Contractual Maturity of the Agreements |
|  | Overnight & Continuous |  |  | Up to 30 days |  |  | 30-90 days |  |  | Greater Than 90 days |  |  | Total |
Federal funds Purchased |  | $ | 10,425 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10,425 |
Repurchase Agreements US Treasury & agency securities |  |  | 6,145 |  |  |  | — |  |  |  | — |  |  |  | 22,925 |  |  |  | 29,070 |
Total |  | $ | 16,570 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,925 |  |  | $ | 39,495 |

X
- References No definition available. + Details
Name: | us-gaap_BrokersAndDealersAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements (also known as repos), resale agreements (also known as reverse repurchase agreements or reverse repos), securities borrowed transactions, and securities loaned transactions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -URI http://asc.fasb.org/topic&trid=2197590 + Details
Name: | us-gaap_RepurchaseAgreementsResaleAgreementsSecuritiesBorrowedAndSecuritiesLoanedDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration