Short-term Debt [Text Block]

12 Months Ended

Dec. 31, 2015

10. SHORT-TERM BORROWINGS

The year ended December 31 outstanding balances and related information of short-term borrowings, which includes securities sold under agreements to repurchase and short-term borrowings from other banks, are summarized as follows:


(Dollar amounts in thousands)	2015			2014
Balance at year-end	$	35,825		$	14,808
Average balance outstanding		11,768			8,379
Maximum month-end balance		35,825			19,970
Weighted-average rate at year-end		1.37	%		0.98	%
Weighted-average rate during the year		1.65	%		1.77	%

Average balances outstanding during the year represent daily average balances, and average interest rates represent interest expense divided by the related average balance.

The Company maintains a $4.0 million line of credit at an adjustable rate, currently 3.92%, a $3.0 million line of credit at an adjustable rate, currently at 4.00%, and a $2.5 million line of credit at an adjustable rate, currently 3.75%. At December 31, 2015, 2014, and 2013, outstanding borrowings under these lines were $9.5 million, $3.1 million, and $3.9 million, respectively.

The following table provides additional detail regarding short-term borrowed funds.


	Repurchase Agreements (Sweep) Accounted for as Secured Borrowings (in thousands) Overnight and Continuous
	December 31, 2015		December 31, 2014
Repurchase agreements:
U.S. Government agency securities	$	1,052	$	1,090
Mortgage-backed securities in government-sponsored entities		1,877		2,091

	$	2,929	$	3,181