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Note 10 - Short-term Borrowings | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Short-term Debt [Text Block] |
10. | SHORT-TERM BORROWINGS
For t he 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) |  | 2017 |  |  | 2016 |
Balance at year-end |  | $ | 74,707 |  |  | $ | 68,359 |
Average balance outstanding |  |  | 63,910 |  |  |  | 37,130 |
Maximum month-end balance |  |  | 114,025 |  |  |  | 68,359 |
Weighted-average rate at year-end |  |  | 1.36 | % |  |  | 0.61 | %
Weighted-average rate during the year |  |  | 1.18 | % |  |  | 0.89 | %
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 $ 6.0 million line of credit at an adjustable rate, currently 4.75%, a $10.0 million line of credit at an adjustable rate, currently at 4.69%, and a $4.0 million line of credit at an adjustable rate, currently 4.74%. At December 31, 2017, 2016, and 2015, outstanding borrowings under these lines were $0, $0, and $9.5 million, respectively. The following table provides additional detail regarding collateral pledged to secure the Company’s repurchase agreements:
|  | Repurchase Agreements (Sweep) Accounted |
|  | for as Secured Borrowings |
(Dollar amounts in thousands) |  | Overnight and Continuous |
|  | December 31, 2017 |  |  | December 31, 2016 |
Repurchase agreements secured by: |  |  |  |  |  |  |  |
Mortgage-backed securities in government sponsored entities |  | $ | 2,040 |  |  | $ | 2,667 |
Tax-exempt obligations of states and political subdivisions |  |  | 495 |  |  |  | 968 |
Gross amount of pledged collateral |  |  | 2,535 |  |  |  | 3,635 |
Gross amount of recognized liabilities |  | $ | 1,989 |  |  | $ | 2,129 |

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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