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Cash And Cash Equivalents (Tables)
 12 Months Ended
Dec. 31, 2014
Cash and Cash Equivalents [Abstract]  
Schedules of Cash and Cash Equivalents

Cash and due from banks, which represents vault cash in the retail offices and invested cash balances at the Federal Reserve, is carried at fair value.

 

 

 

 

 

 

 

 

 

 

 

December 31,

December 31,

(in thousands)

2014

2013

Cash and due from banks, weighted average interest rate of 0.17% (at December 31, 2014)

$
27,554 

$
32,895 

 

Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at fair value and, as of December 31, 2014 and 2013, consisted of daily funds invested at the FHLB of Atlanta, First Tennessee Bank (“FTN”), M&T Bank (“M&T”) and CBB.

 

 

 

 

 

 

 

 

 

 

 

December 31,

December 31,

(in thousands)

2014

2013

FHLB daily investments, interest rate of 0.005% (at December 31, 2014)

$
983 

$
1,677 

FTN daily investments, interest rate of 0.13% (at December 31, 2014)

 
850 

 
1,350 

M&T daily investments, interest rate of 0.15% (at December 31, 2014)

 
6,064 

 
6,051 

CBB Fed Funds sold, interest rate of 0.22% (at December 31, 2014)

 
0 

 
1,090 

 

$
7,897 

$
10,168