XML 47 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Cash and Cash Equivalents (Tables)
 6 Months Ended
Jun. 30, 2018
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents



 

 

 

 



 

 

 

 



June 30,

December 31,

(in thousands)

2018

2017

Cash and due from banks, weighted average interest rate of 0.83% (at June 30, 2018)

$

 23,072 

$

 82,273 



Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at cost which approximates fair value and, as of June 30, 2018 and December 31, 2017, consisted of daily funds invested at the Federal Home Loan Bank (“FHLB”) of Atlanta and Merchants and Traders (“M&T”).







 

 

 

 



June 30,

December 31,

(in thousands)

2018

2017

FHLB daily investments, interest rate of 1.81% (at June 30, 2018)

$

 1,303 

$

 464 

M&T daily investments, interest rate of 0.15% (at June 30, 2018)

 

 1,016 

 

 1,015 



$

 2,319 

$

 1,479