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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2014
Borrowings [Abstract]  
Schedule of Short-term Debt [Table Text Block]

Short-term borrowings at December 31 consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

( In Thousands)

Securities sold under agreements to repurchase

$
25,695 

 

$
36,500 

Federal Home Loan Bank short-term borrowings

 

 -

 

 
13,414 

 

 

 

The outstanding balances and related information of short-term borrowings are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

2014

 

2013

 

(Dollars In Thousands)

Average balance during the year

$
36,514 

 

 

$
30,832 

 

Average interest rate during the year

 
0.21 

%

 

 
0.21 

%

Maximum month-end balance during the year

$
49,634 

 

 

$
49,914 

 

Weighted average interest rate at the end of the year

 
0.20 

%

 

 
0.21 

%

 

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]

Other borrowings consisted of the following at December 31, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

(In Thousands)

 

 

 

 

 

 

Notes with the FHLB:

 

 

 

 

 

 

 

 

 

 

 

Convertible note due July 2015 at 4.34%

$
7,111 

 

$
7,301 

Convertible note due January 2017 at 4.71%

 
10,000 

 

 
10,000 

Amortizing fixed rate borrowing due January 2018 at 0.91%

 
1,866 

 

 
2,460 

Amortizing fixed rate borrowing due December 2018 at 1.425%

 
3,223 

 

 
4,000 

 

$
22,200 

 

$
23,761 

 

Schedule of Contractual Maturities of Other Borrowings [Table Text Block]

Contractual maturities of other borrowings at December 31, 2014 are as follows (in thousands):

 

 

 

 

 

 

 

 

2015

$
7,111 

2017

 
10,000 

2018

 
5,089 

 

$
22,200