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Borrowings (Tables)
12 Months Ended
Dec. 31, 2016
Borrowings [Abstract]  
Schedule of Short-term Debt [Table Text Block]

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





 

 

 

 

 



 

 

 

 

 



2016

 

2015



( In Thousands)

Securities sold under agreements to repurchase

$

32,811 

 

$

33,563 

Federal Home Loan Bank short-term borrowings

 

 -

 

 

19,672 



$

32,811 

 

$

53,235 



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





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Years Ended December 31,



2016

 

2015



(Dollars In Thousands)

Average balance during the year

$

41,593 

 

 

$

34,057 

 

Average interest rate during the year

 

0.31 

%

 

 

0.25 

%

Maximum month-end balance during the year

$

52,672 

 

 

$

55,183 

 

Weighted average interest rate at the end of the year

 

0.32 

%

 

 

0.36 

%



Schedule of remaining contractual maturity of repurchase agreements [Table Text Block]







 

 

 

 

 

 

 

 

 

 

 



 

 

As of December 31, 2016

 

 



 

 

Remaining Contractual Maturity of the Agreements

 

 



 

 

Overnight and continuous

 

Up to 30 days

 

30-90 days

 

Greater than 90 days

 

Total

Repurchase Agreements:

 

 

 

 

 

 

 

 

 

 

 

  Obligations of U.S. Government  agencies

 

 

$34,917 

 

$0 

 

$0 

 

$230 

 

$35,147 



 

 

 

 

 

 

 

 

 

 

 

Total liability recognized for repurchase agreements

 

 

 

 

 

 

 

 

 

 

$32,811 





 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 



 

 

As of December 31, 2015

 

 



 

 

Remaining Contractual Maturity of the Agreements

 

 



 

 

Overnight and continuous

 

Up to 30 days

 

30-90 days

 

Greater than 90 days

 

Total

Repurchase Agreements:

 

 

 

 

 

 

 

 

 

 

 

  Obligations of U.S. Government  agencies

 

 

$35,515 

 

$139 

 

$277 

 

$385 

 

$36,316 



 

 

 

 

 

 

 

 

 

 

 

Total liability recognized for repurchase agreements

 

 

 

 

 

 

 

 

 

 

$33,563 



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



 

 

 

 

 



 

 

 

 

 



2016

 

2015



(In Thousands)



 

 

 

 

 

Notes with the FHLB:

 

 

 

 

 

 

 

 

 

 

 

Convertible note due January 2017 at 4.71%

$

10,000 

 

$

10,000 

Amortizing fixed rate borrowing due December 2017 at 1.27%

 

4,025 

 

 

8,000 

Amortizing fixed rate borrowing due January 2018 at 0.91%

 

662 

 

 

1,267 

Amortizing fixed rate borrowing due December 2018 at 1.42%

 

1,634 

 

 

2,434 

Amortizing fixed rate borrowing due June 2020 at 1.49%

 

7,078 

 

 

9,033 

Amortizing fixed rate borrowing due December 2020 at 1.71%

 

4,034 

 

 

5,000 

Amortizing fixed rate borrowing due March 2022 at 1.75%

 

4,568 

 

 

5,392 



$

32,001 

 

$

41,126 



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



 

 



 

 

2017

$

19,253 

2018

 

4,741 

2019

 

3,930 

2020

 

2,951 

2021

 

899 

2022

 

227 



$

32,001