XML 56 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Repurchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Schedule of Repurchase Agreements [Table Text Block]
Repurchase agreements are comprised of non-insured customer funds, totaling $12.0 million at December 31, 2015, and $11.3 million at December 31, 2014, which are secured by $15.7 million and $17.8 million of the Bank’s investment portfolio at the same dates, respectively.
 
(Dollars in thousands)
 
Years ended December 31,
 
 
 
2015
 
 
2014
 
Average daily balance during the year
 
$
11,952
 
 
$
13,497
 
Average interest rate during the year
 
 
0.14
%
 
 
0.13
%
Maximum month-end balance during the year
 
$
14,744
 
 
$
15,128
 
Weighted average interest rate at year-end
 
 
0.13
%
 
 
0.14
%
 
 
 
As of December 31, 2015
 
 
 
Overnight and
 
 
 
 
 
Greater
 
 
 
 
 
Continuous
 
Up to 30 days
 
30-90 days
 
than 90 days
 
Total
 
Repurchase agreements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. federal agency obligations
 
$
5,810
 
$
-
 
$
-
 
$
-
 
$
5,810
 
Agency mortgage-backed securities
 
 
6,164
 
 
-
 
 
-
 
 
-
 
 
6,164
 
Total
 
$
11,974
 
$
-
 
$
-
 
$
-
 
$
11,974
 
 
 
 
As of December 31, 2014
 
 
 
Overnight and
 
Up to
 
 
 
Greater
 
 
 
 
 
Continuous
 
30 days
 
30-90 days
 
than 90 days
 
Total
 
Repurchase agreements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. federal agency obligations
 
$
5,246
 
$
-
 
$
-
 
$
-
 
$
5,246
 
Agency mortgage-backed securities
 
 
6,024
 
 
-
 
 
-
 
 
-
 
 
6,024
 
Total
 
$
11,270
 
$
-
 
$
-
 
$
-
 
$
11,270