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RETAIL REPURCHASE AGREEMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
Borrowings Under Repurchase Agreements

Information concerning borrowings under repurchase agreements is summarized as follows:

 

(Dollars in thousands)    2013     2012  

Outstanding balance at year end

    $ 9,310      $ 14,092   

Weighted average interest rate at year end

      0.26 %      0.25 % 

Weighted average interest rate during the year

      0.25 %      0.38 % 

Average daily balance

    $ 11,015      $ 10,074   

Maximum month-end balance during the year

    $ 13,041      $ 14,092   

Debt securities underlying the agreements at December 31:

     

Amortized cost

    $ 13,322      $ 15,284   

Fair value

    $ 12,920      $ 15,328