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Borrowed Funds | 12 Months Ended
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Dec. 31, 2014
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Note 9 – Borrowed Funds At year end, borrowed funds are summarized below:
|  | (Dollars in thousands) |
|  | 2014 |  |  | 2013 |
Fixed rate advances from the FHLB |  | $ | 36,100 |  |  | $ | 30,100 |
Line of credit at FHLB |  |  | - |  |  |  | 714 |
Other |  |  | 281 |  |  |  | 84 |
Total |  | $ | 36,381 |  |  | $ | 30,898 |
At December 31, 2014, scheduled maturities of borrowed funds were as follows:
|  | (Dollars in thousands) |
2015 |  | $ | 8,281 |
2016 |  |  | 8,000 |
2017 |  |  | 10,000 |
2018 |  |  | 4,100 |
2019 |  |  | 4,000 |
2020 |  |  | 2,000 |
Total |  | $ | 36,381 |
Repurchase agreements generally mature within one year and are secured by U.S. government and U.S. agency securities, under the Bancorp’s control. At December 31, information concerning these retail repurchase agreements is summarized below:
|  | (Dollars in thousands) |
|  | 2014 |  |  | 2013 |
Ending balance |  | $ | 17,525 |  |  | $ | 14,031 |
Average balance during the year |  |  | 18,029 |  |  |  | 18,016 |
Maximum month-end balance during the year |  |  | 25,540 |  |  |  | 21,652 |
Securities underlying the agreements at year end: |  |  |  |  |  |  |  |
Carrying value |  |  | 103,754 |  |  |  | 23,729 |
Fair value |  |  | 103,754 |  |  |  | 23,729 |
Average interest rate during the year |  |  | 0.37 | % |  |  | 0.38 | %
Average interest rate at year end |  |  | 0.35 | % |  |  | 0.38 | %
At December 31, advances from the Federal Home Loan Bank were as follows:
|  | (Dollars in thousands) |
|  | 2014 |  | 2013 |
Fixed rate advances, maturing January 2015 through June 2020 at rates from 0.41% to 2.36%; average rate: 2014 – 1.31%; 2013 – 1.47% |  | $ | 36,100 |  | $ | 30,100 |
maintains a $10.0 million line of credit with the Federal Home Loan Bank of Indianapolis. There was no outstanding balance on the line of credit at December 31, 2014 and approximately $714 thousand outstanding at December 31, 2013. Other borrowings at December 31, 2014 and 2013 are comprised of reclassified bank balances.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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