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Borrowed Funds | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Note 9 – Borrowed Funds At year end, borrowed funds are summarized below:
|  | (Dollars in thousands) |
|  | 2017 |  |  | 2016 |
Fixed rate advances from the FHLB |  | $ | 17,100 |  |  | $ | 25,100 |
Line of credit at FHLB |  |  | 3,181 |  |  |  | 28 |
Other |  |  | 600 |  |  |  | 700 |
Total |  | $ | 20,881 |  |  | $ | 25,828 |
At December 31, 2017, scheduled maturities of borrowed funds were as follows:
|  | (Dollars in thousands) |
2018 |  | $ | 9,881 |
2019 |  |  | 9,000 |
2020 |  |  | 2,000 |
Total |  | $ | 20,881 |
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) |
|  | 2017 |  |  | 2016 |
Ending balance |  | $ | 11,300 |  |  | $ | 13,998 |
Average balance during the year |  |  | 13,734 |  |  |  | 17,755 |
Maximum month-end balance during the year |  |  | 17,720 |  |  |  | 23,308 |
Securities underlying the agreements at year end: |  |  |  |  |  |  |  |
Carrying value |  |  | 18,053 |  |  |  | 23,571 |
Fair value |  |  | 18,053 |  |  |  | 23,571 |
Average interest rate during the year |  |  | 0.82 | % |  |  | 0.55 | %
Average interest rate at year end |  |  | 0.91 | % |  |  | 0.56 | %
At December 31, advances from the Federal Home Loan Bank were as follows:
|  | (Dollars in thousands) |
|  | 2017 |  |  | 2016 |
Fixed rate advances, maturing January 2018 through June 2020 at rates from 0.97% to 2.11%; average rate: 2017 – 1.67%; 2016 – 1.40% |  | $ | 17,100 |  |  | $ | 25,100 |
Fixed rate advances are payable at maturity, with a prepayment penalty. The advances were collateralized by mortgage loans with a carrying value totaling approximately $270.8 million and $242.7 million at December 31, 2017 and 2016, respectively. In addition to the fixed rate advances, the Bancorp maintains a $20.0 million line of credit with the Federal Home Loan Bank of Indianapolis. There was a $3.2 million balance on the line of credit at December 31, 2017 compared to $28 thousand balance on the line of credit at December 31, 2016. Other borrowings at December 31, 2017 and 2016 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 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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