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Securities Sold Under Repurchase Agreements

12 Months Ended

Dec. 31, 2013

Securities Sold under Agreements to Repurchase [Abstract]

Securities Sold Under Repurchase Agreements

Note 11: Securities Sold Under Repurchase Agreements

($ in thousands)		2013				2012
Securities Sold Under Repurchase Agreements		$	14,696			$	10,333

State Bank has retail repurchase agreements to facilitate cash management transactions with commercial customers.  These obligations are secured by agency and mortgage-backed securities and such collateral is held by Wilmington Trust Company.  At December 31, 2013, retail repurchase agreements totaled $14.7 million.  The maximum amount of outstanding agreements at any month end during 2013 and 2012 totaled $15.0 million and $15.0 million, respectively, and the monthly average of such agreements totaled $12.0 million and $12.6 million, respectively.  The agreements at December 31, 2013 and 2012 mature within one month.

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Securities Sold Under Repurchase Agreements.

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