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Securities Sold Under Repurchase Agreements

12 Months Ended

Dec. 31, 2014

Securities Sold under Agreements to Repurchase [Abstract]

Securities Sold Under Repurchase Agreements

Note 11: Securities Sold Under Repurchase Agreements

	($ in thousands)		2014				2013
	Securities Sold Under Repurchase Agreements		$	12,740			$	14,696

At December 31, 2014, State Bank had $14.0 million in federal funds lines, of which $0.0 was drawn upon. At December 31, 2013, State Bank had $11.5 million in federal funds lines, of which $0.0 was drawn upon.

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 Federal Home Loan Bank. At December 31, 2014, retail repurchase agreements totaled $12.7 million. The maximum amount of outstanding agreements at any month end during 2014 and 2013 totaled $20.6 million and $15.0 million, respectively, and the monthly average of such agreements totaled $17.1 million and $12.0 million, respectively. The agreements at December 31, 2014 and 2013 mature within one month.

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Securities Sold Under Repurchase Agreements.

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