XML 33 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Securities Sold Under Repurchase Agreements
 12 Months Ended
Dec. 31, 2015
Securities Sold Under Repurchase Agreements [Abstract]  
Securities Sold Under Repurchase Agreements

Note 10: Securities Sold Under Repurchase Agreements

 

($ in thousands) 2015  2014 
         
Securities Sold Under Repurchase Agreements $12,406  $12,740 

 

At December 31, 2015 and December 31, 2014, State Bank had $15.0 and $14.0 million, respectively, in federal funds lines, of which $0.0 million were 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 the Federal Home Loan Bank. The maximum amount of outstanding agreements at any month end during 2015 and 2014 totaled $20.3 and $20.6 million, respectively, and the monthly average of such agreements totaled $15.7 and $17.1 million, respectively. The agreements mature within one month.