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Securities Sold Under Repurchase Agreements
 12 Months Ended
Dec. 31, 2016
Securities Sold Under Repurchase Agreements [Abstract]  
Securities Sold Under Repurchase Agreements

Note 10: Securities Sold Under Repurchase Agreements

 

($ in thousands) 2016  2015 
         
Securities Sold Under Repurchase Agreements $10,532  $12,406 

 

State Bank has retail repurchase agreements to facilitate cash management transactions with commercial customers. Securing these obligations are agency ($5.1 and $4.9 million for 2016 and 2015 respectively) and mortgage-backed securities ($9.5 and $11.0 million for 2016 and 2015 respectively), which is held at the Federal Home Loan Bank. This collateral has maturities from 2018 through 2042. At December 31, 2016, retail repurchase agreements totaled $10.5 million. The maximum amount of outstanding agreements at any month end during 2016 and 2015 totaled $20.6 and $20.3 million, respectively, and the monthly average of such agreements totaled $15.0 and $17.1 million, respectively. The retail repurchase agreements mature within one month.

 

At December 31, 2016 and December 31, 2015, State Bank had $23.0 and $15.0 million, respectively, in federal funds lines, of which $0.0 million were drawn.