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Short-Term Borrowings

12 Months Ended

Dec. 31, 2017

Short-Term Borrowings [Abstract]

Short-Term Borrowings

Note 10: Short-Term Borrowings

($ in thousands)		2017				2016
Securities Sold Under Repurchase Agreements		$	15,082			$	10,532

State Bank has retail repurchase agreements to facilitate cash management transactions with commercial customers. Securing these obligations are agency securities ($4.3 and $5.1 million for 2017 and 2016 respectively) and mortgage-backed securities ($14.8 and $9.5 million for 2017 and 2016 respectively), which is held at the Federal Home Loan Bank. This collateral has maturities from 2018 through 2042. At December 31, 2017, retail repurchase agreements totaled $15.1 million. The maximum amount of outstanding agreements at any month end during 2017 and 2016 totaled $18.4 and $20.6 million, respectively, and the monthly average of such agreements totaled $12.4 and $15.0 million, respectively. The retail repurchase agreements mature within one month.

At December 31, 2017 and December 31, 2016, State Bank had $38.0 and $23.0 million, respectively, in federal funds lines, of which none were drawn.

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- Definition

The entire disclosure for short-term debt.

+ 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

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