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Other Borrowings | 12 Months Ended
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Dec. 31, 2016
Other Borrowings [Abstract] |
Other Borrowings | ﻿ Note 11 – Other borrowings Other borrowings consist ed of the following at December 31, 201 6 and 201 5: ﻿
﻿ |  |  |
﻿ | As of December 31,
Short Term: | 201 6 |  | 201 5
Federal funds purchased |  |  |
﻿Balance at end of year | $ - |  | $ -
﻿Maximum month-end outstanding balance | 6,265 |  | 814
﻿Average outstanding balance during the year | 371 |  | 184
﻿Average interest rate during the year | 1.08% |  | 1.09%
﻿Average interest rate at end of year | N/A |  | N/A
﻿ FHLB Borrowings: |  |  |
Federal Home Loan Bank advances |  |  |
﻿Balance at end of year | $ - |  | $ -
Maximum month-end outstanding balance | - |  | 12,000
﻿Average outstanding balance during the year | - |  | 2,269
﻿Average interest rate during the year | N/A |  | 1.23%
﻿Average interest rate at end of year | N/A |  | N/A
﻿ Short-term borrowings may consist of securities sold under agreements to repurchase, which are secured transactions with customers and generally mature the day following the date sold. Short-term borrowings may also include Federal funds purchased, which are unsecured overnight borrowings from other financial institutions. ﻿ Unsecured federal fund lines and their respective limits are maintained with the following institutions: Community Bankers’ Bank, $11,000, Zions Bank, $4,000, PNC Bank, $6,000 and Suntrust Bank, $3,000. In addition, the Bank maintains a $5,000 reverse repurchase agreement with Suntrust whereby securities may be pledged as collateral in exchange for funds for a minimum of 30 days with a maximum of 90 days. The Bank also maintains a secured federal funds line with Community Bankers’ Bank whereby it may pledge securities as collateral with no specified minimum or maximum amount or term. ﻿ The Bank is also a member of the Federal Home Loan Bank of Atlanta (“FHLBA”). The Bank’s avai lable credit through the FHLBA wa s $143,615 as of December 31, 201 6, the most recent calculation. The Bank must pledge collateral in order to access the FHLBA available credit. Currently the Bank has pledged to the FHLBA approximately $39,500 in 1-4 family residential mortgages which, after adjustments for the loan-to-value requirements by the FHLBA, would allow the Bank to access up to $31,249 in credit without pledging any additional collateral. ﻿ As of December 31, 2016, and 2015 there are no outstanding balances on any of the credit facilities mentioned above.

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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 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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