Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS

v2.4.1.9
SHORT-TERM BORROWINGS
 12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS

Note 8

SHORT-TERM BORROWINGS

 

Short-term borrowings included the following:

 

(Dollars in Thousands)   Federal
Funds
Purchased		     Securities
Sold Under
Repurchase
Agreements(1)		     Other
Short-Term
Borrowings(2)		  
2014                        
Balance at December 31   $ —     $ 47,411     $ 2,014  
Maximum indebtedness at any month end     —       47,413       2,035  
Daily average indebtedness outstanding     11       42,877       1,514  
Average rate paid for the year     0.76 %     0.05 %     3.76 %
Average rate paid on period-end borrowings     — %     0.05 %     3.76 %
                         
2013                        
Balance at December 31   $ —     $ 47,312     $ 4,009  
Maximum indebtedness at any month end     —       55,261       8,929  
Daily average indebtedness outstanding     11       48,337       5,573  
Average rate paid for the year     0.76 %     0.05 %     3.79 %
Average rate paid on period-end borrowings     — %     0.05 %     3.25 %
                         
2012                        
Balance at December 31   $ —     $ 40,639     $ 6,796  
Maximum indebtedness at any month end     —       62,458       6,991  
Daily average indebtedness outstanding     —       47,485       4,679  
Average rate paid for the year     — %     0.05 %     3.68 %
Average rate paid on period-end borrowings     — %     0.05 %     3.69 %

 

  (1) Balances are fully collateralized by government treasury or agency securities held in the Company’s investment portfolio.
  (2) Comprised of FHLB debt.