Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS (Tables)

v3.6.0.2
SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2016
Short Term Borrowings [Abstract]  
Schedule of Short-term borrowings
(Dollars in Thousands) Federal Funds Purchased Securities Sold Under Repurchase Agreements(1) Other Short-Term Borrowings(2)
2016
Balance at December 31 $ - $ 6,490 $ 6,259
Maximum indebtedness at any month end - 74,911 7,961
Daily average indebtedness outstanding 11 32,732 4,019
Average rate paid for the year 1.00 % 0.05 % 3.28 %
Average rate paid on period-end borrowings - % 0.05 % 3.05 %
2015
Balance at December 31 $ - $ 60,977 $ 81
Maximum indebtedness at any month end - 64,935 2,003
Daily average indebtedness outstanding 12 57,689 780
Average rate paid for the year 0.74 % 0.05 % 3.98 %
Average rate paid on period-end borrowings - % 0.05 % 5.23 %
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 %
(1) Balances are fully collateralized by government treasury or agency securities held in the Company's investment portfolio.
(2) Comprised of FHLB advances ($3.3 million) and line of credit advance ($3.0 million).