Repurchase Agreements

12 Months Ended

Dec. 31, 2017

Text Block [Abstract]

Repurchase Agreements

(7) Repurchase Agreements:

At December 31, 2017, the Company provided investment securities with a market value of $38.4 million as collateral for repurchase agreements. The maximum repurchase balance outstanding during the year ended December 31, 2017 and December 31, 2016 was $46.8 million and $54.8 million, respectively.

At December 31, 2017 and December 31, 2016, the respective cost and maturities of the Company’s repurchase agreements are as follows:

2017	Balance		Average Rate			Maturity
Various customers	$	38,353		1.24	%		Overnight
Total	$	38,353		1.24	%

2016	Balance		Average Rate			Maturity
Various customers	$	47,655		0.91	%		Overnight
Total	$	47,655		0.91	%