Securities Sold Under Agreements To Repurchase

The following table presents information regarding securities sold under agreements to repurchase at December 31, 2014 and 2013:



(dollars in thousands)			Weighted		Carrying		Market
			Average		Value of		Value of
	Repurchase		Interest		Underlying		Underlying
	Amount		Rate		Assets		Assets
December 31, 2014	$	313,321	0.04	%	$	411,569	$	411,569
December 31, 2013	$	224,882	0.07	%	$	229,439	$	229,439

The securities underlying agreements to repurchase entered into by the Bank are for the same securities originally sold, with a one-day maturity. In all cases, the Bank maintains control over the securities. Securities sold under agreements to repurchase averaged approximately $189.5 million, $177.9 million, and $142.4 million for the years ended December 31, 2014, 2013 and 2012, respectively. The maximum amount outstanding at any month end for the years ended December 31, 2014, 2013 and 2012, was $313.3 million, $233.8 million, and $166.3 million, respectively. Investment securities are pledged as collateral in an amount equal to or greater than the repurchase agreements.