Repurchase Agreements and Other Borrowings

9 Months Ended

Sep. 30, 2014

Repurchase Agreements and Other Borrowings [Abstract]

Repurchase Agreements and Other Borrowings

Securities sold under agreements to repurchase were $88.1 million at September 30, 2014, a decrease of $31.1 million from $119.2 million at December 31, 2013. The decrease during the first nine months of 2014 was primarily due to declines in balances of a few customers due to changes in cash flow needs for their businesses.

FHLB borrowings decreased $5 million to $15 million at September 30, 2014 from $20 million at December 31, 2013. At September 30, 2014 the advances were as follows:


•	$5 million advance with a 2-year maturity, at .57%, due August 26, 2015


•	$5 million advance with a 10-year maturity, at 4.58%, due July 14, 2016, one year lockout, callable quarterly


•	$5 million advance with a 6-year maturity, at 2.30%, due August 24, 2020