Note 7 - Federal Funds Purchased and Other Short-term Borrowings

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

Short-term Debt [Text Block]

7. Federal Funds Purchased and Other Short-term Borrowings

Federal funds purchased and other short-term borrowings represent borrowings with an original maturity of less than one year. All of the Company’s short-term borrowings are made up of federal funds purchased and securities sold under agreements to repurchase, which represent borrowings that generally mature one business day following the date of the transaction. Information on federal funds purchased and other short-term borrowings is as follows:

December 31, (Dollars in thousands)	2013			2012
Federal funds purchased and securities sold under agreement to repurchase	$	29,123		$	24,083
Total short-term	$	29,123		$	24,083
Average balance during the year	$	29,440		$	26,134
Maximum month-end balance during the year		32,885			31,632
Average interest rate during the year		.25	%		.37	%
Average interest rate at year-end		.25			.29