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Borrowings (Tables)
12 Months Ended
Dec. 31, 2013
Borrowings [Abstract]  
Schedule of Borrowings

Borrowings consist of the following (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

December 31, 2012

 

 

December 31, 2011

 

 

For the year 2013

 

 

Outstanding Balance

Rate

 

 

Outstanding Balance

Rate

 

 

Outstanding Balance

Rate

 

 

Average Balance

Weighted Average Rate

Securities sold under agreements to repurchase

$

5,397 
0.10% 

 

$

3,836 
0.10% 

 

$

3,500 
0.10% 

 

$

4,332 
0.10% 

Short-term borrowings - Federal Home Loan Bank overnight advances

 

8,400 
0.25% 

 

 

1,600 
0.25% 

 

 

 -

 

 

 

3,200 
0.25% 

 

$

13,797 
0.19% 

 

$

5,436 
0.14% 

 

$

3,500 
0.10% 

 

$

7,532 
0.16%