Short-Term Borrowings

6 Months Ended

Jun. 30, 2011

Short-Term Borrowings

Short-Term borrowings

Note F – Short-term borrowings

The components of short-term borrowings are summarized below:

( In thousands)	June 30, 2011	December 31, 2010
Security repurchase agreements	$     126,871	$     112,335
Short-term advances	328	375
Total short-term borrowings	$     127,199	$     112,710

                Securities sold under agreement to repurchase were sold to corporate and government customers as an alternative to available deposit products. The underlying securities included in repurchase agreements remain under the Company's control during the effective period of the agreements.