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Short-Term Borrowings
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Short-Term Borrowings

(9) SHORT-TERM BORROWINGS

The following is a summary of short-term borrowings:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(Dollars in thousands)

 

Federal funds purchased

 

$

500

 

 

$

500

 

Weighted average interest rate

 

 

0.38

%

 

 

0.15

%

End of period interest rate

 

 

0.63

%

 

 

0.38

%

 

Federal funds purchased represent borrowings of overnight funds from other financial institutions.