SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Repurchase Agreements [Abstract]

Summary of securities sold under agreements to repurchase

A summary of securities sold under agreements to repurchase as of March 31, 2016 and December 31, 2015 is as follows (in thousands):

	March 31, 2016
	Overnight and Continuous		Up to 1 Year		1 - 3 Years		3+ Years		Total
Obligations of U.S. Government and U.S. Government sponsored enterprises	$	—	$	1,786	$	1,107	$	—	$	2,893
Mortgage-backed securities, residential	17,475		8,884		12,009		—		38,368
Total	$	17,475	$	10,670	$	13,116	$	—	41,261
Excess collateral held									(12,436		)
Gross amount of recognized liabilities for repurchase agreements									$	28,825

	December 31, 2015
	Overnight and Continuous		Up to 1 Year		1 - 3 Years		3+ Years		Total
Obligations of U.S. Government and U.S. Government sponsored enterprises	$	12,163	$	1,781	$	9,323	$	—	$	23,267
Mortgage-backed securities, residential	8,280		9,174		3,135		—		20,589
Total	$	20,443	$	10,955	$	12,458	$	—	43,856
Excess collateral held									(15,403		)
Gross amount of recognized liabilities for repurchase agreements									$	28,453