SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2016 and December 31, 2015 is as follows (in thousands):

	June 30, 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	$	—		$	1,789		$	1,507		$	—	$	3,296
Mortgage-backed securities, residential	17,119			11,247			11,205			—		39,571
Total	17,119			13,036			12,712			$	—	42,867
Excess collateral held	(8,341		)	(3,036		)	(2,712		)	—		(14,089		)
Gross amount of recognized liabilities for repurchase agreements	$	8,778		$	10,000		$	10,000		$	—	$	28,778

	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	(11,990		)	(955		)	(2,458		)	—		(15,403		)
Gross amount of recognized liabilities for repurchase agreements	$	8,453		$	10,000		$	10,000		$	—	$	28,453