Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

6 Months Ended

Jun. 30, 2017

Brokers and Dealers [Abstract]

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase

NOTE 7 FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

The Company had $11 million and $17 million in Federal Funds Purchased as of June 30, 2017, and December 31, 2016, respectively. During the same time periods the company also had $29.1 million and $53.3 million in securities sold under agreement to repurchase.

	June 30, 2017
	Remaining Contratual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	11,014	$	—	$	—	$	—	$	11,014
Repurchase Agreements;
US Treasury & agency securities	$	8,370	$	—	$	—	$	20,711	$	29,081
	$	19,384	$	—	$	—	$	20,711	$	40,095
	December 31, 2016
	Remaining Contratual Maturity of the Agreements (In Thousands)
	Overnight & Continuous		Up to 30 days		30-90 days		Greater Than 90 days		Total
Federal funds purchased	$	17,000	$	—	$	—	$	—	$	17,000
Repurchase Agreements;
US Treasury & agency securities	$	32,814	$	—	$	—	$	20,510	$	53,324
	$	49,814	$	—	$	—	$	20,510	$	70,324