Securities Sold Under Agreements to Repurchase

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Securities Sold Under Agreements to Repurchase

11.     Securities Sold Under Agreements to Repurchase

The following is a summary of securities sold under agreements to repurchase as of December 31,

	2014			2013			2012
(dollars in thousands)
Amount outstanding at December 31	$	212,360		$	214,440		$	191,390
Weighted average rate at December 31		0.18	%		0.18	%		0.17	%
Maximum amount outstanding at any month end	$	243,750		$	214,440		$	213,730
Daily average balance outstanding during the year	$	216,937		$	203,888		$	174,624
Weighted average rate during the year		0.18	%		0.18	%		0.21	%

Amounts outstanding at December 31, 2014, 2013 and 2012 carried maturity dates of the next business day. U.S. Government Sponsored Enterprise securities with a total amortized cost of $213,817,000, $216,747,000 and $187,995,000 were pledged as collateral and held by custodians to secure the agreements at December 31, 2014, 2013 and 2012, respectively. The approximate fair value of the collateral at those dates was $212,255,000, $213,350,000, and $191,704,000, respectively.