Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2014

Borrowed funds consist of the following obligations as of:



	September 30, 2014				December 31, 2013
	Amount		Rate		Amount		Rate
FHLB advances	$	182,000	1.94	%	$	162,000	2.02	%
Securities sold under agreements to repurchase without stated maturity dates	89,535		0.13	%	106,025		0.13	%
Securities sold under agreements to repurchase with stated maturity dates	1,203		4.24	%	11,301		3.30	%
Federal funds purchased	17,700		0.56	%	—		—
Total	$	290,438	1.31	%	$	279,326	1.35	%

Federal Home Loan Bank, Advances

The following table lists the maturity and weighted average interest rates of FHLB advances as of:



	September 30, 2014				December 31, 2013
	Amount		Rate		Amount		Rate
Fixed rate advances due 2014	$	10,000	0.48	%	$	10,000	0.48	%
Fixed rate advances due 2015	42,000		0.72	%	32,000		0.84	%
Fixed rate advances due 2016	10,000		2.15	%	10,000		2.15	%
Fixed rate advances due 2017	30,000		1.95	%	30,000		1.95	%
Fixed rate advances due 2018	40,000		2.35	%	40,000		2.35	%
Fixed rate advances due 2019	20,000		3.11	%	20,000		3.11	%
Fixed rate advances due 2020	10,000		1.98	%	10,000		1.98	%
Fixed rate advances due 2021	10,000		2.37	%	—		—
Fixed rate advances due 2023	10,000		3.90	%	10,000		3.90	%
Total	$	182,000	1.94	%	$	162,000	2.02	%

Schedule of maturity and weighted average interest rates

The following table lists the maturity and weighted average interest rates of securities sold under agreements to repurchase with stated maturity dates as of:



	September 30 2014				December 31 2013
	Amount		Rate		Amount		Rate
Repurchase agreements due 2014	$	750	4.89	%	$	10,876	3.30	%
Repurchase agreements due 2015	436		3.25	%	425		3.25	%
Repurchase agreements due 2018	17		1.00	%	—		—
Total	$	1,203	4.24	%	$	11,301	3.30	%

Summary of short term borrowings

The following table provides a summary of securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount Window advances borrowings for the three and nine month periods ended:



	Three Months Ended September 30, 2014						Three Months Ended September 30, 2013
	Maximum Month End Balance		Average Balance		Weighted Average Interest Rate During the Period		Maximum Month End Balance		Average Balance		Weighted Average Interest Rate During the Period
Securities sold under agreements to repurchase without stated maturity dates	$	91,472	$	88,906	0.13	%	$	81,405	$	78,148	0.15	%
Federal funds purchased	17,700		2,252		0.48	%	6,300		5,052		0.62	%



	Nine Months Ended September 30, 2014						Nine Months Ended September 30, 2013
	Maximum Month End Balance		Average Balance		Weighted Average Interest Rate During the Period		Maximum Month End Balance		Average Balance		Weighted Average Interest Rate During the Period
Securities sold under agreements to repurchase without stated maturity dates	$	94,741	$	91,231	0.13	%	$	81,405	$	69,224	0.15	%
Federal funds purchased	17,700		4,939		0.48	%	13,700		4,133		0.57	%

Summary of pledged financial instruments

We had pledged trading securities, AFS securities, and 1-4 family residential real estate loans in the following amounts at:



	September 30 2014		December 31 2013
Pledged to secure borrowed funds	$	278,512	$	320,173
Pledged to secure repurchase agreements	139,350		148,930
Pledged for public deposits and for other purposes necessary or required by law	18,791		20,922
Total	$	436,653	$	490,025