SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

12 Months Ended

Dec. 31, 2017

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 9 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Securities sold under agreements to repurchase generally mature within one to ninety days from the transaction date.  Information concerning securities sold under agreements to repurchase is summarized as follows:

	2017			2016
Year-end balance	$	23,310		$	23,820
Average balance during the year	$	22,845		$	24,573
Average interest rate during the year		0.13	%		0.14	%
Maximum month-end balance during the year	$	25,116		$	33,956
Weighted average interest rate at year-end		0.13	%		0.09	%