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Short-Term Borrowings
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Short-Term Borrowings

NOTE 10 – SHORT-TERM BORROWINGS

Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows:

 

    At December 31, 2015     At December 31, 2014  
    Federal           Federal        
    Funds     Short-term     Funds     Short-term  
    Purchased     Borrowings     Purchased     Borrowings  

Outstanding balance at year end

   $ —        $ 53,700      $ —        $ 42,700   

Maximum indebtedness during the year

     —          64,700        —          42,700   

Average balance during the year

     69        26,880        41        1,951   

Average rate paid during the year

     0.53 %      0.20 %      0.54 %      0.19 % 

Interest rate on year end balance

     —          0.35 %      —          0.14 % 
    At December 31, 2013              
    Federal                    
    Funds     Short-term              
    Purchased     Borrowings        

Outstanding balance at year end

   $ —        $ —       

Maximum indebtedness during the year

     —          —       

Average balance during the year

     28        —       

Average rate paid during the year

     0.53 %      —       

Interest rate on year end balance

     —          —       

Outstanding during the year represent daily averages. Average interest rates represent interest expense divided by the related average balances.

These borrowing transactions can range from overnight to six months in maturity. The average maturity was one day at both December 31, 2015 and December 31, 2014.