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Securities Sold Under Agreements to Repurchase (Tables)
12 Months Ended
Dec. 31, 2015
Brokers and Dealers [Abstract]  
Summary of Securities Pledged as Collateral Under Repurchase Agreements

The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of December 31, 2015 and December 31, 2014. All of the repurchase agreements are overnight agreements.

 

     December 31, 2015      December 31, 2014  

Securities pledged for repurchase agreements:

     

U.S. Treasury securities

   $ 894       $ 876   

Obligations of U.S. government agencies

     24,146         20,737   
  

 

 

    

 

 

 

Total securities pledged

   $ 25,040       $ 21,613   
  

 

 

    

 

 

 

Gross amount of recognized liabilities for repurchase agreements

   $ 25,040       $ 21,613   
  

 

 

    

 

 

 

Amounts related to agreements not included in offsetting disclosures above

   $ —         $ —     
  

 

 

    

 

 

Schedule of Securities Sold Under Agreements to Repurchase

Information concerning securities sold under agreements to repurchase was as follows:

 

     2015     2014     2013  

Outstanding balance at year end

   $ 25,040      $ 21,613      $ 20,053   

Average balance during the year

     20,086        19,759        20,749   

Average interest rate during the year

     0.10     0.10     0.10

Maximum month-end balance during the year

   $ 25,040      $ 33,764      $ 24,257   

Weighted average interest rate at year end

     0.10     0.10     0.10