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Securities Sold Under Agreements to Repurchase (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016 and December 31, 2015. All of the repurchase agreements are overnight agreements.

 

     December 31, 2016      December 31, 2015  

Securities pledged for repurchase agreements:

     

U.S. Treasury securities

   $ 1,761      $ 894  

Obligations of U.S. government agencies

     27,164        24,146  
  

 

 

    

 

 

 

Total securities pledged

   $ 28,925      $ 25,040  
  

 

 

    

 

 

 

Gross amount of recognized liabilities for repurchase agreements

   $ 28,925      $ 25,040  
  

 

 

    

 

 

 

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:

 

     2016     2015     2014  

Outstanding balance at year end

   $ 28,925     $ 25,040     $ 21,613  

Average balance during the year

     21,767       20,086       19,759  

Average interest rate during the year

     0.10     0.10     0.10

Maximum month-end balance during the year

   $ 28,925     $ 25,040     $ 33,764  

Weighted average interest rate at year end

     0.10     0.10     0.10