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Securities Sold Under Agreements to Repurchase and Other Short Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2016
Securities Sold Under Agreements to Repurchase and Other Short Term Borrowings [Abstract]  
Securities Sold Under Agreements To Repurchase [Table Text Block]
Total securities sold under agreement to repurchase are summarized as follows:
 
 
 
Years Ended December 31
 
 
 
2016
 
 
2015
 
 
 
(In Thousands, Except Percentages)
 
Securities sold under agreement to repurchase
 
 
 
 
 
 
 
 
Amounts outstanding at year-end
 
$
31,816
 
 
$
57,188
 
Year-end interest rate
 
 
0.22
%
 
 
0.27
%
Average daily balance during year
 
 
52,821
 
 
 
54,632
 
Maximum month-end balance during the year
 
 
57,984
 
 
 
60,272
 
Average interest rate during the year
 
 
0.26
%
 
 
0.28
%
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block]
The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheets as of December 31, 2016 and 2015 is presented in the following tables.
 
 
 
 
 
 
 
 
 
Greater
 
 
 
 
 
Overnight and
 
Up to 30
 
 
 
than 90
 
 
 
 
 
Continuous
 
Days
 
30-90 Days
 
Days
 
Total
 
At December 31, 2016
 
 
 
(In Thousands)
 
Repurchase agreements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities – residential
 
$
21,222
 
$
-
 
$
-
 
$
-
 
$
21,222
 
Collateralized mortgage obligations
 
 
10,594
 
 
-
 
 
-
 
 
-
 
 
10,594
 
Total borrowings
 
$
31,816
 
$
-
 
$
-
 
$
-
 
$
31,816
 
Gross amount of recognized liabilities for repurchase agreements
 
 
 
 
 
 
 
 
 
 
 
 
 
$
31,816
 
 
 
 
 
 
 
 
 
 
Greater
 
 
 
 
 
Overnight and
 
Up to 30
 
 
 
than 90
 
 
 
 
 
Continuous
 
Days
 
30-90 Days
 
Days
 
Total
 
At December 31, 2015
 
 
 
(In Thousands)
 
Repurchase agreements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities – residential
 
$
23,998
 
$
-
 
$
-
 
$
-
 
$
23,998
 
Collateralized mortgage obligations
 
 
33,190
 
 
-
 
 
-
 
 
-
 
 
33,190
 
Total borrowings
 
$
57,188
 
$
-
 
$
-
 
$
-
 
$
57,188
 
Gross amount of recognized liabilities for repurchase agreements
 
 
 
 
 
 
 
 
 
 
 
 
 
$
57,188