Other Short-Term Borrowings

9 Months Ended

Dec. 31, 2011

Other Short-Term Borrowings

Other Short-Term Borrowings

Note 8:Other Short-Term Borrowings

Short-term borrowings included at the following dates:

	December 31, 2011		March 31, 2011
	(In thousands)
Securities sold under repurchase agreements	$	5,278	$	6,373

Securities sold under agreements to repurchase consist of obligations of the Bank to other parties. The obligations are secured by available-for-sale securities and such collateral is held by the Bank. The maximum amount of outstanding agreements at any month end during fiscal period ended December 31, 2011 and March 31, 2011 totaled $6.2 million and $8.4 million, respectively, and the average daily balance totaled $5.6 million and $7.3 million for fiscal periods ended December 31, 2011 and March 31, 2011, respectively. The agreements at December 31, 2011, mature daily.