Other Short-Term Borrowings

12 Months Ended

Dec. 31, 2012

Other Short-Term Borrowings

Other Short-Term Borrowings

Note 8: Other Short-Term Borrowings

Short-term borrowings included the following at December 31, 2012 and 2011:

	2012		2011
	(In thousands)
Securities sold under repurchase agreements	$	7,077	$	5,278

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 periods ended December 31, 2012 and 2011 totaled $8.3 million and $6.2 million, respectively, and the average daily balance totaled $6.8 million and $5.6 million for years ended December 31, 2012 and 2011, respectively. The agreements at December 31, 2012, mature daily.