MONEY MARKET INVESTMENTS

12 Months Ended

Dec. 31, 2014

Money Market Investments [Abstract]

Money Market Investments [Text Block]

NOTE3–MONEY MARKET INVESTMENTS

Money market investments are composed of time deposits with other financial institutions and short-term investments with original maturities of three months or less.

Money market investments as of December 31, 2014 and 2013 were as follows:
	2014		2013
		Balance
		(Dollars in thousands)
Time deposits with other financial institutions, weighted average interest rate 0.18%
(2013- 0.20%)	$	300	$	300
Other short-term investments, weighted average interest rate of 0.15%
(2013 - weighted average interest rate of 0.34%)		16,661		201,069
	$	16,961	$	201,369

As of December 31, 2014 and 2013,the Corporation's money market investments that were pledged as collateral for interest rate swaps amounted to $0.20million.