SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 10 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Salisbury enters into overnight and short-term repurchase agreements with its customers. Securities sold under repurchase agreements are as follows:

December 31, (dollars in thousands)		2014			2013
Repurchase agreements, ending balance	$	4,163		$	2,554
Repurchase agreements, average balance during period		4,598			3,035
Book value of collateral		10,034			11,020
Market value of collateral		10,729			11,106
Weighted average rate during period		0.18	%		0.19	%
Weighted average maturity		1 day			1 day