Short-Term Borrowings

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Short-Term Borrowings

Short-Term Borrowings

Short-term borrowings at March 31, 2016 and December 31, 2015 are as follows (dollars in thousands):

	March 31, 2016				December 31, 2015
	Amount		Rate		Amount		Rate
Line of credit	$	—	—	%	$	13,187	1.00	%
FHLB short-term advance	—		—	%	10,000		0.35	%
Repurchase agreements	11,668		0.10	%	14,200		0.10	%
	$	11,668	0.10	%	$	37,387	0.48	%

Repurchase agreements are an option customers may use in managing their cash positions and mature the next business day after issuance. Repurchase agreements at March 31, 2016 and December 31, 2015 were secured by U.S. Agency notes and such collateral securities were held by the Federal Reserve Bank.