Borrowings

Short-term borrowings at September 30, 2017 and December 31, 2016 are as follows (dollars in thousands):



	September 30, 2017				December 31, 2016
	Amount		Rate		Amount		Rate
FHLB short-term advance	$	30,000	1.18	%	$	25,000	0.63	%
Repurchase agreements	—		—	%	17,040		0.10	%
	$	30,000	1.18	%	$	42,040	0.42	%

The repurchase agreements product was discontinued during the third quarter 2017. Repurchase agreements were an option customers could use in managing their cash positions and matured the next business day after issuance. Repurchase agreements at December 31, 2016 were fully secured by U.S. Agency notes and such collateral securities were held by the Federal Reserve Bank.

All advances from the Federal Home Loan Bank ("FHLB") of Cincinnati, both long-term and short-term, are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $219 million and $229 million at September 30, 2017 and December 31, 2016, respectively. Additionally, LCNB is required to hold minimum levels of FHLB stock, based on the outstanding borrowings.