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Securities Sold Under Agreements To Repurchase
12 Months Ended
Dec. 31, 2015
Securities Sold Under Agreements To Repurchase [Abstract]  
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 7 — SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

At December 31, 2015 and 2014 the Bank had sold $113,080 and $153,603, respectively, of securities under agreements to repurchase with brokers with a weighted rate of 0.10% and 0.10%, respectively that mature in less than 90 days. These agreements were secured with approximately $107,000 and $130,000 of investment securities, respectively. The securities, under agreements to repurchase, averaged $98,636 during 2015, with $354,739 being the maximum amount outstanding at any month-end. The average rate paid in 2015 was 0.10%. The securities, under agreements to repurchase, averaged $110,307 during 2014, with $221,467 being the maximum amount outstanding at any month-end. The average rate paid in 2014 was 0.10%.