Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Banking And Thrift [Abstract]

Contractual Maturity Information Regarding Repurchase Agreements

The Company uses repurchase agreements to finance purchases of securities.  These repurchase agreements are collateralized by the Company’s securities and typically bear interest at rates that are closely related to LIBOR.  At December 31, 2015 and 2014, the Company had repurchase indebtedness outstanding with 25 counterparties, with a weighted-average remaining contractual maturity of 0.9 and 1.0 months, respectively.

The following table presents the contractual maturity information regarding the Company’s repurchase agreements:

	December 31, 2015					December 31, 2014
			Weighted Average					Weighted Average
	Balance		Contractual Rate			Balance		Contractual Rate
Within 30 days	$	12,693,883		0.64	%	$	13,770,099		0.35	%
30 days to 3 months		-		0.00	%		1,489,732		0.36	%
3 months to 36 months		750,000		0.75	%		500,000		0.53	%
	$	13,443,883		0.65	%	$	15,759,831		0.36	%