Securities Sold Under Agreements to Repurchase (Tables)

9 Months Ended

Sep. 30, 2015

Securities Sold Under Agreements to Repurchase

Schedule of distribution of securities sold under agreements to repurchase and weighted average interest rates

	September 30, 2015			December 31, 2014
	(dollars in thousands)
Balance at end of period	$	176,961		$	198,893
Weighted average interest rate at end of period	0.11		%	0.14		%
Maximum outstanding at any month end in year-to-date period	$	191,531		$	198,893
Average daily balance for the year-to-date period	$	177,937		$	148,452
Weighted average interest rate during period (1)	0.10		%	0.12		%

(1)The weighted average interest rate is computed by dividing total annualized interest for the year-to-date period by the average daily balance outstanding.