SECURITIES SOLD UNDER REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Brokers and Dealers [Abstract]

Summary of Securities Sold Under Repurchase Agreements

The following is a summary of securities sold under repurchase agreements for the years ended December 31, 2015, 2014 and 2013:

	As of and For the Years Ended  December 31,
	2015			2014			2013
	(Dollars in Thousands)
Average daily balance during the year	$	50,988		$	47,136		$	26,908
Average interest rate during the year		0.34	%		0.35	%		0.54	%
Maximum month-end balance during the year	$	68,300		$	73,310		$	83,516
Weighted average interest rate at year-end		0.30	%		0.31	%		0.57	%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2015 and 2014:

(Dollars in Thousands)	December 31, 2015		December 31, 2014
Securities sold under agreements to repurchase	$	63,585	$	73,310
Total	$	63,585	$	73,310