SECURITIES SOLD UNDER REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016, 2015 and 2014:

	As of and For the Years Ended December 31,
	2016			2015			2014
	(dollars in thousands)
Average daily balance during the year	$	44,324		$	50,988		$	47,136
Average interest rate during the year		0.22	%		0.34	%		0.35	%
Maximum month-end balance during the year	$	56,203		$	68,300		$	73,310
Weighted average interest rate at year-end		0.19	%		0.30	%		0.31	%

The following is a summary of the Company’s securities sold under agreements to repurchase at December 31, 2016 and 2015:

(dollars in thousands)	December 31, 2016		December 31, 2015
Securities sold under agreements to repurchase	$	53,505	$	63,585