Repurchase Agreements and Other Borrowings

6 Months Ended

Jun. 30, 2014

Repurchase Agreements and Other Borrowings [Abstract]

Repurchase Agreements and Other Borrowings

Securities sold under agreements to repurchase were $95.2 million at June 30, 2014, a decrease of $24.0 million from $119.2 million at December 31, 2013. The decrease during the first six months of 2014 was primarily due to declines in balances of a few customers due to changes in cash flow needs for their businesses.

FHLB borrowings decreased $10 million to $10 million at June 30, 2014 from $20 million at December 31, 2013 due to the maturity of one $10 million short-term advance. At June 30, 2014 the advances were as follows:


•	$5 million advance with a 2-year maturity, at .57%, due August 26, 2015


•	$5 million advance with a 10-year maturity, at 4.58%, due July 14, 2016, on year lockout, callable quarterly