Repurchase Agreements and Other Borrowings

3 Months Ended

Mar. 31, 2015

Repurchase Agreements and Other Borrowings [Abstract]

Repurchase Agreements and Other Borrowings

Securities sold under agreements to repurchase were $116.6 million at March 31, 2015, a decrease of $5.3 million from $121.9 million at December 31, 2014. The decrease during the first three months of 2015 was primarily due to declines in balances of a few customers due to changes in cash flow needs for their businesses.

FHLB borrowings increased $5 million to $25 million at March 31, 2015 from $20 million at December 31, 2014. At March 31, 2015 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, one year lockout, callable quarterly


•	$5 million advance with a 6-year maturity, at 2.30%, due August 24, 2020


•	$5 million advance with a 7-year maturity, at 2.55% due October 1, 2021


•	$5 million advance with a 8-year maturity, at 2.40% due January 9, 2023