Note 8 - Federal Funds Purchased and Other Short-term Borrowings

12 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Short-term Debt [Text Block]

8. Federal Funds Purchased and Other Short-term Borrowings

Federal funds purchased and other short-term borrowings represent borrowings with an original maturity of less than one year. All of the Company’s short-term borrowings are made up of federal funds purchased and securities sold under agreements to repurchase, which represent borrowings that generally mature one business day following the date of the transaction. Information on federal funds purchased and other short-term borrowings is as follows:

December 31, (Dollars in thousands)	2014			2013
Federal funds purchased and securities sold under agreement to repurchase	$	28,590		$	29,123
Total short-term	$	28,590		$	29,123
Average balance during the year	$	30,428		$	29,440
Maximum month-end balance during the year		33,568			32,885
Average interest rate during the year		.18	%		.25	%
Average interest rate at year-end		.16			.25