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Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Short-term borrowings
Short-term borrowings as of December 31 are summarized as follows:
 
 
2014
 
2013
Securities sold under agreements to repurchase
$
6,103

 
$
2,061

Fed Funds purchased
26,300

 
222

Total short-term borrowings
$
32,403

 
$
2,283

Average balances and cost of funds of short-term borrowings
The average balances and cost of funds of short-term borrowings for the years ending December 31 are summarized as follows:
 
 
Average Balances
 
Cost of Funds
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Federal funds purchased
$
17,899

 
$
8,072

 
$
4,346

 
0.17
%
 
0.17
%
 
0.15
%
Securities sold under agreements to repurchase
4,334

 
5,107

 
8,031

 
0.15

 
0.17

 
0.18

Total short-term borrowings
$
22,233

 
$
13,179

 
$
12,377

 
0.17
%
 
0.17
%
 
0.17
%