SHORT-TERM BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2017

Summary of outstanding balances and related information for short-term borrowings

The outstanding balances and related information for short-term borrowings are summarized as follows at December 31, 2017, 2016, and 2015:



(In Thousands)	2017			2016			2015
Repurchase Agreements:
Balance at year end	$	7,878		$	13,241		$	18,334
Maximum amount outstanding at any month end	13,782			17,827			18,614
Average balance outstanding during the year	10,425			15,394			15,834
Weighted-average interest rate:
At year end	0.13		%	0.16		%	0.21		%
Paid during the year	0.14		%	0.18		%	0.21		%
Overnight:
Balance at year end	$	92,870		$	—		$	28,304
Maximum amount outstanding at any month end	92,870			24,346			42,760
Average balance outstanding during the year	15,559			3,124			23,075
Weighted-average interest rate:
At year end	1.54		%	—		%	0.43		%
Paid during the year	1.41		%	0.57		%	0.36		%

Summary of remaining contractual maturity of repurchase agreements

The remaining contractual maturity of repurchase agreements in the consolidated balance sheets as of December 31, 2017 and December 31, 2016 is presented in the following tables.



	2017		2016
	Remaining Contractual Maturity of the Agreements
(In Thousands)	Overnight and Continuous		Overnight and Continuous
Repurchase Agreements:
U.S. Government and agency securities	$	—	$	—
Mortgage-backed securities	1,898		6,684
Asset-backed securities	—		109
State and political securities	6,894		5,241
Other debt securities	8,662		8,866
Total carrying value of collateral pledged	$	17,454	$	20,900

Total liability recognized for repurchase agreements	$	7,878	$	13,241