OTHER BORROWINGS

12 Months Ended

Dec. 31, 2014

OTHER BORROWINGS

OTHER BORROWINGS

NOTE 11 — OTHER BORROWINGS

December 31	2014		2013
Other borrowings consisted of the following at year-end:
Securities sold under repurchase agreements	$	18,349	$	29,394
Federal funds purchased		8,000		9,200
Total other borrowings	$	26,349	$	38,594

       Securities sold under repurchase agreements ("agreements") consist of obligations secured by securities issued by government-sponsored entities, and a safekeeping agent holds such collateral. The majority of the agreements at December 31, 2014 mature within 30 days.

       Information concerning securities sold under agreements to repurchase is summarized as follows:

	2014			2013			2012
Average daily balance during the year	$	25,006		$	29,132		$	28,243
Average interest rate during the year		0.18	%		0.17	%		0.34	%
Maximum month-end balance during the year	$	32,203		$	31,479		$	30,974
Weighted average interest rate at year-end		0.14	%		0.18	%		0.20	%