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OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2014
OTHER BORROWINGS  
Schedule of other borrowing

 

                                                                                                                                                                                    

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 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of securities sold under agreements to repurchase

 

                                                                                                                                                                                    

 

 

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 

%