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OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2015
OTHER BORROWINGS  
Schedule of other borrowings

 

 

 

 

 

 

 

 

December 31

    

2015

    

2014

 

Other borrowings consisted of the following at year-end:

 

 

 

 

 

 

 

Securities sold under repurchase agreements

 

$

28,363

 

$

18,349

 

Federal funds purchased

 

 

 —

 

 

8,000

 

Total other borrowings

 

$

28,363

 

$

26,349

 

 

Summary of securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

 

 

 

    

2015

    

2014

    

2013

 

Average daily balance during the year

 

$

26,723

 

$

25,006

 

$

29,132

 

Average interest rate during the year

 

 

0.15

%  

 

0.18

%  

 

0.17

%

Maximum month-end balance during the year

 

$

34,439

 

$

32,203

 

$

31,479

 

Weighted average interest rate at year-end

 

 

0.15

%  

 

0.14

%  

 

0.18

%