DEPOSITS & REPURCHASE AGREEMENTS

3 Months Ended

Mar. 31, 2016

NOTE 6 — DEPOSITS & REPURCHASE AGREEMENTS


	March 31,		December 31,
	2016		2015
Non-interest-bearing demand	$	647,187	$	641,439
Interest-bearing demand		1,069,237		1,084,786
Savings		617,670		599,729
Certificates of deposit of $250 or more		68,163		73,493
Other certificates and time deposits		242,587		251,328
Total deposits	$	2,644,844	$	2,650,775

The Company has entered into repurchase agreements with some of its customers. The agreements are one day in length. At March 31, 2016, these agreements totaled $19,556 and were secured by a pledged amount of $46,600 of mortgage backed securities. Management monitors the fair value of the securities on a regular basis. If the fair value of the securities declined to an amount approximating these agreements, more securities would be pledged.