SHORT-TERM BORROWINGS

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

SHORT-TERM BORROWINGS

Note 7

SHORT-TERM BORROWINGS

Short-term borrowings included the following:

(Dollars in Thousands)	Federal Funds Purchased			Securities Sold Under Repurchase Agreements(1)			Other Short-Term Borrowings
2013
Balance at December 31	$	—		$	47,312		$	4,009	(2)
Maximum indebtedness at any month end		—			55,261			8,929
Daily average indebtedness outstanding		11			48,337			5,573
Average rate paid for the year		0.76	%		0.05	%		3.79	%
Average rate paid on period-end borrowings		—	%		0.05	%		3.25	%
2012
Balance at December 31	$	—		$	40,639		$	6,796	(2)
Maximum indebtedness at any month end		—			62,458			6,991
Daily average indebtedness outstanding		—			47,485			4,679
Average rate paid for the year		—	%		0.05	%		3.68	%
Average rate paid on period-end borrowings		—	%		0.05	%		3.69	%
2011
Balance at December 31	$	—		$	43,372		$	—
Maximum indebtedness at any month end		7,575			75,525			11,222
Daily average indebtedness outstanding		1,213			58,973			7,875
Average rate paid for the year		0.03	%		0.09	%		3.17	%
Average rate paid on period-end borrowings		—	%		0.05	%		—	%

⁽¹⁾ Balances are fully collateralized by government treasury or agency securities held in the Company’s investment portfolio.

⁽²⁾ Comprised of FHLB debt.