SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

3 Months Ended

Mar. 31, 2017

Brokers and Dealers [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE G — SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Securities sold under agreements to repurchase are accounted for as secured borrowings. For securities sold under agreements to repurchase, the Company is obligated to provide additional collateral in the event of a significant decline in fair value of collateral pledged. At March 31, 2017 and December 31, 2016, Company securities sold under agreements to repurchase and securities pledged were as follows by collateral type and maturity:

	Overnight and Continuous Maturity
	March 31,		December 31,
(Dollars in thousands)	2017		2016
Mortgage backed securities and collateralized mortgage
obligations of U.S. Government Sponsored Entities	$	183,107	$	204,202