SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

9 Months Ended

Sep. 30, 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 September 30, 2017 and December 31, 2016, the fair value of Company securities pledged under agreements to repurchase were as follows by collateral type and maturity:

	Overnight and Continuous Maturity
	September 30,		December 31,
(Dollars in thousands)	2017		2016
Mortgage backed securities and collateralized mortgage obligations of U.S. Government Sponsored Entities	$	142,153	$	204,202