Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Advances from the Federal Home Loan Bank

At December 31, advances from the Federal Home Loan Bank were as follows:

	2015		2014
	(In thousands)
Maturities May 2016 through August 2025, primarily at fixed rates ranging from 3.08% to 6.65%, averaging 3.80%	$	26,530	$	––
Maturities May 2016 through August 2025, primarily at fixed rates ranging from 3.08% to 6.65%, averaging 3.81%		––		26,719
	$	26,530	$	26,719

Required Annual Principal Payments on Federal Home Loan Bank Advances

At December 31, 2015 required annual principal payments on Federal Home Loan Bank advances were as follows:

For the year ending December 31,	(In thousands)
2016	$	6,175
2017		20,122
2018		113
2019		42
2020		19
Thereafter		59
	$	26,530

Summary of Information Concerning Securities Sold Under Agreements to Repurchase

Information concerning securities sold under agreements to repurchase is summarized as follows:

	2015			2014
	(Dollars in thousands)
Balance outstanding at year end	$	5,691		$	5,098
Average daily balance during the year	$	9,769		$	7,797
Average interest rate during the year		0.12	%		0.12	%
Maximum month-end balance during the year	$	12,934		$	9,589
Weighted-average interest rate at year end		0.12	%		0.12	%

Schedule of Repurchase Agreements

The following table presents the Company’s repurchase agreements accounted for as secured borrowings:

Remaining Contractual Maturity of the Agreement

	(In thousands)
	Overnight and						Greater than 90
December 31, 2015	Continuous		Up to 30 Days		30-90 Days		Days		Total
Repurchase Agreements
U.S. government agencies	$	1,622	$	––	$	––	$	––	$	1,622
State and political subdivisions		4,069		––		––		––		4,069
Total	$	5,691	$	––	$	––	$	––	$	5,691