Note 5. Borrowings

Short-Term Borrowings

The Company classifies all borrowings that will mature within a year from the date on which the Company enters into them as short-term borrowings. Short-term borrowings sources consist of federal funds purchased, overnight repurchase agreements (which are secured transactions with customers that generally mature within one to four days), and advances from the FHLB.

The Company maintains federal funds lines with several correspondent banks to address short-term borrowing needs. At June 30, 2017 and December 31, 2016 the remaining credit available from these lines totaled $55.0 million. The Company has a collateral dependent line of credit with the FHLB with remaining credit availability of $225.1 million and $270.0 as of June 30, 2017 and December 31, 2016, respectively.

The following table presents total short-term borrowings as of the dates indicated:

	June 30, 2017			December 31, 2016
	(in thousands)
Overnight repurchase agreements	$	23,221		$	18,704
FHLB advances		50,000			0
Total short-term borrowings	$	73,221		$	18,704

Maximum month-end outstanding balance	$	73,221		$	68,864
Average outstanding balance during the period		36,406			39,364
Average interest rate (year-to-date)		0.46	%		0.59	%
Average interest rate at end of period		0.85	%		0.10	%

Long-Term Borrowings

The Company had no long-term borrowings at June 30, 2017 or December 31, 2016.