Note 9 - Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure Text Block [Abstract]

Schedule of Short-term Borrowings

December 31,	Securities sold under agreements to repurchase (a)			Other short - term borrowings (b)
2016
Balance	$	45,339		$	7,321
Maximum indebtedness at any month end		45,339			7,321
Daily average indebtedness outstanding		38,835			1,365
Average rate paid for the year		0.37	%		0.66	%
Average rate on period-end borrowings		0.38			0.77
2015
Balance	$	37,163			—
Maximum indebtedness at any month end		37,163			—
Daily average indebtedness outstanding		31,364		$	547
Average rate paid for the year		0.37	%		0.34	%
Average rate on period-end borrowings		0.37			—

(a) Securities sold under agreements to repurchase mature overnight. The repurchase agreements were collateralized by U.S. Government mortgage-backed securities and CMOs with an amortized cost of $52,920,000 and $47,309,000 and a fair value of $52,314,000 and $47,200,000 and at December 31, 2016 and 2015, respectively. These securities are held in safekeeping at the Federal Reserve Bank of Philadelphia.

(b) Other short-term borrowings include Federal funds purchased and overnight borrowings from the FHLB.