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Note 9 - Short-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure Text Block [Abstract]  
Schedule of Short-Term Borrowings

December 31,

 

Securities sold

under agreements

to repurchase (a)

 

 

Other short - term

borrowings (b)

 

2017

 

 

 

 

 

 

 

 

Balance

 

$

41,845

 

 

$

13,911

 

Maximum indebtedness at any month end

 

 

43,834

 

 

 

33,773

 

Daily average indebtedness outstanding

 

 

39,301

 

 

 

9,371

 

Average rate paid for the year

 

 

0.38

%

 

 

1.09

%

Average rate on period-end borrowings

 

 

0.40

 

 

 

1.20

 

 

 

 

 

 

 

 

 

 

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

 

 

(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 $53,112,000 and $52,920,000 and a fair value of $51,823,000 and $52,314,000 and at December 31, 2017 and 2016, 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.