Cash and Cash Equivalents (Tables)

3 Months Ended

Mar. 31, 2017

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

	March 31,		December 31,
(in thousands)	2017		2016
Cash and due from banks, weighted average interest rate of 0.56% (at March 31, 2017)	$	60,749	$	60,707

Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at cost which approximates fair value and, as of March 31, 2017 and December 31, 2016, consisted of daily funds invested at the Federal Home Loan Bank (“FHLB”) of Atlanta and Merchants and Traders (“M&T”).

	March 31,		December 31,
(in thousands)	2017		2016
FHLB daily investments, interest rate of 0.72% (at March 31, 2017)	$	1,075	$	1,590
M&T daily investments, interest rate of 0.15% (at March 31, 2017)		1,014		1,013
	$	2,089	$	2,603