Note 10 - Securities Sold Under Agreements to Repurchase and Other Short-Term Borrowings

12 Months Ended

Dec. 31, 2015

Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings Disclosure [Abstract]

Securities Sold Under Agreements To Repurchase And Other Short Term Borrowings Disclosure [Text Block]

(10) Securities Sold Under Agreements to Repurchase and Other Short-Term Borrowings

Securities sold under agreements to repurchase are a funding source of Bancorp and are primarily used by commercial customers in conjunction with collateralized corporate cash management accounts. Such repurchase agreements are considered financing agreements and generally mature within one business day from the transaction date. At December 31, 2015, all of these financing arrangements had overnight maturities and were secured by government sponsored enterprise obligations and government agency mortgage-backed securities which were owned and under the control of Bancorp.

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

(Dollars in thousands)	2015			2014
Average balance during the year	$	65,140		$	61,748
Average interest rate during the year		0.23	%		0.23	%
Maximum month-end balance during the year	$	82,467		$	69,559