Note 5 - Securities Sold Under Agreements to Repurchase

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Securities Sold Under Agreements To Repurchase [Text Block]

(5) Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, which represent excess funds from commercial customers as part of a cash management service, totaled

$65.7

million and

$67.6

million at

March

31,

2017

and

December

31,

2016,

respectively. Bancorp enters into sales of securities under agreement to repurchase at a specified future date. At

March

31,

2017,

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.