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Note 8 - Securities Sold Under Agreements to Repurchase
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]
(
8
)
Securities Sold Under Agreements to Repurchase
 
SSUAR represent 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 mature within
one
business day from the transaction date.  At
March 31, 2019,
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 controlled by Bancorp. 
 
Information concerning SSR follows:
 
(Dollars in thousands)
 
March 31, 2019
   
December 31, 2018
 
Outstanding balance at end of period
  $
34,633
    $
36,094
 
Weighted average interest rate at end of period
   
0.30
%    
0.24
%
 
   
Three months ended
 
   
March 31,
 
(Dollars in thousands)
 
2019
   
2018
 
Average outstanding balance during the period
  $
37,528
    $
71,276
 
Average interest rate during the period
   
0.27
%    
0.19
%
Maximum outstanding at any month end during the period
  $
38,445
    $
74,725