SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

12 Months Ended

Dec. 31, 2016

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE [Abstract]

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

NOTE 9 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Securities sold under agreements to repurchase generally mature within one to ninety days from the transaction date.  Information concerning securities sold under agreements to repurchase is summarized as follows:

	2016			2015
Year-end balance	$	23,820		$	21,694
Average balance during the year	$	24,573		$	16,927
Average interest rate during the year		0.14	%		0.22	%
Maximum month-end balance during the year	$	33,956		$	21,763
Weighted average interest rate at year-end		0.09	%		0.13	%