Note 7: Securities Sold Under Agreements To Repurchase

12 Months Ended

Jun. 30, 2015

Notes

Note 7: Securities Sold Under Agreements To Repurchase

NOTE 7:  Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, which are classified as borrowings, generally mature within one to four days. The following table presents balance and interest rate information on the securities sold under agreements to repurchase.

The market value of the securities underlying the agreements at June 30, 2015 and 2014, was $27.3 million and $25.6 million, respectively. The securities underlying the agreements consist of marketable securities, including U.S. Government and Federal Agency Obligations, Mortgage-Backed Securities, and Collateralized Mortgage Obligations.  The securities sold under agreements to repurchase are under the Company’s control.

	June 30,
(dollars in thousands)	2015	2014
Year-end balance	$27,332	$25,561
Average balance during the year	25,443	24,492
Maximum month-end balance during the year	28,198	26,897
Average interest during the year	0.46%	0.54%
Year-end interest rate	0.45%	0.50%