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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS (Tables)
 3 Months Ended
Mar. 31, 2018
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER SHORT-TERM BORROWINGS  
Schedule of securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

    

March 31, 2018

    

 

December 31, 2017

    

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding balance at end of period

 

$

175,682

 

 

$

204,021

 

 

 

Weighted average interest rate at end of period

 

 

0.50

%  

 

 

0.31

%  

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of securities pledged:

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities and U.S. Government agencies

 

$

118,274

 

 

$

71,824

 

 

 

Mortgage backed securities - residential

 

 

62,032

 

 

 

83,452

 

 

 

Collateralized mortgage obligations

 

 

45,905

 

 

 

84,693

 

 

 

Total securities pledged

 

$

226,211

 

 

$

239,969

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

March 31, 

 

 

 

(dollars in thousands)

        

 

2018

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average outstanding balance during the period

 

 

$

257,439

 

 

$

218,412

 

 

 

Average interest rate during the period

 

 

 
0.33

%  

 

 

0.05

%  

 

 

Maximum outstanding at any month end during the period

 

 

$

215,281

 

 

$

183,709