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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)
 12 Months Ended
Dec. 31, 2015
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE  
Schedule of securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

 

December 31,  (dollars in thousands)

    

 

2015

    

2014

    

 

 

 

 

 

 

 

 

 

Outstanding balance at end of year

 

 

$
395,433

 

$
356,108

 

Weighted average interest rate at year end

 

 

 
0.02

%  

 
0.04

%  

 

 

 

 

 

 

 

 

 

Fair value of securities pledged:

 

 

 

 

 

 

 

 

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

 

 

$
244,707

 

$
121,378

 

Mortgage backed securities - residential

 

 

 
82,666

 

 
105,144

 

Collateralized mortgage obligations

 

 

 
130,821

 

 
151,956

 

Total securities pledged

 

 

$
458,194

 

$
378,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,  (dollars in thousands)

        

 

 

2015

    

2014

    

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average outstanding balance during the year

 

 

 

$
379,477

 

$
296,196

 

$
170,386

 

Average interest rate during the year

 

 

 

 
0.02

%  

 
0.04

%  

 
0.04

%  

Maximum outstanding at any month end during the year

 

 

 

$
442,981

 

$
408,891

 

$
242,721