Annual report pursuant to Section 13 and 15(d)

Borrowed Funds (Tables)

v3.6.0.2
Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule Of Federal Home Loan Bank Advances Borrowed Funds [Table Text Block]
At year end, borrowed funds are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
2016
 
2015
 
Fixed rate advances from the FHLB
 
$
25,100
 
$
34,100
 
Variable rate advances from the FHLB
 
 
-
 
 
5,000
 
Line of credit at FHLB
 
 
28
 
 
-
 
Other
 
 
700
 
 
393
 
Total
 
$
25,828
 
$
39,493
 
Schedule Of Federal Home Loan Bank Advances Rolling Maturity [Table Text Block]
At December 31, 2016, scheduled maturities of borrowed funds were as follows:
 
 
 
(Dollars in thousands)
 
2017
 
$
12,728
 
2018
 
 
6,100
 
2019
 
 
5,000
 
2020
 
 
2,000
 
Total
 
$
25,828
 
Schedule Of Federal Home Loan Bank Advances Activity For Year [Table Text Block]
Repurchase agreements generally mature within one year and are secured by U.S. government and U.S. agency securities, under the Bancorp’s control. At December 31, information concerning these retail repurchase agreements is summarized below:
 
 
 
(Dollars in thousands)
 
 
 
2016
 
 
2015
 
Ending balance
 
$
13,998
 
 
$
18,508
 
Average balance during the year
 
 
17,755
 
 
 
18,003
 
Maximum month-end balance during the year
 
 
23,308
 
 
 
22,020
 
Securities underlying the agreements at year end:
 
 
 
 
 
 
 
 
Carrying value
 
 
23,571
 
 
 
23,479
 
Fair value
 
 
23,571
 
 
 
23,479
 
Average interest rate during the year
 
 
0.55
%
 
 
0.38
%
Average interest rate at year end
 
 
0.56
%
 
 
0.45
%
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]
At December 31, advances from the Federal Home Loan Bank were as follows:
 
 
 
(Dollars in thousands)
 
 
 
2016
 
2015
 
Fixed rate advances, maturing January 2017 through June 2020 at rates from 0.97% to 2.11%; average rate: 2016 – 1.40%; 2015 – 1.29%
 
$
25,100
 
$
34,100
 
 
 
 
 
 
 
 
 
Variable rate advances, matured May 2016 average rate: 2016 and 2015 – 0.62%
 
 
-
 
 
5,000