Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)
12 Months Ended
Dec. 31, 2014
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase  
Schedule of distribution of securities sold under agreements to repurchase and weighted average interest rates

 

 

 

 

December 31,

 

 

 

2014

 

2013

 

 

 

(dollars in thousands)

 

Balance

 

$

198,893 

 

$

172,348 

 

Weighted average interest rate at end of period

 

0.14 

%

0.13 

%

Maximum outstanding at any month end

 

$

198,893 

 

$

172,348 

 

Average daily balance

 

$

148,452 

 

$

137,777 

 

Weighted average interest rate during period (1)

 

0.12 

%

0.14 

%

 

 

(1) The weighted average interest rate is computed by dividing total interest for the period by the average daily balance outstanding.