Note 8 - Federal Funds Purchased and Other Short-term Borrowings
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Short-term Debt [Text Block]
8
.
Federal Funds Purchased
and Short-term Securities Sold Under Agreements to Repurchase
 
Federal funds purchased and short-term securities sold under agreements to repurchase represent borrowings with an original maturity of
one
year or less. All of the Company’s short-term borrowings are made up of federal funds purchased and securities sold under agreements to repurchase
,
which represent borrowings that generally mature
one
business day following the date of the transaction. Information on federal funds purchased and short-term securities sold under agreements to repurchase is as follows:
 
December 31, (Dollars in thousands)
  
2016
    
2015
  
Federal funds purchased and short-term securities sold under agreements to repurchase
   $
35,085
     $
34,353
  
Total short-term
   $
35,085
     $
34,353
  
                 
Average balance during the year
   $
36,919
     $
31,580
  
Maximum month-end balance during the year
    
41,397
      
39,474
  
Average interest rate during the year
    
.27
 %    
.16
 %
Average interest rate at year-end
    
.35
      
.24
  
 
Refer to Note
9
for a summary that includes short-term repurchase agreements disaggregated by the class of securities pledged
.