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Borrowed Funds (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Debt Disclosure [Abstract] |
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| Summary of borrowed funds |
Borrowed funds consist of the following obligations at December 31: | | | | | | | | | | | | | | | | 2013 | | 2012 | | Amount | | Rate | | Amount | | Rate | FHLB advances | $ | 162,000 |
| | 2.02 | % | | $ | 152,000 |
| | 2.05 | % | Securities sold under agreements to repurchase without stated maturity dates | 106,025 |
| | 0.13 | % | | 66,147 |
| | 0.15 | % | Securities sold under agreements to repurchase with stated maturity dates | 11,301 |
| | 3.30 | % | | 16,284 |
| | 3.57 | % | Federal funds purchased | — |
| | — |
| | 6,570 |
| | 0.50 | % | Total | $ | 279,326 |
| | 1.35 | % | | $ | 241,001 |
| | 1.59 | % |
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| Schedule of maturity and weighted average interest rates of FHLB advances |
The maturity and weighted average interest rates of FHLB advances are as follows as of December 31: | | | | | | | | | | | | | | | | 2013 | | 2012 |
| Amount | | Rate | | Amount | | Rate | Fixed rate advances due 2014 | $ | 10,000 |
| | 0.48 | % | | $ | 10,000 |
| | 0.48 | % | Fixed rate advances due 2015 | 32,000 |
| | 0.84 | % | | 42,000 |
| | 1.12 | % | Fixed rate advances due 2016 | 10,000 |
| | 2.15 | % | | 10,000 |
| | 2.15 | % | Fixed rate advances due 2017 | 30,000 |
| | 1.95 | % | | 40,000 |
| | 2.15 | % | Fixed rate advances due 2018 | 40,000 |
| | 2.35 | % | | 20,000 |
| | 2.86 | % | Fixed rate advances due 2019 | 20,000 |
| | 3.11 | % | | 20,000 |
| | 3.73 | % | Fixed rate advances due 2020 | 10,000 |
| | 1.98 | % | | 10,000 |
| | 1.98 | % | Fixed rate advances due 2023 | 10,000 |
| | 3.90 | % | | — |
| | — |
| Total | $ | 162,000 |
| | 2.02 | % | | $ | 152,000 |
| | 2.05 | % |
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| Maturity and weighted average interest rates of securities sold |
The maturity and weighted average interest rates of securities sold under agreements to repurchase with stated maturity dates are as follows at December 31: | | | | | | | | | | | | | | | | 2013 | | 2012 | | Amount | | Rate | | Amount | | Rate | Repurchase agreements due 2013 | $ | — |
| | — |
| | $ | 5,000 |
| | 4.51 | % | Repurchase agreements due 2014 | 10,876 |
| | 3.30 | % | | 10,872 |
| | 3.15 | % | Repurchase agreements due 2015 | 425 |
| | 3.25 | % | | 412 |
| | 3.25 | % | Total | $ | 11,301 |
| | 3.30 | % | | $ | 16,284 |
| | 3.57 | % |
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| Summary of short term borrowings |
The following table provides a summary of short-term borrowings for the years ended December 31: | | | | | | | | | | | | | | | | | | | | | | | | 2013 | | 2012 | | Maximum Month End Balance | | Average Balance | | Weighted Average Interest Rate During the Period | | Maximum Month End Balance | | Average Balance | | Weighted Average Interest Rate During the Period | Securities sold under agreements to repurchase without stated maturity dates | $ | 106,025 |
| | $ | 74,602 |
| | 0.15 | % | | $ | 66,117 |
| | $ | 57,466 |
| | 0.20 | % | Federal funds purchased | 13,700 |
| | 4,445 |
| | 0.61 | % | | 17,900 |
| | 3,836 |
| | 0.47 | % |
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| Summary of pledged certificates of deposit |
We had pledged certificates of deposit held in other financial institutions, trading securities, AFS securities, and 1-4 family residential real estate loans in the following amounts at December 31: | | | | | | | | | | 2013 | | 2012 | Pledged to secure borrowed funds | $ | 320,173 |
| | $ | 308,628 |
| Pledged to secure repurchase agreements | 148,930 |
| | 143,322 |
| Pledged for public deposits and for other purposes necessary or required by law | 20,922 |
| | 22,955 |
| Total | $ | 490,025 |
| | $ | 474,905 |
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