45 / 146
29
The Volume and Rate Variances table below sets forth the dollar difference for the comparative periods in interest
earned or paid for each major category of interest-earning assets and interest-bearing liabilities, and the amount of such
change attributable to fluctuations in average balances (volume) or differences in average interest rates. Volume vari-
ances are equal to the increase or decrease in average balances multiplied by prior period rates, and rate variances are
equal to the change in rates multiplied by prior period average balances. Variances attributable to both rate and volume
changes, calculated by multiplying the change in rates by the change in average balances, have been allocated to the
rate variance.
Volume & Rate Variances
(dollars in thousands)
Assets:
Volume
Rate
Net
Volume
Rate
Net
Investments:
Federal funds sold / Due from time
(33)
$
2
$
(31)
$
(40)
$
-
$
(40)
$
Taxable
985
(446)
539
786
1,968
2,754
Non-taxable
(1)
65
(48)
17
355
(156)
199
Equity
(26)
(45)
(71)
2
71
73
Total Investments
991
(537)
454
1,103
1,883
2,986
Loans and Leases:
Real Estate
5,233
(554)
4,679
4,175
(1,715)
2,460
Agricultural
274
62
336
(20)
2
(18)
Commercial
291
169
460
23
(601)
(578)
Consumer
(378)
162
(216)
(395)
197
(198)
Mortgage Warehouse
2,441
(610)
1,831
(678)
(668)
(1,346)
Direct Financing Leases
(24)
(3)
(27)
(35)
3
(32)
Other
169
(100)
69
-
62
62
Total Loans and Leases
8,006
(874)
7,132
3,070
(2,720)
350
Total Interest Earning Assets
8,997
$
(1,411)
$
7,586
$
4,173
$
(837)
$
3,336
$
Liabilities
Interest Bearing Deposits:
Demand
NOW
42
$
30
$
72
$
71
$
(69)
$
2
$
Savings Accounts
68
(62)
6
89
(110)
(21)
Money Market
51
(85)
(34)
44
(88)
(44)
CDAR's
29
(31)
(2)
12
(26)
(14)
Certificates of Deposit < $100,000
(1)
(2)
(3)
(3)
(22)
(25)
Certificates of Deposit > $100,000
(2)
(77)
(79)
(56)
(38)
(94)
Brokered Deposits
46
(202)
(156)
(36)
(96)
(132)
Total Interest Bearing Deposits
(84)
1
(83)
(74)
11
(63)
Borrowed Funds:
149
(428)
(279)
47
(438)
(391)
Federal Funds Purchased
-
-
-
-
-
-
Repurchase Agreements
9
5
14
14
(6)
8
Short TermBorrowings
13
14
27
-
(2)
(2)
Long TermBorrowings
7
2
9
(4)
(25)
(29)
TRUPS
-
14
14
-
(11)
(11)
Total Borrowed Funds
29
35
64
10
(44)
(34)
Total Interest Bearing Liabilities
178
(393)
(215)
57
(482)
(425)
Net Interest Income
8,819
$
(1,018)
$
7,801
$
4,116
$
(355)
$
3,761
$
(1)
Yields on taxexempt income have not been computed on a taxequivalent basis.
Years Ended December 31,
2015 over 2014
2014 over 2013
Increase(decrease) due to
Increase(decrease) due to