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Long-Term Borrowings (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Summary of Subordinated Debentures
The subordinated debentures as of March 31, 2016 and December 31, 2015 consisted of the following:
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying Amount
 
 
 
 
 
Date of Offering
 
Face Amount
 
March 31, 2016
 
December 31, 2015
 
Interest Rate as of March 31, 2016
 
Maturity Date
July 31, 2001
 
$
5,000

 
$
3,973

 
$
3,959

 
4.20
%
(3 Month LIBOR + 358 bps)
 
July 31, 2031
July 31, 2001
 
4,000

 
2,781

 
2,764

 
4.20
%
(3 Month LIBOR + 358 bps)
 
July 31, 2031
June 26, 2003
 
10,000

 
6,147

 
6,120

 
3.73
%
(3 Month LIBOR + 310 bps)
 
June 26, 2033
September 25, 2003
 
10,000

 
6,706

 
6,668

 
3.47
%
(3 Month LIBOR + 285 bps)
 
October 8, 2033
December 30, 2003
 
10,000

 
5,934

 
5,906

 
3.47
%
(3 Month LIBOR + 285 bps)
 
December 30, 2033
June 28, 2005
 
3,000

 
1,658

 
1,645

 
2.31
%
(3 Month LIBOR + 168 bps)
 
June 28, 2035
December 22, 2005
 
10,000

 
4,763

 
4,731

 
2.03
%
(3 Month LIBOR + 140 bps)
 
March 15, 2036
December 28, 2005
 
13,000

 
6,939

 
6,884

 
2.17
%
(3 Month LIBOR + 154 bps)
 
March 15, 2036
June 23, 2006
 
20,000

 
11,862

 
11,786

 
2.17
%
(3 Month LIBOR + 155 bps)
 
July 7, 2036
May 16, 2007
 
56,000

 
30,006

 
29,782

 
2.84
%
(3 Month LIBOR + 165 bps)
 
June 15, 2037
June 15, 2007
 
10,000

 
5,559

 
5,532

 
2.07
%
(3 Month LIBOR + 143 bps)
 
September 6, 2037
 
 
$
151,000

 
$
86,328

 
$
85,777

 
 
 
 
 
Schedule of Maturities of Long-Term Borrowings
At March 31, 2016, the maturities of long-term borrowings were as follows:
(Dollars in thousands)
 
Fixed Rate
 
Floating Rate
 
Total
Due in 2016
 
$
—

 
$
—

 
$
—

Due in 2017
 
—

 
—

 
—

Due in 2018
 
—

 
—

 
—

Due in 2019
 
—

 
—

 
—

Due in 2020
 
—

 
—

 
—

Thereafter
 
—

 
86,328

 
86,328

Total
 
$
—

 
$
86,328

 
$
86,328