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Short-Term Borrowings
12 Months Ended
Dec. 31, 2011
Short- Term Borrowings [Abstract]  
SHORT-TERM BORROWINGS

NOTE 10 — SHORT-TERM BORROWINGS

A summary of short-term borrowings, which consisted solely of securities sold under agreements to repurchase, follows:

 

                         
    2011     2010     2009  
    (Dollars in thousands)  

Securities sold under agreements to repurchase:

                       

Ending balance at December 31

  $ 303,786     $ 242,703     $ 240,568  
   

 

 

   

 

 

   

 

 

 

Weighted average interest rate at December 31

    0.12     0.22     0.27
   

 

 

   

 

 

   

 

 

 

Average amount outstanding during year

  $ 287,176     $ 249,725     $ 232,185  
   

 

 

   

 

 

   

 

 

 

Weighted average interest rate during year

    0.18     0.26     0.39
   

 

 

   

 

 

   

 

 

 

Maximum balance outstanding at any month-end

  $ 313,626     $ 259,534     $ 240,568