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Other Borrowings (Tables)
 9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Summary of Other Borrowings

Details of other borrowings, including contractual interest rates and maturity dates are included in the following table:

 

(Dollars in Thousands)

    September 30,
2014		      December 31,
2013		      September 30,
2013		  

Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%

    $ 75,000       $ —         $ —     

Advance from Federal Home Loan Bank with a fixed interest rate of 0.16%, due October 24, 2014

      25,000         —           —     

Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014

      —           165,000         —     

Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 3.50% (3.73% at September 30, 2014) due in August 2016, secured by subsidiary bank stock

      22,500         —           —     

Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% and 4.27% at December 31, 2013 and September 30, 2013) due in August 2016, secured by subsidiary bank stock

      —           10,000         5,000   

Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable

      4,909         —           —     

Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.83% and 1.84% at September 30, 2014 and December 31, 2013)

      5,000         5,000         —     

Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% and 1.99% at September 30, 2014 and December 31, 2013)

      15,000         14,572         —     
  

 

 

     

 

 

     

 

 

  

Total

    $ 147,409       $ 194,572       $ 5,000