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Borrowings (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase
A significant portion of the Company's short-term borrowings were comprised of unsecured federal funds purchased and securities sold under agreements to repurchase with maturities primarily from overnight to seven days:
 
 
 
2016
 
 
2015
 
 
2014
 
 
 
(In thousands)
 
Maximum amount outstanding at any month end
 
$
236,099
 
 
$
192,786
 
 
$
218,399
 
Weighted average interest rate at end of year
 
 
0.31
%
 
 
0.28
%
 
 
0.18
%
Average amount outstanding
 
$
187,560
 
 
$
168,188
 
 
$
152,129
 
Weighted average interest rate during the year
 
 
0.26
%
 
 
0.20
%
 
 
0.17
%
Collateral Securities Pledge Maturity
At December 31, 2016, 2015, and 2014, company securities pledged were as follows by collateral type and maturity:
 
 
 
Overnight and Continuous Maturity
 
Fair-Value of Pledge Securities
 
2016
 
2015
 
2014
 
 
 
(In thousands)
 
Mortgage-backed securities and collateralized mortgage obligations of U.S. Government Sponsored Entities
 
$
204,202
 
$
172,005
 
$
153,640