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Borrowings (Tables)
12 Months Ended
Dec. 31, 2017
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:
 
 
 
For the Year Ended December 31,
 
 
 
2017
 
2016
 
2015
 
 
 
(In thousands)
 
Maximum amount outstanding at any month end
 
$
216,094
 
$
236,099
 
$
192,786
 
Weighted average interest rate at end of year
 
 
0.71
%
 
0.31
%
 
0.28
%
Average amount outstanding
 
$
171,686
 
$
187,560
 
$
168,188
 
Weighted average interest rate during the year
 
 
0.46
%
 
0.26
%
 
0.20
%
Collateral Securities Pledge Maturity
Company securities pledged were as follows by collateral type and maturity as of:
 
 
 
December 31,
 
 
 
2017
 
2016
 
2015
 
 
 
(In thousands)
 
Fair-Value of Pledge Securities – overnight and continuous
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities and collateralized mortgage obligations of U.S. Government Sponsored Entities
 
$
216,094
 
$
204,202
 
$
172,005