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Borrowed Funds (Tables)
9 Months Ended
Sep. 30, 2014
Borrowed Funds [Abstract]  
Summary of Short Term Borrowings

 

The following is a summary of short-term borrowings with original maturities of less than one year:

 

 

 

 

 

 

 

(Dollars in thousands)

Nine Months Ended September 30, 2014

Year Ended December 31, 2013

Securities sold under agreements to repurchase:

 

 

 

 

  Outstanding at end of period

$

47,994 

$

43,676 

  Weighted average interest rate at end of period

 

0.12% 

 

0.14% 

  Maximum amount outstanding as of any month end

$

53,370 

$

61,354 

  Average amount outstanding

$

44,646 

$

47,777 

  Approximate weighted average rate during the period

 

0.13% 

 

0.13% 

 

Summary of Long Term Borrowings

The following is a summary of long-term borrowings with original maturities exceeding one year:

 

 

 

 

 

 

 

 

September 30,

December 31,

(In thousands)

2014

2013

FHLB advances, bearing fixed interest at rates ranging from 1.00% to 3.69% at September 30, 2014

$

135,893 

$

135,942 

Junior subordinated debt, bearing variable interest rates ranging from 2.08% to 2.98% at September 30, 2014

 

35,929 

 

35,929 

Junior subordinated debt, bearing fixed interest rate of 9.88% at September 30, 2014

 

10,801 

 

10,801 

Total long-term debt

$

182,623 

$

182,672 

 

Contractual Maturities Of All Long Term Borrowings

 

The contractual maturities of all long-term borrowings are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

December 31, 2013

(In thousands)

Fixed Rate

Floating Rate

Total

 

Total

Due in 2014

$

$

$

 

$

Due in 2015

 

30,000 

 

5,000 

 

35,000 

 

 

35,000 

Due in 2016

 

 

 

 

 

Due in 2017

 

 

 

 

 

Due in 2018

 

70,000 

 

 

70,000 

 

 

70,000 

Due in 2019

 

 

 

 

 

Thereafter

 

46,694 

 

30,929 

 

77,623 

 

 

77,672 

Total long-term debt

$

146,694 

$

35,929 

$

182,623 

 

$

182,672