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Borrowed Funds (Tables)
6 Months Ended
Jun. 30, 2015
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)

Six months ended June 30, 2015

Year ended December 31, 2014

Securities sold under agreements to repurchase:

 

 

 

 

  Outstanding at end of period

$

28,252 

$

39,801 

  Weighted average interest rate at end of period

 

0.19% 

 

0.15% 

  Maximum amount outstanding as of any month end

$

35,134 

$

53,819 

  Average amount outstanding

$

34,353 

$

45,702 

  Approximate weighted average rate during the period

 

0.16% 

 

0.13% 

 

Summary of Long Term Borrowings

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

 

 

 

 

 

 

 

 

June 30,

December 31,

(in thousands)

2015

2014

FHLB advances, bearing fixed interest at rates ranging from 1.00% to 3.69% at June 30, 2015

$

135,842 

$

135,876 

Junior subordinated debt, bearing variable interest rate of 3.03% at June 30, 2015

 

30,929 

 

35,929 

Junior subordinated debt, bearing fixed interest rate of 9.88% at June 30, 2015

 

10,801 

 

10,801 

Total long-term debt

$

177,572 

$

182,606 

 

Contractual Maturities Of All Long Term Borrowings

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

December 31, 2014

(in thousands)

Fixed Rate

Floating Rate

Total

 

Total

Due in 2015

 

30,000 

 

 

30,000 

 

 

35,000 

Due in 2016

 

 

 

 

 

Due in 2017

 

 

 

 

 

Due in 2018

 

70,000 

 

 

70,000 

 

 

70,000 

Due in 2019

 

 

 

 

 

Thereafter

 

46,643 

 

30,929 

 

77,572 

 

 

77,606 

Total long-term debt

$

146,643 

$

30,929 

$

177,572 

 

$

182,606