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Borrowed Funds (Tables)
6 Months Ended
Jun. 30, 2016
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, 2016

Year ended December 31, 2015

Securities sold under agreements to repurchase:

 

 

 

 

   Outstanding at end of period

$

20,357 

$

35,828 

   Weighted average interest rate at end of period

 

0.13% 

 

0.16% 

   Maximum amount outstanding as of any month end

$

30,342 

$

47,131 

   Average amount outstanding

$

28,752 

$

35,908 

   Approximate weighted average rate during the period

 

0.09% 

 

0.16% 



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)

2016

2015

FHLB advances, bearing fixed interest at rates ranging from 1.34% to 3.69% at June 30, 2016

$

105,026 

$

105,807 

Junior subordinated debt, bearing variable interest rate of 3.41% at June 30, 2016

 

30,929 

 

30,929 

Junior subordinated debt, bearing fixed interest rate of 9.88% at June 30, 2016

 

10,801 

 

10,801 

Total long-term debt

$

146,756 

$

147,537 



Contractual Maturities Of All Long Term Borrowings





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







 

 

 

 

 

 

 

 

 



June 30, 2016

 

December 31, 2015

(in thousands)

Fixed Rate

Floating Rate

Total

 

Total

Due in 2016

 

 

 

 

 

Due in 2017

 

 

 

 

 

Due in 2018

 

20,000 

 

 

20,000 

 

 

20,000 

Due in 2019

 

20,000 

 

 

20,000 

 

 

Due in 2020

 

30,000 

 

 

30,000 

 

 

30,000 

Thereafter

 

45,827 

 

30,929 

 

76,756 

 

 

97,537 

Total long-term debt

$

115,827 

$

30,929 

$

146,756 

 

$

147,537