Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2015

Borrowed Funds [Abstract]

Summary of Short Term Borrowings

The following is a summary of short-term borrowings at December 31, 2015 and 2014 with original maturities of less than one year:

(Dollars in thousands)	2015		2014
Securities sold under agreements to repurchase:
Outstanding at end of year	$	35,828	$	39,801
Weighted average interest rate at year end		0.16%		0.15%
Maximum amount outstanding as of any month end	$	47,131	$	53,819
Average amount outstanding	$	35,908	$	45,702
Approximate weighted average rate during the year		0.16%		0.13%

Summary of Long Term Borrowings

The following is a summary of long-term borrowings at December 31, 2015 and 2014 with original maturities exceeding one year:

(In thousands)	2015		2014
FHLB advances, bearing fixed interest rates ranging from 1.00% to 3.69% at December 31, 2015	$	105,807	$	135,876
Junior subordinated debt, bearing variable interest rate of 3.28% at December 31, 2015		30,929		35,929
Junior subordinated debt, bearing fixed interest rate of 9.88% at December 31, 2015		10,801		10,801
Total long-term debt	$	147,537	$	182,606

Contractual Maturities of All Long Term Borrowings

The contractual maturities of long-term borrowings at December 31, 2015 and 2014 are as follows:

	2015
	Fixed		Floating				2014
(in thousands)	Rate		Rate		Total		Total
Due in 2015	$	0	$	0	$	0	$	35,000
Due in 2016		0		0		0		0
Due in 2017		0		0		0		0
Due in 2018		20,000		0		20,000		70,000
Due in 2019		0		0		0		0
Due in 2020		30,000		0		30,000		0
Thereafter		66,608		30,929		97,537		77,606
Total long-term debt	$	116,608	$	30,929	$	147,537	$	182,606

Schedule of Pledged Collateral on Line of Credit

The line is secured by certain qualified mortgage, commercial and home equity loans and investment securities as follows (in thousands):

1-4 family mortgage loans	$	175,581
Commercial loans		19,916
Multi-family loans		872
Home equity loans		26,660
	$	223,029