XML 52 R42.htm IDEA: XBRL DOCUMENT v3.7.0.1
Borrowed Funds (Tables)
3 Months Ended
Mar. 31, 2017
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)

Three months ended March 31, 2017

Year ended December 31, 2016

Securities sold under agreements to repurchase:

 

 

 

 

   Outstanding at end of period

$

35,269 

$

36,000 

   Weighted average interest rate at end of period

 

0.18% 

 

0.16% 

   Maximum amount outstanding as of any month end

$

35,269 

$

39,456 

   Average amount outstanding

$

32,628 

$

30,899 

   Approximate weighted average rate during the period

 

0.20% 

 

0.19% 



Summary of Long Term Borrowings

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







 

 

 

 



March 31,

December 31,

(in thousands)

2017

2016

FHLB advances, bearing fixed interest at rates ranging from 1.54% to 3.69% at March 31, 2017

$

90,000 

$

90,007 

Junior subordinated debt, bearing variable interest rate of 3.90% at March 31, 2017

 

30,929 

 

30,929 

Junior subordinated debt, bearing fixed interest rate of 0.00% at March 31, 2017

 

 

10,801 

Total long-term debt

$

120,929 

$

131,737 



Contractual Maturities Of All Long Term Borrowings





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







 

 

 

 

 

 

 

 

 



March 31, 2017

 

December 31, 2016

(in thousands)

Fixed Rate

Floating Rate

Total

 

Total

Due in 2018

$

20,000 

$

$

20,000 

 

$

20,000 

Due in 2019

 

20,000 

 

 

20,000 

 

 

20,000 

Due in 2020

 

30,000 

 

 

30,000 

 

 

30,000 

Due in 2021

 

20,000 

 

 

20,000 

 

 

20,000 

Thereafter

 

 

30,929 

 

30,929 

 

 

41,737 

Total long-term debt

$

90,000 

$

30,929 

$

120,929 

 

$

131,737