Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Rates and maturities on these advances at December 31, 2014 and 2013 were as follows:

Average rates of long-term debt and short-term borrowings were as follows:


	At or for the Year Ended December 31,
(dollars in thousands)	2014	2013

Long-term debt
Long-term debt outstanding at end of period	$ 74,672	$ 70,476
Weighted average rate on outstanding long-term debt	2.35%	2.49%
Maximum outstanding long-term debt of any month end	75,471	70,519
Average outstanding long-term debt	74,714	68,996
Approximate average rate paid on long-term debt	2.39%	2.53%

Short-term borrowings
Short-term borrowings outstanding at end of period	$ 2,000	$ -
Weighted average rate on short-term borrowings	0.31%	0.00%
Maximum outstanding short-term borrowings at any month end	15,000	24,000
Average outstanding short-term borrowings	4,344	4,278
Approximate average rate paid on short-term borrowings	0.28%	0.33%

The contractual maturities of long-term debt were as follows at December 31, 2014: