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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
The following table summarizes the Corporation’s borrowed funds as of and for the year ended December 31:
(Dollar amounts in thousands)
 
2016
 
2015
 
 
 
 
Average
 
Average
 
 
 
Average
 
Average
 
 
Balance
 
Balance
 
Rate
 
Balance
 
Balance
 
Rate
Short-term borrowed funds
 
$
9,500

 
$
2,341

 
3.34%
 
$
14,250

 
$
6,284

 
1.38%
Long-term borrowed funds
 
34,500

 
35,141

 
3.06%
 
35,000

 
15,205

 
3.97%
 
 
$
44,000

 
$
37,482

 
 
 
$
49,250

 
$
21,489

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Maturities of Borrowed Funds
Scheduled maturities of borrowed funds for the next five years are as follows:
(Dollar amounts in thousands)
 
Amount
2017
 
$
25,000

2018
 
6,000

2019
 
6,000

2020
 
6,000

2021
 
1,000

Thereafter
 

 
 
$
44,000