Borrowed Funds and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Debt

The following table presents the period-end and average balances of borrowed funds and subordinated debentures for the past three years with resultant rates:

	2016				2015				2014
(In thousands)	Amount		Rate		Amount		Rate		Amount		Rate
FHLB borrowings and repurchase agreements:
At December 31,	$	106,000	1.83	%	$	77,000	2.66	%	$	110,000	2.31	%
Year-to-date average	88,754		2.21		57,187		3.72		60,765		3.96
Maximum outstanding	106,000				140,000				110,000
Repurchase agreements:
At December 31,	$	15,000	3.67	%	$	15,000	3.67	%	$	15,000	3.67	%
Year-to-date average	15,000		3.67		15,000		3.67		15,000		3.67
Maximum outstanding	15,000				15,000				15,000
Subordinated debentures:
At December 31,	$	10,310	2.40	%	$	15,465	1.98	%	$	15,465	1.82	%
Year-to-date average	11,099		2.35		15,465		1.87		15,465		1.81
Maximum outstanding	15,465				15,465				15,465

Schedule of Maturities of Term Debt

The following table presents the expected maturities of borrowed funds and subordinated debentures over the next five years: 

(In thousands)	2017		2018		2019		2020		2021		Thereafter		Total
FHLB borrowings and repurchase agreements	$	66,000	$	—	$	—	$	30,000	$	10,000	$	—	$	106,000
Other repurchase agreements	—		15,000		—		—		—		—		15,000
Subordinated debentures	—		—		—		—		—		10,310		10,310
Total borrowings	$	66,000	$	15,000	$	—	$	30,000	$	10,000	$	10,310	$	131,310

Outstanding Interest Rate Swap Agreements Used to Hedge Variable Rate Debt

A summary of the Company’s outstanding interest rate swap agreements used to hedge variable rate debt at December 31, 2016 and 2015, respectively is as follows:

(In thousands, except percentages and years)	2016			2015
Notional amount	$	60,000		$	20,000
Weighted average pay rate	1.43		%	1.90		%
Weighted average receive rate	0.67		%	0.41		%
Weighted average maturity in years	4.24			4.90
Unrealized gains (losses) relating to interest rate swaps	$	1,204		$	(28	)