Borrowed Funds and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2017

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:

	2017				2016				2015
(In thousands)	Amount		Rate		Amount		Rate		Amount		Rate
FHLB borrowings and repurchase agreements:
At December 31,	$	260,000	1.59	%	$	106,000	1.83	%	$	77,000	2.66	%
Year-to-date average	110,420		1.75		88,754		2.21		57,187		3.72
Maximum outstanding	260,000				106,000				140,000
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	%	$	10,310	2.40	%	$	15,465	1.98	%
Year-to-date average	10,310		2.40		11,099		2.35		15,465		1.87
Maximum outstanding	10,310				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)	2018		2019		2020		2021		2022		Thereafter		Total
FHLB borrowings and repurchase agreements	$	220,000	$	—	$	30,000	$	10,000	$	—	$	—	$	260,000
Other repurchase agreements	15,000		—		—		—		—		—		15,000
Subordinated debentures	—		—		—		—		—		10,310		10,310
Total borrowings	$	235,000	$	—	$	30,000	$	10,000	$	—	$	10,310	$	285,310

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, 2017 and 2016, respectively is as follows:

(In thousands, except %ages and years)	2017			2016
Notional amount	$	60,000		$	60,000
Weighted average pay rate	1.26		%	1.43		%
Weighted average receive rate	1.03		%	0.67		%
Weighted average maturity in years	3.36			4.24
Unrealized gains relating to interest rate swaps	$	1,407		$	1,204