Borrowed Funds and Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2018

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:

	2018				2017				2016
(In thousands)	Amount		Rate		Amount		Rate		Amount		Rate
FHLB borrowings and repurchase agreements:
At December 31,	$	210,000	2.31	%	$	260,000	1.59	%	$	106,000	1.83	%
Year-to-date average	121,970		1.78		110,420		1.75		88,754		2.21
Maximum outstanding	238,000				260,000				106,000
Repurchase agreements:
At December 31,	$	—	—	%	$	15,000	3.67	%	$	15,000	3.67	%
Year-to-date average	2,384		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	%	$	10,310	2.40	%
Year-to-date average	10,310		2.40		10,310		2.40		11,099		2.35
Maximum outstanding	10,310				10,310				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)	2019		2020		2021		2022		2023		Thereafter		Total
FHLB borrowings	$	210,000	$	—	$	—	$	—	$	—	$	—	$	210,000
Subordinated debentures	—		—		—		—		—		10,310		10,310
Total borrowings	$	210,000	$	—	$	—	$	—	$	—	$	10,310	$	220,310

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, 2018 and 2017, respectively is as follows:

(In thousands, except percentages and years)	2018			2017
Notional amount	$	60,000		$	60,000
Weighted average pay rate	1.26		%	1.26		%
Weighted average receive rate	1.88		%	1.03		%
Weighted average maturity in years	2.36			3.36
Unrealized gains relating to interest rate swaps	$	1,433		$	1,407