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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies.  
Schedule of outstanding financial commitments

                                                                                                                                                                                    

 

 

 

December 31,
2015

 

December 31,
2014

 

 

 

 

(dollars in thousands)

 

Commitments to extend credit

 

  $

242,125 

 

  $

237,733 

 

Standby letters of credit (1)

 

 

12,968 

 

 

15,542 

 

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Total commitments and standby letters of credit

 

  $

255,093 

 

  $

253,275 

 

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(1)          

Includes a standby letter of credit to one customer in the amount of $10.4 million at December 31, 2015 and 2014.

 

Summary of future minimum required contractual payments the Bank is expected to make based upon obligations

                                                                                                                                                                                    

 

 

 

Less Than
One Year

 

One to Three
Years

 

Three to Five
Years

 

More than
Five Years

 

December 31,
2015

 

December 31,
2014

 

 

 

 

(dollars in thousands)

 

Deposits (1)

 

  $

1,465,811 

 

  $

64,173 

 

  $

30,445 

 

  $

4,515 

 

  $

1,564,944 

 

  $

1,394,764 

 

FHLB Advances and other borrowings

 

 

38,500 

 

 

16,000 

 

 

21,000 

 

 

28,000 

 

 

103,500 

 

 

95,500 

 

Operating lease obligations

 

 

1,418 

 

 

1,721 

 

 

1,487 

 

 

2,457 

 

 

7,083 

 

 

8,152 

 

Salary continuation payments

 

 

262 

 

 

524 

 

 

524 

 

 

3,280 

 

 

4,590 

 

 

4,959 

 

Junior subordinated debentures

 

 

-    

 

 

-    

 

 

-    

 

 

13,496 

 

 

13,496 

 

 

16,496 

 

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Total obligations

 

  $

1,505,991 

 

  $

82,418 

 

  $

53,456 

 

  $

51,748 

 

  $

1,693,613 

 

  $

1,519,871 

 

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(1)          

Deposits with no stated maturity of $1.3 billion are included in amounts due less than one year.