Borrowed Funds (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
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| Borrowed Funds [Abstract] |
|
| Summary of Short Term Borrowings |
The following is a summary of short-term borrowings with original maturities of less than one year:
|
|
|
|
|
|
|
(Dollars in thousands)
|
Nine months ended September 30, 2016
|
Year ended December 31, 2015
|
|
Securities sold under agreements to repurchase:
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|
|
|
|
|
Outstanding at end of period
|
$
|
35,785
|
$
|
35,828
|
|
Weighted average interest rate at end of period
|
|
0.12%
|
|
0.16%
|
|
Maximum amount outstanding as of any month end
|
$
|
39,456
|
$
|
47,131
|
|
Average amount outstanding
|
$
|
29,505
|
$
|
35,908
|
|
Approximate weighted average rate during the period
|
|
0.14%
|
|
0.16%
|
|
| Summary of Long Term Borrowings |
The following is a summary of long-term borrowings with original maturities exceeding one year:
|
|
|
|
|
|
|
|
September 30,
|
December 31,
|
|
(in thousands)
|
2016
|
2015
|
|
FHLB advances, bearing fixed interest at rates ranging from 1.34% to 3.69% at September 30, 2016
|
$
|
105,017
|
$
|
105,807
|
|
Junior subordinated debt, bearing variable interest rate of 3.61% at September 30, 2016
|
|
30,929
|
|
30,929
|
|
Junior subordinated debt, bearing fixed interest rate of 9.88% at September 30, 2016
|
|
10,801
|
|
10,801
|
|
Total long-term debt
|
$
|
146,747
|
$
|
147,537
|
|
| Contractual Maturities Of All Long Term Borrowings |
The contractual maturities of all long-term borrowings are as follows:
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|
|
|
|
|
|
|
|
|
|
|
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September 30, 2016
|
|
December 31, 2015
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|
(in thousands)
|
Fixed Rate
|
Floating Rate
|
Total
|
|
Total
|
|
Due in 2016
|
|
0
|
|
0
|
|
0
|
|
|
0
|
|
Due in 2017
|
|
0
|
|
0
|
|
0
|
|
|
0
|
|
Due in 2018
|
|
20,000
|
|
0
|
|
20,000
|
|
|
20,000
|
|
Due in 2019
|
|
20,000
|
|
0
|
|
20,000
|
|
|
0
|
|
Due in 2020
|
|
30,000
|
|
0
|
|
30,000
|
|
|
30,000
|
|
Thereafter
|
|
45,818
|
|
30,929
|
|
76,747
|
|
|
97,537
|
|
Total long-term debt
|
$
|
115,818
|
$
|
30,929
|
$
|
146,747
|
|
$
|
147,537
|
|