Borrowed Funds (Tables)
|
9 Months Ended |
Sep. 30, 2017 |
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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:
|
|
|
|
|
|
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(Dollars in thousands)
|
Nine months ended September 30, 2017
|
Year ended December 31, 2016
|
|
Securities sold under agreements to repurchase:
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|
|
|
|
|
Outstanding at end of period
|
$
|
45,815
|
$
|
36,000
|
|
Weighted average interest rate at end of period
|
|
0.11%
|
|
0.16%
|
|
Maximum amount outstanding as of any month end
|
$
|
45,815
|
$
|
39,456
|
|
Average amount outstanding
|
$
|
32,523
|
$
|
30,899
|
|
Approximate weighted average rate during the period
|
|
0.15%
|
|
0.19%
|
|
| 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)
|
2017
|
2016
|
|
FHLB advances, bearing fixed interest at rates ranging from 1.54% to 3.69% at September 30, 2017
|
$
|
90,000
|
$
|
90,007
|
|
Junior subordinated debt, bearing variable interest rate of 4.07% at September 30, 2017
|
|
30,929
|
|
30,929
|
|
Junior subordinated debt, bearing fixed interest rate of 9.875% at December 31, 2016
|
|
0
|
|
10,801
|
|
Total long-term debt
|
$
|
120,929
|
$
|
131,737
|
|
| Contractual Maturities Of All Long Term Borrowings |
The contractual maturities of all long-term borrowings are as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2017
|
|
December 31, 2016
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|
(in thousands)
|
Fixed Rate
|
Floating Rate
|
Total
|
|
Total
|
|
Due in 2018
|
$
|
20,000
|
$
|
0
|
$
|
20,000
|
|
$
|
20,000
|
|
Due in 2019
|
|
20,000
|
|
0
|
|
20,000
|
|
|
20,000
|
|
Due in 2020
|
|
30,000
|
|
0
|
|
30,000
|
|
|
30,000
|
|
Due in 2021
|
|
20,000
|
|
0
|
|
20,000
|
|
|
20,000
|
|
Thereafter
|
|
0
|
|
30,929
|
|
30,929
|
|
|
41,737
|
|
Total long-term debt
|
$
|
90,000
|
$
|
30,929
|
$
|
120,929
|
|
$
|
131,737
|
|