BORROWED FUNDS (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Debt Disclosure [Abstract] |
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| Information Related to Short-term Borrowings |
Information related to short-term borrowings is summarized as follows:
| | | | | | | | | | | | | | (Dollars in thousands) | | 2016 | | 2015 | | 2014 | Balance at end of year | | $ | 87,733 |
| | $ | 179,917 |
| | $ | 95,829 |
| Average balance during the year | | 137,822 |
| | 121,425 |
| | 76,185 |
| Maximum month-end balance | | 210,600 |
| | 179,917 |
| | 120,229 |
| Weighted-average rate during the year | | 0.51 | % | | 0.34 | % | | 0.27 | % | Weighted-average rate at December 31 | | 0.74 | % | | 0.44 | % | | 0.32 | % |
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| Information Related To Repurchase Agreements |
Information related to repurchase agreements is summarized as follows:
| | | | | | | | | | | | | | (Dollars in thousands) | | 2016 | | 2015 | | 2014 | Balance at end of year | | $ | 25,160 |
| | $ | 27,437 |
| | $ | 32,673 |
| Average balance during the year | | 27,066 |
| | 26,884 |
| | 55,731 |
| Maximum month-end balance | | 29,561 |
| | 32,470 |
| | 83,781 |
| Weighted-average rate during the year | | 0.27 | % | | 0.31 | % | | 0.52 | % | Weighted-average rate at December 31 | | 0.28 | % | | 0.30 | % | | 0.35 | % |
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| Long-term Notes from the FHLB |
Long-term notes from the FHLB as of December 31, were as follows: | | | | | | | | | | (Dollars in thousands) | | 2016 | | 2015 | Fixed interest rate notes, originating between April 2002 and December 2007, due between July 2016 and April 2022, interest of between 4.50% and 5.90% payable monthly | | $ | 2,390 |
| | $ | 2,461 |
| Amortizing fixed interest rate note, originating February 2007, due February 2022, payable in monthly installments of $5 thousand, including interest of 5.22% | | 798 |
| | 820 |
| | | $ | 3,188 |
| | $ | 3,281 |
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| Information Related to Subordinated Debt |
Information related to subordinated debt is summarized as follows:
| | | | | | | | | | | | | | (Dollars in thousands) | | 2016 | | 2015 | | 2014 | Balance at end of year | | $ | 33,524 |
| | $ | 33,524 |
| | $ | 33,524 |
| Average balance during the year | | 33,524 |
| | 33,524 |
| | 19,361 |
| Maximum month-end balance | | 33,524 |
| | 33,524 |
| | 33,524 |
| Weighted-average rate during the year | | 6.64 | % | | 6.57 | % | | 6.01 | % | Weighted-average rate at December 31 | | 6.63 | % | | 6.57 | % | | 6.53 | % |
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| Maturities of Borrowings and Subordinated Debt |
A summary of maturities of borrowings and subordinated debt over the next five years is as follows (dollars in thousands):
| | | | | | Year | | Amount | 2017 | | 88,348 |
| 2018 | | 81 |
| 2019 | | 85 |
| 2020 | | 90 |
| 2021 | | 886 |
| Thereafter | | 34,955 |
| | | $ | 124,445 |
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