| Schedule of borrowings |
|
| The following table summarized the Company’s borrowings as of December 31: |
| |
| (in thousands) |
|
2013 |
|
|
2012 |
|
| Overnight FHLB advances |
|
$ |
215,738 |
|
|
$ |
0 |
|
| Term FHLB advances |
|
|
101,293 |
|
|
|
91,847 |
|
| Other |
|
|
14,500 |
|
|
|
20,001 |
|
| Total other borrowings |
|
$ |
331,531 |
|
|
$ |
111,848 |
|
|
| Schedule of fixed-rate callable advances from FHLB |
Maturities of advances due over one year include
$30.0 million in 2015 and $50.0 million in 2017.
| |
|
Current Balance |
|
|
Rate |
|
|
Maturity Date |
|
Call Date |
|
Call Frequency |
|
Call Features |
| |
|
|
10,000,000 |
|
|
|
4.68 |
% |
|
June 9, 2014 |
|
March 9, 2014 |
|
Quarterly |
|
FHLB Option |
| |
|
|
10,000,000 |
|
|
|
4.76 |
% |
|
June 9, 2014 |
|
March 9, 2014 |
|
Quarterly |
|
FHLB Option |
| |
|
|
5,000,000 |
|
|
|
4.41 |
% |
|
March 29, 2017 |
|
March 30, 2014 |
|
Quarterly |
|
LIBOR strike 6.0% |
| |
|
|
5,000,000 |
|
|
|
4.89 |
% |
|
May 22, 2017 |
|
February 22, 2014 |
|
Quarterly |
|
LIBOR strike 7.0% |
| |
|
|
10,000,000 |
|
|
|
4.92 |
% |
|
June 8, 2017 |
|
March 9, 2014 |
|
Quarterly |
|
FHLB Option |
| |
|
|
10,000,000 |
|
|
|
5.14 |
% |
|
June 8, 2017 |
|
March 9, 2014 |
|
Quarterly |
|
LIBOR strike 7.0% |
| |
|
|
10,000,000 |
|
|
|
5.19 |
% |
|
June 8, 2017 |
|
March 9, 2014 |
|
Quarterly |
|
FHLB Option |
| Total |
|
$ |
60,000,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|