Other Borrowings (Tables)
 12 Months Ended
Dec. 31, 2014
Other Borrowings Tables  
Schedule of borrowings

The following table summarized the Company’s borrowings as of December 31:

 

(in thousands)   2014   2013
Overnight FHLB advances   $ 232,080     $ 215,738  
Term FHLB advances     110,961       101,293  
Other     13,500       14,500  
Total other borrowings   $ 356,541     $ 331,531
Schedule of fixed-rate callable advances from FHLB

The Company’s FHLB borrowings at December 31, 2014 included $40.0 million, at cost, in fixed-rate callable borrowings, which can be called by the FHLB if certain conditions are met. Additional details on the fixed-rate callable advances are provided in the following table.

 

 

Current Balance   Rate   Maturity Date   Call Date   Call Frequency   Call Features
  5,000,000       4.41 %     March 29, 2017     March 30, 2015   Quarterly   LIBOR strike 6.0%
  5,000,000       4.89 %     May 22, 2017     February 22, 2015   Quarterly   LIBOR strike 7.0%
  10,000,000       4.92 %     June 8, 2017     March 9, 2015   Quarterly   FHLB Option
  10,000,000       5.14 %     June 8, 2017     March 9, 2015   Quarterly   LIBOR strike 7.0%
  10,000,000       5.19 %     June 8, 2017     March 9, 2015   Quarterly   FHLB Option
Total $  40,000,000