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Short-Term Borrowings | 12 Months Ended
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Dec. 31, 2016
Short-Term Borrowings [Abstract] |
Short-Term Borrowings | Note 7. Short-Term Borrowings ﻿ The following table presents information concerning short-term borrowings. ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | December 31,
﻿(in thousands) |  | 2016 |  | 2015
﻿Federal funds purchased: |  |  |  |  |  |
﻿Amount outstanding at period-end |  | $ | 2,275 |  | $ | 10,100
﻿Average amount outstanding during period |  |  | 14,052 |  |  | 15,992
﻿Maximum amount at any month-end during period |  |  | 59,475 |  |  | 13,675
﻿Weighted-average interest at period-end |  |  | 0.38% |  |  | 0.13%
﻿Weighted-average interest rate during period |  |  | 0.50% |  |  | 0.26%
﻿Securities sold under agreements to repurchase: |  |  |  |  |  |
﻿Amount outstanding at period-end |  | $ | 358,131 |  | $ | 513,544
﻿Average amount outstanding during period |  |  | 454,571 |  |  | 539,169
﻿Maximum amount at any month-end during period |  |  | 579,099 |  |  | 609,671
﻿Weighted-average interest at period-end |  |  | 0.04% |  |  | 0.03%
﻿Weighted-average interest rate during period |  |  | 0.03% |  |  | 0.03%
﻿FHLB borrowings: |  |  |  |  |  |
﻿Amount outstanding at period-end |  | $ | 865,000 |  | $ | 900,000
﻿Average amount outstanding during period |  |  | 943,570 |  |  | 469,973
﻿Maximum amount at any month-end during period |  |  | 1,175,000 |  |  | 900,000
﻿Weighted-average interest at period-end |  |  | 0.54% |  |  | 0.32%
﻿Weighted-average interest rate during period |  |  | 0.41% |  |  | 0.18%
﻿ Federal funds purchased represent unsecured borrowings from other banks, generally on an overnight basis. ﻿ Securities sold under agreements to repurchase (“repurchase agreements”) are funds borrowed on a secured basis by selling securities under agreements to repurchase, mainly in connection with treasury-management services offered to deposit customers. The customer repurchase agreements mature daily and were secured by agency securities. As the Company maintains effective control over assets sold und er agreements to repurchase, the securities continue to be carried on the consolidated statements of financial condition. Because the Company acts as borrower transferring assets to the counterparty, and the agreements mature daily, the Company’s risk is very limited. ﻿ The $865 million of FHLB borrowings at December 31, 2016, consist of three $225 million and one $190 million variable-rate term notes, $415 million maturing in 2017 and $450 million maturing in 2020. These notes re-price monthly. At the Company’s option, the notes may be re-paid, either in whole or in-part, on any monthly re-pricing date subject to a two week advanced notice requirement, and therefore are classified as short-term borrowings.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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