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Borrowings and Borrowings Availability (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2017 and 2016:

Description – 2017		Due date		Call Feature		2017 Amount				Interest Rate
FHLB Term Note		1/05/2018		None		$	135,000,000			1.36% fixed
FHLB Term Note		1/29/2018		None			68,000,000			1.41% fixed
FHLB Term Note		4/18/2018		None			50,000,000			1.25% fixed
FHLB Term Note		6/26/2018		None			20,000,000			1.67% fixed
FHLB Term Note		9/28/2018		None			10,000,000			1.52% fixed
FHLB Term Note		12/24/2018		None			20,000,000			1.57% fixed
FHLB Term Note		5/29/2020		None			40,000,000			1.62% fixed
FHLB Principal Reducing Credit		7/24/2023		None			250,000			1.00% fixed
FHLB Principal Reducing Credit		12/22/2023		None			1,100,000			1.25% fixed
FHLB Principal Reducing Credit		1/15/2026		None			8,500,000			1.98% fixed
FHLB Principal Reducing Credit		6/26/2028		None			264,000			0.25% fixed
FHLB Principal Reducing Credit		7/17/2028		None			66,000			0.00% fixed
FHLB Principal Reducing Credit		8/18/2028		None			195,000			1.00% fixed
FHLB Principal Reducing Credit		8/22/2028		None			195,000			1.00% fixed
FHLB Principal Reducing Credit		12/20/2028		None			391,000			1.50% fixed
Trust Preferred Securities		1/23/2034		Quarterly by Company beginning 1/23/2009			20,620,000			4.08% at 12/31/2017 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities		6/15/2036		Quarterly by Company beginning 6/15/2011			25,774,000			2.98% at 12/31/2017 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities		1/07/2035		Quarterly by Company beginning 1/7/2010			10,310,000			3.36% at 12/31/2017 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2017						$	410,665,000			1.72%
Unamortized discount on acquired borrowings							(3,122,000	)
Total borrowings						$	407,543,000

Description - 2016		Due date		Call Feature		2016 Amount				Interest Rate
FHLB Term Note		1/27/2017		None		$	20,000,000			0.61% fixed
FHLB Term Note		1/30/2017		None			80,000,000			0.63% fixed
FHLB Term Note		4/18/2017		None			50,000,000			0.70% fixed
FHLB Term Note		12/26/2017		None			20,000,000			1.19% fixed
FHLB Term Note		12/29/2017		None			35,000,000			0.80% fixed
FHLB Term Note		12/24/2018		None			20,000,000			1.57% fixed
Trust Preferred Securities		1/23/2034		Quarterly by Company beginning 1/23/2009			20,620,000			3.59% at 12/31/2016 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities		6/15/2036		Quarterly by Company beginning 6/15/2011			25,774,000			2.35% at 12/31/2016 adjustable rate 3 month LIBOR + 1.39%
Total borrowings / weighted average rate as of December 31, 2016						$	271,394,000			1.16%

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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