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Short-term Borrowings (Tables)
12 Months Ended
Dec. 31, 2015
Short-term Debt [Abstract]  
Summary of Short-Term Borrowings
Short-term borrowings at December 31 were as follows:
 
2015
 
2014
 
2013
 
Ending
Balance
 
Average
Balance
 
Average
Rate
 
Ending
Balance
 
Average
Balance
 
Average
Rate
 
Ending
Balance
 
Average
Balance
 
Average
Rate
 
(dollars in thousands)
Federal funds purchased
$
4,000

 
$
14,832

 
0.36
%
 
$
9,000

 
$
11,691

 
0.36
%
 
$
16,000

 
$
11,982

 
0.36
%
Borrowings from FHLB
1,400,000

 
1,117,522

 
0.42

 
945,000

 
644,651

 
0.31

 
478,100

 
335,449

 
0.27

Securities sold under agreements to repurchase
106,825

 
120,177

 
0.23

 
151,876

 
159,051

 
0.24

 
132,515

 
130,957

 
0.25

Total
$
1,510,825

 
$
1,252,531

 
0.40

 
$
1,105,876

 
$
815,393

 
0.30

 
$
626,615

 
$
478,388

 
0.26

Maximum total at any month-end
$
1,510,825

 
 
 
 
 
$
1,105,876

 
 
 
 
 
$
626,615

 
 
 
 
Weighted average rate at year-end
 
 
 
 
0.53
%
 
 
 
 
 
0.30
%
 
 
 
 
 
0.27
%
Interest Expense on Short-Term Borrowings
Interest expense on short-term borrowings for the years ended December 31 is detailed below:
 
2015
 
2014
 
2013
 
(dollars in thousands)
Federal funds purchased
$
54

 
$
42

 
$
43

Borrowings from FHLB
4,684

 
2,019

 
893

Securities sold under agreements to repurchase
280

 
388

 
326

Total interest on short-term borrowings
$
5,018

 
$
2,449

 
$
1,262