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Borrowings (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Borrowings
As of December 31, 2016 and 2015 borrowings consisted of the following (in thousands):
 
 
2016
 
2015
Securities sold under agreements to repurchase
 
$
185,763

 
$
128,842

 
 
 

 
 

Federal Home Loan Bank (FHLB) Fixed-term advances
 
40,094

 
20,000

Subordinated debentures
 
23,917

 
20,620

Other borrowings:
 
 

 
 

Due in one year or less
 
4,000

 

         Due after one year
 
14,063

 

Total
 
$
267,837

 
$
169,462

Aggregate annual maturities of long-term borrowings
Aggregate annual maturities of FHLB advances and subordinated debentures (excluding unamortized discounts and premiums) at December 31, 2016 are (in thousands):
 
FHLB
 
Subordinated Debentures
2017
$
5,000

 
$

2018
20,000

 

2019

 

2020
5,000

 

2021
5,000

 

Thereafter
5,000

 
24,620

 
$
40,000

 
$
24,620

Unamortized premium (discount)
$
94

 
$
(703
)
 
$
40,094

 
$
23,917

Securities underlying the repurchase agreements
 
 
2016
 
2015
 
2014
Securities sold under agreements to repurchase:
 
 
 
 
 
 
Maximum outstanding at any month-end
 
$
185,763

 
$
128,842

 
$
121,869

Average amount outstanding for the year
 
129,734

 
113,748

 
97,478