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Long-Term Borrowings | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Long-Term Borrowings | Note 8. Long-Term Borrowings The following table presents information related to the Company’s long-term borrowings as of June 30, 2017, December 31, 2016 and June 30, 2016.
(dollars in thousands) |  | June 30, 2017 |  |  | December 31, 2016 |  |  | June 30, 2016 |
Subordinated Notes, 5.75% |  | $ | 70,000 |  |  | $ | 70,000 |  |  | $ | 70,000 |
Subordinated Notes, 5.0% |  |  | 150,000 |  |  |  | 150,000 |  |  |  | — |
Less: debt issuance costs |  |  | (3,290 | ) |  |  | (3,486 | ) |  |  | (1,011 | )
Long-term borrowings |  | $ | 216,710 |  |  | $ | 216,514 |  |  | $ | 68,989 |
On August 5, 2014, the Company completed the sale of $70.0 million of its 5.75% subordinated notes, due September 1, 2024 (the “Notes”). The Notes were offered to the public at par and qualify as Tier 2 capital for regulatory purposes to the fullest extent permitted under the Basel III Rule capital requirements. The net proceeds were approximately $68.8 million, which includes $1.2 million in deferred financing costs which are being amortized over the life of the Notes. On July 26, 2016, the Company completed the sale of $150.0 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes, due August 1, 2026 (the “2026 Notes”). The 2026 Notes were offered to the public at par and qualify as Tier 2 capital for regulatory purposes to the fullest extent permitted under the Basel III Rule capital requirements. The net proceeds were approximately $147.35 million, which includes $2.6 million in deferred financing costs which are being amortized over the life of the 2026 Notes.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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