XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.5.0.2

FHLB Advances, Other Borrowings and Junior Subordinated Notes Payable | 9 Months Ended
--- | ---
Sep. 30, 2016
Debt Disclosure [Abstract] |
FHLB Advances, Other Borrowings and Junior Subordinated Notes Payable | FHLB Advances, Other Borrowings and Junior Subordinated Notes The composition of borrowed funds at September 30, 2016 and December 31, 2015 is shown below. Average balances represent year-to-date averages.
|  | September 30, 2016 |  | December 31, 2015
|  | Balance |  | Average Balance |  | Weighted Average Rate |  | Balance |  | Average Balance |  | Weighted Average Rate
|  | (Dollars in Thousands)
Federal funds purchased |  | $ | — |  |  | $ | 201 |  |  | 0.55 | % |  | $ | — |  |  | $ | 237 |  |  | 0.86 | %
FHLB advances and other borrowings |  | 7,452 |  |  | 10,447 |  |  | 1.89 |  |  | 9,790 |  |  | 15,457 |  |  | 1.14 |
Senior line of credit |  | 10 |  |  | 2,657 |  |  | 3.24 |  |  | 2,510 |  |  | 1,619 |  |  | 3.18 |
Subordinated notes payable |  | 22,484 |  |  | 22,460 |  |  | 7.14 |  |  | 22,440 |  |  | 22,410 |  |  | 7.14 |
Junior subordinated notes |  | 10,001 |  |  | 9,995 |  |  | 11.14 |  |  | 9,990 |  |  | 9,982 |  |  | 11.14 |
|  | $ | 39,947 |  |  | $ | 45,760 |  |  | 6.59 |  |  | $ | 44,730 |  |  | $ | 49,705 |  |  | 5.94 |
Short-term borrowings |  | $ | 1,010 |  |  |  |  |  |  | $ | 7,010 |  |  |  |  |
Long-term borrowings |  | 38,937 |  |  |  |  |  |  | 37,720 |  |  |  |  |
|  | $ | 39,947 |  |  |  |  |  |  | $ | 44,730 |  |  |  |  |
As of September 30, 2016 and December 31, 2015, the Corporation was in compliance with its debt covenants under its third-party secured senior line of credit. Per the promissory note dated February 19, 2016, the Corporation pays a commitment fee on this senior line of credit. During both the nine months ended September 30, 2016 and 2015, the Corporation incurred interest expense due to this fee of 10,000.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 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 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration