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Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2017

Borrowed Funds [Abstract]

Summary of Short Term Borrowings



The following is a summary of short-term borrowings with original maturities of less than one year:






(Dollars in thousands)	Nine months ended September 30, 2017		Year ended December 31, 2016
Securities sold under agreements to repurchase:
   Outstanding at end of period	$	45,815	$	36,000
   Weighted average interest rate at end of period		0.11%		0.16%
   Maximum amount outstanding as of any month end	$	45,815	$	39,456
   Average amount outstanding	$	32,523	$	30,899
   Approximate weighted average rate during the period		0.15%		0.19%



Summary of Long Term Borrowings

The following is a summary of long-term borrowings with original maturities exceeding one year:






	September 30,		December 31,
(in thousands)	2017		2016
FHLB advances, bearing fixed interest at rates ranging from 1.54% to 3.69% at September 30, 2017	$	90,000	$	90,007
Junior subordinated debt, bearing variable interest rate of 4.07% at September 30, 2017		30,929		30,929
Junior subordinated debt, bearing fixed interest rate of 9.875% at December 31, 2016		0		10,801
Total long-term debt	$	120,929	$	131,737



Contractual Maturities Of All Long Term Borrowings





The contractual maturities of all long-term borrowings are as follows:






	September 30, 2017							December 31, 2016
(in thousands)	Fixed Rate		Floating Rate		Total			Total
Due in 2018	$	20,000	$	0	$	20,000		$	20,000
Due in 2019		20,000		0		20,000			20,000
Due in 2020		30,000		0		30,000			30,000
Due in 2021		20,000		0		20,000			20,000
Thereafter		0		30,929		30,929			41,737
Total long-term debt	$	90,000	$	30,929	$	120,929		$	131,737



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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

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