Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v2.4.0.6
Borrowings (Tables)
 9 Months Ended
Sep. 30, 2012
Borrowings [Abstract]  
Short-term borrowings
                 
    September 30,     December 31,  
    2012     2011  

Securities sold under agreements to repurchase

   $ 94,616     $  62,995  

Other short-term borrowings

     59,500       —    
   

 

 

    

 

 

  

Total short-term borrowings

   $  154,116     $ 62,995  
   

 

 

    

 

 

  

Maximum month-end outstanding balance

   $ 154,116     $ 78,622  

Average outstanding balance during the year

     81,061       73,831  

Average interest rate during the year

     0.93 %      0.49 % 

Average interest rate at end of year

     0.31 %      0.47 % 
     
Other short-term borrowings:                

Federal Funds purchased

     19,500       —    

FHLB

     40,000       —    
Advances from the FHLB
                         

Long Term Type

  

Spread to

3-Month LIBOR

  

Interest

Rate

  

Maturity

Date

  

Conversion

Date

  

Option

Frequency

  

Advance

Amount

Adjustable Rate Credit

   0.44%   0.80%   8/23/2022   n/a   n/a   $ 65,000

Adjustable Rate Credit

   0.45%   0.81%   11/23/2022   n/a   n/a   55,000

Adjustable Rate Credit

   0.45%   0.81%   11/23/2022   n/a   n/a   10,000

Adjustable Rate Credit

   0.45%   0.81%   11/23/2022   n/a   n/a   10,000
                       

 
                        $140,000
                       

 

As of December 31, 2011 the advances from the FHLB consisted of the following (dollars in thousands):

 

                     

Long Term Type

  

Interest

Rate

  

Maturity

Date

  

Conversion

Date

  

Option

Frequency

  

Advance

Amount

Convertible

   3.60%   5/23/2018   5/23/2013   Once   $65,000

Convertible

   3.84%   8/22/2018   8/22/2013   Once   55,000

Convertible

   3.60%   5/23/2018   5/23/2013   Once   10,000

Convertible

   3.60%   5/23/2018   5/23/2013   Once   10,000
                   

 
                    $140,000
                   

 
Contractual maturities of long-term debt by interest rate type
                                         
    Adjustable Rate              
    Subordinated
Debt		     Trust
Preferred
Capital Notes		     FHLB
Advances		     Prepayment
Penalty		     Total  Long-term
Borrowings 		 

Remaining three months 2012

   $ —       $ —       $ —       $ (433 )    $ (433 ) 

2013

     —         —         —         (1,744 )      (1,744 ) 

2014

     —         —         —         (1,787 )      (1,787 ) 

2015

     —         —         —         (1,831 )      (1,831 ) 

2016

     15,747       —         —         (1,882 )      13,865  

Thereafter

     —         60,310       140,000       (11,810 )      188,500  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total long-term borrowings

   $ 15,747     $ 60,310     $ 140,000     $ (19,487 )    $ 196,570