Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

v2.4.0.6
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2012
Borrowings [Abstract]  
Short-term borrowings
                 
    2012     2011  

Securities sold under agreements to repurchase

   $ 54,270     $ 62,995  

Other short-term borrowings

     78,000       —    
   

 

 

    

 

 

  

Total short-term borrowings

   $ 132,270     $ 62,995  
   

 

 

    

 

 

  
     

Maximum month-end outstanding balance

   $ 154,116     $ 78,622  

Average outstanding balance during the year

     91,993       73,831  

Average interest rate during the year

     0.31 %      0.49 % 

Average interest rate at end of year

     0.28 %      0.47 % 
     

Other short-term borrowings:

                

Federal Funds purchased

     38,000       —    

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 %      0.75 %    8/23/2022   n/a   n/a   $ 55,000  

Adjustable Rate Credit

     0.45 %      0.76 %    11/23/2022   n/a   n/a     65,000  

Adjustable Rate Credit

     0.45 %      0.76 %    11/23/2022   n/a   n/a     10,000  

Adjustable Rate Credit

     0.45 %      0.76 %    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
                                 
    Subordintated
Debt		     FHLB
Advances		     Prepayment
Penalty		     Total Long-term
Borrowings		  

2013

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

2014

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

2015

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

2016

     15,870       —         (1,882 )      13,988  

2017

     —         —         (1,923 )      (1,923 ) 

Thereafter

     —         140,000       (9,888 )      130,112  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total long-term borrowings

   $ 15,870     $ 140,000     $ (19,055 )    $ 136,815