Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization, from the Fox Chase acquisition.



	Balance at End of Year		Weighted Average Interest Rate		Maximum Amount Outstanding at Month End During the Year		Average Amount Outstanding During the Year		Weighted Average Interest Rate During the Year
(Dollars in thousands)
2017
Short-term borrowings:
FHLB borrowings	$	30,225	1.54	%	$	124,500	$	50,063	1.10	%
Federal funds purchased	55,000		1.56		95,000		32,282		1.05
Customer repurchase agreements	20,206		0.05		26,376		23,207		0.05

Long-term debt:
FHLB advances	$	125,036	1.73	%	$	190,689	$	155,073	1.43	%
Security repurchase agreements	30,792		1.52		31,234		31,036		1.30

Subordinated notes	$	94,331	5.35	%	$	94,331	$	94,208	5.35	%

2016
Short-term borrowings:
FHLB borrowings	$	91,300	0.74	%	$	206,000	$	50,757	0.58	%
Federal funds purchased	80,000		0.81		125,000		24,783		0.61
Customer repurchase agreements	24,871		0.05		30,011		26,173		0.05
Other short-term borrowings*	—		—		79,960		1,525		18.83

Long-term debt:
FHLB advances	$	96,248	0.94	%	$	96,471	$	45,179	0.89	%
Security repurchase agreements	31,274		0.91		31,475		15,786		0.93

Subordinated notes	$	94,087	5.36	%	$	94,087	$	71,851	5.39	%

*Other short-term borrowings during 2016 consisted of a short-term bridge loan with a correspondent bank and associated fees.

Schedule of Maturities of Long-term FHLB Advances

Long-term advances with the FHLB of Pittsburgh mature as follows:



(Dollars in thousands)	As of December 31, 2017		Weighted Average Rate
2018	$	10,036	0.69	%
2019	10,000		1.35
2020	40,000		1.70
2021	55,000		1.94
2022	10,000		2.09
Thereafter	—		—
Total	$	125,036	1.73	%

Schedule of Maturities of Other Long-term Borrowings

Long-term debt under security repurchase agreements with large commercial banks mature as follows:



(Dollars in thousands)	As of December 31, 2017		Weighted Average Rate
2018	$	10,192	1.13	%
2019	10,266		1.70
2020	10,334		1.71
2021	—		—
2022	—		—
Thereafter	—		—
Total	$	30,792	1.52	%