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Other Borrowings (Tables)
 12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Summary of Other Borrowings

Other borrowings consist of the following:

 

     December 31,  
     2013      2012  
     (Dollars in Thousands)  

Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014.

    $ 165,000       $ –   

Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% at December 31, 2013) due in August 2016, secured by subsidiary bank stock.

      10,000         –   

Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at December 31, 2013).

      5,000         –   

Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.99% at December 31, 2013).

      14,572        –   
  

 

 

     

 

 

  
   $ 194,572       $ –