Short-Term Borrowings (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Short-Term Borrowings

Schedule of short-term borrowings components and selected information

At September 30, 2016 and December 31, 2015, short-term borrowings were comprised of the following:

(dollars in thousands)	September 30, 2016		December 31, 2015
Federal funds purchased	$	—	$	—
Securities sold under agreements to repurchase		9,151		216,151
Total short-term borrowings	$	9,151	$	216,151

The table below provides selected information for short-term borrowings for the nine months ended September 30, 2016 and 2015:

(dollars in thousands)	September 30, 2016			September 30, 2015
Federal funds purchased:
Weighted-average interest rate at September 30,		—	%		—	%
Highest month-end balance	$	—		$	8,000
Average outstanding balance	$	168		$	6,302
Weighted-average interest rate paid		0.17	%		0.04	%
Securities sold under agreements to repurchase:
Weighted-average interest rate at September 30,		0.54	%		0.05	%
Highest month-end balance	$	235,451		$	520,740
Average outstanding balance	$	147,784		$	404,053
Weighted-average interest rate paid		0.12	%		0.04	%

At December 31, 2015 and 2014, short‑term borrowings were comprised of the following:

	December 31,
(dollars in thousands)	2015		2014
Federal funds purchased	$	—	$	—
Securities sold under agreements to repurchase		216,151		386,151
Total short‑term borrowings	$	216,151	$	386,151

The table below provides selected information for short‑term borrowings:

(dollars in thousands)	2015			2014
Federal funds purchased:
Weighted‑average interest rate at December 31		—	%		—	%
Highest month‑end balance	$	8,000		$	103,000
Average outstanding balance	$	4,727		$	22,011
Weighted‑average interest rate paid		0.05	%		0.05	%
Securities sold under agreements to repurchase:
Weighted‑average interest rate at December 31		0.11	%		0.05	%
Highest month‑end balance	$	520,740		$	558,500
Average outstanding balance	$	376,902		$	455,646
Weighted‑average interest rate paid		0.05	%		0.05	%

Schedule of weighted-average remaining maturity of securities sold under agreements to repurchase

At September 30, 2016, the weighted-average remaining maturity of these agreements was 441 days, with maturities as follows:

	Amount
(dollars in thousands)	Maturing
Less than 30 days	$	—
30 through 90 days		—
Over 90 days		9,151
Total	$	9,151

	Amount
(dollars in thousands)	Maturing
Less than 30 days	$	6,200
30 through 90 days		5,000
Over 90 days		204,951
Total	$	216,151