Short-Term Borrowings (Tables)

6 Months Ended

Jun. 30, 2016

Short-Term Borrowings

Schedule of short-term borrowings components and selected information

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

(dollars in thousands)	June 30, 2016		December 31, 2015
Federal funds purchased	$	—	$	—
Securities sold under agreements to repurchase		34,951		216,151
Total short-term borrowings	$	34,951	$	216,151

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

(dollars in thousands)	June 30, 2016			June 30, 2015
Federal funds purchased:
Weighted-average interest rate at June 30,		—	%		—	%
Highest month-end balance	$	—		$	8,000
Average outstanding balance	$	154		$	9,245
Weighted-average interest rate paid		0.09	%		0.02	%
Securities sold under agreements to repurchase:
Weighted-average interest rate at June 30,		0.35	%		0.05	%
Highest month-end balance	$	235,451		$	520,740
Average outstanding balance	$	213,271		$	424,235
Weighted-average interest rate paid		0.08	%		0.03	%

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

At June 30, 2016, the weighted-average remaining maturity of these agreements was 83 days, with maturities as follows:

	Amount
(dollars in thousands)	Maturing
Less than 30 days	$	—
30 through 90 days		30,000
Over 90 days		4,951
Total	$	34,951