Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

Short-Term Borrowings

Schedule of short-term borrowings components and selected information

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

(dollars in thousands)	2016		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 years ended December 31, 2016, 2015 and 2014:

(dollars in thousands)	2016			2015			2014
Federal funds purchased:
Weighted-average interest rate at December 31,		—	%		—	%		—	%
Highest month-end balance	$	—		$	8,000		$	103,000
Average outstanding balance	$	610		$	4,727		$	22,011
Weighted-average interest rate paid		0.25	%		0.05	%		0.05	%
Securities sold under agreements to repurchase:
Weighted-average interest rate at December 31,		0.54	%		0.11	%		0.05	%
Highest month-end balance	$	235,451		$	520,740		$	558,500
Average outstanding balance	$	112,937		$	376,902		$	455,646
Weighted-average interest rate paid		0.17	%		0.05	%		0.05	%

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

At December 31, 2016, the weighted-average remaining maturity of these agreements was 349 days, with maturities as follows:

	Amount
(dollars in thousands)	Maturing
Less than 30 days	$	1,200
30 through 90 days		2,000
Over 90 days		5,951
Total	$	9,151