Short-Term Borrowings

12 Months Ended

Dec. 31, 2015

Short Term Borrowings [Abstract]

Short-Term Borrowings [Text Block]

Note 9 – Short-term Borrowings

Short-term borrowings include federal funds purchased and securities sold under agreements to repurchase, trading liabilities, and other borrowed funds.

Federal funds purchased and securities sold under agreements to repurchase generally have maturities of less than 90 days. Trading liabilities, which represent short positions in securities, are generally held for less than 90 days. Other short-term borrowings have original maturities of one year or less. On December 31, 2015, fixed income trading securities with a fair value of $122.8 million were pledged to secure other short-term borrowings.

The detail of these borrowings for the years 2015, 2014 and 2013 is presented in the following table:
(Dollars in thousands)		Federal Funds Purchased			Securities Sold Under Agreements to Repurchase			Trading Liabilities			Other Short-term Borrowings
2015
Average balance	$	705,054		$	370,097		$	733,189		$	164,951
Year-end balance		464,166			338,133			566,019			137,861
Maximum month-end outstanding		1,228,125			524,191			866,005			339,468
Average rate for the year		0.26	%		0.06	%		2.18	%		0.67	%
Average rate at year-end		0.50			0.09			2.41			0.82
2014
Average balance	$	1,101,910		$	447,801		$	633,867		$	531,984
Year-end balance		1,037,052			562,214			594,314			157,218
Maximum month-end outstanding		1,247,295			562,214			718,767			1,829,141
Average rate for the year		0.25	%		0.08	%		2.43	%		0.30	%
Average rate at year-end		0.25			0.06			2.60			0.56
2013
Average balance	$	1,263,792		$	487,923		$	665,095		$	299,288
Year-end balance		1,042,633			442,789			368,348			181,146
Maximum month-end outstanding		1,429,319			618,643			895,844			1,057,412
Average rate for the year		0.25	%		0.14	%		2.05	%		0.27	%
Average rate at year-end		0.25			0.10			2.46			0.43