XML 59 R43.htm IDEA: XBRL DOCUMENT v3.6.0.2
Long-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Borrowings

Following is a summary of long-term borrowings:

 

December 31    2016      2015  
(in thousands)              

Federal Home Loan Bank advances

   $ 305,110      $ 400,017  

Subordinated notes

     87,147        84,668  

Junior subordinated debt

     48,600        58,298  

Other subordinated debt

     98,637        98,497  
  

 

 

    

 

 

 

Total long-term borrowings

   $ 539,494      $ 641,480  
  

 

 

    

 

 

 
Scheduled Annual Maturities for Long-Term Borrowings

Scheduled annual maturities for the long-term borrowings for the years following December 31, 2016 are as follows:

 

(in thousands)       

2017

   $ 179,147  

2018

     61,800  

2019

     43,557  

2020

     49,339  

2021

     47,665  

Later years

     157,986  
  

 

 

 

Total

   $ 539,494  
  

 

 

 
Schedule of Weighted Average Interest Rate on Subordinated Notes

The weighted average interest rate on the subordinated notes are presented in the following table:

 

December 31    2016     2015     2014  

Subordinated notes weighted average interest rate

     2.71     2.73     2.70 %
Junior Subordinated Debt Trusts

The following table provides information relating to the Trusts as of December 31, 2016:

 

(dollars in thousands)   Trust
Preferred
Securities
    Common
Securities
    Junior
Subordinated
Debt
    Stated
Maturity
Date
    Interest
Rate
     

F.N.B. Statutory Trust II

  $ 21,500     $ 665     $ 22,165       6/15/36       2.61   Variable; LIBOR + 165 basis points (bps)

Omega Financial Capital Trust I

    26,000       1,114       26,435       10/18/34       3.07   Variable; LIBOR + 219 bps
 

 

 

   

 

 

   

 

 

       

Total

  $ 47,500     $ 1,779     $ 48,600