Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

Borrowings Disclosure Abstract

Schedule of details of short-term borrowings

Details of the Company’s short-term borrowings (original term of one year or less) as of December 31, 2017 and 2016 were as follows:

	December 31,
(dollars in thousands)	2017			2016
Funds Purchased 1
Amounts Outstanding	$	—		$	9,616
Weighted-Average Interest Rate	—		%	0.15		%
Securities Sold Under Agreements to Repurchase (short-term) 2
Amounts Outstanding	$	1,603		$	23,278
Weighted-Average Interest Rate	0.14		%	0.31		%

¹  Federal funds purchased generally mature on the next business day following the date of purchase.

²  Consists entirely of repurchase agreements with government entities. Excludes long-term repurchase agreements with government entities of $3.7 million and $0.1 million as of December 31, 2017, and 2016, respectively, and long-term repurchase agreements with private institutions of $500.0 million as of December 31, 2017 and 2016.