Borrowings (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Borrowings

As of December 31, 2013 and 2012 borrowings consisted of the following:

	2013		2012
Securities sold under agreements to repurchase	$	119,187	$	113,484
Federal Home Loan Bank (FHLB) advances:
Fixed-term advances	20,000		5,000
Subordinated debentures	20,620		20,620
Total	$	159,807	$	139,104

Aggregate annual maturities of long-term borrowings

Aggregate annual maturities of FHLB advances and subordinated debentures at December 31, 2013 are:

2014	$	10,000
2015	5,000
2016	5,000
2017	—
2018	—
Thereafter	20,620
	$	40,620

Securities underlying the repurchase agreements

The securities underlying the repurchase agreements are under the Company’s control.

	2013		2012		2011
Securities sold under agreements to repurchase:
Maximum outstanding at any month-end	$	119,187	$	118,030	$	132,380
Average amount outstanding for the year	87,468		113,443		108,240