Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Borrowings

As of December 31, 2015 and 2014 borrowings consisted of the following:

	2015		2014
Securities sold under agreements to repurchase	$	128,842	$	121,869
Federal Home Loan Bank (FHLB) Fixed-term advances	20,000		20,000
Subordinated debentures	20,620		20,620
Total	$	169,462	$	162,489

Aggregate annual maturities of long-term borrowings

Aggregate annual maturities of FHLB advances and subordinated debentures at December 31, 2015 are:

2016	$	5,000
2017	—
2018	—
2019	—
2020	5,000
Thereafter	30,620
	$	40,620

Securities underlying the repurchase agreements

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

	2015		2014		2013
Securities sold under agreements to repurchase:
Maximum outstanding at any month-end	$	128,842	$	121,869	$	119,187
Average amount outstanding for the year	113,748		97,478		87,468