Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Borrowings

As of December 31, 2017 and 2016 borrowings consisted of the following (in thousands):

	2017		2016
Securities sold under agreements to repurchase	$	155,388	$	185,763
Federal Home Loan Bank (FHLB) Fixed-term advances	60,038		40,094
Subordinated debentures	24,000		23,917
Other borrowings:
Due in one year or less	—		4,000
Due after one year (2020)	10,313		14,063
Total	$	249,739	$	267,837

Aggregate annual maturities of long-term borrowings

Aggregate annual maturities of FHLB advances and subordinated debentures (excluding unamortized discounts and premiums) at December 31, 2017 are (in thousands):

	FHLB		Subordinated Debentures
2018	$	25,000	$	—
2019	5,000		—
2020	15,000		—
2021	10,000		—
2022	—		—
Thereafter	5,000		24,620
	$	60,000	$	24,620
Unamortized premium (discount)	$	38	$	(620	)
	$	60,038	$	24,000

Securities underlying the repurchase agreements

(in thousands)	2017		2016		2015
Securities sold under agreements to repurchase:
Maximum outstanding at any month-end	$	163,626	$	185,763	$	128,842
Average amount outstanding for the year	144,674		129,734		113,748