Short-term Borrowings

12 Months Ended

Dec. 31, 2014

Short-term Debt [Abstract]

Short-term Borrowings

Short-term Borrowings

Short-term borrowings at December 31 were as follows:

	2014						2013						2012
	Ending Balance		Average Balance		Average Rate		Ending Balance		Average Balance		Average Rate		Ending Balance		Average Balance		Average Rate
	(dollars in thousands)
Federal funds purchased	$	9,000	$	11,691	0.36	%	$	16,000	$	11,982	0.36	%	$	34,000	$	47,727	0.27	%
Borrowings from FHLB	945,000		644,651		0.31		478,100		335,449		0.27		178,100		214,703		0.25
Securities sold under agreements to repurchase	151,876		159,051		0.24		132,515		130,957		0.25		144,127		139,766		0.28
Total	$	1,105,876	$	815,393	0.30		$	626,615	$	478,388	0.26		$	356,227	$	402,196	0.27
Maximum total at any month-end	$	1,105,876					$	626,615					$	486,144
Weighted average rate at year-end					0.30	%					0.27	%					0.25	%

Interest expense on short-term borrowings for the years ended December 31 is detailed below:

	2014		2013		2012
	(dollars in thousands)
Federal funds purchased	$	42	$	43	$	128
Borrowings from FHLB	2,019		893		545
Securities sold under agreements to repurchase	388		326		397
Total interest on short-term borrowings	$	2,449	$	1,262	$	1,070