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Borrowed Funds (Tables)
3 Months Ended
Mar. 31, 2014
Borrowed Funds [Abstract]  
Schedule of Short-Term Borrowings
The details of these short-term borrowings are presented in the following table.
 
 
 
March 31, 2014
 
 
December 31, 2013
 
 
 
(dollars in thousands)
 
Interest rate:
 
 
 
 
 
 
 
 
At quarter end
 
 
%
 
 
%
Average for the quarter
 
 
0.38
%
 
 
%
Average amount outstanding during the quarter
 
$
500
 
 
$
 
Maximum amount outstanding at any month end in the quarter
 
$
 
 
$
 
Amount outstanding at quarter end
 
$
 
 
$
Schedule of Long-Term Borrowings
At March 31, 2014 and December 31, 2013, FHLB advances had a weighted average interest rate of 3.26 and 3.26 percent, respectively, and are contractually scheduled for repayment as follows: 
 
 
 
March 31, 2014
 
 
 
(in thousands)
 
2015
 
$
 
2016
 
 
 
2017
 
 
35,000
 
2018
 
 
40,000
 
2020
 
 
40,000
 
Total
 
$
115,000
Schedule of Securities Sold Under Agreement to Repurchase
contractually scheduled for repayment as follows:
 
 
 
March 31, 2014
 
 
 
(in thousands)
 
2015
 
$
 
2016
 
 
 
2017
 
 
15,000
 
2018
 
 
16,000
 
Total
 
$
31,000