Long-Term Borrowings and Subordinated Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Long-Term Borrowings, Interest Expense and Weighted Average Interest Rate

The following table represents the balance of long-term borrowings, the weighted average interest rate as of December 31 and interest expense for the years ended December 31:

(dollars in thousand)	2013			2012			2011
Long-term borrowings	$	21,810		$	34,101		$	31,874
Weighted average interest rate		3.01	%		3.17	%		3.40	%
Interest expense	$	746		$	1,107		$	1,091

Schedule of Annual Maturities and Average Interest Rate of Long-Term Debt

Scheduled annual maturities and average interest rates for all of our long-term debt, including a capital lease of $0.2 million, for each of the five years and thereafter subsequent to December 31, 2013 are as follows:

(dollars in thousands)	Balance		Average Rate
2014	$	2,369		3.36%
2015		2,399		3.41%
2016		2,330		3.44%
2017		2,412		3.53%
2018		2,496		3.67%
Thereafter		9,804		2.44%
Total	$	21,810		3.01%

Schedule of Junior Subordinated Debt Securities and Interest Expense

The following table represents the composition of junior subordinated debt securities at December 31 and the interest expense for the years ended December 31:

	2013				2012				2011
(dollars in thousands)	Balance		Interest Expense		Balance		Interest Expense		Balance		Interest Expense
2006 Junior subordinated debt	$	25,000	$	475	$	25,000	$	523	$	25,000	$	1,344
2008 Junior subordinated debt—trust preferred securities		20,619		770		20,619		808		20,619		777
2008 Junior subordinated debt		—		422		20,000		818		20,000		786
2008 Junior subordinated debt		—		403		25,000		766		25,000		728
Total	$	45,619	$	2,070	$	90,619	$	2,915	$	90,619	$	3,635

Schedule of Junior Subordinated Debt Securities

The following table summarizes the key terms of our junior subordinated debt securities:

(dollars in thousands)	2006 Junior Subordinated Debt	2008 Trust Preferred Securities	2008 Junior Subordinated Debt	2008 Junior Subordinated Debt
Junior Subordinated Debt	$25,000	—	$20,000	$25,000
Trust Preferred Securities	—	$20,000	—	—
Stated Maturity Date	12/15/2036	3/15/2038	6/15/2018	5/30/2018
Optional redemption date at par	Any time after 9/15/2011	Any time after 3/15/2013	Any time after 6/15/2013	Any time after 5/30/2013
Regulatory Capital	Tier 2	Tier 1	Tier 2	Tier 2
Interest Rate	3 month LIBOR plus 160 bps	3 month LIBOR plus 350 bps	3 month LIBOR plus 350 bps	3 month LIBOR plus 250 bps
Interest Rate at December 31, 2013	1.84%	3.74%	—	—