XML 56 R39.htm IDEA: XBRL DOCUMENT v2.4.1.9
Borrowings (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds Outstanding
The following table summarizes other borrowed funds as presented on the consolidated statements of condition at:
 
December 31,
 
2014
 
2013
Short-Term Borrowings:
  

 
  

Securities sold under repurchase agreements – retail
$
157,758

 
$
130,047

FHLBB advances less than 90 days
245,000

 
230,000

FHLBB and correspondent bank overnight borrowings
43,100

 
38,800

Capital lease obligation
63

 
60

Notes payable

 
25

Total short-term borrowings
445,921

 
398,932

Long-Term Borrowings:
  

 
  

Securities sold under repurchase agreements – commercial
30,097

 
30,142

Capital lease obligation
921

 
984

Total long-term borrowings
31,018

 
31,126

Total other borrowed funds
$
476,939

 
$
430,058

Schedule of Amounts Outstanding and Interest Rates of Short-term Borrowings
:
 
December 31,
 
2014
 
2013
 
2012
Balance outstanding at end of year
$
445,921

 
$
398,932

 
$
192,681

Average daily balance outstanding
417,585

 
271,281

 
261,335

Maximum balance outstanding at any month end
467,811

 
398,932

 
346,786

Weighted average interest rate for the year
0.19
%
 
0.19
%
 
0.21
%
Weighted average interest rate at end of year
0.20
%
 
0.16
%
 
0.18
%
Schedule of Securities Sold Under Agreements to Repurchase--Commercial
The securities sold under repurchase agreements – commercial are fixed rate borrowings, which are callable quarterly, with the following schedule of maturities, rate and year in which the instrument becomes callable, as of December 31, 2014:
 
Amount
 
Rate
 
Callable
2016
$
25,000

 
2.61
%
 
2015
2017
5,097

 
4.67
%
 
2015
Total
$
30,097

 
2.96
%
 
 
Schedule of Advances from Federal Home Loan Banks
The advances payable to the FHLB are summarized as follows:
 
 
Interest
Rate Range
 
Weighted-Average
Interest Rate
 
December 31, 2014
 
December 31, 2013
 
 
 
 
Balance
 
Callable
 
Call Amount
 
Balance
 
Callable
 
Call Amount
2015
 
2.75% - 4.75%
 
2.94%
 
$
11,039

 
2015

 
$
10,000

 
$
11,112

 
2015

 
$
10,000

2016
 
1.80% - 1.95%
 
1.92%
 
25,000

 

 

 
25,000

 

 

2017
 
3.99% - 4.06%
 
4.03%
 
20,000

 
2015

 
20,000

 
20,000

 
2015

 
20,000

Total
 
 
 
 
 
$
56,039

 
 
 
$
30,000

 
$
56,112

 


 
$
30,000