Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

The following table summarizes other borrowed funds as presented on the consolidated statements of condition at:



	December 31,
	2015		2014
Short-Term Borrowings:
Securities sold under repurchase agreements – retail	$	184,989	$	157,758
FHLBB advances less than 90 days	230,000		245,000
FHLBB and correspondent bank overnight borrowings	12,800		43,100
Securities sold under repurchase agreements – commercial	25,000		—
Capital lease obligation	63		63
Total short-term borrowings	452,852		445,921
Long-Term Borrowings:
Securities sold under repurchase agreements – commercial	5,052		30,097
Capital lease obligation	859		921
Total long-term borrowings	5,911		31,018
Total other borrowed funds	$	458,763	$	476,939

Schedule of Amounts Outstanding and Interest Rates of Short-term Borrowings

The table below provides information on the Company's short-term borrowings at and for the period ended:



	December 31,
	2015			2014			2013
Balance outstanding at end of year	$	452,852		$	445,921		$	398,932
Average daily balance outstanding	450,009			417,585			271,281
Maximum balance outstanding at any month end	484,288			467,811			398,932
Weighted average interest rate for the year	0.37		%	0.19		%	0.19		%
Weighted average interest rate at end of year	0.46		%	0.20		%	0.16		%

Schedule of Securities Sold Under Agreements to Repurchase--Commercial

The securities sold under wholesale repurchase agreements 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, 2015:



	Amount		Rate		Callable
2016	$	25,000	2.61	%	2016
2017	5,052		4.67	%	—
Total	$	30,052	2.96	%

Schedule of Advances from Federal Home Loan Banks

The advances payable to the FHLB are summarized as follows at December 31, 2015:



Fiscal Year	Interest Rate Range	Weighted-Average Interest Rate	Balance		Callable	Call Amount
2016	1.80% - 1.95%	1.92%	$	25,000	—	$	—
2017	3.99% - 4.06%	4.03%	20,000		2016	20,000
2020	1.87%	1.87%	10,000		—	—
Total			$	55,000		$	20,000