Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Short term and Long term Borrowings and Subordinated Debentures

The following table summarizes the Company's short term and long term borrowings, and subordinated debentures as presented on the consolidated statements of condition for the periods indicated:



	December 31, 2017				Contractual Maturity												December 31, 2016
	Outstanding Balance		Weighted Average Rate		2018		2019		2020		2021		2022		Thereafter		Outstanding Balance		Weighted Average Rate
Short-Term Borrowings:
FHLBB borrowings	$	250,000			$	250,000	$	—	$	—	$	—	$	—	$	—	$	210,000
Customer repurchase agreements	244,646				244,646		—		—		—		—		—		225,605
FHLBB and correspondent bank overnight borrowings	47,150				47,150		—		—		—		—		—		89,450
Wholesale repurchase agreements	—				—		—		—		—		—		—		5,007
Capital lease obligation	71				71		—		—		—		—		—		67
Total short-term borrowings	$	541,867	1.10	%	$	541,867	$	—	$	—	$	—	$	—	$	—	$	530,129	0.74	%
Long-Term Borrowings:
FHLBB borrowings	$	10,000	1.87	%	$	—	$	—	$	10,000	$	—	$	—	$	—	$	10,000	1.87	%
Capital lease obligation	720		4.18	%	—		76		81		90		98		375		791		4.31	%
Total long-term borrowings	$	10,720	2.03	%	$	—	$	76	$	10,081	$	90	$	98	$	375	$	10,791	2.05	%
Subordinated Debentures:
Subordinated debentures⁽¹⁾	$	14,580	5.50	%	$	—	$	—	$	—	$	—	$	—	$	14,580	$	14,526	5.50	%
CCTA	36,083		5.48	%	—		—		—		—		—		36,083		36,083		5.50	%
UBCT	8,248		6.75	%	—		—		—		—		—		8,248		8,146		6.85	%
Total subordinated debentures	$	58,911	5.66	%	$	—	$	—	$	—	$	—	$	—	$	58,911	$	58,755	5.69	%


(1)	Presented net of debt issuance costs of $420,000 and $474,000 at December 31, 2017 and 2016, respectively.

Schedule of Federal Home Loan Bank Advances

At December 31, 2017, the terms of the Company's outstanding FHLBB borrowings were as follows:



Balance Sheet Classification	Outstanding Balance		Maturity Date	Interest Rate Range	Next Call Date	Call Amount
Short-Term Borrowings	$	200,000	January 2018	1.45% - 1.63%	N/A	$	—
Short-Term Borrowings	$	50,000	February 2018	1.54%	N/A	$	—
Long-Term Borrowings	$	10,000	April 2020	1.87%	N/A	$	—