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Other Borrowed Funds and Subordinated Debentures (Tables)
12 Months Ended
Dec. 31, 2014
Banking and Thrift [Abstract]  
Summary of Other Borrowed Funds and Subordinated Debentures

The following is a summary of other borrowed funds and subordinated debentures as of December 31,

 

     2014     2013     2012  
(dollars in thousands)                   

Amount outstanding at December 31

   $ 431,583      $ 291,227      $ 231,227   

Weighted average rate at December 31

     1.91     3.04     3.54

Maximum amount outstanding at any month end

   $ 431,583      $ 291,227      $ 277,226   

Daily average balance outstanding during the year

   $ 271,710      $ 231,032      $ 217,542   

Weighted average rate during the year

     3.34     3.73     3.82
Schedule of the Maturity Distribution of FHLBB Advances with the Weighted Average Interest Rates

A schedule of the maturity distribution of FHLBB advances with the weighted average interest rates is as follows:

 

     2014     2013     2012  

December 31,

   Amount      Weighted
Average
Rate
    Amount      Weighted
Average
Rate
    Amount      Weighted
Average
Rate
 
(dollars in thousands)                                        

Within one year

   $ 169,500         0.51   $ 53,000         0.40   $ 46,000         1.86

Over one year to two years

     55,000         3.07     19,500         2.42     17,500         3.01

Over two years to three years

     45,000         3.18     55,000         3.07     19,500         2.42

Over three years to five years

     70,000         2.43     77,000         3.05     90,000         3.33

Over five years

     56,000         3.16     50,500         3.39     22,000         4.19
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 395,500         1.89   $ 255,000         2.52   $ 195,000         2.96