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Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Summary of Short-Term Borrowings

Short-term borrowings at December 31 are summarized as follows:

 

(Dollars in thousands)    2014      2013  

Federal Home Loan Bank advances

   $ 603,000       $ 375,000   

Securities sold under agreements to repurchase

     242,742         305,344   
  

 

 

    

 

 

 
$ 845,742    $ 680,344   
  

 

 

    

 

 

 
Additional Information on Short-Term Borrowings

Additional information on the Company’s short-term borrowings for the years indicated is as follows:

 

(Dollars in thousands)    2014     2013     2012  

Outstanding at December 31

   $ 845,742      $ 680,344      $ 303,045   

Maximum month-end outstanding balance

     1,034,741        680,344        640,768   

Average daily outstanding balance

     782,033        303,352        284,201   

Average rate during the year

     0.17     0.16     0.22

Average rate at year end

     0.18     0.15     0.22