The Company’s FHLB borrowings and weighted
average interest rates are summarized below:
| | |
December 31, 2016 | | |
December 31, 2015 | |
| | |
Amount | | |
Rate | | |
Amount | | |
Rate | |
| | |
(in thousands) | |
| Total FHLB borrowings | |
$ | 461,280 | | |
| 1.55 | % | |
$ | 656,587 | | |
| 1.26% | |
| | |
| | | |
| | | |
| | | |
| | |
| By remaining period to maturity: | |
| | | |
| | | |
| | | |
| | |
| One year or less | |
$ | 231,280 | | |
| 1.02 | % | |
| 270,587 | | |
| 0.64% | |
| One to two years | |
| 130,000 | | |
| 1.84 | % | |
| 156,000 | | |
| 1.13% | |
| Two to three years | |
| 35,000 | | |
| 1.60 | % | |
| 130,000 | | |
| 1.84% | |
| Three to four years | |
| 65,000 | | |
| 2.82 | % | |
| 35,000 | | |
| 1.60% | |
| Four to five years | |
| - | | |
| | | |
| 65,000 | | |
| 2.82% | |
| Total borrowings | |
$ | 461,280 | | |
| 1.55 | % | |
$ | 656,587 | | |
| 1.26% | |
|