Federal Home Loan Bank Advances (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2016 |
Dec. 31, 2015 |
| Advances from Federal Home Loan Banks [Abstract] |
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| Schedule of FHLB Advances, by Interest Rate Type |
The following is a breakdown of the advances outstanding: | | | | | | | | | | | | | | | | June 30, 2016 | | December 31, 2015 | | Amount | | Rate | | Amount | | Rate | | (Dollars in millions) | Short-term adjustable rate | $ | 1 |
| | 0.70 | % | | $ | — |
| | — | % | Short-term fixed rate term advances | 1,068 |
| | 0.40 | % | | 2,116 |
| | 0.32 | % | Long-term LIBOR adjustable advances | 1,025 |
| | 0.80 | % | | 825 |
| | 0.70 | % | Long-term fixed rate advances (1) | 552 |
| | 1.44 | % | | 600 |
| | 1.37 | % | Total | $ | 2,646 |
| | 0.77 | % | | $ | 3,541 |
| | 0.59 | % |
| | (1) | Includes the current portion of fixed rate advances of $125 million and $175 million at June 30, 2016 and December 31, 2015, respectively. |
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The following is a breakdown of the advances outstanding. | | | | | | | | | | | | | | | | | | | | | | | December 31, | | 2015 | | 2014 | | 2013 | | Amount | | Weighted Average Rate | | Amount | | Weighted Average Rate | | Amount | | Weighted Average Rate | | (Dollars in millions) | Short-term floating rate daily adjustable advances | $ | — |
| | — | % | | $ | — |
| | — | % | | $ | 216 |
| | 0.50 | % | Short-term fixed rate term advances | 2,116 |
| | 0.32 | % | | 214 |
| | 0.26 | % | | 772 |
| | 0.30 | % | Long-term LIBOR adjustable advances | 825 |
| | 0.70 | % | | — |
| | — | % | | — |
| | — | % | Long-term fixed rate advances | 600 |
| | 1.37 | % | | 300 |
| | 1.36 | % | | — |
| | — | % | Total | $ | 3,541 |
| | 0.59 | % | | $ | 514 |
| | 0.90 | % | | $ | 988 |
| | 0.34 | % |
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| Schedule of FHLB Advances, Disclosures |
| | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2016 | | 2015 | | 2016 | | 2015 | | (Dollars in millions) | Maximum outstanding at any month end | $ | 2,646 |
| | $ | 2,198 |
| | $ | 3,557 |
| | $ | 2,198 |
| Average outstanding balance | 2,460 |
| | 1,828 |
| | 2,841 |
| | 1,497 |
| Average remaining borrowing capacity | 983 |
| | 1,503 |
| | 843 |
| | 1,697 |
| Weighted average interest rate | 1.42 | % | | 0.90 | % | | 1.25 | % | | 0.97 | % |
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The following table highlights the Company’s Federal Home Loan Bank advances for the years ending December 31, 2015, 2014 and 2013. | | | | | | | | | | | | | | For the Years Ended December 31, | | 2015 | | 2014 | | 2013 | | (Dollars in millions) | Maximum outstanding at any month end | $ | 3,541 |
| | $ | 1,300 |
| | $ | 2,908 |
| Average outstanding balance | 1,811 |
| | 939 |
| | 2,915 |
| Average remaining borrowing capacity | 1,611 |
| | 1,947 |
| | 735 |
| Weighted-average interest rate | 1.00 | % | | 0.23 | % | | 3.22 | % |
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| Schedule of FHLB, Advances, Maturity Summary |
The following outlines our Federal Home Loan Bank advance final maturity dates as of June 30, 2016: | | | | | | June 30, 2016 | | (Dollars in millions) | 2016 | $ | 1,194 |
| 2017 | 50 |
| 2018 | 125 |
| 2019 | — |
| Thereafter | 1,277 |
| Total | $ | 2,646 |
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The following table outlines the Company’s Federal Home Loan Bank advance final maturity dates as of December 31, 2015. | | | | | | December 31, 2015 | | (Dollars in millions) | 2016 | $ | 2,291 |
| 2017 | 50 |
| 2018 | 125 |
| 2019 | — |
| Thereafter | 1,075 |
| Total | $ | 3,541 |
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