FEDERAL HOME LOAN BANK ADVANCES (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| FEDERAL HOME LOAN BANK ADVANCES |
|
| Federal Home Loan Bank Advances |
|
|
|
|
|
|
|
|
|
|
|
December 31, (dollars in thousands)
|
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
Overnight advances
|
|
|
$
|
285,000
|
|
$
|
150,000
|
|
|
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due on December 20, 2017
|
|
|
|
10,000
|
|
|
10,000
|
|
|
Fixed interest rate advances with a weighted average interest rate of 1.46% due through 2023
|
|
|
|
457,500
|
|
|
439,500
|
|
|
Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017*
|
|
|
|
50,000
|
|
|
100,000
|
|
|
Total FHLB advances
|
|
|
$
|
802,500
|
|
$
|
699,500
|
|
*On a quarterly basis, the FHLB has the right to require payoff of these advances by the Bank at no penalty.
|
| Aggregate Future Principal Payments on FHLB Advances |
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Weighted
|
|
|
|
|
|
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Average
|
|
|
Year (dollars in thousands)
|
|
Principal
|
|
Rate
|
|
|
|
|
|
|
|
|
|
|
2017 (Overnight)
|
|
$
|
285,000
|
|
0.64
|
%
|
|
2017 (Term)
|
|
|
205,000
|
|
1.78
|
|
|
2018
|
|
|
117,500
|
|
1.53
|
|
|
2019
|
|
|
100,000
|
|
1.80
|
|
|
2020
|
|
|
65,000
|
|
1.78
|
|
|
2021
|
|
|
20,000
|
|
1.86
|
|
|
2022
|
|
|
—
|
|
NA
|
|
|
Thereafter
|
|
|
10,000
|
|
2.14
|
|
|
Total
|
|
$
|
802,500
|
|
1.35
|
|
|
| Information Regarding Short Term Overnight FHLB Advances |
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|
|
|
|
|
|
|
|
|
|
|
December 31, (dollars in thousands)
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding balance at end of period
|
|
$
|
285,000
|
|
|
$
|
150,000
|
|
|
|
Weighted average interest rate at end of period
|
|
|
0.64
|
%
|
|
|
0.35
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, (dollars in thousands)
|
|
2016
|
|
|
2015
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average outstanding balance during the period
|
|
$
|
91,087
|
|
|
$
|
63,327
|
|
|
$
|
15,756
|
|
|
Average interest rate during the year
|
|
|
0.43
|
%
|
|
|
0.17
|
%
|
|
|
0.20
|
%
|
|
Maximum outstanding at any month end during the period
|
|
$
|
495,000
|
|
|
$
|
387,000
|
|
|
$
|
198,000
|
|
|
| Real Estate Loans Pledged |
|
|
|
|
|
|
|
|
|
|
December 31, (in thousands)
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
First lien, single family residential real estate
|
|
$
|
1,172,161
|
|
$
|
1,346,663
|
|
|
Home equity lines of credit
|
|
|
300,681
|
|
|
272,863
|
|
|
Multi-family commercial real estate
|
|
|
14,913
|
|
|
10,227
|
|
|