XML 86 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Borrowed Funds
 12 Months Ended
Dec. 31, 2013
Other Borrowed Funds  
Other Borrowed Funds

(9) Other Borrowed Funds

        Other borrowed funds include Federal Home Loan Bank borrowings, which are short and long-term fixed borrowings issued by the Federal Home Loan Bank of Dallas at the market price offered at the time of funding. These borrowings are secured by mortgage-backed investment securities and a portion of the Company's loan portfolio. The increase in other borrowed funds is a result of purchases of available-for-sale securities.

        Further information regarding the Company's other borrowed funds at December 31, 2013 and 2012 is set forth in the following table:

 
   December 31,  
 
   2013   2012  
 
   (Dollars in Thousands)
  

Federal Home Loan Bank advances—short-term

              

Balance at year end

   $ 1,215,000   $ 742,500  

Rate on balance outstanding at year end

     .17 %   .15 %

Average daily balance

   $ 833,868   $ 412,919  

Average rate

     .16 %   .19 %

Maximum amount outstanding at any month end

   $ 1,280,500   $ 1,005,500  

Federal Home Loan Bank advances—long-term(1)

    
 		    
 		  

Balance at year end

   $ 8,950   $ 6,527  

Rate on balance outstanding at year end

     3.53 %   3.51 %

Average daily balance

   $ 7,289   $ 6,590  

Average rate

     3.53 %   3.51 %

Maximum amount outstanding at any month end

   $ 8,993   $ 6,650  
(1)
The amortization of the long-term advances is approximately $207,000 per year for each of the next five years and the final maturity date is October 2, 2028.