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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

12 Months Ended

Dec. 31, 2017

Schedule Of Repurchase Agreements [Table Text Block]


		December, 31
		2017			2016
	(Dollars in thousands)

	Shot-term fixed-rate repurchase agreement with a rate of 1.53%	$	100,000		$	-
	Long -term fixed-rate repurchase agreements, interest ranging from 1.96% to 2.26%
	(December 31, 2016: 1.96% to 2.83%) (1)(2)		200,000			300,000
		$	300,000		$	300,000

(1)	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11.

(2)	As of December 31, 2017, includes $200 million with an average rate of 2.11% that lenders have the right to call before their contractual maturities at various dates beginning on February 6, 2018. Subsequent to December 31, 2017, no lender has exercised its call option on repurchase agreements.

Schedule of Repurchase Agreement Maturity [Table Text Block]

Repurchase agreements mature as follows:

		December 31, 2017
	(In thousands)

	Less than one month	$	100,000
	Over four to five years		200,000
	Total	$	300,000

Schedule of Securities Sold Under Repurchase Agreements [Table Text Block]

The following securities were sold under agreements to repurchase:

		December 31, 2017
		Amortized						Approximate		Weighted
		Cost of						Fair Value		Average
		Underlying			Balance of			of Underlying		Interest Rate
Underlying Securities		Securities			Borrowing			Securities		of Security
(In thousands)

U.S. government-sponsored agencies	$	132,637		$	127,801		$	131,271			1.39	%
Mortgage-backed securities		222,325			172,199			218,852			2.29	%

Total	$	354,962		$	300,000		$	350,123

Accrued interest receivable	$	1,060



		December 31, 2016
		Amortized						Approximate			Weighted
		Cost of						Fair Value			Average
		Underlying			Balance of			of Underlying			Interest Rate
Underlying Securities		Securities			Borrowing			Securities			of Security
(In thousands)

U.S. government-sponsored agencies	$	126,205		$	123,175		$	125,417			1.30	%
Mortgage-backed securities		215,352			176,825			213,973			2.20	%

Total	$	341,557		$	300,000		$	339,390

Accrued interest receivable	$	1,400

Repurchase Agreements Grouped by Counterparty [Table Text Block]

Repurchase agreements as of December 31, 2017, grouped by counterparty, were as follows:


	(Dollars in thousands)					Weighted-Average
	Counterparty		Amount			Maturity (In Months)

	Citigroup Global Markets		$	100,000		1
	JP Morgan Chase			200,000		49
			$	300,000