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FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
 9 Months Ended
Sep. 30, 2014
Banking and Thrift [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
At September 30, 2014, the Bank had a fixed-rate advance of $15.0 million at an interest rate of 0.82 percent and variable-rate advances of $290.0 million at a weighted average interest rate of 0.07 percent from the FHLB. At December 31, 2013, $25.0 million of the Bank’s advances from the FHLB were fixed-rate and had interest rates ranging from 0.59 percent to 0.82 percent with a weighted average interest rate of 0.73 percent, and $225.0 million of the Bank’s advances from the FHLB were variable-rate and had a weighted average interest rate of 0.06 percent.
Each advance is payable at its maturity date. Advances paid early are subject to a prepayment penalty. At September 30, 2014 and December 31, 2013, the Bank’s advances from the FHLB were collateralized by certain real estate loans with an aggregate unpaid principal balance of $1.95 billion and $740.1 million, respectively. The Bank’s investment in capital stock of the FHLB of San Francisco totaled $22.9 million and $14.4 million, respectively, at September 30, 2014 and December 31, 2013. Based on this collateral and the Bank’s holdings of FHLB stock, the Bank was eligible to borrow an additional $790.5 million at September 30, 2014. In addition, the Bank had available lines of credit with the Federal Reserve Bank totaling $98.4 million at September 30, 2014.