XML 29 R19.htm IDEA: XBRL DOCUMENT

SECURITIES SOLD UNDER REPURCHASE AGREEMENTS	3 Months Ended
SECURITIES SOLD UNDER REPURCHASE AGREEMENTS	Mar. 31, 2016
Banking and Thrift [Abstract]
SECURITIES SOLD UNDER REPURCHASE AGREEMENTS	SECURITIES SOLD UNDER REPURCHASE AGREEMENTS As of March 31, 2016, securities sold under repurchase agreements $257.1 million with a weighted average interest rate of 0.69 percent. The interest rates are fixed for the term of the agreements, with interest rates ranging from 0.67 percent to 0.70 percent. All outstanding repurchase agreements are short-term in nature with original maturities of 30 days or less. The Company did not have any outstanding securities sold under agreements to repurchase at December 31, 2015. These transactions are accounted for as collateralized financing transactions and recorded at the amounts at which the securities were sold. The Company may have to provide additional collateral for the repurchase agreements, as necessary. The underlying collateral pledged for the repurchase agreements consists of U.S. government agency mortgage-backed securities with a fair value of $272.3 million, as of March 31, 2016. The Company maintained unused repurchase agreements of up to $592.9 million, subject to pledging additional investment securities, at March 31, 2016.