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FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
 9 Months Ended
Sep. 30, 2018
Banking and Thrift [Abstract]  
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS
The following table presents the Company's advances from the FHLB as of the dates indicated:
($ in thousands)
 
September 30, 2018
 
December 31, 2017
Fixed rate:
 
 
 
 
Outstanding balance
 
$
905,000

 
$
550,000

Interest rates ranging from
 
1.60
%
 
1.23
%
Interest rates ranging to
 
3.32
%
 
3.00
%
Weighted average interest rate
 
2.47
%
 
2.02
%
Variable rate:
 
 
 
 
Outstanding balance
 
735,000

 
1,145,000

Weighted average interest rate
 
2.33
%
 
1.40
%

Each advance is payable at its maturity date. Advances paid early are subject to a prepayment penalty. At September 30, 2018 and December 31, 2017, the Bank’s advances from the FHLB were collateralized by certain real estate loans with an aggregate unpaid principal balance of $3.77 billion and $2.90 billion, respectively, and securities with carrying values of $0 and $405.6 million, respectively. The Bank’s investment in capital stock of the FHLB of San Francisco totaled $44.3 million and $48.7 million at September 30, 2018 and December 31, 2017, respectively. Based on this collateral, the Bank's financing availability, and the Bank’s holdings of FHLB stock, the Bank was eligible to borrow an additional $1.21 billion at September 30, 2018.
At September 30, 2018, the Bank maintained a line of credit of $43.9 million from the Federal Reserve Discount Window, to which the Bank pledged securities with a carrying value of $55.1 million, with no outstanding borrowings at that date. At September 30, 2018, the Bank maintained available unsecured federal funds lines with correspondent banks totaling $210.0 million.
The Bank also maintained repurchase agreements and had no outstanding securities sold under agreements to repurchase at September 30, 2018 and December 31, 2017. Availabilities and terms on repurchase agreements are subject to the counterparties' discretion and the pledging of additional investment securities.
On June 30, 2017, the Company voluntarily terminated a $75.0 million line of credit that was maintained at the holding company level with an unaffiliated financial institution. The line had a maturity date of July 17, 2017 and a floating interest rate equal to a London Interbank Offered Rate (LIBOR) rate plus 2.25 percent or The Wall Street Journal’s prime rate (Prime Rate). The Company had $50.0 million of borrowings outstanding under the line, which were repaid in connection with the termination of the line. The proceeds of the line were used for working capital purposes.