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Borrowed Funds | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Borrowed Funds | Borrowed Funds Borrowed funds at December 31, 2017 and 2016 are summarized as follows (in thousands):
| 2017 |  | 2016
Securities sold under repurchase agreements | $ | 143,179 |  |  | 156,665 |
FHLB line of credit | 472,000 |  |  | 161,000 |
FHLB advances | 1,127,335 |  |  | 1,295,080 |
Total borrowed funds | $ | 1,742,514 |  |  | 1,612,745 |
At December 31, 2017, FHLB advances were at fixed rates and mature between January 2018 and April 2022, and at December 31, 2016, FHLB advances were at fixed rates and mature between January 2017 and April 2022. These advances are secured by loans receivable and investment securities under a blanket collateral agreement. Scheduled maturities of FHLB advances at December 31, 2017 are as follows (in thousands):
| 2017
Due in one year or less | $ | 389,375 |
Due after one year through two years | 436,551 |
Due after two years through three years | 249,169 |
Due after three years through four years | 42,240 |
Due after four years through five years | 10,000 |
Thereafter | — |
Total FHLB advances | $ | 1,127,335 |
Scheduled maturities of securities sold under repurchase agreements at December 31, 2017 are as follows (in thousands):
| 2017
Due in one year or less | $ | 108,179 |
Due after one year through two years | 35,000 |
Due after two years through three years | — |
Thereafter | — |
Total securities sold under repurchase agreements | $ | 143,179 |
The following tables set forth certain information as to borrowed funds for the years ended December 31, 2017 and 2016 (in thousands):
| Maximum balance |  | Average balance |  | Weighted average interest rate
2017: |  |  |  |  |
Securities sold under repurchase agreements | $ | 210,702 |  |  | 164,982 |  |  | 1.26 | %
FHLB line of credit | 472,000 |  |  | 179,003 |  |  | 1.17 |
FHLB advances | 1,288,448 |  |  | 1,237,979 |  |  | 1.78 |
2016: |  |  |  |  |
Securities sold under repurchase agreements | $ | 283,233 |  |  | 224,421 |  |  | 1.42 | %
FHLB line of credit | 173,000 |  |  | 37,608 |  |  | 0.61 |
FHLB advances | 1,343,095 |  |  | 1,315,278 |  |  | 1.76 |
Securities sold under repurchase agreements include wholesale borrowing arrangements, as well as arrangements with deposit customers of the Bank to sweep funds into short-term borrowings. The Bank uses securities available for sale to pledge as collateral for the repurchase agreements.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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