Borrowings and Related Interest (Tables)

12 Months Ended

Dec. 31, 2018

The following table shows Oriental’s repurchase agreements, excluding accrued interest in the amount of $785 thousand and $369 thousand, respectively, at December 31, 2018 and 2017:

	December 31,
	2018		2017
	(In thousands)
Short-term fixed-rate repurchase agreements, interest ranging from 2.45% to 2.95%	$	214,723	$	-
Long-term fixed-rate repurchase agreements, interest ranging from 1.42% to 2.86% (December 31, 2017: 1.42% to 1.85%)		240,000		192,500
Total assets sold under agreements to repurchase	$	454,723	$	192,500

Schedule of Repurchase Agreement by Maturity

Repurchase agreements mature as follows:

	December 31,
	2018		2017
	(In thousands)
Less than 90 days	$	214,723	$	-
Over 90-days		240,000		192,500
Total	$	454,723	$	192,500

Schedule Of Underlying Assets Of Repurchase Agreements

The following securities were sold under agreements to repurchase:

	December 31, 2018
	Amortized				Approximate		Weighted
	Cost of				Fair Value		Average
	Underlying		Balance of		of Underlying		Interest Rate
Underlying Securities	Securities		Borrowing		Securities		of Security
	(Dollars in thousands)
FNMA and FHLMC Certificates	$	496,814	$	454,723	$	487,181		3.01%
Total	$	496,814	$	454,723	$	487,181		3.01%


	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
	(Dollars in thousands)
FNMA and FHLMC Certificates	$	207,506	$	192,500	$	205,483		3.03%
Total	$	207,506	$	192,500	$	205,483		3.03%

Repurchased Agreements Other Significant Data

The following summarizes significant data on securities sold under agreements to repurchase as of December 31, 2018, 2017 and 2016, excluding accrued interest:

	December 31,
	2018		2017		2016
	(In thousands)
Average daily aggregate balance outstanding	$	357,086	$	393,133	$	663,845
Maximum outstanding balance at any month-end	$	457,053	$	606,210	$	902,500
Weighted average interest rate during the year		2.17%		1.80%		2.83%
Weighted average interest rate at year end		2.49%		1.63%		2.47%

Summary of Federal Home Loan Bank Advances

The following table shows a summary of the advances and their terms, excluding accrued interest in the amount of $176 thousand and $322 thousand, at December 31, 2018 and 2017, respectively:


		December 31
		2018	2017
		(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.61% (December 31, 2017 - 1.49%)		33,572	35,113
Long-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.89% (December 31, 2017 - 2.24%)		43,872	64,208
	$	77,444	99,321

Federal Home Loan Bank Advances, Maturities Summary

Advances from FHLB mature as follows:


		December 31,
		2018
		(In thousands)
Under 90 days		33,572
Over one to three years		8,867
Over three to five years		35,005
	$	77,444