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Borrowings and Related Interest (Tables)
3 Months Ended
Mar. 31, 2019
Borrowings and Related Interest [Abstract]  
Schedule of Repurchase Agreements
March 31,December 31,
20192018
(In thousands)
Short-term fixed-rate repurchase agreements, interest ranging from 2.45% to 2.95% (December 31, 2018 2.45% to 2.95%)$190,957$214,723
Long-term fixed-rate repurchase agreements, interest ranging from 1.72% to 2.86% (December 31, 2018; 1.72% to 2.86%)240,000240,000
Total assets sold under agreements to repurchase$430,957$454,723
Schedule of Repurchase Agreement by Maturity
March 31,December 31,
20192018
(In thousands)
Less than 90 days$190,957$214,723
Over 90-days240,000240,000
Total$430,957$454,723
Schedule Of Underlying Assets Of Repurchase Agreements
March 31, 2019
AmortizedApproximateWeighted
Cost ofFair ValueAverage
UnderlyingBalance ofof UnderlyingInterest Rate
Underlying SecuritiesSecuritiesBorrowingSecuritiesof Security
(Dollars in thousands)
FNMA and FHLMC Certificates$464,669$430,957$461,0923.03%
Total$464,669$430,957$461,0923.03%
December 31, 2018
AmortizedApproximateWeighted
Cost ofFair ValueAverage
UnderlyingBalance ofof UnderlyingInterest Rate
Underlying SecuritiesSecuritiesBorrowingSecuritiesof Security
(Dollars in thousands)
FNMA and FHLMC Certificates$496,814$454,723$487,1813.01%
Total$496,814$454,723$487,1813.01%
Summary of Federal Home Loan Bank Advances
March 31December 31
20192018
(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.67% (December 31, 2018 - 2.61%)$33,175$33,572
Long-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.90% (December 31, 2018 - 2.89%)47,74443,872
$80,919$77,444
Federal Home Loan Bank Advances, Maturities Summary
March 31
2019
(In thousands)
Under 90 days$33,175
Over one to three years8,780
Over three to five years34,514
Over five years4,450
$80,919