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Borrowings and Related Interest (Tables)
6 Months Ended
Jun. 30, 2019
Borrowings and Related Interest [Abstract]  
Schedule of Repurchase Agreements
June 30,December 31,
20192018
(In thousands)
Short-term fixed-rate repurchase agreements, interest ranging of 1.72% (December 31, 2018 2.45% to 2.95%)$50,000$214,723
Long-term fixed-rate repurchase agreements, interest ranging from 1.85% to 2.86% (December 31, 2018; 1.72% to 2.86%)190,000240,000
Total assets sold under agreements to repurchase$240,000$454,723
Schedule of Repurchase Agreement by Maturity
June 30,December 31,
20192018
(In thousands)
Less than 90 days$50,000$214,723
Over 90-days190,000240,000
Total$240,000$454,723
Schedule Of Underlying Assets Of Repurchase Agreements
June 30, 2019
AmortizedApproximateWeighted
Cost ofFair ValueAverage
UnderlyingBalance ofof UnderlyingInterest Rate
Underlying SecuritiesSecuritiesBorrowingSecuritiesof Security
(Dollars in thousands)
FNMA and FHLMC Certificates$258,784$240,000$257,4393.00%
Total$258,784$240,000$257,4393.00%
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
June 30,December 31,
20192018
(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.59% (December 31, 2018 - 2.61%)$32,773$33,572
Long-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.90% (December 31, 2018 - 2.89%)47,13243,872
$79,905$77,444
Federal Home Loan Bank Advances, Maturities Summary
June 30,
2019
(In thousands)
Under 90 days$32,773
Over one to three years8,693
Over three to five years34,019
Over five years4,420
$79,905