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Short-Term Debt | 12 Months Ended
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Dec. 31, 2013
Short-term Debt [Abstract] |
Short-Term Debt | SHORT-TERM DEBT A summary of short-term borrowings are as follows (dollars in thousands):
| 2013 | 2012 | 2011
Balance at end of year: |  |  |
Securities repurchase agreements | $ | 137,798 |  | $ | 114,646 |  | $ | 114,050 |
Federal Funds purchased | — |  | — |  | 75,000 |
Total | $ | 137,798 |  | $ | 114,646 |  | $ | 189,050 |
Avg. outstanding during the year: |  |  |
Securities repurchase agreements | $ | 127,616 |  | $ | 121,270 |  | $ | 122,693 |
Federal Funds purchased | 63 |  | 510 |  | 576 |
FHLB advances | — |  | — |  | 300 |
Max. outstanding at any month end: |  |  |
Securities repurchase agreements | $ | 150,943 |  | $ | 131,971 |  | $ | 139,607 |
Federal Funds purchased | — |  | — |  | 75,000 |
FHLB advances | — |  | — |  | 367 |
Weighted-average interest rate: |  |  |
During the year: |  |  |
Securities repurchase agreements | 0.25 | % | 0.26 | % | 0.25 | %
Federal Funds purchased | 0.31 | % | 0.28 | % | 0.28 | %
FHLB advances | — |  | — |  | 4.36 | %
End of the year: |  |  |
Securities repurchase agreements | 0.25 | % | 0.26 | % | 0.25 | %
Federal Funds purchased | 0.31 | % | 0.28 | % | 0.28 | %
FHLB advances | — |  | — |  | — |
Through City National, the Company has purchased 52,784 shares of Federal Home Loan Bank (“FHLB”) stock at par value as of December 31, 2013. Such purchases are required based on City National’s maximum borrowing capacity with the FHLB. Additionally, FHLB stock entitles the Company to dividends declared by the FHLB and provides an additional source of short-term and long-term funding, in the form of collateralized advances. Financing obtained from the FHLB is based, in part, on the amount of qualifying collateral available, specifically 1-4 family residential mortgages, other residential mortgages, and commercial real estate and other non-residential mortgage loans. At December 31, 2013 and 2012, collateral pledged to the FHLB included approximately $1.7 billion and $1.5 billion, respectively, in investment securities and one-to-four-family residential property loans. In addition to the short-term financing discussed above and long-term financing (see Note Twelve), at December 31, 2013 and 2012, City National had an additional $1.4 billion and $1.1 billion, respectively, available from unused portions of lines of credit with the FHLB and other financial institutions.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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