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Borrowings | 9 Months Ended
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Sep. 30, 2014
Debt Disclosure [Abstract] |
Borrowings | Borrowings The Company maintains a secured credit facility with the FHLB against which the Bank may take advances. The borrowing capacity is limited to the lower of 30% of the Bank’s total assets or the Bank’s collateral capacity, which was $1.96 billion at September 30, 2014 and $1.78 billion at December 31, 2013. The terms of this credit facility require the Company to pledge eligible collateral with the FHLB equal to at least 100% of outstanding advances. At September 30, 2014 and December 31, 2013, real estate secured loans with a carrying amount of approximately $2.60 billion and $2.33 billion, respectively, were pledged as collateral for borrowings from the FHLB. At September 30, 2014, other than FHLB stock, no securities are pledged as collateral for borrowings from the FHLB. At December 31, 2013, other than FHLB stock, securities with a carrying value of $13.2 million were pledged as collateral for borrowings from the FHLB. At September 30, 2014 and December 31, 2013, FHLB advances were $467.1 million and $421.4 million, respectively, had a weighted average interest rate of 1.14% and 1.16%, respectively, and had various maturities through September 2019. At September 30, 2014 and December 31, 2013, $37.1 million and $51.4 million, respectively, of the advances were putable advances with various putable dates and strike prices. The cost of FHLB advances as of September 30, 2014 ranged between 0.47% and 3.51%. At September 30, 2014, the Company had a remaining borrowing capacity of $1.49 billion. At September 30, 2014, the contractual maturities for FHLB advances were as follows:
| Contractual Maturities |  | Maturity/ Put Date
| (In thousands)
Due within one year | $ | 66,000 |  |  | $ | 87,071 |
Due after one year through five years | 401,071 |  |  | 380,000 |
| $ | 467,071 |  |  | $ | 467,071 |
In addition, as a member of the FRB system, the Bank may also borrow from the FRB of San Francisco. The maximum amount that the Bank may borrow from the FRB’s discount window is up to 95% of the outstanding principal balance of the qualifying loans and the fair value of the securities that are pledged. At September 30, 2014, the outstanding principal balance of the qualifying loans was $599.0 million, and the collateral value of investment securities was $1.6 million. There were no borrowings outstanding against this line as of September 30, 2014 and December 31, 2013.

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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 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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