XML 69 R19.htm IDEA: XBRL DOCUMENT
v2.4.1.9

FHLB and other borrowings | 3 Months Ended
--- | ---
Mar. 31, 2015
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Note 11. FHLB and other borrowings The Company’s FHLB and other borrowings and weighted average interest rates are summarized below:
|  | March 31, 2015 |  | December 31, 2014
|  | Amount |  |  |  | Rate |  | Amount |  |  |  | Rate
|  | (in thousands) |
By type of borrowing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHLB borrowings |  | $ | 494,148 |  |  |  | 1.23% |  | $ | 464,553 |  |  |  | 1.18%
Repurchase agreements |  |  | 31,000 |  |  |  | 5.90% |  |  | 31,000 |  |  |  | 5.90%
Total borrowings |  | $ | 525,148 |  |  |  | 1.51% |  | $ | 495,553 |  |  |  | 1.48%
By remaining period to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One year or less |  | $ | 238,148 |  |  |  | 0.50% |  |  | 258,553 |  |  |  | 0.50%
One to two years |  |  | 55,000 |  |  |  | 1.20% |  |  | 30,000 |  |  |  | 1.40%
Two to three years |  |  | 71,000 |  |  |  | 2.33% |  |  | 71,000 |  |  |  | 2.33%
Three to four years |  |  | 96,000 |  |  |  | 2.67% |  |  | 96,000 |  |  |  | 2.67%
Four to five years |  |  | 25,000 |  |  |  | 1.85% |  |  | — |  |  |  | —
Greater than five years |  |  | 40,000 |  |  |  | 3.43% |  |  | 40,000 |  |  |  | 3.42%
Total borrowings |  | $ | 525,148 |  |  |  | 1.51% |  | $ | 495,553 |  |  |  | 1.48%
The FHLB borrowings are secured by pledges of certain collateral, including but not limited to U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans. The Company has entered into agreements under which it has sold securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. The obligation to repurchase the securities is reflected as a liability in the Company’s consolidated statement of condition, while the securities underlying the securities sold under agreements to repurchase remain in the respective asset accounts and are delivered to and held as collateral by third party trustees. Three of the FHLB notes ($2,500,000 and $7,500,000 each due April 2, 2018, and $5,000,000 due July 16, 2018) contain a convertible option which allows the FHLB, at quarterly intervals, to convert the fixed convertible advance into replacement funding for the same or lesser principal based on any advance then offered by the FHLB at its current market rate. The Company has the option to repay these advances, if converted, without penalty. The remaining advances are payable at its stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rate while the REPOs are variable rate advances. The advances at March 31, 2015 were collateralized by approximately $809 million of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. At March 31, 2015 the Company had remaining borrowing capacity of approximately $315 million.

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 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
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration