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FHLB Borrowings | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
FHLB Borrowings | Note 9 – FHLB Borrowings The Company’s FHLB borrowings and weighted average interest rates are summarized below:
|  | December 31, 2018 |  |  | December 31, 2017
|  | Amount |  |  | Rate |  |  | Amount |  |  | Rate
|  | (dollars in thousands)
Total FHLB borrowings |  | $ | 600,001 |  |  |  | 2.59 | % |  | $ | 670,077 |  |  |  | 1.76 | %
By remaining period to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than 1 year |  | $ | 405,001 |  |  |  | 2.57 | % |  | $ | 505,077 |  |  |  | 1.59 | %
1 year through less than 2 years |  |  | 110,000 |  |  |  | 2.75 | % |  |  | 35,000 |  |  |  | 1.60 | %
2 years through less than 3 years |  |  | 60,000 |  |  |  | 2.27 | % |  |  | 85,000 |  |  |  | 2.65 | %
3 years through less than 4 years |  |  | - |  |  |  |  |  |  |  | 45,000 |  |  |  | 2.15 | %
4 years through 5 years |  |  | 25,000 |  |  |  | 2.92 | % |  |  | - |  |  |  |  |
Total borrowings |  | $ | 600,001 |  |  |  | 2.59 | % |  | $ | 670,077 |  |  |  | 1.76 | %
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. Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rates. The advances at December 31, 2018 were primarily collateralized by approximately $1.7 billion of commercial mortgage and residential loans, net of required over collateralization amounts, under a blanket lien arrangement. At December 31, 2018 the Company had remaining borrowing capacity of approximately $1.0 billion at FHLB.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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