XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.19.2

FHLB Borrowings | 6 Months Ended
--- | ---
Jun. 30, 2019
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract] |
FHLB Borrowings | Note 12. FHLB Borrowings The Company’s FHLB borrowings and weighted average interest rates are summarized below:
|  | June 30, 2019 |  | December 31, 2018
|  | Amount |  | Rate |  | Amount |  | Rate
|  | (dollars in thousands)
Total FHLB borrowings |  | $ | 597,317 |  |  | 2.51% |  | $ | 600,001 |  | 2.59%
By remaining period to maturity: |  |  |  |  |  |  |  |  |  |  |
Less than 1 year |  | $ | 474,105 |  |  | 2.54% |  | $ | 405,000 |  | 2.57%
1 year through less than 2 years |  |  | 61,000 |  |  | 2.25% |  |  | 110,000 |  | 2.75%
2 years through less than 3 years |  |  | 27,353 |  |  | 2.15% |  |  | 60,000 |  | 2.27%
3 years through less than 4 years |  |  | 32,428 |  |  | 2.82% |  |  | - |  | -
4 years through 5 years |  |  | 2,852 |  |  | 2.43% |  |  | 25,000 |  | 2.92%
Total FHLB borrowings |  |  | 597,738 |  |  | 2.51% |  |  | 600,000 |  | 2.59%
Fair value (discount) premium |  |  | (421 | ) |  |  |  |  | 1 |  |
FHLB borrowings, net |  | $ | 597,317 |  |  |  |  | $ | 600,001 |  |
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 June 30, 2019 were primarily collateralized by approximately $1.9 billion of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. At June 30, 2019 the Company had remaining borrowing capacity of approximately $1.0 billion at FHLB.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration