Other Borrowings

12 Months Ended

Dec. 31, 2016

The following table summarized the Company’s borrowings as of December 31:



(in thousands)	2016		2015
Overnight FHLB advances	$	503,815	$	272,199
Term FHLB advances	365,000		250,576
Other	16,000		13,510
Total other borrowings	$	884,815	$	536,285

The Company, through its subsidiary banks, had available line-of-credit agreements with correspondent banks permitting borrowings to a maximum of approximately $58.0 million at December 31, 2016 and 2015. There were no outstanding advances against those lines at December 31, 2016 and December 31, 2015.

Through its subsidiary banks, the Company has borrowing relationships with the FHLB, which provides secured borrowing capacity, subject to available collateral. The unused borrowing capacity on established lines with the FHLB was $1.0 billion at December 31, 2016 and $1.1 billion at December 31, 2015.

As members of the FHLB, the Company’s subsidiary banks can use certain unencumbered residential and commercial real estate related assets and investment securities to secure borrowings from the FHLB. At December 31, 2016, total unencumbered residential and commercial real estate related loans and investment securities pledged at the FHLB were $343.7 million. At December 31, 2016, there were $503.8 million in overnight advances and $365.0 million in term advances with the FHLB, with a weighted average rate of 1.02%, compared to $272.2 million in overnight advances and $250.6 million in term advances at December 31, 2015, with a weighted average rate of 0.97%. At December 31, 2016, the term advances with the FHLB include $215.0 million which mature within one year and $150.0 million which mature in over one year. Maturities of advances due in over one year include $140.0 million in 2018 and $10.0 million in 2019.

The Company’s FHLB borrowings at December 31, 2016 included $25.0 million, at cost, in fixed-rate callable borrowings, which can be called by the FHLB if certain conditions are met. Additional details on the fixed-rate callable advances are provided in the following table.



	Current Balance	Rate	Maturity Date	Call Date	Call Frequency	Call Features
	5,000,000	4.89%	May 22, 2017	February 22, 2017	Quarterly	LIBOR strike 7.0%
	10,000,000	5.14%	June 8, 2017	March 9, 2017	Quarterly	LIBOR strike 7.0%
	10,000,000	5.19%	June 8, 2017	March 9, 2017	Quarterly	FHLB Option
Total	25,000,000

Other borrowings included a term borrowing with a bank totaling $16.0 million at December 31, 2016 and $13.5 million at December 31, 2015.