XML 34 R19.htm IDEA: XBRL DOCUMENT
v3.3.1.900

SHORT-TERM BORROWINGS | 12 Months Ended
--- | ---
Dec. 31, 2015
Short-term Debt [Abstract] |
SHORT-TERM BORROWINGS | SHORT-TERM BORROWINGS The bank was a member of the Federal Home Loan Bank of Seattle until its merger with the Federal Home Loan Bank of Des Moines on June 1, 2015. We are now a member of the Federal Home Loan Bank of Des Moines (the "FHLB") and maintained a $1.22 billion line of credit, of which $1.15 billion remained available as of December 31, 2015. At December 31, 2015, short-term borrowings under this arrangement totaled $69.0 million. At December 31, 2014, short-term borrowings under this arrangement totaled $38.0 million. At December 31, 2015 and 2014, our bank had additional unused borrowings available at the Federal Reserve discount window of $40.8 million and $33.3 million, respectively. As of December 31, 2015 and 2014, certain commercial real estate and commercial loans with a carrying value totaling $87.3 million and $72.9 million, respectively, were pledged as collateral on our line of credit with the Federal Reserve discount window. The Federal Reserve does not have the right to sell or repledge these loans. Interest expense on short-term borrowings were $0.3 million, $0.1 million and $6 thousand in 2015, 2014 and 2013, respectively. A summary of our short-term borrowings as of December 31, 2015, 2014 and 2013 is as follows:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (Dollars in thousands)
Amount outstanding at December 31 | $ | 69,000 |  |  | $ | 38,000 |  |  | $ | 8,015 |
Average amount outstanding during year | 92,045 |  |  | 31,732 |  |  | 1,988 |
Highest month-end balance during year | 157,000 |  |  | 102,000 |  |  | 28,000 |
Weighted average interest rate on balances outstanding at December 31 | 0.35 | % |  | 0.25 | % |  | 0.23 | %
Weighted average interest rate during year | 0.28 | % |  | 0.29 | % |  | 0.32 | %

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

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 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) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration