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FHLB Advances and Other Borrowings | 12 Months Ended
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Dec. 31, 2011
Deposits and FHLB Advances and Other Borrowing [Abstract] |
FHLB ADVANCES AND OTHER BORROWING | NOTE 9 — FHLB ADVANCES AND OTHER BORROWINGS FHLB advances and other borrowings consisted of the following:
|  | December 31, |
|  | 2011 |  |  | 2010 |
|  | (In Thousands) |
FHLB Advances |  | $ | 3,303 |  |  | $ | 153,650 |
Note Issued to U.S. Treasury |  |  | — |  |  |  | 1,570 |
Total FHLB Advances and Other Borrowings |  | $ | 3,303 |  |  | $ | 155,220 |
FHLB advances represent collateralized obligations with the FHLB. The following is a summary of contractual maturities pertaining to FHLB advances:
|  | December 31, 2011 |
Year of Maturity |  | Amount |  |  | Weighted- Average Interest Rate |
|  | (In Thousands) |
2012 |  | $ | — |  |  |  | — |
2013 |  |  | — |  |  |  | — |
2014 |  |  | 3,303 |  |  |  | 5.27 | %
2015 |  |  | — |  |  |  | — |
|  | $ | 3,303 |  |  |  | 5.27 | %
The following is financial data pertaining to FHLB advances:
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (In Thousands) |
Weighted-Average Interest Rate at End of Year |  |  | 5.27 | % |  |  | 0.87 | % |  |  | 0.88 | %
Weighted-Average Interest Rate During the Year |  |  | 1.00 | % |  |  | 0.88 | % |  |  | 1.32 | %
Average Balance of FHLB Advances |  | $ | 66,191 |  |  | $ | 158,531 |  |  | $ | 257,529 |
Maximum Amount Outstanding at Any Month-End |  | $ | 153,622 |  |  | $ | 153,951 |  |  | $ | 411,156 |
We have pledged investment securities available for sale and loans receivable with carrying values of $40.4 million and $518.7 million, respectively, as collateral with the FHLB for this borrowing facility. The total borrowing capacity available from the collateral that has been pledged is $402.2 million, of which $398.9 million remained available as of December 31, 2011. At December 31, 2011, we had $124.7 million available for use through the Fed Discount Window, as we pledged loans with a carrying value of $278.4 million, and there were no borrowings. At December 31, 2011, advances from the FHLB were $3.3 million, a decrease of $150.3 million, or 97.9 percent, from the December 31, 2010 balance of $153.7 million. At December 31, 2011, there was no FHLB advance with a remaining maturity of less than one year. For the years ended December 31, 2011, 2010 and 2009, interest expense on FHLB advances and other borrowings totaled $662,000, $1.4 million and $3.4 million, respectively, and the weighted-average interest rates were 1.00 percent, 0.88 percent and 1.32 percent, respectively.

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 14 -Subparagraph h -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 47 -Paragraph 17 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Audit and Accounting Guide (AAG) -Number AAG-DEP -Chapter 15 -Paragraph 37 -IssueDate 2006-05-01 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: 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(a)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Chapter V -Section 563c.102 -Paragraph 15, 18 -Subsection I -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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