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Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Contractual Obligation - Fiscal Year Maturity

Except for its loan commitments, as shown in Note 20 to the Consolidated Financial Statements, the following table shows details on these fixed and determinable obligations as of December 31, 2017 in the time period indicated.

		Within One			One to			Three to			Over Five
(dollars in thousands)		Year			Three Years			Five Years			Years			Total
Deposits without a stated maturity (1)		$	5,024,475		$	—		$	—		$	—		$	5,024,475
Time deposits (1)		617,526			193,199			18,784			—			829,509
Borrowed funds (2)		401,561			—			—			220,000			621,561
Operating lease obligations		7,604			14,198			10,776			12,138			44,716
Outside data processing (3)		5,036			9,570						—			14,606
George Mason sponsorship (4)		650			1,300			1,350			9,150			12,450
Non-Compete agreement (5)		335			—			—			—			335
LIHTC investments (6)		4,044			7,944			373			800			13,161
Total		$	6,061,231		$	226,211		$	31,283		$	242,088		$	6,560,813

(1) Excludes accrued interest payable at December 31, 2017.

(2) Borrowed funds include customer repurchase agreements, and other short-term and long-term borrowings.

(3) The Bank has outstanding obligations under its current core data processing contract that expire in May 2020 and two other vendor arrangements that relate to network infrastructure and data center services, one expires in July 2020 and the other expires in December 2018.

(4) The Bank has the option of terminating the George Mason agreement at the end of contract years 10 and 15 (that is, effective June 30, 2025 or June 30, 2030). Should the Bank elect to exercise its right to terminate the George Mason contract, contractual obligations would decrease $3.5 million and $3.6 million for the first option period (years 11-15) and the second option period (16-20), respectively.

(5) Non-compete agreement with a retired Director.

(6) Low Income Housing Tax Credits (“LIHTC”) expected payments for unfunded affordable housing commitments.

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- References

No definition available.

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- Definition

Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations.

+ 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 SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph a
-Subparagraph 5

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