XML 65 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1

Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of details on these fixed and determinable obligations

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, 2018 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)		$	5,646,886			$	—			$	—			$	—			$	5,646,886
Time deposits (1)			893,445				396,942				37,012				—				1,327,399
Borrowed funds (2)			30,413				—				—				220,000				250,413
Operating lease obligations			8,435				15,311				13,858				29,138				66,742
Outside data processing (3)			4,525				8,091				7,630				3,815				24,061
George Mason sponsorship (4)			650				1,325				1,350				8,475				11,800
D.C. United (5)			773				1,615				844				—				3,232
Non-Compete agreement (6)			21				—				—				—				21
LIHTC investments (7)			6,111				7,587				402				889				14,989
Total		$	6,591,259			$	430,871			$	61,096			$	262,317			$	7,345,543

(1) Excludes accrued interest payable at December 31, 2018.

(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 March 2025 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 2019.

(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) Marketing sponsorship agreement with D.C. United

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

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

X

- References

No definition available.

+ Details

Name:	us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph a
-Subparagraph 5

+ Details

Name:	us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration