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Borrowing Arrangements
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Borrowing Arrangements

Note 7. Borrowing arrangements

As of December 31, 2018, the Company had no borrowings from the Federal Home Loan Bank of San Francisco. The Company has a letter of credit with the FHLB in the amount of $49.0 million to secure a public deposit.

The Company had available borrowings from the following institutions as of December 31, 2018:

 

 

 

December 31, 2018

 

 

 

(In thousands)

 

Federal Home Loan Bank—San Francisco

 

$

209,734

 

Federal Reserve Bank

 

 

107,714

 

Pacific Coast Bankers Bank

 

 

8,000

 

Zions Bank

 

 

5,500

 

Total

 

$

330,948

 

 

The Company has pledged approximately $732.9 million of loans as collateral for these lines of credit as of December 31, 2018.