Note 16 - Other Borrowings

A summary of the balances of other borrowings follows:


	December 31,
	2013		2012
	(in thousands)
Other collateralized borrowings, fixed rate, as of December 31, 2013 of 0.05%, payable on January 2, 2014	$	6,335	$	9,197

Total other borrowings	$	6,335	$	9,197

During August 2007, the Company entered into a security repurchase agreement with principal balance of $50,000,000 that matured and paid on August 30, 2012. The Company did not enter into any other repurchase agreements during 2013 or 2012. The average balance of repurchase agreements for 2013 and 2012 was $0 and $33,333,000, respectively, with an average rate of 4.72% during 2012.

The Company had $6,335,000 and $9,197,000 of other collateralized borrowings at December 31, 2013 and December 31, 2012, respectively. Other collateralized borrowings are generally overnight maturity borrowings from non-financial institutions that are collateralized by securities owned by the Company. As of December 31, 2013, the Company has pledged as collateral and sold under agreements to repurchase investment securities with fair value of $17,774,000 under these other collateralized borrowings.

The Company maintains a collateralized line of credit with the Federal Home Loan Bank of San Francisco. Based on the FHLB stock requirements at December 31, 2013, this line provided for maximum borrowings of $575,654,000 of which none was outstanding, leaving $575,654,000 available. As of December 31, 2013, the Company has designated loans totaling $1,076,291,000 as potential collateral under this collateralized line of credit with the FHLB.

The Company maintains a collateralized line of credit with the Federal Reserve Bank of San Francisco. As of December 31, 2013, this line provided for maximum borrowings of $106,856,000 of which none was outstanding, leaving $106,856,000 available. As of December 31, 2013, the Company has designated investment securities with fair value of $46,000 and loans totaling $137,205,000 as potential collateral under this collateralized line of credit with the FRB.

The Company has available unused correspondent banking lines of credit from commercial banks totaling $10,000,000 for federal funds transactions at December 31, 2013.