Note 16 - Other Borrowings

A summary of the balances of other borrowings follows:


	September 30, 2014		December 31, 2013
	(in thousands)
Other collateralized borrowings, fixed rate, as of September 30, 2014 of 0.05%, payable on October 1, 2014	$	12,665	$	6,335

Total other borrowings	$	12,665	$	6,335

The Company did not enter into any repurchase agreements during the nine months ended September 30, 2014 or the year ended December 31, 2013.

The Company had $12,665,000 and $6,335,000 of other collateralized borrowings at September 30, 2014 and December 31, 2013, respectively. Other collateralized borrowings are generally overnight maturity borrowings from non-financial institutions that are collateralized by securities owned by the Company. As of September 30, 2014, the Company has pledged as collateral and sold under agreements to repurchase investment securities with fair value of $12,665,000 under these other collateralized borrowings.

The Company maintains a collateralized line of credit with the Federal Home Loan Bank of San Francisco (“FHLB”). Based on the FHLB stock requirements at September 30, 2014, this line provided for maximum borrowings of $671,242,000 of which none was outstanding, leaving $671,242,000 available. As of September 30, 2014, the Company has designated loans totaling $1,161,114,000 as potential collateral under this collateralized line of credit with the FHLB.

The Company maintains a collateralized line of credit with the San Francisco Federal Reserve Bank. As of September 30, 2014, this line provided for maximum borrowings of $110,305,000 of which none was outstanding, leaving $110,305,000 available. As of September 30, 2014, the Company has designated investment securities with fair value of $37,000 and loans totaling $145,763,000 as potential collateral under this collateralized line of credit with the San Francisco Federal Reserve Bank.

The Company has available unused correspondent banking lines of credit from commercial banks totaling $15,000,000 for federal funds transactions at September 30, 2014.