Note 16 – Other Borrowings

A summary of the balances of other borrowings follows:


	March 31, 2015		December 31, 2014
	(in thousands)
Other collateralized borrowings, fixed rate, as of March 31, 2015 of 0.05%, payable on April 1, 2015	$	9,096	$	9,276

Total other borrowings	$	9,096	$	9,276

The Company did not enter into any repurchase agreements during the three months ended March 31, 2015 or the year ended December 31, 2014.

The Company had $9,096,000 and $9,276,000 of other collateralized borrowings at March 31, 2015 and December 31, 2014, respectively. Other collateralized borrowings are generally overnight maturity borrowings from non-financial institutions that are collateralized by securities owned by the Company. As of March 31, 2015, the Company has pledged as collateral and sold under agreements to repurchase investment securities with fair value of $9,096,000 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 March 31, 2015, this line provided for maximum borrowings of $978,743,000 of which none was outstanding, leaving $978,743,000 available. As of March 31, 2015, the Company has designated loans totaling $1,567,140,000 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 March 31, 2015, this line provided for maximum borrowings of $138,447,000 of which none was outstanding, leaving $138,447,000 available. As of March 31, 2015, the Company has designated investment securities with fair value of $427,000 and loans totaling $205,883,000 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 March 31, 2015.