Note 16 – Other Borrowings

A summary of the balances of other borrowings follows:


	December 31,
	2017		2016
	(in thousands)
FHLB collateralized borrowing, fixed rate, as of December 31, 2017 of 1.38%, payable on January 2, 2018	$	104,729		—
Other collateralized borrowings, fixed rate, as of December 31, 2017 of 0.05%, payable on January 2, 2018		17,437	$	17,493

Total other borrowings	$	122,166	$	17,493

The Company did not enter into any other borrowings or repurchase agreements during 2017 or 2016.

The Company maintains a collateralized line of credit with the FHLB. Based on the FHLB stock requirements at December 31, 2017, this line provided for maximum borrowings of $1,365,325,000 of which $104,729,000 was outstanding, leaving $1,260,596,000 available. As of December 31, 2017, the Company had designated investment securities with a fair value of $67,325,000 and loans totaling $1,992,980,000 as potential collateral under this collateralized line of credit with the FHLB.

The Company had $17,437,000 and $17,493,000 of other collateralized borrowings at December 31, 2017 and 2016, 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, 2017, the Company has pledged as collateral and sold under agreements to repurchase investment securities with fair value of $33,531,000 under these other collateralized borrowings.

The Company maintains a collateralized line of credit with the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2017, this line provided for maximum borrowings of $134,660,000 of which none was outstanding, leaving $134,660,000 available. As of December 31, 2017, the Company has designated investment securities with fair value of $17,000 and loans totaling $245,532,000 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 $20,000,000 for federal funds transactions at December 31, 2017.