Note 16 – Other Borrowings

A summary of the balances of other borrowings follows:


	March 31, 2018		December 31, 2017
	(in thousands)
FHLB collateralized borrowing, fixed rate, as of March 31, 2018 of 1.87%, payable on April 2, 2018	$	48,000
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 March 31, 2018 and December 31, 2017 of 0.05%, payable on April 2, 2018 and January 2, 2018, respectively		17,041		17,437

Total other borrowings	$	65,041	$	122,166

The Company did not enter into any repurchase agreements during the three months ended March 31, 2018 or the year ended December 31, 2017.

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, 2018, this line provided for maximum borrowings of $1,597,695,000 of which $48,000,000 was outstanding, leaving $1,549,695,000 available. As of March 31, 2018, the Company has designated investment securities with fair value of $205,777,000 and loans totaling $2,138,150,000 as potential collateral under this collateralized line of credit with the FHLB.

The Company had $17,041,000 and $17,437,000 of other collateralized borrowings at March 31, 2018 and December 31, 2017, 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, 2018, the Company has pledged as collateral and sold under agreements to repurchase investment securities with fair value of $31,667,000 under these other collateralized borrowings.

The Company maintains a collateralized line of credit with the San Francisco Federal Reserve Bank. As of March 31, 2018, this line provided for maximum borrowings of $140,921,000 of which zero was outstanding, leaving $140,921,000 available. As of March 31, 2018, the Company has designated investment securities with fair value of $15,677 and loans totaling $262,663,000 as potential collateral under this collateralized line of credit with the San Francisco Federal Reserve Bank.

The Company had available unused correspondent banking lines of credit from commercial banks totaling $20,000,000 for federal funds transactions at March 31, 2018.