Note 12 – Other Borrowings

A summary of the balances of other borrowings follows:


	December 31,
	2018		2017
	(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, 2018 and December 31, 2017 of 0.05%, payable on January 2, 2019 and January 2, 2018, respectively		15,839		17,437

Total other borrowings	$	15,839	$	122,166

The Company did not enter into any other borrowings or repurchase agreements during 2018 or 2017.

The Company maintains a collateralized line of credit with the FHLB. Based on the FHLB stock requirements at December 31, 2018, this line provided for maximum borrowings of $2,063,815,000 of which zero was outstanding. As of December 31, 2018, the Company had designated investment securities with a fair value of $188,559,000 and loans totaling $2,832,945,000 as potential collateral under this collateralized line of credit with the FHLB.

The Company had $15,839,000 and $17,437,000 of other collateralized borrowings at December 31, 2018 and 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 December 31, 2018, the Company has pledged as collateral and sold under agreements to repurchase investment securities with fair value of $37,688,000 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, 2018, this line provided for maximum borrowings of $142,272,000 of which none was outstanding. As of December 31, 2018, the Company has designated investment securities with fair value of $12,000 and loans totaling $256,364,000 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, 2018.