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Securities Sold Under Agreements to Repurchase (Tables)
12 Months Ended
Dec. 31, 2017
Transfers and Servicing [Abstract]  
Schedule of Securities Sold under Agreements to Repurchase and Related Weighted-Average Interest Rates

The following table presents securities sold under agreements to repurchase and related weighted-average interest rates for each of the years ended December 31:

 

     At or For the
Years Ended December 31,
 

(dollars in thousands)

   2017     2016  

Outstanding at year-end

   $ 384,810     $ 367,052  

Average amount outstanding

     336,539       368,757  

Maximum amount outstanding at any month-end

     402,543       396,695  

Weighted average interest rate:

    

During year

     0.38     0.41

End of year

     0.49       0.47  
Schedule of Remaining Contractual Maturity of Secured Borrowings and Class of Collateral Pledged Under Repurchase Agreements

The following table presents the contractual maturity of our secured borrowings and class of collateral pledged:

 

     At December 31, 2017  
     Remaining Contractual Maturity of the Agreements  

(dollars in thousands)

   Overnight and
Continuous
     Up to
30 Days
     30-90 Days      Greater Than
90 days
     Total  

Repurchase Agreements:

              

U.S. Treasury and agency securities

   $ 359,810      $ 25,000      $ —        $ —        $ 384,810  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 359,810      $ 25,000      $ —        $ —        $ 384,810