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Advances From The Federal Home Loan Bank ("FHLB")
6 Months Ended
Jun. 30, 2011
Advances From The Federal Home Loan Bank ("FHLB")  
Advances From The Federal Home Loan Bank ("FHLB")

11. Advances from the Federal Home Loan Bank ("FHLB")

Total advances from the FHLB decreased by $300.0 million to $250.0 million at June 30, 2011, from $550.0 million at December 31, 2010. The Company prepaid advances from the FHLB totaling $200.0 million with a weighted rate of 4.29% during the first quarter of 2011 and $100.0 million at a rate of 4.33% in the second quarter of 2011. Prepayment penalty incurred were $12.3 million in the first six months of 2011 and $3.5 million in the second quarter of 2011. In January 2010, the Company prepaid advances totaling $65.0 million from the FHLB with a rate of 3.49% and incurred prepayment penalties totaling $909,000. As of June 30, 2011, $250.0 million FHLB advances with weighted average rate of 4.58% compared to $550.0 million FHLB advances with weighted average rate of 4.43% at December 31, 2010.