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Borrowings
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Borrowings
Note 9. Borrowings

Each FHLB advance bears a fixed rate of interest and consists of the following:

 
December 31, 2013
 
December 31, 2012
(Dollars in thousands)
Amount
 
Weighted
Rate
 
Amount
 
Weighted
Rate
Maturing within one year
$
559,084

 
0.24
%
 
$
720,000

 
0.28
%
Maturing one year through two years
77,979

 
3.36
%
 

 
%
Maturing two years through three years
45,042

 
2.99
%
 
75,000

 
3.48
%
Maturing three years through four years

 
%
 
45,000

 
2.99
%
Maturing four years through five years
20,250

 
2.83
%
 

 
%
Thereafter
137,827

 
3.12
%
 
157,013

 
3.07
%
Total
$
840,182

 
1.21
%
 
$
997,013

 
1.09
%



Note 9. Borrowings (continued)

In addition to specifically pledged loans and investment securities, FHLB advances are collateralized by FHLB stock owned by the Company and a blanket assignment of the unpledged qualifying loans and investments.

With respect to $275,000,000 of FHLB advances at December 31, 2013, FHLB holds put options that will be exercised on the quarterly measurement date when 3-month LIBOR is 8 percent or greater. The FHLB put options as of December 31, 2013 are summarized as follows:
(Dollars in thousands)
Amount
 
Interest
Rate
Maturing during years ending December 31,
 
 
 
2015
$
75,000

 
3.16% - 3.64%
2016
45,000

 
2.93% - 3.05%
2018
20,000

 
2.73% - 2.85%
2021
135,000

 
2.88% - 3.43%
 
$
275,000

 
 


The Company’s remaining borrowings consisted of capital lease obligations, liens on OREO and other debt obligations through consolidation of certain VIEs. At December 31, 2013, the Company had $255,000,000 in unsecured lines of credit which are typically renewed on an annual basis with various correspondent entities.