Federal Home Loan Bank and Federal Reserve Bank Borrowings (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instrument [Line Items]

Schedule of Financial Instruments Owned and Pledged as Collateral

The following table summarizes, as of December 31, 2012 and 2011, the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:

	December 31, 2012		December 31, 2011
	(in thousands)
To Washington and Oregon State to secure public deposits	$	281,006	$	225,345
To Federal Home Loan Bank to secure advances	—		91,097
To Federal Reserve Bank to secure borrowings	47,634		56,347
Other securities pledged	46,090		47,454
Total securities pledged as collateral	$	374,730	$	420,243

Federal Home Loan Bank Advances [Member]

Debt Instrument [Line Items]

Debt Instrument Activity For Year

The maximum, average outstanding and year-end balances and average interest rates on advances from the FHLB were as follows for the years ended December 31, 2012, 2011 and 2010:

	Years ended December 31,
	2012			2011			2010
	(dollars in thousands)
Balance at end of year	$	6,644		$	119,009		$	119,405
Average balance during the year	$	100,337		$	120,419		$	123,685
Maximum month-end balance during the year	$	118,967		$	127,426		$	154,916
Weighted average rate during the year	2.79		%	2.76		%	2.75		%
Weighted average rate at December 31	5.42		%	2.81		%	2.81		%

Schedule of Financial Instruments Owned and Pledged as Collateral

FHLB advances are collateralized by the following:

	December 31,
	2012		2011
	(in thousands)
Fair value of investment securities	$	—	$	77,414
Recorded value of blanket pledge on loans receivable	443,419		462,040
Total	$	443,419	$	539,454
FHLB borrowing capacity	$	435,189	$	419,115

Federal Home Loan Bank Fixed Rate Advances [Member]

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

At December 31, 2012 FHLB advances were scheduled to mature as follows:

	Federal Home Loan Bank Advances Fixed rate advances
	Wtd Avg Rate		Amount
	(dollars in thousands)
Over 5 through 10 years	5.66	%	1,000
Due after 10 years	5.37	%	5,000
Total			6,000
Valuation adjustment from acquisition accounting			644
Total			$	6,644

Federal Reserve Bank Advances [Member]

Debt Instrument [Line Items]

Debt Instrument Activity For Year

Although the Company has not had FRB borrowings in the last three years

Schedule of Financial Instruments Owned and Pledged as Collateral

Federal Reserve Bank:

	December 31,
	2012		2011
	(in thousands)
Fair value of investment securities	$	45,641	$	53,122
Recorded value of pledged commercial loans	13,815		351,322
Total	$	59,456	$	404,444
Federal Reserve Bank borrowing capacity	$	59,456	$	404,444