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

12 Months Ended

Dec. 31, 2013

Schedule of Financial Instruments Owned and Pledged as Collateral

The following table summarizes, as of December 31, 2013 and 2012, the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:



	December 31, 2013		December 31, 2012
	(in thousands)
Washington and Oregon State to secure public deposits	$	277,012	$	281,006
Federal Reserve Bank to secure borrowings	42,694		47,634
Other securities pledged	43,081		46,090
Total securities pledged as collateral	$	362,787	$	374,730

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, 2013, 2012 and 2011:



	Years ended December 31,
	2013			2012			2011
	(dollars in thousands)
Balance at end of year	$	36,606		$	6,644		$	119,009
Average balance during the year	$	51,030		$	100,337		$	120,419
Maximum month-end balance during the year	$	190,631		$	118,967		$	127,426
Weighted average rate during the year	1.12		%	2.79		%	2.76		%
Weighted average rate at December 31	1.09		%	5.42		%	2.81		%

Schedule of Financial Instruments Owned and Pledged as Collateral

FHLB advances are collateralized by the following:



	December 31,
	2013		2012
	(in thousands)
Recorded value of blanket pledge on loans receivable	$	1,075,389	$	443,419
Total	$	1,075,389	$	443,419
FHLB borrowing capacity	$	1,037,159	$	435,189

Federal Home Loan Bank Fixed Rate Advances [Member]

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

At December 31, 2013 FHLB advances were scheduled to mature as follows:



	Federal Home Loan Bank Advances Fixed rate advances
	Wtd Avg Rate		Amount
	(dollars in thousands)
Within 1 year	0.23	%	$	30,000
Over 1 through 5 years	5.66	%	1,000
Due after 10 years	5.37	%	5,000
Total			36,000
Valuation adjustment from acquisition accounting			606
Total			$	36,606

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,
	2013		2012
	(in thousands)
Fair value of investment securities	$	40,210	$	45,641
Recorded value of pledged commercial loans	45,242		13,815
Total	$	85,452	$	59,456
Federal Reserve Bank borrowing capacity	$	85,452	$	59,456