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

12 Months Ended

Dec. 31, 2014

Federal Home Loan Bank Advances [Member]

Schedule of Maturities of Long-term Debt

At December 31, 2014 FHLB advances were scheduled to mature as follows:



	Federal Home Loan Bank Advances Fixed rate advances
	Weighted Average Rate		Amount
	(dollars in thousands)
Within 1 year	0.27	%	$	210,000
Over 1 through 5 years	5.66	%	1,000
Due after 10 years	5.37	%	5,000
Total			216,000
Valuation adjustment from acquisition accounting			568
Total			$	216,568

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, 2014, 2013 and 2012:



	Years ended December 31,
	2014			2013			2012
	(dollars in thousands)
Balance at end of year	$	216,568		$	36,606		$	6,644
Average balance during the year	$	44,876		$	51,030		$	100,337
Maximum month-end balance during the year	$	216,568		$	190,631		$	118,967
Weighted average rate during the year	0.74		%	1.12		%	2.79		%
Weighted average rate at December 31	0.41		%	1.09		%	5.42		%

Schedule of Financial Instruments Owned and Pledged as Collateral

FHLB advances are collateralized by the following:



	December 31,
	2014		2013
	(in thousands)
Recorded value of blanket pledge on loans receivable	$	1,083,879	$	1,075,389
Total	$	1,083,879	$	1,075,389
FHLB borrowing capacity	$	865,138	$	1,037,159

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

The following table shows amounts pledged to the Federal Reserve Bank:



	December 31,
	2014		2013
	(in thousands)
Fair value of investment securities	$	40,128	$	40,210
Recorded value of pledged commercial loans	46,002		45,242
Total	$	86,130	$	85,452
Federal Reserve Bank borrowing capacity	$	86,130	$	85,452