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

12 Months Ended

Dec. 31, 2015

Schedule of Financial Instruments Owned and Pledged as Collateral

The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements:



	Remaining contractual maturity of the agreements
	Overnight and continuous		Up to 30 days		30 - 90 days		Greater than 90 days		Total
December 31, 2015	(in thousands)
Class of collateral pledged for repurchase agreements
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations	$	74,699	$	—	$	—	$	25,000	$	99,699
Gross amount of recognized liabilities for repurchase agreements									99,699
Amounts related to agreements not included in offsetting disclosure									$	—

Federal Home Loan Bank Advances [Member]

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

At December 31, 2015 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	0.34	%	$	62,000
Over 1 through 5 years	5.66	%	1,000
Due after 10 years	5.37	%	5,000
Total			68,000
Valuation adjustment from acquisition accounting			531
Total			$	68,531

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, 2015, 2014 and 2013:



	Years ended December 31,
	2015			2014			2013
	(dollars in thousands)
Balance at end of year	$	68,531		$	216,568		$	36,606
Average balance during the year	$	70,678		$	44,876		$	51,030
Maximum month-end balance during the year	$	242,556		$	216,568		$	190,631
Weighted average rate during the year	0.68		%	0.74		%	1.12		%
Weighted average rate at December 31	0.79		%	0.41		%	1.09		%

Schedule of Financial Instruments Owned and Pledged as Collateral

FHLB advances are collateralized by the following:



	December 31,
	2015		2014
	(in thousands)
Recorded value of blanket pledge on loans receivable	$	1,399,201	$	1,083,879
Total	$	1,399,201	$	1,083,879
FHLB borrowing capacity	$	1,328,971	$	865,138

Federal Reserve Bank Advances [Member]

Debt Instrument [Line Items]

Debt Instrument Activity For Year

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,
	2015		2014
	(in thousands)
Fair value of investment securities	$	47,516	$	40,128
Recorded value of pledged commercial loans	37,912		46,002
Total	$	85,428	$	86,130
Federal Reserve Bank borrowing capacity	$	85,428	$	86,130