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

12 Months Ended

Dec. 31, 2016

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, 2016	(in thousands)
Class of collateral pledged for repurchase agreements
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations	$	55,822	$	—	$	—	$	25,000	$	80,822
Gross amount of recognized liabilities for repurchase agreements									80,822
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, 2016 FHLB advances were scheduled to mature as follows:



	Federal Home Loan Bank Advances Fixed rate advances
	Weighted Average Rate		Amount
	(dollars in thousands)
Over 1 through 5 years	5.66	%	$	1,000
Due after 10 years	5.37	%	5,000
Total			6,000
Valuation adjustment from acquisition accounting			493
Total			$	6,493

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, 2016, 2015 and 2014:



	Years ended December 31,
	2016			2015			2014
	(dollars in thousands)
Balance at end of year	$	6,493		$	68,531		$	216,568
Average balance during the year	$	79,673		$	70,678		$	44,876
Maximum month-end balance during the year	$	250,515		$	242,556		$	216,568
Weighted average rate during the year	0.80		%	0.68		%	0.74		%
Weighted average rate at December 31	5.42		%	0.79		%	0.41		%

Schedule of Financial Instruments Owned and Pledged as Collateral

FHLB advances are collateralized by the following:



	December 31,
	2016		2015
	(in thousands)
Recorded value of blanket pledge on loans receivable	$	1,510,514	$	1,399,201
Total	$	1,510,514	$	1,399,201
FHLB borrowing capacity	$	1,502,284	$	1,328,971

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,
	2016		2015
	(in thousands)
Fair value of investment securities	$	32,795	$	47,516
Recorded value of pledged commercial loans	28,212		37,912
Total	$	61,007	$	85,428
Federal Reserve Bank borrowing capacity	$	61,007	$	85,428