Annual report pursuant to Section 13 and 15(d)

FHLB Advances and Other Borrowings (Tables)

v3.3.1.900
FHLB Advances and Other Borrowings (Tables)
 12 Months Ended
Dec. 31, 2015
Federal Home Loan Banks [Abstract]  
FHLB Advances and Other Borrowings
FHLB advances and other borrowings consisted of the following:
 
As of December 31,
 
2015
 
2014
 
(In thousands)
FHLB advances
$
170,000

 
$
150,000

Total FHLB advances
$
170,000

 
$
150,000

Summary of Contractual Maturities Pertaining to FHLB
FHLB advances represent collateralized obligations with the FHLB. The following is a summary of contractual maturities pertaining to FHLB advances:
Year of Maturity
Amount
 
Weighted-
Average
Interest
Rate
 
(In thousands)
2015
$
170,000

 
0.27
%
Total
$
170,000

 
0.27
%
Summary of Financial Data Pertaining to Federal Home Loan Bank Advances
The following is financial data pertaining to FHLB advances:
 
As of December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Weighted-average interest rate at end of year
0.27
%
 
0.27
%
 
0.16
%
Weighted-average interest rate during the year
0.20
%
 
0.21
%
 
2.28
%
Average balance of FHLB advances
$
38,110

 
$
69,781

 
$
6,573

Maximum amount outstanding at any month-end
$
180,000

 
$
150,000

 
$
127,546