Annual report pursuant to Section 13 and 15(d)

FHLB Advances and Other Borrowings (Tables)

v3.6.0.2
FHLB Advances and Other Borrowings (Tables)
 12 Months Ended
Dec. 31, 2016
Federal Home Loan Banks [Abstract]  
FHLB Advances
FHLB advances and other borrowings consisted of the following:
 
As of December 31,
 
2016
 
2015
 
(In thousands)
FHLB advances
$
315,000

 
$
170,000

Total FHLB advances
$
315,000

 
$
170,000

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)
2017
$
315,000

 
0.55
%
Total
$
315,000

 
0.55
%
Summary of Financial Data Pertaining to Federal Home Loan Bank Advances
The following is financial data pertaining to FHLB advances:
 
As of December 31,
 
2016
 
2015
 
2014
 
(In thousands)
Weighted-average interest rate at end of year
0.55
%
 
0.27
%
 
0.27
%
Weighted-average interest rate during the year
0.45
%
 
0.20
%
 
0.21
%
Average balance of FHLB advances
$
196,708

 
$
38,110

 
$
69,781

Maximum amount outstanding at any month-end
$
320,000

 
$
180,000

 
$
150,000