ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)

3 Months Ended

Mar. 31, 2016

ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)

NOTE 16 – ADVANCES FROM THE FEDERAL HOME LOAN BANK (FHLB)

The following is a summary of the advances from the FHLB:
			As of		As of
		March 31,		December 31,
		2016		2015
		(Dollars in thousands)
	Fixed-rate advances from FHLB, with a weighted-
	average interest rate of 1.30% (December 31, 2015 - 1.30%)	$	455,000	$	455,000

Advances from FHLB mature as follows:
		March 31,
		2016
		(In thousands)
	Over three months to six months	$	100,000
	Over one year to three years		225,000
	Over three to four years		130,000
	Total	$	455,000

As of March 31, 2016, the Corporation had additional capacity of approximately $617.8million on this credit facility based on collateral pledged at the FHLB, including a haircut reflecting the perceived risk associated with the collateral.