SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)

6 Months Ended

Jun. 30, 2017

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase (repurchase agreements) consist of the following:
		June 30, 2017		December 31, 2016
(Dollars in thousands)
Repurchase agreements, interest ranging from 1.96% to 3.11%
(December 31, 2016- 1.96% to 2.83%) (1)(2)		$	300,000	$	300,000
(1)	Reported net of securities purchased under agreements to repurchase (reverse repurchase agreements) by counterparty, when applicable, pursuant to ASC 210-20-45-11.
(2)	As of June 30, 2017, includes $200 million with an average rate of 2.11% that lenders have the right to call before their contractual maturities at various dates beginning on July 19, 2017. In addition, $100 million is tied to variable rates.

Schedule of Repurchase Agreement Maturity

Repurchase agreements mature as follows:
		June 30, 2017
		(In thousands)
	Over three months to six months		100,000
	Over four to five years		200,000
	Total	$	300,000

Repurchase Agreements Grouped by Counterparty

Repurchase agreements as of June 30, 2017, grouped by counterparty, were as follows:
	(Dollars in thousands)			Weighted-Average
	Counterparty	Amount		Maturity (In Months)
	Dean Witter / Morgan Stanley	$	100,000	4
	JP Morgan Chase		200,000	55
		$	300,000