Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2016

Federal Home Loan Bank Advances [Abstract]

Federal Home Loan Bank Advances

13. Federal Home Loan Bank Advances

The Company had no short-term or long-term advances from the Federal Home Loan Bank of San Francisco at December 31, 2016 or 2015.

In accordance with the Collateral Pledge and Security Agreement, advances are secured by all FHLB stock held by the Company and by government agency & government-sponsored entity securities and mortgage-backed securities with borrowing capacity of $200,000. At December 31, 2016, $664.7 million in loans were approved for pledging as collateral on borrowing lines with the FHLB. The borrowing capacity on these loans was $566.5 million.