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Other Borrowed Funds
6 Months Ended
Jun. 30, 2017
Other Borrowed Funds  
Other Borrowed Funds

Note 7 — Other Borrowed Funds

 

Other borrowed funds include FHLB borrowings, which are short-term and long-term borrowings issued by the FHLB of Dallas at the market price offered at the time of funding.  These borrowings are secured by residential mortgage-backed investment securities and a portion of the Company’s loan portfolio.  At June 30, 2017, other borrowed funds totaled $886,500,000, an increase of 20.9% from $733,375,000 at December 31, 2016.