Repurchase Agreements Disclosure of Repurchase Agreements (Notes)

3 Months Ended

Mar. 31, 2017

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

REPURCHASE AGREEMENTS

The Company can raise additional liquidity by entering into repurchase agreements at its discretion. These repurchases are accounted for as a secured borrowing transaction for accounting purposes. Payments on such borrowings are interest only until the scheduled repurchase date. In a repurchase agreement the Company is subject to the risk that the purchaser may default at maturity and not return the securities underlying the agreements. In order to minimize this potential risk, the Company enters into repurchase agreements that stipulate that the securities underlying the agreement are not delivered to the customer and instead are held in segregated safekeeping accounts by the Company's safekeeping agents.

The table below sets forth information regarding the Company’s repurchase agreements allocated by source of collateral at the dates indicated:



	March 31, 2017
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
	(Dollars in thousands)
Sources of collateral
U.S. government agency securities	$	16,762	$	—	$	—	$	—	$	16,762
Agency mortgage-backed securities	56,837		—		—		—		56,837
Agency collateralized mortgage obligations	72,173		—		—		—		72,173
Total borrowings	$	145,772	$	—	$	—	$	—	$	145,772



	December 31, 2016
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
	(Dollars in thousands)
Sources of Collateral
U.S. government agency securities	$	20,233	$	—	$	—	$	—	$	20,233
Agency mortgage-backed securities	79,079		—		—		—		79,079
Agency collateralized mortgage obligations	77,601		—		—		—		77,601
Total borrowings	$	176,913	$	—	$	—	$	—	$	176,913

Certain counterparties monitor collateral, and may request additional collateral to be posted from time to time. For further information regarding the Company's repurchase agreements see Note 9 - Balance Sheet Offsetting.