Repurchase Agreements Disclosure of Repurchase Agreements (Notes)

9 Months Ended

Sep. 30, 2017

Disclosure of Repurchase Agreements [Abstract]

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:    

	September 30, 2017
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		Total
	(Dollars in thousands)
Sources of collateral
U.S. government agency securities	$	20,219	$	20,219
Agency mortgage-backed securities	63,931		63,931
Agency collateralized mortgage obligations	95,520		95,520
Total borrowings	$	179,670	$	179,670

	December 31, 2016
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous		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 11 - Balance Sheet Offsetting.