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Securities Sold Under Agreements to Repurchase
6 Months Ended
Jun. 30, 2015
Transfers and Servicing [Abstract]  
Securities Sold Under Agreements to Repurchase
Securities Sold Under Agreements to Repurchase

The Company’s securities sold under agreements to repurchase (“repurchase agreements”) amounted to $408,935,000 and $397,107,000 at June 30, 2015 and December 31, 2014, respectively, are almost entirely overnight in nature, and are secured by residential mortgage-backed securities with carrying values of $444,695,000 and $479,345,000, respectively. Securities are pledged to customers at the time of the transaction in an amount at least equal to the outstanding balance and are held in custody accounts by third parties. The fair value of collateral is continually monitored and additional collateral is provided as deemed appropriate.