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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Tables)
 3 Months Ended
Mar. 31, 2016
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE  
Schedule of securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

    

March 31, 2016

    

 

December 31, 2015

    

 

 

 

 

 

 

 

 

 

 

 

Outstanding balance at end of period

 

$
319,893

 

 

$
395,433

 

 

Weighted average interest rate at end of period

 

 
0.02

%  

 

 
0.02

%  

 

 

 

 

 

 

 

 

 

 

 

Fair value of securities pledged:

 

 

 

 

 

 

 

 

 

U.S. Treasury securities and U.S. Government agencies

 

$
222,290

 

 

$
244,707

 

 

Mortgage backed securities - residential

 

 
74,506

 

 

 
82,666

 

 

Collateralized mortgage obligations

 

 
117,577

 

 

 
130,821

 

 

Total securities pledged

 

$
414,373

 

 

$
458,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

(dollars in thousands)

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

Average outstanding balance during the period

 

$
407,698

 

 

$
391,254

 

Average interest rate during the period

 

 
0.02

%  

 

 
0.04

%  

Maximum outstanding at any month end during the period

 

$
367,373

 

 

$
408,955