FEDERAL HOME LOAN BANK ("FHLB") ADVANCES (Tables)

6 Months Ended

Jun. 30, 2013

FEDERAL HOME LOAN BANK ("FHLB") ADVANCES

Federal Home Loan Bank Advances

(dollars in thousands)	June 30, 2013		December 31, 2012
Fixed interest rate advances with a weighted average interest rate of 2.17% due through 2023	$	492,044	$	442,600
Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017(1)	100,000		100,000
Total FHLB advances	$	592,044	$	542,600

(1) - Represents putable advances with the FHLB. These advances have original fixed rate periods ranging from one to five years with original maturities ranging from three to ten years if not put back to the Bank earlier by the FHLB. At the end of their respective fixed rate periods and on a quarterly basis thereafter, the FHLB has the right to require payoff of the advances by the Bank at no penalty. Based on market conditions at this time, the Bank does not believe that any of its putable advances are likely to be “put back” to the Bank in the short-term by the FHLB.

Aggregate Future Principal Payments on FHLB Advances

Year	(in thousands)
2013	$	35,000
2014	178,000
2015	25,000
2016	82,000
2017	125,000
Thereafter	147,044
Total	$	592,044

Investment Securities Pledged

(in thousands)	June 30, 2013		December 31, 2012
First lien, single family residential real estate	$	1,122,223	$	1,053,946
Home equity lines of credit	107,157		116,043
Multi-family commercial real estate	9,085		11,695