FEDERAL HOME LOAN BANK ADVANCES (Tables)

9 Months Ended

Sep. 30, 2016

FEDERAL HOME LOAN BANK ADVANCES

Federal Home Loan Bank Advances

(in thousands)	September 30, 2016		December 31, 2015
Overnight advances	$	430,000	$	150,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14% due on December 20, 2016		10,000		10,000
Fixed interest rate advances with a weighted average interest rate of 1.64% due through 2023		372,500		439,500
Putable fixed interest rate advances with a weighted average interest rate of 4.39% due through 2017*		50,000		100,000
Total FHLB advances	$	862,500	$	699,500

*On a quarterly basis, the FHLB has the right to require payoff of these advances by the Bank at no penalty.

Aggregate Future Principal Payments on FHLB Advances

			Weighted
			Average
Year (dollars in thousands)	Principal		Rate
2016 (Overnight)	$	430,000	0.40	%
2016		25,000	1.09
2017		95,000	2.95
2018		117,500	1.53
2019		100,000	1.80
2020		65,000	1.78
2021		20,000	1.86
Thereafter		10,000	2.14
Total	$	862,500	1.18

Information Regarding Short Term Overnight FHLB Advances

(dollars in thousands)	September 30, 2016			December 31, 2015
Outstanding balance at end of period	$	430,000		$	150,000
Weighted average interest rate at end of period		0.40	%		0.35	%

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(dollars in thousands)	2016			2015			2016			2015
Average outstanding balance during the period	$	99,946		$	87,009		$	78,960		$	78,240
Average interest rate during the period		0.44	%		0.17	%		0.42	%		0.16	%
Maximum outstanding at any month end during the period	$	430,000		$	182,000		$	495,000		$	387,000

Real Estate Loans Pledged

(in thousands)	September 30, 2016		December 31, 2015
First lien, single family residential real estate	$	1,213,275	$	1,346,663
Home equity lines of credit		301,159		272,863
Multi-family commercial real estate		9,692		10,227