Quarterly report pursuant to Section 13 or 15(d)

Federal Home Loan Bank Advances (Tables)

v2.4.0.8
Federal Home Loan Bank Advances (Tables)
3 Months Ended
Mar. 31, 2014
Federal Home Loan Bank Advances [Abstract]  
Schedule of Maturities of Long-term Debt [Table Text Block]
At March 31, 2014, FHLB advances had the following remaining maturities:
(in thousands)
March 31,
2014
≤ 3 months
$

> 3 and ≤ 6 months
2,500

> 6 and ≤ 12 months
33,738

> 12 and ≤ 24 months

> 24 months (1)
428,238

Total
$
464,476

____________________
(1)
Greater than 24 months includes FHLB advances with maturity dates ranging from January 17, 2017 to March 27, 2017.

Schedule of Underlying Assets of Federal Home Loan Bank Advances [Table Text Block]
The following table summarizes assets at carrying value that are pledged or restricted as collateral for the future payment obligations of FHLB advances:
(in thousands)
March 31,
2014
Available-for-sale securities, at fair value
$
421,360

Mortgage loans held-for-sale, at fair value
14,435

Net economic interests in consolidated securitization trusts (1)
79,284

Restricted cash
250

Total
$
515,329

____________________
(1)
Includes the retained interests from the Company’s on-balance sheet securitizations, which are eliminated in consolidation in accordance with U.S. GAAP.