Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.10.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Balances of Commitments and Contingencies
The following table presents the balances of commitments and contingencies (dollars in thousands): 
 
June 30, 2018
 
December 31, 2017
Commitments with off-balance sheet risk:
 

 
 

Commitments to extend credit (1)
$
2,856,128

 
$
2,192,812

Standby letters of credit
173,783

 
127,435

Total commitments with off-balance sheet risk
$
3,029,911

 
$
2,320,247

 
(1) Includes unfunded overdraft protection.
Schedule of Pledged Assets Not Separately Reported on Statement of Financial Position
As part of the Company's liquidity management strategy, it pledges collateral to secure various financing and other activities that occur during the normal course of business. The following tables present the types of collateral pledged, at June 30, 2018 and December 31, 2017 (dollars in thousands):

 
Pledged Assets as of June 30, 2018
 
 
Cash
 
AFS Securities (1)
 
HTM Securities (1)
 
Loans (2)
 
Total
Public deposits
$
—

 
$
437,645

 
$
7,457

 
$
—

 
$
445,102

Repurchase agreements
—

 
71,142

 
—

 
—

 
71,142

FHLB advances
—

 
606

 
—

 
2,696,674

 
2,697,280

Derivatives
13,372

 
2,583

 
—

 
—

 
15,955

Other purposes
—

 
25,422

 
—

 
—

 
25,422

     Total pledged assets
$
13,372

 
$
537,398

 
$
7,457

 
$
2,696,674

 
$
3,254,901

(1) Balance represents market value.
(2) Balance represents book value.

 
Pledged Assets as of December 31, 2017
 
 
Cash
 
AFS Securities (1)
 
HTM Securities (1)
 
Loans (2)
 
Total
Public deposits
$
—

 
$
242,472

 
$
197,482

 
$
—

 
$
439,954

Repurchase agreements
—

 
77,942

 
—

 
—

 
77,942

FHLB advances
—

 
878

 
—

 
2,390,509

 
2,391,387

Derivatives
23,870

 
3,656

 
—

 
—

 
27,526

Other purposes
—

 
15,043

 
—

 
—

 
15,043

     Total pledged assets
$
23,870

 
$
339,991

 
$
197,482

 
$
2,390,509

 
$
2,951,852


(1) Balance represents market value.
(2) Balance represents book value.