Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

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

 
 

Commitments to extend credit (1)
$
3,167,085

 
$
2,192,812

Standby letters of credit
167,597

 
127,435

Total commitments with off-balance sheet risk
$
3,334,682

 
$
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 December 31, 2018 and 2017 (dollars in thousands):

 
Pledged Assets as of December 31, 2018
 
 
Cash
 
AFS Securities(1)
 
HTM Securities(1)
 
Loans(2)
 
Total
Public deposits
$

 
$
293,169

 
$
7,407

 
$

 
$
300,576

Repurchase agreements

 
55,269

 

 

 
55,269

FHLB advances

 
488

 

 
3,337,289

 
3,337,777

Derivatives
13,509

 
1,938

 

 

 
15,447

Other purposes

 
23,217

 

 

 
23,217

     Total pledged assets
$
13,509

 
$
374,081

 
$
7,407

 
$
3,337,289

 
$
3,732,286

(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.