Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.19.1
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Balances of Commitments and Contingencies
The following table presents the balances of commitments and contingencies (dollars in thousands): 
 
March 31, 2019
 
December 31, 2018
Commitments with off-balance sheet risk:
 

 
 

Commitments to extend credit (1)
$
3,763,137

 
$
3,167,085

Standby letters of credit
189,975

 
167,597

Total commitments with off-balance sheet risk
$
3,953,112

 
$
3,334,682

(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 March 31, 2019 and December 31, 2018 (dollars in thousands):

 
Pledged Assets as of March 31, 2019
 
 
Cash
 
AFS Securities (1)
 
HTM Securities (1)
 
Loans (2)
 
Total
Public deposits
$
—

 
$
516,691

 
$
231,418

 
$
—

 
$
748,109

Repurchase agreements
—

 
94,741

 
4,785

 
—

 
99,526

FHLB advances
—

 
91,054

 
—

 
3,779,006

 
3,870,060

Derivatives
38,948

 
1,748

 
—

 
—

 
40,696

Other purposes
—

 
105,013

 
11,976

 
—

 
116,989

     Total pledged assets
$
38,948

 
$
809,247

 
$
248,179

 
$
3,779,006

 
$
4,875,380

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

 
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.