Atlantic Union Bankshares Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Balances of Commitments and Contingencies

The following table presents the balances of commitments and contingencies (dollars in thousands):



	September 30, 2017		December 31, 2016
Commitments with off-balance sheet risk:
Commitments to extend credit ⁽¹⁾	$	2,085,103	$	1,924,885
Standby letters of credit	119,977		84,212
Total commitments with off-balance sheet risk	$	2,205,080	$	2,009,097

(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 September 30, 2017 and December 31, 2016 (dollars in thousands):



	Pledged Assets as of September 30, 2017
	Cash		AFS Securities ⁽¹⁾		HTM Securities ⁽¹⁾		Loans ⁽²⁾		Total
Public deposits	$	—	$	224,153	$	206,878	$	—	$	431,031
Repurchase agreements	—		88,257		—		—		88,257
FHLB advances	—		1,022		—		2,404,355		2,405,377
Derivatives	23,831		3,898		—		—		27,729
Other purposes	—		15,580		—		—		15,580
Total pledged assets	$	23,831	$	332,910	$	206,878	$	2,404,355	$	2,967,974

(1) Balance represents market value.

(2) Balance represents book value.



	Pledged Assets as of December 31, 2016
	Cash		AFS Securities ⁽¹⁾		HTM Securities ⁽¹⁾		Loans ⁽²⁾		Total
Public deposits	$	—	$	210,546	$	197,889	$	—	$	408,435
Repurchase agreements	—		108,208		—		—		108,208
FHLB advances	—		1,475		—		1,959,929		1,961,404
Derivatives	33,595		4,376		—		—		37,971
Other purposes	—		17,499		—		—		17,499
Total pledged assets	$	33,595	$	342,104	$	197,889	$	1,959,929	$	2,533,517

(1) Balance represents market value.

(2) Balance represents book value.