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)

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.