TCF Bank 2014 Annual Report Download - page 87
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Certificates of deposit had the following remaining maturities at December 31, 2014.
Denominations Denominations
$100 Thousand or Less Than
(In thousands) Greater $100 Thousand Total
Maturity:
0-3 months $ 250,200 $ 348,379 $ 598,579
4-6 months 150,195 244,631 394,826
7-12 months 345,161 491,403 836,564
13-24 months 505,991 587,088 1,093,079
Over 24 months 75,609 50,532 126,141
Total $1,327,156 $1,722,033 $3,049,189
Note 10. Short-term Borrowings
Selected information for short-term borrowings (borrowings with an original maturity of less than one year) consisted of the
following.
At December 31,
2014 2013
(Dollars in thousands) Amount Rate Amount Rate
Period end balance:
Securities sold under repurchase agreements $ 4,425 0.10% $ 4,918 0.10%
Total $ 4,425 0.10 $ 4,918 0.10
Average daily balances for the period ended:
Federal Home Loan Bank advances $ 74,385 0.26% $ 14 0.34%
Federal funds purchased 375 0.40 660 0.34
Securities sold under repurchase agreements 5,956 0.18 5,713 0.18
Line of Credit – TCF Commercial Finance Canada, Inc. 2,957 1.88 1,298 2.57
Total $ 83,673 0.31 $ 7,685 0.60
Maximum month-end balances for the period ended:
Federal Home Loan Bank advances $250,000 N.A. $ – N.A.
Securities sold under repurchase agreements 4,425 N.A. 7,071 N.A.
Line of Credit – TCF Commercial Finance Canada, Inc. 11,751 N.A. 9,587 N.A.
N.A. Not Applicable.
At December 31, 2014, the securities sold under short-term repurchase agreements were related to TCF Bank’s Repurchase
Investment Sweep Agreement product and were collateralized by mortgage-backed securities having a fair value of $6.8 million.
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