TCF Bank 2015 Annual Report Download - page 93
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78
Certificates of deposit had the following remaining maturities at December 31, 2015.
(In thousands)
Denominations
$100 Thousand or
Greater
Denominations
Less Than
$100 Thousand Total
Maturity:
0-3 months $ 309,076 $ 384,143 $ 693,219
4-6 months 302,176 347,450 649,626
7-12 months 719,329 708,188 1,427,517
Over 12 months 585,969 547,462 1,133,431
Total $ 1,916,550 $1,987,243 $3,903,793
The aggregate amount of certificates of deposit with balances equal to or greater than the Federal Deposit Insurance
Corporation insurance limit of $250,000 were $484.2 million and $302.8 million at December 31, 2015 and 2014,
respectively.
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,
2015 2014
(Dollars in thousands) Amount Rate Amount Rate
Period end balance:
Securities sold under repurchase agreements $ 5,381 0.03% $ 4,425 0.10%
Total $ 5,381 0.03 $4,425 0.10
Average daily balances for the period ended:
Federal Home Loan Bank advances $ — —% $ 74,385 0.26%
Federal funds purchased 225 0.45 375 0.40
Securities sold under repurchase agreements 16,431 0.06 5,956 0.18
Line of Credit - TCF Commercial Finance Canada, Inc. 2,166 1.96 2,957 1.88
Total $ 18,822 0.28 $83,673 0.31
Maximum month-end balances for the period ended:
Federal Home Loan Bank advances $ — N.A. $ 250,000 N.A.
Securities sold under repurchase agreements 62,995 N.A. 4,425 N.A.
Line of Credit - TCF Commercial Finance Canada, Inc. 5,519 N.A. 11,751 N.A.
N.A. Not Applicable.
At December 31, 2015, 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
period end fair value of $15.5 million.