Agenda - Council - 11/13/2012 - Laserfiche WebLink

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Pursuant to applicable laws and regulations, the Bank is deemed to be well -capitalized. To be well - capitalized, a bank must have a total risk -based capital ratio of 10.00% or greater, a Tier 1 risk -based capital ratio of 6.00% or greater, a leverage ratio of 5.00% or greater and not be subject to any agreement, order or directive to meet a specific capital level for any capital measure. These capital ratios represent the relative risk inherent within our balance sheet. 11. Deposits The following table represents the maturity distribution of time certificates of deposit at December 31, 2011: (dollars in thousands) 2012 $7,263,575 2013 755,042 2014 397,355 2015 693,798 2016 647,662 2017 and thereafter 207,226 Total $9,964,658 Time certificates with a denomination of $100,000 and greater totaled $6.5 billion and $5.0 billion at December 31, 2011 and 2010, respectively. Total brokered time certificates of deposit totaled $738.0 million and $95.2 million at December 31, 2011 and 2010, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2011 and 2010 were $5.1 million and $7.1 million, respectively. In March 2010, the Bank received $1.1 billion of noninterest-bearing cash deposits to collateralize the Guarantee. The collateralized deposits on hand were $858.6 million and $1.0 billion at December 31, 2011 and 2010, respectively. Refer to Note 7 for additional information. 12. Short -Term Borrowings At December 31, 2011 and 2010, short-terrn borrowings were comprised of the following: (dollars in thousands) Federal funds purchased and securities sold under agreements to repurchase Advances from Federal Home Loan Banks and other short-term borrowings Total short-term borrowings 2011 2010 $352,060 $733,172 1,560 6,465 $353,620 $739,637 The table below shows selected infonnation for short-term borrowings: (dollars in thousands) 2011 2010 Federal funds purchased and securities sold under agreements to repurchase: Weighted -average interest rate at December 31 Highest month -end balance Average daily outstanding balance Weighted -average daily interest rate paid Advances from Federal Home Loan Banks and other short-term borrowings: Weighted -average interest rate at December 31 Highest month -end balance Average daily outstanding balance Weighted -average daily interest rate paid 0.05% 0,09% $1,178,962 $4,433,701 640,517 720,107 0.10% 0.12% $ 32,574 $ 89,665 2,191 13,724 0.04% 0.01% The Bank treats securities sold under agreements to repurchase as collateralized financings. The Bank reflects the obligations to repurchase the identical securities sold as liabilities, with the dollar amount of -35- 2011 Bank of the West Annual Report