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Subordinated Debentures (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of outstanding subordinated debentures
The following table summarizes activities in other borrowings for the periods indicated:
 Year Ended December 31,
 20202019
 (Dollars in thousands)
Average balance outstanding$251 $229 
Weighted average rate0.16 %0.63 %
Maximum amount outstanding at any month-end during the year$5,000 $10,000 
Balance outstanding at end of year— — 
Weighted average interest rate at year-end— %— %
The following table summarizes our outstanding subordinated debentures as of December 31:
 20202019
Stated MaturityCurrent Interest RateCurrent Principal BalanceCarrying Value
 (Dollars in thousands)
Subordinated notes
Subordinated notes due 2024, 5.75% per annum
September 3, 20245.75 %$60,000 $59,552 $59,432 
Subordinated notes due 2029, 4.875% per annum until May 15, 2024, 3-month LIBOR +4.9% thereafter
May 15, 20294.875 %125,000 122,877 122,622 
Subordinated notes due 2030, 5.375% per annum until June 15, 2025, 3-month SOFR +5.17% thereafter
June 15, 20305.375 %150,000 147,501 — 
Subordinated notes due 2025, 7.125% per annum
June 26, 20257.125 %25,000 25,109 25,133 
Subordinated notes due 2026, 5.5% per annum until June 30 2021, 3-month LIBOR +4.285% thereafter
July 1, 20265.50 %135,000 138,371 — 
Total subordinated notes495,000 493,410 207,187 
Subordinated debt
Heritage Oaks Capital Trust II (junior subordinated debt), 3-month LIBOR+1.72%
January 1, 20371.95 %5,248 4,121 4,054 
Santa Lucia Bancorp (CA) Capital Trust (junior subordinated debt), 3-month LIBOR+1.48%
July 7, 20361.72 %5,155 3,980 3,904 
Total subordinated debt10,403 8,101 7,958 
Total subordinated debentures$505,403 $501,511 $215,145 
Schedule of summarizes activities for our subordinated debentures
The following table summarizes activities for our subordinated debentures for the periods indicated:
 Year Ended December 31,
 20202019
 (Dollars in thousands)
Average balance outstanding$377,037 $183,383 
Weighted average rate5.48 %5.82 %
Maximum amount outstanding at any month-end during the year501,511 233,199 
Balance outstanding at end of year501,511 215,145 
Weighted average interest rate at year-end5.38 %5.37 %