Schedule of Time Deposit Maturities and Borrowings |
The scheduled maturities, excluding interest, of the Company’s borrowings at September 30, 2020 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2020 | | | Within One Year | | One to Two Years | | Two to Three Years | | Three to Four Years | | Four to Five Years | | After Five Years | | Total | | | (Dollars in thousands) | | Time deposits | $ | 948,251 | | | $ | 115,197 | | | $ | 52,074 | | | $ | 24,669 | | | $ | 495 | | | $ | — | | | $ | 1,140,686 | | | Fed funds purchased & repurchase agreements | 13,531 | | | — | | | — | | | — | | | — | | | — | | | 13,531 | | | FHLB borrowings | 59,500 | | | 21,500 | | | 35,000 | | | — | | | 5,100 | | | 215,000 | | | 336,100 | | | | | | | | | | | | | | | | | | Trust preferred securities(1) | — | | | — | | | — | | | — | | | — | | | 952 | | | 952 | | | | $ | 1,021,282 | | | $ | 136,697 | | | $ | 87,074 | | | $ | 24,669 | | | $ | 5,595 | | | $ | 215,952 | | | $ | 1,491,269 | | |
(1) The contract value of the trust preferred securities is $2.6 million and is currently being accreted to the maturity date of 2035.
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