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OTHER BORROWINGS
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
OTHER BORROWINGS
NOTE 6 – OTHER BORROWINGS
 
Other borrowings consist of the following:
(dollars in thousands)June 30, 2020December 31, 2019
FHLB borrowings:  
Fixed Rate Advance due January 10, 2020; fixed interest rate of 1.68%
$—  $50,000  
Fixed Rate Advance due January 13, 2020; fixed interest rate of 1.68%
—  50,000  
Fixed Rate Advance due January 13, 2020; fixed interest rate of 1.67%
—  100,000  
Fixed Rate Advance due January 15, 2020; fixed interest rate of 1.71%
—  50,000  
Fixed Rate Advance due January 16, 2020; fixed interest rate of 1.69%
—  150,000  
Fixed Rate Advance due January 17, 2020; fixed interest rate of 1.70%
—  100,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  50,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  200,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.70%
—  25,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  75,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  25,000  
Fixed Rate Advance due January 23, 2020; fixed interest rate of 1.71%
—  100,000  
Fixed Rate Advance due January 27, 2020; fixed interest rate of 1.73%
—  50,000  
Fixed Rate Advance due February 18, 2020; fixed interest rate of 1.72%
—  100,000  
Fixed Rate Advance due July 6, 2020; fixed interest rate of 0.27%
150,000  —  
Fixed Rate Advance due July 8, 2020; fixed interest rate of 0.27%
100,000  —  
Fixed Rate Advance due July 10, 2020; fixed interest rate of 0.246%
100,000  —  
Fixed Rate Advance due July 20, 2020; fixed interest rate of 0.25%
100,000  —  
Fixed Rate Advance due July 22, 2020; fixed interest rate of 0.27%
100,000  —  
Fixed Rate Advance due July 23, 2020; fixed interest rate of 0.38%
100,000  —  
Fixed Rate Advance due July 23, 2020; fixed interest rate of 0.27%
100,000  —  
Fixed Rate Advance due July 28, 2020; fixed interest rate of 0.25%
100,000  —  
Fixed Rate Advance due August 18, 2020; fixed interest rate of 0.21%
150,000  —  
Fixed Rate Advance due September 21, 2020; fixed interest rate of 0.22%
100,000  —  
Fixed Rate Advance due March 3, 2025; fixed interest rate of 1.208%
15,000  —  
Fixed Rate Advance due March 2, 2027; fixed interest rate of 1.445%
15,000  —  
Fixed Rate Advance due March 4, 2030; fixed interest rate of 1.606%
15,000  —  
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
1,417  1,422  
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
981  985  
Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095%
1,639  1,712  
Subordinated notes payable:  
Subordinated notes payable due March 15, 2027 net of unamortized debt issuance cost of $878 and $943, respectively; fixed interest rate of 5.75% through March 14, 2022; variable interest rate thereafter at three-month LIBOR plus 3.616%
74,122  74,057  
Subordinated notes payable due December 15, 2029 net of unamortized debt issuance cost of $2,287 and $2,408, respectively; fixed interest rate of 4.25% through December 14, 2024; variable interest rate thereafter at three-month SOFR plus 2.94%
117,713  117,592  
Subordinated notes payable due May 31, 2030 net of unaccreted purchase accounting fair value adjustment of $1,212 and $1,596, respectively; fixed interest rate of 5.875% through May 31, 2025; variable interest rate thereafter at three-month LIBOR plus 3.63%
76,212  76,595  
Other debt:  
Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%
1,252  1,346  
Total$1,418,336  $1,398,709  
 
The advances from the FHLB are collateralized by a blanket lien on all eligible first mortgage loans and other specific loans in addition to FHLB stock. At June 30, 2020, $2.83 billion was available for borrowing on lines with the FHLB.
 
As of June 30, 2020, the Bank maintained credit arrangements with various financial institutions to purchase federal funds up to $152.0 million.
 
The Bank also participates in the Federal Reserve discount window borrowings program. At June 30, 2020, the Company had $2.41 billion of loans pledged at the Federal Reserve discount window and had $1.43 billion available for borrowing.