Long-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Long-Term Borrowings

Schedule of long-term borrowings

(dollars in thousands)	2019		2018
Finance lease	$	19	$	26
FHLB fixed-rate advances(1)		200,000		600,000
Total long-term borrowings	$	200,019	$	600,026

(1) Interest is payable monthly.

Schedule of future contractual principal payments on long-term borrowings

At December 31, 2019, future contractual principal payments and maturities on long-term borrowings were as follows:

	Principal
(dollars in thousands)	Payments
Year ending December 31:
2020	$	9
2021		10
2022		—
2023(1)		100,000
2024(2)		100,000
Total	$	200,019

(1) FHLB fixed-rate advance callable on December 4, 2020 with an interest rate of 2.80%

(2) FHLB fixed-rate advance callable on January 15, 2021 with an interest rate of 2.65%