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Borrowing Arrangements (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
Information related to borrowings is provided in the table below (dollars in thousands):
 
 
June 30,
2019
 
December 31, 2018
Other borrowings:
 
 
 
 
Balance at end of period
 
$
26,064

 
$
36,810

Average amount outstanding during the period (1)
 
15,653

 
10,880

Maximum amount outstanding during the period (2)
 
28,354

 
36,810

Weighted average interest rate during the period (3)
 
1.7
%
 
1.4
%
Interest rate at end of period (4)
 
2.0
%
 
2.1
%
 
 
 
 
 
Federal Home Loan Bank borrowings:
 
 

 
 

Balance at end of period
 
$
823,757

 
$
719,065

Average amount outstanding during the period (1)
 
785,901

 
720,785

Maximum amount outstanding during the period (2)
 
1,004,997

 
957,231

Weighted average interest rate during the period (3)
 
2.1
%
 
1.8
%
Interest rate at end of period (4)
 
2.4
%
 
2.3
%
(1)
The average amount outstanding during the period was computed by dividing the total daily outstanding principal balances by the number of days in the period.
(2)
The maximum amount outstanding at any month-end during the period.
(3)
The weighted average interest rate during the period was computed by dividing the actual interest expense (annualized for interim periods) by the average amount outstanding during the period. The weighted average interest rate on the FHLB borrowings includes the effect of interest rate swaps.
(4)
Stated rate.

Schedule of Maturities of Borrowings
Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at June 30, 2019 are as follows (in thousands):
 
 
Payments Due by Period
 
 
Less than 1 Year
 
1-2 Years
 
2-3 Years
 
3-4 Years
 
4-5 Years
 
Thereafter
 
Total
Other borrowings
 
$
25,931

 
$
133

 
$

 
$

 
$

 
$

 
$
26,064

Federal Home Loan Bank borrowings
 
796,765

 
21,374

 

 

 

 
5,618

 
823,757

Total obligations
 
$
822,696

 
$
21,507

 
$

 
$

 
$

 
$
5,618

 
$
849,821