XML 102 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
BORROWING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of debt
Information related to borrowings is provided in the table below (dollars in thousands):
 
 
December 31, 2019
 
December 31, 2018
Other borrowings:
 
 
 
 
Balance at end of period
 
$
28,358

 
$
36,810

Average amount outstanding during the period (1)
 
15,645

 
10,880

Maximum amount outstanding during the period (2)
 
28,358

 
36,810

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

 
 

Balance at end of period
 
$
972,744

 
$
719,065

Average amount outstanding during the period (1)
 
868,859

 
720,785

Maximum amount outstanding during the period (2)
 
1,077,883

 
957,231

Weighted average interest rate during the period (3)
 
2.0
%
 
1.8
%
Interest rate at end of period (4)
 
1.8
%
 
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 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 December 31, 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
 
$
28,358

 
$

 
$

 
$

 
$

 
$

 
$
28,358

Federal Home Loan Bank borrowings
 
957,016

 
11,690

 
680

 
710

 
740

 
1,908

 
972,744

Total obligations
 
$
985,374

 
$
11,690

 
$
680

 
$
710

 
$
740

 
$
1,908

 
$
1,001,102