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BORROWING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of debt
Information related to borrowings is provided in the table below (dollars in thousands):
December 31, 2022December 31, 2021
Other borrowings:  
Balance at end of period$221,153 $23,219 
Average amount outstanding during the period (1)
77,845 22,257 
Maximum amount outstanding during the period (2)
316,563 24,549 
Weighted average interest rate during the period (3)
2.4 %0.2 %
Interest rate at end of period (4)
4.1 %0.2 %
FHLB borrowings:  
Balance at end of period$153,358 $344,038 
Average amount outstanding during the period (1)
135,926 665,384 
Maximum amount outstanding during the period (2)
423,645 723,584 
Weighted average interest rate during the period (3)
2.4 %1.1 %
Interest rate at end of period (4)(5)
4.7 %1.3 %
(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.
(5)The interest rate on FHLB borrowings includes the effect of interest rate swaps.
Schedule of maturities of borrowings
Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at December 31, 2022 are as follows (in thousands):
Payments Due by Period
 Less than
1 Year
1-2 Years2-3 Years3-4 Years4-5 YearsThereafterTotal
Other borrowings$218,203 $2,950 $— $— $— $— $221,153 
FHLB borrowings150,709 740 772 485 406 246 153,358 
Total obligations$368,912 $3,690 $772 $485 $406 $246 $374,511