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BORROWING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of debt
Information related to borrowings is provided in the table below (dollars in thousands):
December 31, 2023December 31, 2022
Other borrowings:  
Balance at end of period$509,820 $221,153 
Average amount outstanding during the period (1)
436,676 77,845 
Maximum amount outstanding during the period (2)
1,030,421 316,563 
Weighted average interest rate during the period (3)
4.9 %2.4 %
Interest rate at end of period (4)
5.0 %4.1 %
FHLB borrowings:  
Balance at end of period$212,648 $153,358 
Average amount outstanding during the period (1)
276,584 135,926 
Maximum amount outstanding during the period (2)
533,242 423,645 
Weighted average interest rate during the period (3)
2.5 %2.4 %
Interest rate at end of period (5)
1.2 %0.7 %
(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 other borrowings and 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, 2023 are as follows (in thousands):
Payments Due by Period
 Less than
1 Year
1-2 Years2-3 Years3-4 Years4-5 YearsThereafterTotal
Other borrowings$503,387 $6,433 $— $— $— $— $509,820 
FHLB borrowings210,740 772 484 406 246 — 212,648 
Total obligations$714,127 $7,205 $484 $406 $246 $— $722,468