The Company’s FHLB borrowings and weighted average interest rates are summarized below:

	March 31, 2020				December 31, 2019
	Amount		Rate		Amount			Rate
	(dollars in thousands)
Total FHLB borrowings	$	726,714	1.27	%	$	500,293		1.96	%

By remaining period to maturity:
Less than 1 year	$	541,000	1.09	%	$	400,000		1.84	%
1 year through less than 2 years		123,132	1.73	%		62,000		2.26	%
2 years through less than 3 years		34,713	1.24	%		10,737		2.45	%
3 years through less than 4 years		25,000	2.92	%		25,000		2.92	%
4 years through 5 years		-	-			-		-
After 5 years		2,869	2.42	%		2,882		2.43	%
Total FHLB borrowings		726,714	1.27	%		500,619		1.96	%
Fair value premium (discount)		142				(326	)
FHLB borrowings, net	$	726,856			$	500,293

The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans.

Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rates. The advances at March 31, 2020 were primarily collateralized by approximately $2.8 billion of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. At March 31, 2020 the Company had remaining borrowing capacity of approximately $943 million at FHLB.