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FHLB Borrowings (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]

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