FHLB Borrowings (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Long-term Debt Instruments [Table Text Block]

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

	June 30, 2021					December 31, 2020
	Amount			Rate		Amount			Rate
	(dollars in thousands)
Total FHLB borrowings	$	353,462		0.97	%	$	425,954		1.07	%

By remaining period to maturity:
Less than 1 year	$	268,420		0.93	%	$	297,570		0.84	%
1 year through less than 2 years		57,368		1.24	%		75,644		1.42	%
2 years through less than 3 years		-		-			50,000		1.84	%
3 years through less than 4 years		25,000		1.00	%		-		-
4 years through 5 years		2,050		2.23	%		-		-
After 5 years		744		2.41	%		2,824		2.42	%
Total FHLB borrowings		353,582		0.97	%		426,038		1.07	%
Fair value premium (discount)		(120	)				(84	)
FHLB borrowings, net	$	353,462				$	425,954

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details