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Federal Home Loan Bank Advances

9 Months Ended

Sep. 30, 2021

Advances payable to the FHLB amounted to $222.6 million and $593.9 million, respectively, at September 30, 2021 and December 31, 2020.

As of September 30, 2021 and December 31, 2020, the Bank had access to a $40.0 million unused line of credit and also had remaining available borrowing capacity of $1.5 billion and $969.7 million, respectively, with the FHLB. The Bank pledges certain qualified investment securities and loans as collateral to the FHLB.

The following table presents maturities and weighted average interest rates on FHLB advances outstanding as of September 30, 2021:


(Dollars in thousands)	Scheduled Maturity	Weighted Average Rate
October 1, 2021 to December 31, 2021	$142,450	0.39	%
2022	—	—
2023	35,000	0.45
2024	35,000	2.45
2025	—	—
2026 and thereafter	10,142	3.06
Balance at September 30, 2021	$222,592	0.84	%