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FEDERAL HOME LOAN BANK ADVANCES (Tables)
12 Months Ended
Dec. 31, 2019
FEDERAL HOME LOAN BANK ADVANCES.  
Schedule of FHLB advances

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

(Dollars in thousands)

    

2019

    

2018

 

Average daily balance during the year

 

$

245,283

 

$

324,653

 

Average interest rate during the year

 

 

1.86

%  

 

1.76

%

Maximum month-end balance during the year

 

$

435,000

 

$

520,092

 

Weighted average interest rate at year-end

 

 

1.82

%  

 

2.72

%

 

Schedule of contractual maturities and weighted average interest rates of FHLB advances

 

 

 

 

 

 

 

 

 

December 31, 2019

 

(Dollars in thousands)

 

 

 

 

Weighted

 

Contractual Maturity

    

Amount

    

Average Rate

 

Overnight

 

$

195,000

 

1.81

%

 

 

 

 

 

 

 

2020

 

 

240,000

 

1.84

 

Total FHLB advances

 

$

435,000

 

1.82

%

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

(Dollars in thousands)

 

 

 

 

Weighted

 

Contractual Maturity

    

Amount

    

Average Rate

 

Overnight

 

$

 —

 

 —

%

 

 

 

 

 

 

 

2019

 

 

240,433

 

2.72

 

Total FHLB advances

 

$

240,433

 

2.72

%