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v3.19.3.a.u2

Other Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2019
Other Borrowings. |
Schedule of other borrowings | The Company’s other borrowings were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 2019 | ​ | ​ | ​ | 2018 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | ​ | Weighted | ​
​ | ​ | ​ | ​ | Interest | ​ | ​ | ​ | Average | ​ | Interest | ​ | ​ | ​ | Average | ​
​ | ​ | ​ | ​ | Rate at | ​ | ​ | ​ | Interest | ​ | Rate at | ​ | ​ | ​ | Interest | ​
(Dollars in thousands) |  | Maturity |  | 12/31/2019 |  | Balance |  | Rate |  | 12/31/2018 |  | Balance |  | Rate | ​
Short-term borrowings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal Home Loan Bank Fixed Rate Credit | ​ | 12/31/2019 | ​ | — | % | $ | — | ​ | ​ | ​ | 2.64 | % | $ | 150,000 | ​ | ​ | ​
Federal Home Loan Bank Fixed Rate Credit | ​ | 3/4/2020 | ​ | 1.75 | % |  | 200,000 | ​ | ​ | ​ | — | % |  | — | ​ | ​ | ​
Federal Home Loan Bank Fixed Rate Credit | ​ | 3/19/2020 | ​ | 1.73 | % | ​ | 350,000 | ​ | ​ | ​ | — | % | ​ | — | ​ | ​ | ​
Federal Home Loan Bank Fixed Rate Credit | ​ | 3/30/2020 | ​ | 1.72 | % |  | 150,000 | ​ | ​ | ​ | — | % |  | — | ​ | ​ | ​
Total short-term borrowings | ​ | ​ | ​ | ​ | ​ | ​ | 700,000 | ​ | 2.35 | % | ​ | ​ | ​ | 150,000 | ​ | 2.64 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term borrowings | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SCBT Capital Trust I junior subordinated debt(1) | ​ | 6/15/2035 | ​ | 3.68 | % |  | 12,372 | ​ | ​ | ​ | 4.58 | % |  | 12,372 | ​ | ​ | ​
SCBT Capital Trust II junior subordinated debt(1) | ​ | 6/15/2035 | ​ | 3.68 | % |  | 8,248 | ​ | ​ | ​ | 4.58 | % |  | 8,248 | ​ | ​ | ​
SCBT Capital Trust III junior subordinated debt(1) | ​ | 7/18/2035 | ​ | 3.48 | % | ​ | 20,619 | ​ | ​ | ​ | 4.38 | % | ​ | 20,619 | ​ | ​ | ​
SAVB Capital Trust I junior subordinated debt(1) | ​ | 10/7/2033 | ​ | 4.84 | % |  | 6,186 | ​ | ​ | ​ | 5.29 | % |  | 6,186 | ​ | ​ | ​
SAVB Capital Trust II junior subordinated debt(1) | ​ | 12/15/2034 | ​ | 4.09 | % |  | 4,124 | ​ | ​ | ​ | 4.99 | % |  | 4,124 | ​ | ​ | ​
TSB Statutory Trust I junior subordinated debt(1) | ​ | 3/14/2037 | ​ | 3.61 | % |  | 3,093 | ​ | ​ | ​ | 4.51 | % |  | 3,093 | ​ | ​ | ​
Southeastern Bank Financial Statutory Trust I junior subordinated debt(1) | ​ | 12/15/2035 | ​ | 3.29 | % |  | 10,310 | ​ | ​ | ​ | 4.19 | % |  | 10,310 | ​ | ​ | ​
Southeastern Bank Financial Statutory Trust II junior subordinated debt(1) | ​ | 6/15/2036 | ​ | 3.29 | % |  | 10,310 | ​ | ​ | ​ | 4.19 | % |  | 10,310 | ​ | ​ | ​
CSBC Statutory Trust I junior subordinated debt(1) | ​ | 12/15/2035 | ​ | 3.46 | % |  | 15,464 | ​ | ​ | ​ | 4.36 | % |  | 15,464 | ​ | ​ | ​
Community Capital Statutory Trust I junior subordinated debt(1) | ​ | 6/15/2036 | ​ | 3.44 | % |  | 10,310 | ​ | ​ | ​ | 4.34 | % |  | 10,310 | ​ | ​ | ​
FCRV Statutory Trust I junior subordinated debt(1) | ​ | 12/15/2036 | ​ | 3.59 | % |  | 5,155 | ​ | ​ | ​ | 4.49 | % |  | 5,155 | ​ | ​ | ​
Provident Community Bancshares Capital Trust I junior subordinated debt(1) | ​ | 3/1/2037 | ​ | 3.84 | % |  | 4,124 | ​ | ​ | ​ | 4.14 | % |  | 4,124 | ​ | ​ | ​
Provident Community Bancshares Capital Trust II junior subordinated debt(1) | ​ | 10/1/2036 | ​ | 3.65 | % |  | 8,248 | ​ | ​ | ​ | 4.48 | % |  | 8,248 | ​ | ​ | ​
Fair Market Value Discount Trust Preferred Debt Acquired | ​ | ​ | ​ | ​ | ​ | ​ | (2,730) | ​ | ​ | ​ | ​ | ​ | ​ | (3,397) | ​ | ​ | ​
Other | ​ | Various | ​ | 0.50 | % |  | 103 | ​ | ​ | ​ | 4.14 | % |  | 918 | ​ | ​ | ​
Total long-term borrowings | ​ | ​ | ​ | ​ | ​ | ​ | 115,936 | ​ | 3.60 | % | ​ | ​ | ​ | 116,084 | ​ | 4.45 | %
Total borrowings | ​ | ​ | ​ | ​ | ​ | $ | 815,936 | ​ | ​ | ​ | ​ | ​ | $ | 266,084 | ​ | ​ | ​
(1) | All of the junior subordinated debt above is adjustable rate based on three-month LIBOR plus a spread ranging from 140 basis points to 285 basis points.
Summary of principal maturities of other borrowings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Junior |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |
​ | ​ | Subordinated | ​ | FHLB | ​ | ​ | ​ | ​ | ​ | ​ |
(Dollars in thousands) | ​ | Debt | ​ | Advances | ​ | Other | ​ | Total |
Year Ended December 31, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2020 | ​ | $ | — | ​ | $ | 700,000 | ​ | $ | 7 | ​ | $ | 700,007 | ​
2021 | ​ |  | — | ​ |  | — | ​ |  | 8 | ​ |  | 8 | ​
2022 | ​ |  | — | ​ |  | — | ​ |  | 8 | ​ |  | 8 | ​
2023 | ​ |  | — | ​ |  | — | ​ |  | 8 | ​ |  | 8 | ​
2024 | ​ |  | — | ​ |  | — | ​ |  | 8 | ​ |  | 8 | ​
Thereafter | ​ |  | 115,833 | ​ |  | — | ​ |  | 64 | ​ |  | 115,897 | ​
​ | ​ | $ | 115,833 | ​ | $ | 700,000 | ​ | $ | 103 | ​ | $ | 815,936 | ​

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