Other Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2019


	December 31,
	2019			2018
	(Dollars in Thousands)
Federal Home Loan Bank advances—short-term
Balance at year end	$	190,000		$	268,975
Rate on balance outstanding at year end		1.48	%		2.70	%
Average daily balance	$	190,431		$	621,357
Average rate		2.60	%		1.97	%
Maximum amount outstanding at any month end	$	371,775		$	1,007,100
Federal Home Loan Bank advances—long-term⁽¹⁾
Balance at year end	$	436,511		$	436,690
Rate on balance outstanding at year end		1.73	%		1.73	%
Average daily balance	$	436,593		$	302,373
Average rate		1.71	%		1.71	%
Maximum amount outstanding at any month end	$	436,675		$	436,700

(1)

Long-term advances at December 31, 2019 and December 31, 2018 consisted of both amortizing and non-amortizing advances. The non-amortizing advances mature in the following increments: $75,000,000 in July 2028, $100,000,000 in March 2033 and $250,000,000 in August 2033 and are callable by the FHLB on a quarterly basis. Two amortizing advances are outstanding at December 31, 2019 in the amounts of $3,146,000 and $8,365,000 and mature in December 2033 and November 2033, respectively. The amortization on the amortizing long-term advances totals approximately $179,000 per year for each of the next five years.