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FEDERAL HOME LOAN BANK ADVANCES AND SHORT-TERM BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Schedule of Federal Home Loan Bank Advances, Financial Data
The following table presents financial data of FHLB advances as of the dates or for the periods indicated:
 
 
As of or For the Year Ended December 31,
($ in thousands)
 
2019
 
2018
 
2017
Weighted-average interest rate at end of year
 
2.27
%
 
2.57
%
 
1.60
%
Average interest rate during the year
 
2.55
%
 
2.15
%
 
1.23
%
Average balance
 
$
1,264,945

 
$
1,627,608

 
$
1,054,978

Maximum amount outstanding at any month-end
 
$
1,850,000

 
$
2,030,000

 
$
1,695,000

Balance at end of year
 
$
1,195,000

 
$
1,520,000

 
$
1,695,000


The following table presents the advances from the FHLB as of the dates indicated:
($ in thousands)
 
December 31,
2019
 
December 31,
2018
Fixed rate:
 
 
 
 
Outstanding balance
 
$
730,000

 
$
805,000

Interest rates ranging from
 
1.82
%
 
1.61
%
Interest rates ranging to
 
3.32
%
 
3.32
%
Weighted average interest rate
 
2.66
%
 
2.58
%
Variable rate:
 
 
 
 
Outstanding balance
 
465,000

 
715,000

Weighted average interest rate
 
1.66
%
 
2.56
%
Schedule of Federal Home Loan Banks Fiscal Year Maturity
The following table presents contractual maturities by year of the FHLB advances as of December 31, 2019:
($ in thousands)
 
2020
 
2021
 
2022
 
2023
 
2024 and After
 
Total
Fixed rate
 
$
174,000

 
$
145,000

 
$
46,000

 
$
45,000

 
$
320,000

 
$
730,000

Variable rate
 
465,000

 
—

 
—

 
—

 
—

 
465,000

Total
 
$
639,000

 
$
145,000

 
$
46,000

 
$
45,000

 
$
320,000

 
$
1,195,000