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FEDERAL HOME LOAN BANK ADVANCES AND SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2020
Federal Home Loan Banks [Abstract]  
Schedule of Federal Home Loan Bank Advances, Financial Data
The following table presents the advances from the FHLB as of the dates indicated:
($ in thousands)December 31,
2020
December 31,
2019
Fixed rate:
Outstanding balance$461,000 (1)$730,000 
Interest rates ranging from— %(2)1.82 %
Interest rates ranging to3.32 %3.32 %
Weighted average interest rate2.51 %2.66 %
Variable rate:
Outstanding balance85,000 465,000 
Weighted average interest rate0.17 %1.66 %
The following table presents financial data of FHLB advances as of the dates or for the periods indicated:
As of or For the Year Ended December 31,
($ in thousands)202020192018
Weighted-average interest rate at end of year2.15 %2.27 %2.57 %
Average interest rate during the year2.41 %2.55 %2.15 %
Average balance$749,195 $1,264,945 $1,627,608 
Maximum amount outstanding at any month-end$1,210,000 $1,850,000 $2,030,000 
Balance at end of year$546,000 (1)$1,195,000 $1,520,000 
Schedule of Federal Home Loan Banks Fiscal Year Maturity
The following table presents contractual maturities by year of the FHLB advances as of December 31, 2020:
($ in thousands)20212022202320242025 and AfterTotal
Fixed rate$50,000 $— $— $— $411,000 $461,000 
Variable rate85,000 — — — — 85,000 
Total$135,000 $ $ $ $411,000 $546,000