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FEDERAL HOME LOAN BANK ADVANCES AND SHORT-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2021
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,
2021
December 31,
2020
Fixed rate:
Outstanding balance (1)(2)
$411,000 (1)$461,000 
Interest rates ranging from (2)
0.64 %(2)— %
Interest rates ranging to3.32 %3.32 %
Weighted average interest rate2.53 %2.51 %
Variable rate:
Outstanding balance70,000 85,000 
Weighted average interest rate0.20 %0.17 %
(1)Excludes $4.9 million and $6.2 million of unamortized debt issuance costs at December 31, 2021 and 2020.    
(2)Includes zero and $5.0 million in FHLB recovery advances at December 31, 2021 and 2020 with an interest rate of 0.00% that matured on May 27, 2021.
The following table presents financial data of FHLB advances as of the dates or for the periods indicated:
As of or For the Year Ended December 31,
($ in thousands)202120202019
Weighted-average interest rate at end of year2.19 %2.15 %2.27 %
Average interest rate during the year2.82 %2.41 %2.55 %
Average balance$426,875 $749,195 $1,264,945 
Maximum amount outstanding at any month-end$641,000 $1,210,000 $1,850,000 
Balance at end of year(1)
$481,000 $546,000 $1,195,000 
(1)Excludes $4.9 million and $6.2 million of unamortized debt issuance costs at December 31, 2021 and 2020.
Schedule of Federal Home Loan Banks Fiscal Year Maturity
The following table presents contractual maturities by year of the FHLB advances as of December 31, 2021:
($ in thousands)20222023202420252026ThereafterTotal
Fixed rate$— $— $— $291,000 $20,000 $100,000 $411,000 
Variable rate70,000 — — — — — 70,000 
Total$70,000 $ $ $291,000 $20,000 $100,000 $481,000