XML 60 R47.htm IDEA: XBRL DOCUMENT v3.22.4
FEDERAL HOME LOAN BANK ADVANCES AND SHORT-TERM BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2022
Federal Home Loan Banks [Abstract]  
Schedule of Federal Home Loan Bank Advances, Financial Data
The following table presents advances from the FHLB as of the dates indicated:
($ in thousands)December 31,
2022		December 31,
2021
Fixed rate:
Outstanding balance (1)
$711,000 $411,000 
Interest rates ranging from0.64 %0.64 %
Interest rates ranging to3.70 %3.32 %
Weighted average interest rate2.97 %2.53 %
Variable rate:
Outstanding balance20,000 70,000 
Weighted average interest rate4.59 %0.20 %
(1)Excludes $3.7 million and $4.9 million of unamortized debt issuance costs at December 31, 2022 and 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)202220212020
Weighted-average interest rate at end of year3.02 %2.19 %2.15 %
Average interest rate during the year2.87 %2.82 %2.41 %
Average balance$528,590 $426,875 $749,195 
Maximum amount outstanding at any month-end$771,000 $641,000 $1,210,000 
Balance at end of year(1)
$731,000 $481,000 $546,000 
(1)Excludes $3.7 million, $4.9 million and $6.2 million of unamortized debt issuance costs at December 31, 2022, 2021 and 2020.
Schedule of Federal Home Loan Banks Fiscal Year Maturity
The following table presents contractual maturities by year of the FHLB advances as of December 31, 2022:
($ in thousands)20232024202520262027ThereafterTotal
Fixed rate$— $— $291,000 $20,000 $400,000 $— $711,000 
Variable rate20,000 — — — — — 20,000 
Total$20,000 $— $291,000 $20,000 $400,000 $— $731,000