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FHLB Advances and Other Borrowings | 12 Months Ended
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Sep. 30, 2020
Federal Home Loan Banks [Abstract] |
FHLB Advances and Other Borrowings | FHLB ADVANCES AND OTHER BORROWINGS The table below shows the contractual maturity dates of outstanding FHLB advances.
| September 30, 2020 | September 30, 2019
| (In thousands)
FHLB advances |  |
Within 1 year | $ | 1,830,000 |  | $ | 950,000 |
1 to 3 years | 520,000 |  | 750,000 |
3 to 5 years | 350,000 |  | 400,000 |
More than 5 years | — |  | 150,000 |
| $ | 2,700,000 |  | $ | 2,250,000 |
As of September 30, 2020, there is $100,000,000 of FHLB advances that are callable as of August 7, 2020 and quarterly thereafter. Financial information pertaining to the weighted-average cost and the amount of FHLB advances were as follows.
| 2020 | 2019 | 2018
| ($ in thousands)
Weighted average interest rate, including cash flow hedges, at end of year | 1.79 | % | 2.49 | % | 2.66 | %
Weighted daily average interest rate, including cash flow hedges, during the year | 2.03 | % | 2.69 | % | 2.62 | %
Daily average of FHLB advances during the year | $ | 2,532,596 |  | $ | 2,533,890 |  | $ | 2,384,795 |
Maximum amount of FHLB advances at any month end | $ | 3,050,000 |  | $ | 2,665,000 |  | $ | 2,620,000 |
Interest expense during the year (including swap interest income and expense) | $ | 51,445 |  | $ | 68,190 |  | $ | 62,452 |
The Bank has a credit line with the FHLB equal to 45% of total assets, subject to collateral requirements. The Bank has entered into borrowing agreements with the FHLB to borrow funds under a short-term floating rate cash management advance program and a fixed-rate term loan agreements. All borrowings are secured by stock of the FHLB, deposits with the FHLB and a blanket pledge of qualifying loans receivable as provided in the agreements with the FHLB.

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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