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Borrowings and Borrowings Availability (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of debt

The following tables present information regarding the Company’s outstanding borrowings at December 31, 2019 and 2018 - dollars are in thousands:

Description – 2019		Due date		Call Feature		2019 Amount				Interest Rate
FHLB Term Note		1/30/2020		None		$	100,000			1.70% fixed
FHLB Term Note		1/31/2020		None		68,000				1.70% fixed
FHLB Term Note		1/31/2020		None		30,000				1.70% fixed
FHLB Term Note		5/29/2020		None		40,000				1.62% fixed
FHLB Principal Reducing Credit		7/24/2023		None		168				1.00% fixed
FHLB Principal Reducing Credit		12/22/2023		None		1,029				1.25% fixed
FHLB Principal Reducing Credit		1/15/2026		None		6,500				1.98% fixed
FHLB Principal Reducing Credit		6/26/2028		None		245				0.25% fixed
FHLB Principal Reducing Credit		7/17/2028		None		55				0.00% fixed
FHLB Principal Reducing Credit		8/18/2028		None		181				1.00% fixed
FHLB Principal Reducing Credit		8/22/2028		None		181				1.00% fixed
FHLB Principal Reducing Credit		12/20/2028		None		367				0.50% fixed
Trust Preferred Securities		1/23/2034		Quarterly by Company beginning 1/23/2009		20,620				4.64% at 12/31/2019 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities		6/15/2036		Quarterly by Company beginning 6/15/2011		25,774				3.28% at 12/31/2019 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities		1/7/2035		Quarterly by Company beginning 1/7/2010		10,310				3.99% at 12/31/2019 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2019						$	303,430			2.12%
Unamortized discount on acquired borrowings						(2,759		)
Total borrowings						$	300,671

Description – 2018		Due date		Call Feature		2018 Amount				Interest Rate
FHLB Term Note		1/10/2019		None		$	68,000			2.47% fixed
FHLB Term Note		1/17/2019		None		135,000				2.49% fixed
FHLB Term Note		1/24/2019		None		20,000				2.54% fixed
FHLB Term Note		1/31/2019		None		20,000				2.53% fixed
FHLB Term Note		1/31/2019		None		10,000				2.53% fixed
FHLB Term Note		4/18/2019		None		50,000				2.36% fixed
FHLB Term Note		5/29/2020		None		40,000				1.62% fixed
FHLB Principal Reducing Credit		7/24/2023		None		210				1.00% fixed
FHLB Principal Reducing Credit		12/22/2023		None		1,065				1.25% fixed
FHLB Principal Reducing Credit		1/15/2026		None		7,500				1.98% fixed
FHLB Principal Reducing Credit		6/26/2028		None		255				0.25% fixed
FHLB Principal Reducing Credit		7/17/2028		None		61				0.00% fixed
FHLB Principal Reducing Credit		8/18/2028		None		188				1.00% fixed
FHLB Principal Reducing Credit		8/22/2028		None		188				1.00% fixed
FHLB Principal Reducing Credit		12/20/2028		None		379				0.50% fixed
Trust Preferred Securities		1/23/2034		Quarterly by Company beginning 1/23/2009		20,620				5.22% at 12/31/2018 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities		6/15/2036		Quarterly by Company beginning 6/15/2011		25,774				4.18% at 12/31/2018 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities		1/7/2035		Quarterly by Company beginning 1/7/2010		10,310				4.44% at 12/31/2018 adjustable rate 3 month LIBOR + 2.00%
Total borrowings / weighted average rate as of December 31, 2018						$	409,550			2.68%
Unamortized discount on acquired borrowings						(2,941		)
Total borrowings						$	406,609

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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