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Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Borrowings | The following tables present information regarding the Company’s outstanding borrowings at March, 31, 2020 and December 31, 2019 - dollars are in thousands:
Description |  | Due date |  | Call Feature |  | March 31, 2020 |  | Interest Rate
FHLB Term Note |  | 4/6/2020 |  | None |  | $ | 50,000 |  |  | 1.01% fixed
FHLB Term Note |  | 5/6/2020 |  | None |  | 50,000 |  |  | 0.88% fixed
FHLB Term Note |  | 5/29/2020 |  | None |  | 40,000 |  |  | 1.62% fixed
FHLB Term Note |  | 6/8/2020 |  | None |  | 50,000 |  |  | 0.71% fixed
FHLB Term Note |  | 6/18/2020 |  | None |  | 50,000 |  |  | 0.41% fixed
FHLB Term Note |  | 9/4/2020 |  | None |  | 50,000 |  |  | 0.64% fixed
FHLB Term Note |  | 9/18/2020 |  | None |  | 50,000 |  |  | 0.50% fixed
FHLB Principal Reducing Credit |  | 7/24/2023 |  | None |  | 158 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 12/22/2023 |  | None |  | 1,020 |  |  | 1.25% fixed
FHLB Principal Reducing Credit |  | 1/15/2026 |  | None |  | 6,000 |  |  | 1.98% fixed
FHLB Principal Reducing Credit |  | 6/26/2028 |  | None |  | 242 |  |  | 0.25% fixed
FHLB Principal Reducing Credit |  | 7/17/2028 |  | None |  | 54 |  |  | 0.00% fixed
FHLB Principal Reducing Credit |  | 8/18/2028 |  | None |  | 179 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 8/22/2028 |  | None |  | 179 |  |  | 1.00% fixed
FHLB Principal Reducing Credit |  | 12/20/2028 |  | None |  | 364 |  |  | 0.50% fixed
Trust Preferred Securities |  | 1/23/2034 |  | Quarterly by Company beginning 1/23/2009 |  | 20,620 |  |  | 4.47% at 3/31/2020 adjustable rate 3 month LIBOR + 2.70%
Trust Preferred Securities |  | 6/15/2036 |  | Quarterly by Company beginning 6/15/2011 |  | 25,774 |  |  | 2.13% at 3/31/2020 adjustable rate 3 month LIBOR + 1.39%
Trust Preferred Securities |  | 1/7/2035 |  | Quarterly by Company beginning 1/7/2010 |  | 10,310 |  |  | 3.28% at 3/31/2020 adjustable rate 3 month LIBOR + 2.00%
Total borrowings/ weighted average rate as of |  | March 31, 2020 |  | $ | 404,900 |  |  | 1.16%
Unamortized discount on acquired borrowings |  |  |  | (2,715 | ) |  |
Total borrowings |  |  |  |  |  | $ | 402,185 |  |  |
Description |  | Due date |  | Call Feature |  | December 31, 2019 |  | 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 |  |  |

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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. + References No definition available. + Details
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