The Company’s borrowings and weighted average interest rates are summarized below:

	September 30, 2020					December 31, 2019
	Amount			Rate		Amount			Rate
	(dollars in thousands)
Total FHLB borrowings	$	506,225		1.09	%	$	500,293		1.96	%

By remaining period to maturity:
Less than 1 year	$	352,758		0.82	%	$	400,000		1.84	%
1 year through less than 2 years		93,277		1.52	%		62,000		2.26	%
2 years through less than 3 years		57,391		1.93	%		10,737		2.45	%
3 years through less than 4 years		-		-			25,000		2.92	%
4 years through 5 years		-		-			-		-
After 5 years		2,839		2.42	%		2,882		2.43	%
Total FHLB borrowings		506,265		1.09	%		500,619		1.96	%
Fair value premium (discount)		(40	)				(326	)
Total borrowings	$	506,225				$	500,293

The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans.

Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances are fixed rates. The advances as of September 30, 2020 were primarily collateralized by approximately $2.0 billion of commercial mortgage loans, net of required over collateralization amounts, under a blanket lien arrangement. As of September 30, 2020 the Company had remaining borrowing capacity of approximately $1.1 billion at FHLB.