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Borrowings and Line of Credit | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Borrowings and Line of Credit | Note 7. Borrowings and Line of Credit Borrowings: At June 30, 2020, total borrowings were $318.9 million compared to $31.6 million at December 31, 2020. The $287.3 million increase was primarily due to borrowings from the Federal Reserve Bank Payroll Protection Program Liquidity Facility (“PPPLF”) of $237.8 million in the second quarter of 2020 and an increase in Federal Home Loan Bank (“FHLB”) borrowings of $50.0 million. Borrowings consist of the following (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ | ​ | 2020 | ​ | 2019
Securities sold under customer repurchase agreements |  | $ | 5,659 | ​ | $ | 6,184
FHLB borrowings | ​ | ​ | 75,000 | ​ | ​ | 25,000
PPPLF borrowings | ​ | ​ | 237,778 | ​ | ​ | —
Other borrowings | ​ | ​ | 418 | ​ | ​ | 439
Total |  | $ | 318,855 | ​ | $ | 31,623
​ Line of Credit: The Company has a Loan and Security Agreement and revolving note with ServisFirst Bank, pursuant to which ServisFirst Bank has made a $25.0 million revolving line of credit available to the Company. The maturity of the line of credit is September 24, 2021. At June 30, 2020, there was no outstanding balance under the line of credit, and the entire amount of the line of credit remained available to the Company. ​

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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