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BORROWED FUNDS (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at September 30, 2019 and December 31, 2018 are summarized, as follows:
 
 
September 30, 2019
 
December 31, 2018
(dollars in thousands)
 
Carrying Value
 
Weighted Average Rate
 
Carrying Value
 
Weighted Average Rate
Short-term borrowings
 
 

 
 

 
 

 
 

Advances from the FHLB
 
$
422,583

 
2.24
%
 
$
611,683

 
2.47
%
Other borrowings
 
41,259

 
1.24

 
36,211

 
1.09

Total short-term borrowings
 
463,842

 
2.15

 
647,894

 
2.39

Long-term borrowings
 
 
 
 
 
 
 
 
Advances from the FHLB
 
177,977

 
2.25

 
32,929

 
1.86

Subordinated borrowings
 
37,928

 
5.69

 
37,973

 
5.58

Junior subordinated borrowings
 
5,000

 
6.15

 
5,000

 
5.96

Total long-term borrowings
 
220,905

 
2.93

 
75,902

 
3.99

Total
 
$
684,747

 
2.40
%
 
$
723,796

 
2.56
%
Summary of Maturities of FHLB Advances
A summary of maturities of FHLB advances as of September 30, 2019 is, as follows:
 
 
September 30, 2019
(in thousands, except rates)
 
Carrying Value
 
Weighted Average Rate
Fixed rate advances maturing:
 
 

 
 

2019
 
$
393,601

 
2.27
%
2020
 
54,982

 
2.14

2021
 
11,658

 
2.19

2022
 
134,000

 
2.25

2023
 
1,000

 

2024 and thereafter
 
5,319

 
1.79

Total FHLB advances
 
$
600,560

 
2.24
%