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BORROWED FUNDS (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds

March 31, 2020

December 31, 2019

 

(dollars in thousands)

    

Carrying Value

    

Weighted Average Rate

    

Carrying Value

    

Weighted Average Rate

 

Short-term borrowings

  

  

  

  

 

Advances from the FHLB

$

172,643

 

1.27

%  

$

303,286

 

1.83

%

Advances from the FRB

62,000

0.25

Other borrowings

 

31,001

 

1.21

 

44,832

 

0.99

Total short-term borrowings

 

265,644

 

1.03

 

348,118

 

1.73

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

231,936

 

1.80

 

123,278

 

1.93

Subordinated borrowings

 

59,849

 

4.97

 

59,920

 

5.53

Total long-term borrowings

 

291,785

 

2.45

 

183,198

 

2.87

Total

$

557,429

 

1.77

%  

$

531,316

 

2.11

%

Summary of Maturities of FHLB Advances

March 31, 2020

 

    

    

Weighted Average

 

(in thousands, except rates)

Carrying Value

 Rate

 

Fixed rate advances maturing:

 

  

 

  

2020

$

142,300

 

1.19

%

2021

 

50,665

 

1.77

2022

 

104,000

 

1.97

2023

 

80,000

 

1.77

2024

 

7,300

 

1.16

2025 and thereafter

 

20,314

 

1.22

Total FHLB advances

$

404,579

 

1.58

%