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BORROWED FUNDS (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds

June 30, 2020

December 31, 2019

 

Weighted

Weighted

(dollars in thousands)

    

Carrying Value

    

Average Rate

    

Carrying Value

    

Average Rate

 

Short-term borrowings

  

  

  

  

 

Advances from the FHLB

$

194,169

 

0.84

%  

$

303,286

 

1.83

%

Other borrowings

 

33,846

 

0.68

 

44,832

 

0.99

Total short-term borrowings

 

228,015

 

0.75

 

348,118

 

1.73

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

187,612

 

1.73

 

123,278

 

1.93

Advances from the FRB PPPLF

131,236

0.34

Subordinated borrowings

 

59,879

 

4.54

 

59,920

 

5.53

Total long-term borrowings

 

378,727

 

2.58

 

183,198

 

2.87

Total

$

606,742

 

1.66

%  

$

531,316

 

2.11

%

Summary of Maturities of FHLB Advances

June 30, 2020

 

    

    

Weighted Average

 

(in thousands, except rates)

Carrying Value

 Rate

 

Fixed rate advances maturing:

 

  

 

  

2020

$

158,500

 

0.65

%

2021

 

40,669

 

1.67

2022

 

75,000

 

1.87

2023

 

80,000

 

1.77

2024

 

7,300

 

1.16

2025 and thereafter

 

20,312

 

1.23

Total FHLB advances

$

381,781

 

1.27

%