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

September 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

$

41,672

 

1.69

%  

$

303,286

 

1.83

%

Other borrowings

 

30,048

 

0.60

 

44,832

 

0.99

Total short-term borrowings

 

71,720

 

1.20

 

348,118

 

1.73

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

182,609

 

1.73

 

123,278

 

1.93

Advances from the FRB PPPLF

131,143

0.35

Subordinated borrowings

 

59,920

 

4.48

 

59,920

 

5.53

Total long-term borrowings

 

373,672

 

1.69

 

183,198

 

2.87

Total

$

445,392

 

1.60

%  

$

531,316

 

2.11

%

Summary of Maturities of FHLB Advances

September 30, 2020

 

    

    

Weighted Average

 

(in thousands, except rates)

Carrying Value

 Rate

 

Fixed rate advances maturing:

 

  

 

  

2020

$

1,000

 

1.65

%

2021

 

40,672

 

1.69

2022

 

75,000

 

1.87

2023

 

80,000

 

1.77

2024

 

7,300

 

1.16

2025 and thereafter

 

20,309

 

1.25

Total FHLB advances

$

224,281

 

1.72

%