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

December 31, 2020

December 31, 2019

 

Weighted

Weighted

(dollars in thousands)

    

Carrying Value

    

Average Rate

Carrying Value

    

Average Rate

 

Short-term borrowings

  

  

  

  

 

Advances from the FHLB

$

65,676

 

1.19

%  

$

303,286

 

1.83

%

Other borrowings

 

27,779

 

0.15

 

44,832

 

0.99

Total short-term borrowings

 

93,455

 

0.44

 

348,118

 

1.73

Long-term borrowings

 

  

 

  

 

  

 

  

Advances from the FHLB

 

182,607

 

1.73

 

123,278

 

1.93

Subordinated borrowings

 

59,961

 

4.34

 

59,920

 

5.53

Total long-term borrowings

 

242,568

 

2.37

 

183,198

 

2.87

Total

$

336,023

 

1.41

%  

$

531,316

 

2.11

%

Summary of Maturities of FHLB Advances

December 31, 2020

 

    

    

Weighted Average

 

(in thousands, except rates)

Amount

 Rate

 

2021

$

65,676

 

1.19

%

2022

 

75,000

 

1.87

2023

 

80,000

 

1.77

2024

 

7,300

 

1.16

2025

 

20,000

 

1.21

2026 and thereafter

 

307

 

4.12

Total FHLB advances

$

248,283

 

1.59

%