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FHLB Advances, Other Borrowings and Junior Subordinated Notes Payable (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
The composition of borrowed funds is shown below. Average balances represent year to date averages.
 
 
September 30, 2019
 
December 31, 2018
 
 
Balance
 
Weighted Average
Balance
 
Weighted
Average Rate
 
Balance
 
Weighted Average
Balance
 
Weighted
Average Rate
 
 
(Dollars in Thousands)
Federal funds purchased
 
$

 
$
49

 
2.70
%
 
$

 
$
119

 
2.43
%
FHLB advances
 
308,500

 
280,539

 
2.20

 
274,500

 
274,382

 
2.06

Line of credit
 

 

 

 

 
3

 
4.47

Other borrowings
 
675

 
675

 
8.09

 
675

 
675

 
7.94

Subordinated notes payable(1)
 
23,722

 
24,772

 
7.93

 
23,769

 
23,739

 
6.64

Junior subordinated notes
 
10,044

 
10,038

 
11.05

 
10,033

 
10,025

 
11.10

 
 
$
342,941

 
$
316,073

 
2.95

 
$
308,977

 
$
308,943

 
2.72

 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings
 
$
119,000

 
 
 
 
 
$
136,500

 
 
 
 
Long-term borrowings
 
223,941

 
 
 
 
 
172,477

 
 
 
 
 
 
$
342,941

 
 
 
 
 
$
308,977