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Other Borrowed Funds

3 Months Ended

Mar. 31, 2020

Other Borrowed Funds [Abstract]

Other Borrowed Funds

Note 12 - Other Borrowed Funds

Other Borrowings of $140.9 million at March 31, 2020 are composed of advances from the FHLB. The Company utilizes the FHLB advance programs to fund loan growth and provide liquidity. Other borrowings increased $16.1 million from $124.8 million at December 31, 2019.

(Dollars in thousands)	March 31, 2020				December 31, 2019
FHLB borrowings	$	140,900			$	124,800
Weighted average interest rate		1.43	%			1.92	%

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Other borrowed funds abstract.

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No definition available.

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- Definition

The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.13(a))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

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