Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.20.2
Borrowings (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

Outstanding

Balance

 

 

Weighted

Average Rate

 

 

Outstanding

Balance

 

 

Weighted

Average Rate

 

 

 

(dollars in thousands)

 

Overnight advances

 

$

—

 

 

 

0.00

%

 

$

15,000

 

 

 

1.66

%

Advances due within 12 months

 

 

25,000

 

 

 

1.56

%

 

 

25,000

 

 

 

1.75

%

Advances due over 12 months through 24 months

 

 

50,000

 

 

 

1.59

%

 

 

25,000

 

 

 

1.66

%

Advances due over 24 months through 36 months

 

 

75,000

 

 

 

1.22

%

 

 

25,000

 

 

 

1.72

%

Outstanding advances

 

$

150,000

 

 

 

1.40

%

 

$

90,000

 

 

 

1.70

%

 
Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of period

 

 

1.40

%

 

 

1.70

%

Weighted-average interest rate during the period

 

 

1.42

%

 

 

1.89

%

Average balance of FHLB advances

 

$

158,818

 

 

$

40,374

 

Maximum amount outstanding at any month-end

 

$

440,000

 

 

$

285,000