Quarterly report pursuant to Section 13 or 15(d)

Borrowings and Subordinated Debentures (Tables)

v3.21.2
Borrowings and Subordinated Debentures (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

September 30, 2021

 

 

December 31, 2020

 

 

 

Outstanding

Balance

 

 

Weighted

Average Rate

 

 

Outstanding

Balance

 

 

Weighted

Average Rate

 

 

 

(dollars in thousands)

 

Overnight advances

 

$

—

 

 

 

0.00

%

 

$

—

 

 

 

0.00

%

Advances due within 12 months

 

 

50,000

 

 

 

1.62

%

 

 

50,000

 

 

 

1.61

%

Advances due over 12 months through 24 months

 

 

50,000

 

 

 

0.97

%

 

 

50,000

 

 

 

1.62

%

Advances due over 24 months through 36 months

 

 

37,500

 

 

 

0.40

%

 

 

50,000

 

 

 

0.97

%

Outstanding advances

 

$

137,500

 

 

 

1.05

%

 

$

150,000

 

 

 

1.40

%

 
Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of period

 

 

1.05

%

 

 

1.40

%

Weighted-average interest rate during the period

 

 

1.20

%

 

 

1.42

%

Average balance of FHLB advances

 

$

147,897

 

 

$

156,601

 

Maximum amount outstanding at any month-end

 

$

150,000

 

 

$

300,000