Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.20.1
Borrowings (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowings

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

Outstanding

Balance

 

 

Weighted

Average Rate

 

 

Outstanding

Balance

 

 

Weighted

Average Rate

 

 

 

(dollars in thousands)

 

Overnight advances

 

$

150,000

 

 

 

0.21

%

 

$

15,000

 

 

 

1.66

%

Advances due with 12 months

 

 

50,000

 

 

 

1.66

%

 

 

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

 

 

50,000

 

 

 

1.63

%

 

 

25,000

 

 

 

1.72

%

Outstanding advances

 

$

300,000

 

 

 

0.92

%

 

$

90,000

 

 

 

1.70

%

 

Summary of Financial Data Pertaining to Federal Home Loan Bank Advances

The following is financial data pertaining to FHLB advances:

 

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

(dollars in thousands)

 

Weighted-average interest rate at end of period

 

 

0.92

%

 

 

1.70

%

Weighted-average interest rate during the period

 

 

1.52

%

 

 

1.89

%

Average balance of FHLB advances

 

$

130,659

 

 

$

40,374

 

Maximum amount outstanding at any month-end

 

$

300,000

 

 

$

285,000