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Commitments and Contingencies - (Tables)
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Schedule of borrowings and contractual obligations
At June 30, 2020 and December 31, 2019, our borrowings and contractual obligations consisted of the following:
(Dollars in thousands)June 30, 2020December 31, 2019
FHLB advances—short-term$70,000  $30,000  
Other borrowings—short-term(1)
3,962  —  
Total$73,962  $30,000  
(1) Other borrowings are from the Federal Reserve's Paycheck Protection Program Liquidity Facility ("PPPLF") that extends credit to eligible financial institutions that originate PPP loans.
Schedule of FHLB borrowings
The table below sets forth the amounts of, the interest rates we pay on, and the maturity dates of these FHLB borrowings. These borrowings had a weighted-average annualized interest rate of 0.63% for the six months ended June 30, 2020.
Principal AmountsInterest RateMaturity Dates
(Dollars in thousands)
50,000  0.22 %September 30, 2020
10,000  1.71 %December 30, 2020
10,000  1.62 %January 25, 2021