FEDERAL HOME LOAN BANK ADVANCES AND OTHER BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2020

Federal Home Loan Banks [Abstract]

Summary of Advances from the FHLB

The following table presents advances from the FHLB as of the dates indicated:

($ in thousands)	September 30, 2020				December 31, 2019
Fixed rate:
Outstanding balance	$	566,000		(1)	$	730,000
Interest rates ranging from	—		%	(2)	1.82		%
Interest rates ranging to	3.32		%		3.32		%
Weighted average interest rate	2.39		%		2.66		%
Variable rate:
Outstanding balance	$	—			$	465,000
Weighted average interest rate	—		%		1.66		%

(1)Excludes $6.5 million of unamortized debt issuance costs at September 30, 2020.    

(2)Includes $10.0 million in FHLB recovery advances with an interest rate of 0.00%, consisting of $5.0 million with a maturity date of November 27, 2020 and $5.0 million with a maturity date of May 27, 2021.