Time Deposits and Borrowings

6 Months Ended

Jun. 30, 2020

The scheduled maturities, excluding interest, of the Company’s borrowings at June 30, 2020 were as follows:


	June 30, 2020
	Within One Year		One to Two Years		Two to Three Years		Three to Four Years		Four to Five Years		After Five Years		Total
	(Dollars in thousands)
Time deposits	$	932,443	$	97,992	$	93,074	$	36,085	$	781	$	166	$	1,160,541
Fed funds purchased & repurchase agreements	49,881		—		—		—		—		—		49,881
FHLB borrowings	163,000		21,500		46,017		—		5,100		215,000		450,617

Trust preferred securities⁽¹⁾	—		—		—		—		—		942		942
	$	1,145,324	$	119,492	$	139,091	$	36,085	$	5,881	$	216,108	$	1,661,981

(1) The contract value of the trust preferred securities is $2.6 million and is currently being accreted to the maturity date of 2035.