Borrowings and Borrowing Capacity (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Customer Repurchase Agreements

Information concerning customer repurchase agreements is summarized as follows for the nine months ended September 30, 2020 and the year ended December 31, 2019:

(Dollars in thousands)	September 30, 2020			December 31, 2019
Amount outstanding at end of period	$	14,192		$	2,033
Weighted average interest rate at end of period	0.03		%	0.03		%
Average daily balance during the period	$	6,520		$	7,823
Weighted average interest rate during the period	0.03		%	0.02		%
Maximum month-end balance during the period	$	14,192		$	14,463

Schedule of FHLB Advances and Weighted Average Interest Rates by Contractual Maturity

FHLB advances are collateralized by assets, including a blanket pledge of certain loans. FHLB advances and weighted average interest rates at end of period by contractual maturity are summarized as follows:

	Fixed Rate				Variable Rate
(Dollars in thousands)	Balance Outstanding		Weighted Average Interest Rate		Balance Outstanding		Weighted Average Interest Rate
2020	$	405,000	0.13	%	$	—	—
2027	—		—		30,000		0.33	%
	$	405,000	0.13	%	30,000		0.33	%

Schedule of Information Concerning FHLB Advances

Information concerning FHLB advances is summarized as follows for the nine months ended September 30, 2020 and the year ended December 31, 2019:

(Dollars in thousands)	September 30, 2020			December 31, 2019
Amount outstanding at end of period	$	435,000		$	430,000
Weighted average interest rate at end of period	0.15		%	1.58		%
Average amount outstanding during the period	430,250			369,548
Weighted average interest rate during the period	0.61		%	2.32		%
Highest month end balance during the period	850,000			530,000

Schedule of FHLB Advances

The Company’s unused borrowing capacity with the FHLB is as follows:

(Dollars in thousands)	September 30, 2020		December 31, 2019
Borrowing capacity	$	1,323,927	$	1,300,985
Borrowings outstanding	435,000		430,000
Unused borrowing capacity	$	888,927	$	870,985

Summary of Information Concerning Borrowings under PPPLF

Information concerning borrowings under the PPPLF is summarized as follows for the nine months ended September 30, 2020:

(Dollars in thousands)	September 30, 2020
Amount outstanding at end of period	$	223,713
Weighted average interest rate at end of period	0.35		%
Average amount outstanding during the period	119,236
Weighted average interest rate during the period	0.35		%
Highest month end balance during the period	223,809

Summary of Scheduled Maturities of PPPLF Borrowings

At September 30, 2020, scheduled maturities of PPPLF borrowings are as follows:

(Dollars in thousands)	September 30, 2020
Within one year	$	—
After one but within two years	223,713
Total	$	223,713

Summary of Junior Subordinated Debentures

The following provides a summary of the Company’s junior subordinated debentures as of September 30, 2020:

(Dollars in thousands)	Face Value		Carrying Value		Maturity Date	Interest Rate
National Bancshares Capital Trust II	$	15,464	$	13,187	September 2033	LIBOR + 3.00%
National Bancshares Capital Trust III	17,526		12,924		July 2036	LIBOR + 1.64%
ColoEast Capital Trust I	5,155		3,594		September 2035	LIBOR + 1.60%
ColoEast Capital Trust II	6,700		4,684		March 2037	LIBOR + 1.79%
Valley Bancorp Statutory Trust I	3,093		2,876		September 2032	LIBOR + 3.40%
Valley Bancorp Statutory Trust II	3,093		2,679		July 2034	LIBOR + 2.75%
	$	51,031	$	39,944