XML 42 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
OTHER BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Other Borrowings
Other borrowings consist of the following:
(dollars in thousands)
September 30,
2018
 
December 31,
2017
FHLB borrowings:
 

 
 

Daily Rate Credit with a variable interest rate (1.59% at December 31, 2017)
$

 
$
25,000

Fixed Rate Advance due October 10, 2018; fixed interest rate of 2.13%
250,000

 

Fixed Rate Advance due October 17, 2018; fixed interest rate of 2.17%
250,000

 

Fixed Rate Hybrid Advance due November 6, 2018; fixed interest rate of 2.727%
5,000

 

Convertible Flipper Advance due May 22, 2019; current interest rate of 4.68%
1,500

 

Principal Reducing Advance due June 20, 2019; fixed interest rate of 1.274%
750

 

Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
1,300

 

Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
900

 

Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095%
1,885

 

Fixed Rate Advance due January 8, 2018; fixed interest rate of 1.39%

 
150,000

Subordinated notes payable:
 

 
 

Subordinated notes payable due March 15, 2027 net of unamortized debt issuance cost of $1,107 and $1,205, respectively; fixed interest rate of 5.75% through March 14, 2022; variable interest rate thereafter at three-month LIBOR plus 3.616%
73,893

 
73,795

Other debt:
 

 
 

Advance from correspondent bank due October 5, 2019; secured by a loan receivable; fixed interest rate of 4.25%
28

 
49

Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%
1,575

 
1,710

Advances under revolving credit agreement with a regional bank due September 26, 2020; secured by subsidiary bank stock; variable interest rate at 90-day LIBOR plus 3.50% (5.82% at September 30, 2018)
70,000

 

Total
$
656,831

 
$
250,554