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OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
OTHER BORROWINGS
Other borrowings consist of the following:
 
December 31,
(dollars in thousands)
2018
 
2017
Federal Home Loan Bank ("FHLB") borrowings:
 
 
 
Daily Rate Credit with a variable interest rate (1.59% at December 31, 2017)
$

 
$
25,000

Convertible Flipper Advance due May 22, 2019; current interest rate of 4.68%
1,514

 

Principal Reducing Advance due June 20, 2019; fixed interest rate of 1.274%
500

 

Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
1,434

 

Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
993

 

Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095%
1,858

 

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 $1,074 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%
73,926

 
73,795

Other debt:
 
 
 
Advance from correspondent bank due October 5, 2019; fixed interest rate of 4.25%
20

 
49

Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%
1,529

 
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% (6.24% at December 31, 2018)
70,000

 

 
$
151,774

 
$
250,554