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OTHER BORROWINGS
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
OTHER BORROWINGS
NOTE 6 – OTHER BORROWINGS
 
Other borrowings consist of the following:
(dollars in thousands)March 31, 2020December 31, 2019
FHLB borrowings:  
Fixed Rate Advance due January 10, 2020; fixed interest rate of 1.68%
$—  $50,000  
Fixed Rate Advance due January 13, 2020; fixed interest rate of 1.68%
—  50,000  
Fixed Rate Advance due January 13, 2020; fixed interest rate of 1.67%
—  100,000  
Fixed Rate Advance due January 15, 2020; fixed interest rate of 1.71%
—  50,000  
Fixed Rate Advance due January 16, 2020; fixed interest rate of 1.69%
—  150,000  
Fixed Rate Advance due January 17, 2020; fixed interest rate of 1.70%
—  100,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  50,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  200,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.70%
—  25,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  75,000  
Fixed Rate Advance due January 21, 2020; fixed interest rate of 1.71%
—  25,000  
Fixed Rate Advance due January 23, 2020; fixed interest rate of 1.71%
—  100,000  
Fixed Rate Advance due January 27, 2020; fixed interest rate of 1.73%
—  50,000  
Fixed Rate Advance due February 18, 2020; fixed interest rate of 1.72%
—  100,000  
Fixed Rate Advance due April 13, 2020; fixed interest rate of 1.68%
100,000  —  
Fixed Rate Advance due April 13, 2020; fixed interest rate of 0.72%
50,000  —  
Fixed Rate Advance due April 16, 2020; fixed interest rate of 0.65%
250,000  —  
Fixed Rate Advance due April 17, 2020; fixed interest rate of 1.70%
150,000  —  
Fixed Rate Advance due April 20, 2020; fixed interest rate of 0.35%
25,000  —  
Fixed Rate Advance due April 27, 2020; fixed interest rate of 0.18%
50,000  —  
Fixed Rate Advance due May 21, 2020; fixed interest rate of 1.70%
100,000  —  
Fixed Rate Advance due May 26, 2020; fixed interest rate of 0.324%
50,000  —  
Fixed Rate Advance due June 11, 2020; fixed interest rate of 1.71%
100,000  —  
Fixed Rate Advance due June 19, 2020; fixed interest rate of 0.35%
100,000  —  
Fixed Rate Advance due June 23, 2020; fixed interest rate of 0.36%
100,000  —  
Fixed Rate Advance due June 29, 2020; fixed interest rate of 0.18%
50,000  —  
Fixed Rate Advance due July 23, 2020; fixed interest rate of 0.38%
100,000  —  
Fixed Rate Advance due March 3, 2025; fixed interest rate of 1.208%
15,000  —  
Fixed Rate Advance due March 2, 2027; fixed interest rate of 1.445%
15,000  —  
Fixed Rate Advance due March 4, 2030; fixed interest rate of 1.606%
15,000  —  
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
1,420  1,422  
Fixed Rate Advance due December 9, 2030; fixed interest rate of 4.55%
983  985  
Principal Reducing Advance due September 29, 2031; fixed interest rate of 3.095%
1,675  1,712  
Subordinated notes payable:  
Subordinated notes payable due March 15, 2027 net of unamortized debt issuance cost of $911 and $943, respectively; fixed interest rate of 5.75% through March 14, 2022; variable interest rate thereafter at three-month LIBOR plus 3.616%
74,089  74,057  
Subordinated notes payable due December 15, 2029 net of unamortized debt issuance cost of $2,347 and $2,408, respectively; fixed interest rate of 4.25% through December 14, 2024; variable interest rate thereafter at three-month SOFR plus 2.94%
117,653  117,592  
Subordinated notes payable due May 31, 2030 net of unaccreted purchase accounting fair value adjustment of $(1,252) and $(1,596), respectively; fixed interest rate of 5.875% through May 31, 2025; variable interest rate thereafter at three-month LIBOR plus 3.63%
76,252  76,595  
Other debt:  
Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%
1,299  1,346  
Total$1,543,371  $1,398,709  
 
The advances from the FHLB are collateralized by a blanket lien on all eligible first mortgage loans and other specific loans in addition to FHLB stock. At March 31, 2020, $1.64 billion was available for borrowing on lines with the FHLB.
 
As of March 31, 2020, the Bank maintained credit arrangements with various financial institutions to purchase federal funds up to $157.0 million.
 
The Bank also participates in the Federal Reserve discount window borrowings program. At March 31, 2020, the Company had $2.31 billion of loans pledged at the Federal Reserve discount window and had $1.47 billion available for borrowing.