Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2019

Information related to borrowings is provided in the table below (dollars in thousands):



	September 30, 2019			December 31, 2018
Other borrowings:
Balance at end of period	$	9,626		$	36,810
Average amount outstanding during the period⁽¹⁾	14,894			10,880
Maximum amount outstanding during the period⁽²⁾	28,354			36,810
Weighted average interest rate during the period⁽³⁾	1.7		%	1.4		%
Interest rate at end of period ⁽⁴⁾	1.4		%	2.1		%

Federal Home Loan Bank borrowings:
Balance at end of period	$	978,951		$	719,065
Average amount outstanding during the period ⁽¹⁾	817,978			720,785
Maximum amount outstanding during the period ⁽²⁾	1,004,997			957,231
Weighted average interest rate during the period ⁽³⁾	2.1		%	1.8		%
Interest rate at end of period ⁽⁴⁾	2.2		%	2.3		%


(1)	The average amount outstanding during the period was computed by dividing the total daily outstanding principal balances by the number of days in the period.


(2)	The maximum amount outstanding at any month-end during the period.


(3)	The weighted average interest rate during the period was computed by dividing the actual interest expense (annualized for interim periods) by the average amount outstanding during the period. The weighted average interest rate on the FHLB borrowings includes the effect of interest rate swaps.


(4)	Stated rate.

Schedule of Maturities of Borrowings

Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at September 30, 2019 are as follows (in thousands):



	Payments Due by Period
	Less than 1 Year		1-2 Years		2-3 Years		3-4 Years		4-5 Years		Thereafter		Total
Other borrowings	$	9,626	$	—	$	—	$	—	$	—	$	—	$	9,626
Federal Home Loan Bank borrowings	962,165		11,319		—		—		—		5,467		978,951
Total obligations	$	971,791	$	11,319	$	—	$	—	$	—	$	5,467	$	988,577