BORROWING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2020

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


	December 31, 2020			December 31, 2019
Other borrowings:
Balance at end of period	$	23,172		$	28,358
Average amount outstanding during the period (1)	91,940			15,645
Maximum amount outstanding during the period (2)	219,259			28,358
Weighted average interest rate during the period (3)	0.4		%	1.7		%
Interest rate at end of period (4)	0.1		%	1.7		%

FHLB borrowings:
Balance at end of period	$	832,527		$	972,744
Average amount outstanding during the period (1)	1,032,269			868,859
Maximum amount outstanding during the period (2)	1,274,370			1,077,883
Weighted average interest rate during the period (3)	1.1		%	2.0		%
Interest rate at end of period (4)	1.0		%	1.8		%

(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 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 December 31, 2020 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	$	23,172	$	—	$	—	$	—	$	—	$	—	$	23,172
FHLB borrowings	828,489		680		710		740		772		1,136		832,527
Total obligations	$	851,661	$	680	$	710	$	740	$	772	$	1,136	$	855,699