Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2021

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


	September 30, 2021			December 31, 2020
Other borrowings:
Balance at end of period	$	20,724		$	23,172
Average amount outstanding during the period (1)	22,387			91,940
Maximum amount outstanding during the period (2)	24,549			219,259
Weighted average interest rate during the period (3)	0.2		%	0.4		%
Interest rate at end of period (4)	0.2		%	0.1		%

FHLB borrowings:
Balance at end of period	$	659,204		$	832,527
Average amount outstanding during the period (1)	684,280			1,032,269
Maximum amount outstanding during the period (2)	723,584			1,274,370
Weighted average interest rate during the period (3)	1.1		%	1.1		%
Interest rate at end of period (5)	1.1		%	1.0		%

(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.

(5)The interest rate on the FHLB borrowings includes the effect of interest rate swaps.

Schedule of Maturities of Borrowings

Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at September 30, 2021 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	$	20,724	$	—	$	—	$	—	$	—	$	—	$	20,724
FHLB borrowings	655,673		702		733		764		582		750		659,204
Total obligations	$	676,397	$	702	$	733	$	764	$	582	$	750	$	679,928