Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2022

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


	September 30, 2022			December 31, 2021
Other borrowings:
Balance at end of period	$	74,721		$	23,219
Average amount outstanding during the period (1)	62,814			22,257
Maximum amount outstanding during the period (2)	248,592			24,549
Weighted average interest rate during the period (3)	1.7		%	0.2		%
Interest rate at end of period (4)	2.1		%	0.2		%

FHLB borrowings:
Balance at end of period	$	243,531		$	344,038
Average amount outstanding during the period (1)	117,724			665,384
Maximum amount outstanding during the period (2)	423,645			723,584
Weighted average interest rate during the period (3)	1.9		%	1.1		%
Interest rate at end of period (5)	3.1		%	1.3		%

(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.

(5)As of December 31, 2021, 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, 2022 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	$	72,021	$	2,700	$	—	$	—	$	—	$	—	$	74,721
FHLB borrowings	240,702		733		764		582		401		349		243,531
Total obligations	$	312,723	$	3,433	$	764	$	582	$	401	$	349	$	318,252