Federal Home Loan Bank Advances

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Borrowings

Federal Home Loan Bank Advances

Advances payable to the FHLB amounted to $1.1 billion and $950.7 million, respectively, at June 30, 2019 and December 31, 2018.

The following table presents maturities and weighted average interest rates on FHLB advances outstanding as of June 30, 2019:

(Dollars in thousands)	Scheduled Maturity		Weighted Average Rate
July 1, 2019 to December 31, 2019		$534,996	2.58	%
2020	369,533		2.39
2021	86,222		2.73
2022	55,447		3.65
2023	9,428		4.01
2024 and thereafter	5,334		5.06
Balance at June 30, 2019		$1,060,960	2.60	%

As of June 30, 2019 and December 31, 2018, the Bank had access to a $40.0 million unused line of credit with the FHLB and also had remaining available borrowing capacity of $535.3 million and $628.5 million, respectively. The Bank pledges certain qualified investment securities and loans as collateral to the FHLB.