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BORROWED FUNDS (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds

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March 31, 2020

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December 31, 2019

 

(dollars in thousands)

    

Carrying Value

    

Weighted Average Rate

    

Carrying Value

    

Weighted Average Rate

 

Short-term borrowings

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​

​

  

​

  

​

​

  

 

Advances from the FHLB

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$

172,643

 

1.27

%  

$

303,286

 

1.83

%

Advances from the FRB

​

​

62,000

​

0.25

​

​

—

​

—

​

Other borrowings

​

 

31,001

 

1.21

​

 

44,832

 

0.99

​

Total short-term borrowings

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265,644

 

1.03

​

 

348,118

 

1.73

​

Long-term borrowings

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​

 

  

 

  

​

Advances from the FHLB

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231,936

 

1.80

​

 

123,278

 

1.93

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Subordinated borrowings

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59,849

 

4.97

​

 

59,920

 

5.53

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Total long-term borrowings

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291,785

 

2.45

​

 

183,198

 

2.87

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Total

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$

557,429

 

1.77

%  

$

531,316

 

2.11

%

Summary of Maturities of FHLB Advances

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March 31, 2020

 

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Weighted Average

 

(in thousands, except rates)

​

Carrying Value

​

 Rate

 

Fixed rate advances maturing:

 

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​

2020

​

$

142,300

 

1.19

%

2021

​

 

50,665

 

1.77

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2022

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104,000

 

1.97

​

2023

​

 

80,000

 

1.77

​

2024

​

 

7,300

 

1.16

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2025 and thereafter

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20,314

 

1.22

​

Total FHLB advances

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$

404,579

 

1.58

%