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BORROWED FUNDS (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds

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June 30, 2020

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December 31, 2019

 

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Weighted

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Weighted

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(dollars in thousands)

    

Carrying Value

    

Average Rate

    

Carrying Value

    

Average Rate

 

Short-term borrowings

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Advances from the FHLB

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$

194,169

 

0.84

%  

$

303,286

 

1.83

%

Other borrowings

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33,846

 

0.68

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44,832

 

0.99

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Total short-term borrowings

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228,015

 

0.75

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348,118

 

1.73

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Long-term borrowings

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Advances from the FHLB

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187,612

 

1.73

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123,278

 

1.93

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Advances from the FRB PPPLF

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131,236

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0.34

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—

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—

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Subordinated borrowings

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59,879

 

4.54

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59,920

 

5.53

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Total long-term borrowings

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378,727

 

2.58

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183,198

 

2.87

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Total

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$

606,742

 

1.66

%  

$

531,316

 

2.11

%

Summary of Maturities of FHLB Advances

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June 30, 2020

 

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Weighted Average

 

(in thousands, except rates)

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Carrying Value

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 Rate

 

Fixed rate advances maturing:

 

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2020

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$

158,500

 

0.65

%

2021

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40,669

 

1.67

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2022

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75,000

 

1.87

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2023

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80,000

 

1.77

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2024

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7,300

 

1.16

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2025 and thereafter

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20,312

 

1.23

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Total FHLB advances

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$

381,781

 

1.27

%