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Borrowings (Tables)
12 Months Ended
Dec. 31, 2019
Debt Instrument [Domain]  
Schedule of Repurchase Agreements [Table Text Block]

 

 

December 31, 2019

December 31, 2018

 

 

 

 

Repurchase liability

 

 

Repurchase liability

 

 

 

Repurchase

weighted average

 

Repurchase

weighted average

(Dollars in thousands)

 

liability

interest rate

 

liability

interest rate

U.S. Treasury securities

 

 

 

 

 

 

 

 

 

Within 30 days

$

88,646

2.59

%

$

138,689

2.56

%

 

After 30 to 90 days

 

78,061

2.36

 

 

79,374

2.47

 

 

After 90 days

 

24,538

2.52

 

 

19,558

2.72

 

Total U.S. Treasury securities

 

191,245

2.49

 

 

237,621

2.54

 

Obligations of U.S. government sponsored entities

 

 

 

 

 

 

 

 

 

After 30 to 90 days

 

-

-

 

 

6,055

2.45

 

Total obligations of U.S. government sponsored entities

 

-

-

 

 

6,055

2.45

 

Mortgage-backed securities

 

 

 

 

 

 

 

 

 

Within 30 days

 

1,235

0.30

 

 

6,859

1.15

 

 

After 90 days

 

-

-

 

 

20,465

2.75

 

Total mortgage-backed securities

 

1,235

0.30

 

 

27,324

2.35

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

 

Within 30 days

 

898

0.24

 

 

10,529

0.25

 

Total collateralized mortgage obligations

 

898

0.24

 

 

10,529

0.25

 

Total

$

193,378

2.46

%

$

281,529

2.43

%

Schedule of Notes Payable [Table Text Block]

(In thousands)

December 31, 2019

 

December 31, 2018

Advances with the FHLB with maturities ranging from 2020 through 2029 paying interest at monthly fixed rates ranging from 1.14% to 4.19% (2018 - 0.95% to 4.19%)

$

421,399

 

$

524,052

Advances with the FHLB maturing on 2019 paying interest monthly at a floating rate of 0.34% over 1 month LIBOR

 

-

 

 

13,000

Advances with the FHLB maturing on 2019 paying interest quarterly at floating rates ranging from 0.12% to 0.24% over the 3 month LIBOR

 

-

 

 

19,724

Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $4,693 (2018 - $5,961)

 

295,307

 

 

294,039

Junior subordinated deferrable interest debentures (related to trust preferred securities) with maturities ranging from 2033 to 2034 with fixed interest rates ranging from 6.125% to 6.7%, net of debt issuance costs of $396 (2018 - $423)

 

384,902

 

 

384,875

Capital lease obligations

 

-

 

 

20,412

Total notes payable

$

1,101,608

 

$

1,256,102

Maturity Distribution Of Debt Securities [Text Block]

 

Assets sold under

 

 

 

(In thousands)

agreements to repurchase

Notes payable

 

Total

2020

$

193,378

$

139,920

 

$

333,298

2021

 

-

 

50,040

 

 

50,040

2022

 

-

 

103,148

 

 

103,148

2023

 

-

 

318,568

 

 

318,568

2024

 

-

 

28,373

 

 

28,373

Later years

 

-

 

461,559

 

 

461,559

Total borrowings

$

193,378

$

1,101,608

 

$

1,294,986

Federal Funds Purchased And Securities Sold Under Agreements To Repurchase [Member]  
Schedule Of Maximum Aggregate Balance Average Aggregate Balance And Weighted Average Interest Rate [Text Block]

Assets sold under agreements to repurchase:

 

 

 

 

 

 

(Dollars in thousands)

 

2019

 

 

2018

 

Maximum aggregate balance outstanding at any month-end

$

281,833

 

$

401,606

 

Average monthly aggregate balance outstanding

$

222,565

 

$

330,585

 

Weighted average interest rate:

 

 

 

 

 

 

 

For the year

 

2.64

%

 

2.01

%

 

At December 31

 

2.50

%

 

2.44

%

Short-term Debt [Member]  
Schedule Of Maximum Aggregate Balance Average Aggregate Balance And Weighted Average Interest Rate [Text Block]

Other short-term borrowings:

 

 

 

 

 

 

(Dollars in thousands)

 

2019

 

 

2018

 

Others

$

-

 

$

42

 

Balance outstanding at the end of the period

$

-

 

$

42

 

Maximum aggregate balance outstanding at any month-end

$

160,000

 

$

186,200

 

Average monthly aggregate balance outstanding

$

8,703

 

$

27,833

 

Weighted average interest rate:

 

 

 

 

 

 

 

For the year

 

2.50

%

 

2.04

%

 

At December 31

 

1.85

%

 

2.53

%