Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Other Borrowings.

Schedule of other borrowings

The Company’s other borrowings were as follows:

				2019						2018
						Weighted						Weighted
		Interest				Average		Interest				Average
		Rate at				Interest		Rate at				Interest
(Dollars in thousands)	Maturity	12/31/2019		Balance		Rate		12/31/2018		Balance		Rate
Short-term borrowings:
Federal Home Loan Bank Fixed Rate Credit	12/31/2019	—	%	$	—			2.64	%	$	150,000
Federal Home Loan Bank Fixed Rate Credit	3/4/2020	1.75	%		200,000			—	%		—
Federal Home Loan Bank Fixed Rate Credit	3/19/2020	1.73	%		350,000			—	%		—
Federal Home Loan Bank Fixed Rate Credit	3/30/2020	1.72	%		150,000			—	%		—
Total short-term borrowings					700,000	2.35	%				150,000	2.64	%
Long-term borrowings
SCBT Capital Trust I junior subordinated debt(1)	6/15/2035	3.68	%		12,372			4.58	%		12,372
SCBT Capital Trust II junior subordinated debt(1)	6/15/2035	3.68	%		8,248			4.58	%		8,248
SCBT Capital Trust III junior subordinated debt(1)	7/18/2035	3.48	%		20,619			4.38	%		20,619
SAVB Capital Trust I junior subordinated debt(1)	10/7/2033	4.84	%		6,186			5.29	%		6,186
SAVB Capital Trust II junior subordinated debt(1)	12/15/2034	4.09	%		4,124			4.99	%		4,124
TSB Statutory Trust I junior subordinated debt(1)	3/14/2037	3.61	%		3,093			4.51	%		3,093
Southeastern Bank Financial Statutory Trust I junior subordinated debt(1)	12/15/2035	3.29	%		10,310			4.19	%		10,310
Southeastern Bank Financial Statutory Trust II junior subordinated debt(1)	6/15/2036	3.29	%		10,310			4.19	%		10,310
CSBC Statutory Trust I junior subordinated debt(1)	12/15/2035	3.46	%		15,464			4.36	%		15,464
Community Capital Statutory Trust I junior subordinated debt(1)	6/15/2036	3.44	%		10,310			4.34	%		10,310
FCRV Statutory Trust I junior subordinated debt(1)	12/15/2036	3.59	%		5,155			4.49	%		5,155
Provident Community Bancshares Capital Trust I junior subordinated debt(1)	3/1/2037	3.84	%		4,124			4.14	%		4,124
Provident Community Bancshares Capital Trust II junior subordinated debt(1)	10/1/2036	3.65	%		8,248			4.48	%		8,248
Fair Market Value Discount Trust Preferred Debt Acquired					(2,730)						(3,397)
Other	Various	0.50	%		103			4.14	%		918
Total long-term borrowings					115,936	3.60	%				116,084	4.45	%
Total borrowings				$	815,936					$	266,084

(1) All of the junior subordinated debt above is adjustable rate based on three-month LIBOR plus a spread ranging from 140 basis points to 285 basis points.

Summary of principal maturities of other borrowings

	Junior
	Subordinated		FHLB
(Dollars in thousands)	Debt		Advances		Other		Total
Year Ended December 31,
2020	$	—	$	700,000	$	7	$	700,007
2021		—		—		8		8
2022		—		—		8		8
2023		—		—		8		8
2024		—		—		8		8
Thereafter		115,833		—		64		115,897
	$	115,833	$	700,000	$	103	$	815,936