FEDERAL HOME LOAN BANK ADVANCES (Tables)

6 Months Ended

Jun. 30, 2020

FEDERAL HOME LOAN BANK ADVANCES

Federal Home Loan Bank Advances

(in thousands)	June 30, 2020		December 31, 2019
Overnight advances	$	—	$	200,000
Variable interest rate advance indexed to 3-Month LIBOR plus 0.14%		10,000		10,000
Fixed interest rate advances		127,500		540,000
Total FHLB advances	$	137,500	$	750,000

Aggregate Future Principal Payments on FHLB Advances

			Weighted
			Average
Year (dollars in thousands)	Principal		Rate
2020 (Overnight)	$	—	—	%
2020 (Term)		67,500	1.58
2021		30,000	1.93
2022		20,000	2.12
2023		20,000	2.56
2024		—	—
Thereafter		—	—
Total	$	137,500	1.87	%

Information Regarding Overnight FHLB Advances

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(dollars in thousands)	2020			2019			2020			2019
Average outstanding balance during the period	$	42,198		$	448,077		$	43,681		$	331,768
Average interest rate during the period		0.22	%		2.50	%		0.92	%		2.49	%
Maximum outstanding at any month end during the period	$	165,000		$	785,000		$	250,000		$	785,000

Real Estate Loans Pledged

(in thousands)	June 30, 2020		December 31, 2019
First lien, single family residential real estate	$	1,031,671	$	1,099,941
Home equity lines of credit		250,257		274,990