Annual report pursuant to Section 13 and 15(d)

FHLB and Other Borrowings (Tables)

v3.20.4
FHLB and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2020
Federal Home Loan Banks [Abstract]  
Schedule of Components of Long term Borrowings

Components of long-term borrowings consist of:

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Long-term FHLB borrowings

 

$

51,890

 

 

$

90,437

 

PPPLF borrowings

 

 

149,848

 

 

 

 

Subordinated notes, net of issuance costs

 

 

36,296

 

 

 

 

Secured borrowings

 

 

3,986

 

 

 

14,703

 

Long-term borrowings, net

 

$

242,020

 

 

$

105,140

 

 

Schedule of Long-Term Borrowings from FHLB Outstanding

Long-term borrowings from the FHLB outstanding for the periods presented are as follows:

 

 

 

 

 

 

 

Range of

 

 

Weighted

 

 

 

 

 

 

Range of

 

Weighted

 

 

 

December 31,

 

 

Contractual

 

 

Average

 

 

December 31,

 

 

Contractual

 

Average

 

 

 

2020

 

 

Interest Rates

 

 

Interest Rate

 

 

2019

 

 

Interest Rates

 

Interest Rate

 

 

 

(Dollars in thousands)

 

Repayable during the years

   ending December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

$

 

 

 

0.00

%

 

 

0.00

%

 

$

18,254

 

 

1.45% - 5.02%

 

 

1.58

%

2021

 

 

8,636

 

 

1.48% - 2.99%

 

 

 

1.73

%

 

 

11,382

 

 

1.48% - 5.02%

 

 

1.82

%

2022

 

 

4,584

 

 

1.86% - 2.99%

 

 

 

2.23

%

 

 

12,056

 

 

1.79% - 5.02%

 

 

2.14

%

2023

 

 

6,489

 

 

1.86% - 2.99%

 

 

 

2.44

%

 

 

15,868

 

 

2.05% - 5.02%

 

 

2.24

%

2024

 

 

10,723

 

 

1.86% - 2.99%

 

 

 

2.62

%

 

 

11,170

 

 

2.07% - 5.02%

 

 

2.62

%

2025

 

 

2,649

 

 

1.86% - 2.99%

 

 

 

2.26

%

 

 

1,830

 

 

2.10% - 5.02%

 

 

2.47

%

2026-2031

 

 

18,809

 

 

2.10% - 2.99%

 

 

 

2.26

%

 

 

19,877

 

 

2.10% - 5.02%

 

 

2.31

%

Total long-term FHLB

   borrowings

 

$

51,890

 

 

 

 

 

 

 

 

 

 

$

90,437