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Borrowed Funds
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Borrowed Funds Borrowed Funds
Borrowed funds at June 30, 2022 and December 31, 2021 were as follows (in thousands):
June 30,December 31,
20222021
FHLB advances$488,750 $— 
Securities sold under agreements to repurchase with customers105,495 118,769 
Other borrowings194,654 229,141 
Total borrowed funds$788,899 $347,910 
At June 30, 2022, there was $488.8 million outstanding in overnight borrowings from the FHLB, as compared to $0 at December 31, 2021. There were no FHLB term advances at June 30, 2022 and December 31, 2021.
In March 2022, the Company redeemed $35.0 million of subordinated debt due September 30, 2026. The debt carried an interest rate of 4.14% based on a floating rate of three months LIBOR plus 392 basis points.