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Borrowed Funds
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Borrowed Funds Borrowed Funds
Borrowed funds at September 30, 2022 and December 31, 2021 were as follows (in thousands):
September 30,December 31,
20222021
FHLB advances$514,200 $— 
Securities sold under agreements to repurchase with customers96,289 118,769 
Other borrowings194,914 229,141 
Total borrowed funds$805,403 $347,910 
At September 30, 2022, there were $500.0 million of short-term advances and $14.2 million of overnight borrowings from the FHLB, as compared to $0 at 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.