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Other Borrowings
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Other Borrowings Other Borrowings
The following table summarized the Company’s borrowings as of December 31:
(In thousands)20212020
Overnight FHLB advances$14,000 $
Term FHLB advances110,000 265,000 
Total other borrowings$124,000 $265,000 
 
The Company, through its subsidiary banks, had available line-of-credit agreements with correspondent banks permitting borrowings to a maximum of approximately $89.0 million at both December 31, 2021 and 2020. There were no outstanding advances against those lines at December 31, 2021 and December 31, 2020.
 
Through its subsidiary banks, the Company has borrowing relationships with the FHLB, which provides secured borrowing capacity, subject to available collateral. The unused borrowing capacity on established lines with the FHLB was $2.3 billion at December 31, 2021 and $2.1 billion at December 31, 2020.
 
As members of the FHLB, the Company’s subsidiary banks can use certain unencumbered residential and commercial real estate related assets and investment securities to secure borrowings from the FHLB. At December 31, 2021, total unencumbered residential and commercial real estate related loans and investment securities pledged at the FHLB were $1.6 billion. At December 31, 2021, there were $14.0 million in overnight advances and $110.0 million in term advances with the FHLB, with a weighted average rate of 1.80%, compared to no overnight advances and $265.0 million in term advances with a weighted average rate of 2.09%, at December 31, 2020. At December 31, 2021, the term advances with the FHLB includes $10.0 million which matures within one year and $100.0 million which matures in over one year. Maturities of advances due in over one year include $60.0 million in 2023 and $40.0 million in 2024.

The Company had no callable FHLB borrowings at December 31, 2021.
The Company has a $25.0 million line of credit with a bank.  As of December 31, 2021 and December 31, 2020, there was no outstanding balance outstanding on the line. The line matures in June 2023.