Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at December 31, 2019 and 2018 are summarized as follows (in thousands):

	2019		2018
Securities sold under repurchase agreements	$	60,737	121,322
FHLB line of credit	298,000		283,000
FHLB advances	766,409		1,037,960
Total borrowed funds	$	1,125,146	1,442,282

Scheduled Maturities of FHLB Advances

Scheduled maturities of FHLB advances at December 31, 2019 are as follows (in thousands):

	2019
Due in one year or less	$	489,169
Due after one year through two years	146,240
Due after two years through three years	131,000
Due after three years through four years	—
Thereafter	—
Total FHLB advances	$	766,409

Scheduled Maturities of Securities Sold Under Repurchase Agreements

Scheduled maturities of securities sold under repurchase agreements at December 31, 2019 are as follows (in thousands):

	2019
Due in one year or less	$	60,737
Thereafter	—
Total securities sold under repurchase agreements	$	60,737

Debt Disclosure by Year

The following tables set forth certain information as to borrowed funds for the years ended December 31, 2019 and 2018 (in thousands):

	Maximum balance		Average balance	Weighted average interest rate
2019
Securities sold under repurchase agreements	$	96,914	71,234	0.49	%
FHLB line of credit	451,000		325,481	2.40
FHLB advances	1,190,006		939,916	2.11
2018
Securities sold under repurchase agreements	$	153,715	139,729	1.04	%
FHLB line of credit	487,000		259,189	2.09
FHLB advances	1,256,525		1,136,988	1.90