Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at September 30, 2021 and December 31, 2020 are summarized as follows (in thousands):

	September 30, 2021		December 31, 2020
Securities sold under repurchase agreements	$	114,004	99,936
FHLB line of credit	—		25,000
FHLB advances	503,371		1,051,036
Total borrowed funds	$	617,375	1,175,972

Scheduled Maturities of FHLB Advances

Scheduled maturities of FHLB advances at September 30, 2021 are as follows (in thousands):

	2021
Due in one year or less	$	347,623
Due after one year through two years	58,589
Due after two years through three years	22,899
Due after three years through four years	74,260
Due after four years through five years	—
Thereafter	—
Total FHLB advances	$	503,371

Scheduled Maturities of Sold Under Repurchase Agreements

Scheduled maturities of securities sold under repurchase agreements at September 30, 2021 are as follows (in thousands):

	2021
Due in one year or less	$	114,004
Due after one year through two years	—
Due after two years through three years	—
Due after three years through four years	—
Due after four years through five years	—
Thereafter	—
Total securities sold under repurchase agreements	$	114,004

Debt Disclosure by Year

The following tables set forth certain information as to borrowed funds for the periods ended September 30, 2021 and December 31, 2020 (in thousands):

	Maximum balance		Average balance	Weighted average interest rate
September 30, 2021
Securities sold under repurchase agreements	$	123,415	112,838	0.05	%
FHLB line of credit	—		275	0.34	%
FHLB advances	941,939		731,127	1.30
December 31, 2020
Securities sold under repurchase agreements	$	115,233	86,194	0.28	%
FHLB line of credit	422,000		97,853	1.09
FHLB advances	1,177,083		1,045,282	1.49