Borrowed Funds (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at March 31, 2022 and December 31, 2021 are summarized as follows (in thousands):

	March 31, 2022		December 31, 2021
Securities sold under repurchase agreements	$	118,759	116,760
FHLB line of credit	—		—
FHLB advances	280,848		510,014
Total borrowed funds	$	399,606	626,774

Scheduled Maturities of FHLB Advances

Scheduled maturities of FHLB advances at March 31, 2022 are as follows (in thousands):

	2022
Due in one year or less	$	102,971
Due after one year through two years	45,049
Due after two years through three years	74,668
Due after three years through four years	58,160
Thereafter	—
Total FHLB advances	$	280,848

Scheduled Maturities of Sold Under Repurchase Agreements

Scheduled maturities of securities sold under repurchase agreements at March 31, 2022 are as follows (in thousands):

	2022
Due in one year or less	$	118,759
Thereafter	—
Total securities sold under repurchase agreements	$	118,759

Debt Disclosure by Year

The following tables set forth certain information as to borrowed funds for the periods ended March 31, 2022 and December 31, 2021 (in thousands):

	Maximum balance		Average balance	Weighted average interest rate
March 31, 2022
Securities sold under repurchase agreements	$	120,188	117,615	0.30	%
FHLB line of credit	—		—	—
FHLB advances	488,996		432,064	0.99
December 31, 2021
Securities sold under repurchase agreements	$	132,005	116,158	0.07	%
FHLB line of credit	—		205	0.34
FHLB advances	941,939		673,014	1.27