Time deposits of $250,000 or more totaled approximately $151,344,000 and $153,962,000 at December 31, 2021 and 2020, respectively.

At December 31, 2021, the scheduled maturities of time deposits (in thousands) were, as follows:


Year ending December 31,
2022		$383,106
2023		45,844
2024		13,224
2025		10,056
2026		9,165
Thereafter		20
		$461,415

Deposits received from related parties at December 31, 2021 and 2020 totaled $229,791,000 and $98,413,000, respectively.

Borrowings at December 31, 2021 and 2020 consisted of the following (in thousands):


	December 31,
	2021		2020
Securities sold under agreements with customers to repurchase	$	625,499	$	412,743
Federal funds purchased		24,600		17,350
Other borrowings		21,053		—
Total	$	671,152	$	430,093

Securities sold under repurchase agreements are generally with significant customers of the Company that require short-term liquidity for their funds for which the Company pledges certain securities that have a fair value equal to at least the amount of the borrowings. The agreements mature daily and therefore the risk arising from a decline in the fair value of the collateral pledged is minimal. The securities pledged are mortgage-backed securities. These agreements do not include “right of set-off” provisions and therefore the Company does not offset such agreements for financial reporting purposes.