Time deposits of $250,000 or more totaled approximately $360,985,000 and $370,505,000 at December 31, 2024 and 2023, respectively.

At December 31, 2024, the scheduled maturities of time deposits (in thousands) were, as follows:


Year ending December 31,
2025		$849,310
2026		28,621
2027		10,892
2028		20,923
2029		7,528
Thereafter		2
		$917,276

Deposits received from related parties at December 31, 2024 and 2023 totaled $100,493,000 and $101,973,000, respectively.

Borrowings at December 31, 2024 and 2023 consisted of the following (in thousands):


	December 31,
	2024		2023
Securities sold under agreements with customers to repurchase	$	61,416	$	381,928
Federal funds purchased		14,550		1,100
Other borrowings		121,053		21,053
Total	$	197,019	$	404,081

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. The weighted average interest rate on federal funds purchased, securities sold under repurchase agreements and advances from the FHLB was 2.01% and 3.27% at December 31, 2024 and 2023, respectively.

During 2021, the Company invested in qualifying Community Development Entities ("CDE") under the federal New Market Tax Credits ("NMTC") program. See Note 9 for further discussion of our activity and related balances on the consolidated balance sheets, including the $21,053,000 in other borrowings shown above.