Repurchase Agreements and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2025

Repurchase Agreements And Other Borrowings [Abstract]

Schedule of Borrowings

As of December 31, 2025 and 2024 borrowings consisted of the following (in thousands):

	2025		2024
Securities sold under agreements to repurchase	$	196,716	$	204,122
Federal Home Loan Bank-overnight		—		90,000
Federal Home Loan Bank (FHLB) fixed-term advances		270,000		152,520
Subordinated debt		60,008		87,472
Junior subordinated debentures		24,454		24,280
Total	$	551,178	$	558,394

Aggregate Annual Maturities of Long-Term Borrowings

Aggregate annual maturities of FHLB advances and debt (excluding unamortized discounts and premiums) at December 31, 2025 are (in thousands):

			Subordinated			Jr. Subordinated
	FHLB		Debt			Debentures			Total
2026	$	25,000	$	—		$	—		$	25,000
2027		50,000		—			—			50,000
2028		25,000		—			—			25,000
2029		45,000		—			—			45,000
2030		100,000		56,000			—			156,000
Thereafter		25,000		5,000			25,775			55,775
		270,000		61,000			25,775			356,775
Unamortized discount		—		(992	)		(1,321	)		(2,313	)
	$	270,000	$	60,008		$	24,454		$	354,462

Federal Home Loan Bank, Advances

FHLB advances represent borrowings by First Mid Bank to fund loan demand. At December 31, 2025 the advances totaling $270.0 million were as follows:

Advance	Term (in years)	Interest Rate	Maturity Date
$25,000,000	3.0	4.40%	June 15, 2026
25,000,000	3.0	4.37%	May 10, 2027
25,000,000	3.0	4.32%	May 17, 2027
25,000,000	5.0	3.95%	June 29, 2028
25,000,000	5.0	3.93%	June 27, 2029
5,000,000	10.0	1.15%	October 3, 2029
5,000,000	10.0	1.12%	October 3, 2029
10,000,000	10.0	1.39%	December 31, 2029
25,000,000	5.0	3.46%	February 7, 2030
25,000,000	5.0	3.16%	August 14, 2030
50,000,000	5.0	2.92%	November 25, 2030
25,000,000	10.0	2.71%	March 5, 2035

Schedule of Securities Financing Transactions

Repurchase agreements by class of collateral pledged are as follows (in thousands):

	December 31, 2025		December 31, 2024
US Treasury securities and obligations of U.S. government corporations and agencies	$	55,863	$	70,664
Mortgage-backed securities		140,853		133,458
Total	$	196,716	$	204,122
(1) Mortgage-backed securities include mortgage-backed securities (MBS) and collateralized mortgage obligation (CMO) issues from the following government sponsored enterprises: FHLMC, FNMA, GNMA and FHLB.