Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Short-term borrowings

Short-term borrowings as of December 31 are summarized as follows: 

	2019		2018
Securities sold under agreements to repurchase	$	9,091	$	7,706
Federal Home Loan Bank short-term advances	480,000		380,000
Total short-term borrowings	$	489,091	$	387,706

Average balances and cost of funds of short-term borrowings

The average balances and cost of funds of short-term borrowings for the years ending December 31 are summarized as follows:

	Average Balances						Cost of Funds
	2019		2018		2017		2019		2018		2017
Federal Home Loan Bank short-term advances	$	114,965	$	147,749	$	208,332	2.59	%	2.21	%	1.27	%
Securities sold under agreements to repurchase	8,479		7,986		9,215		0.15		0.17		0.17
Total short-term borrowings	$	123,444	$	155,735	$	217,547	2.43	%	2.10	%	1.22	%