Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Short-term borrowings

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

	2021		2020
Securities sold under agreements to repurchase	$	13,947	$	10,947
Federal funds purchased	—		10,393
Total short-term borrowings	$	13,947	$	21,340

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
	2021		2020		2019		2021		2020		2019
Federal Home Loan Bank short-term advances	$	—	$	345,601	$	114,965	—	%	1.09	%	2.59	%
Federal funds purchased	747		363		—		0.33		—		—
Securities sold under agreements to repurchase	12,662		10,889		8,479		0.29		0.30		0.15
Total short-term borrowings	$	13,409	$	356,853	$	123,444	0.29	%	1.07	%	2.43	%