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Securities Sold Under Agreements to Repurchase (Tables)
6 Months Ended
Jun. 30, 2020
Transfers and Servicing [Abstract]  
Carrying Value of Repurchase Agreements
The following table summarizes the carrying value of the Company’s securities sold under agreements to repurchase (“repurchase agreements”) by remaining contractual maturity of the agreements and category of collateral:

Overnight and Continuous
(Dollars in thousands)June 30,
2020
December 31,
2019
State and local governments$670,210  —  
Corporate bonds211,017  —  
Residential mortgage-backed securities—  312,015  
Commercial mortgage-backed securities—  257,809  
Total$881,227  569,824