Securities Sold Under Agreements to Repurchase (Tables)

3 Months Ended

Mar. 31, 2021

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)	March 31, 2021		December 31, 2020
State and local governments	$	418,077	787,016
Corporate bonds	175,522		217,567
Residential mortgage-backed securities	391,505		—
Commercial mortgage-backed securities	11,774		—
Total	$	996,878	1,004,583