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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Repurchase Agreements | Repurchase agreements accounted for as secured borrowings
|  | December 31, 2021 | December 31, 2020
|  |  |  | Repurchase liability |  |  | Repurchase liability
|  |  | Repurchase | weighted average |  | Repurchase | weighted average
(Dollars in thousands) |  | liability | interest rate |  | liability | interest rate
U.S. Treasury securities |  |  |  |  |  |  |  |
| Within 30 days | $ | 19,538 | 0.30 | % | $ | 67,157 | 1.16 | %
| After 30 to 90 days |  | 30,295 | 0.21 |  |  | 39,318 | 1.20 |
| After 90 days |  | 29,036 | 0.29 |  |  | 9,979 | 0.33 |
Total U.S. Treasury securities |  | 78,869 | 0.26 |  |  | 116,454 | 1.10 |
Mortgage-backed securities |  |  |  |  |  |  |  |
| Within 30 days |  | 11,733 | 0.26 |  |  | 3,778 | 0.28 |
| After 30 to 90 days |  | - | - |  |  | 268 | 1.50 |
| After 90 days |  | 722 | 0.16 |  |  | - | - |
Total mortgage-backed securities |  | 12,455 | 0.26 |  |  | 4,046 | 0.36 |
Collateralized mortgage obligations |  |  |  |  |  |  |  |
| Within 30 days |  | 279 | 0.25 |  |  | 803 | 0.24 |
Total collateralized mortgage obligations |  | 279 | 0.25 |  |  | 803 | 0.24 |
Total | $ | 91,603 | 0.26 | % | $ | 121,303 | 1.07 | %
Schedule Of Maximum Aggregate Balance Average Aggregate Balance And Weighted Average Interest Rate [Text Block] |
(Dollars in thousands) |  | 2021 |  |  | 2020 |
Maximum aggregate balance outstanding at any month-end | $ | 92,101 |  | $ | 195,498 |
Average monthly aggregate balance outstanding | $ | 91,394 |  | $ | 143,718 |
Weighted average interest rate: |  |  |  |  |  |
| For the year |  | 0.35 | % |  | 1.63 | %
| At December 31 |  | 0.26 | % |  | 1.11 | %
. The following table presents additional information related to the Corporation’s other short-term borrowings for the years ended December 31, 2021 and December 31, 2020.
(Dollars in thousands) |  | 2021 |  |  | 2020 |
Maximum aggregate balance outstanding at any month-end | $ | 75,000 |  | $ | 100,000 |
Average monthly aggregate balance outstanding | $ | 343 |  | $ | 21,557 |
Weighted average interest rate: |  |  |  |  |  |
| For the year |  | 0.35 | % |  | 0.56 | %
| At December 31 |  | 0.35 | % |  | 0.73 | %
Notes Payable | Notes Payable The following table presents the composition of notes payable at December 31, 2021 and December 31, 2020.
(In thousands) | December 31, 2021 |  | December 31, 2020
Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% (2020 - 0.39% to 4.19%) | $ | 492,429 |  | $ | 542,469
Advances with the FRB maturing on 2022 paying interest at annual fixed rate of 0.35%[1] |  | - |  |  | 1,009
Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $2,158 (2020 - $3,426) |  | 297,842 |  |  | 296,574
Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564% (2020 - 6.125% to 6.70%), net of debt issuance costs of $342 (2020 - $369) |  | 198,292 |  |  | 384,929
Total notes payable | $ | 988,563 |  | $ | 1,224,981
[1] During the second quarter of 2021, the Paycheck Protection Program Liquidity Facility advance was prepaid.
Maturity distribution of debt securities | A breakdown of borrowings by contractual maturities at December 31, 2021 is included in the table below.
|  | Assets sold under |  | Short-term |  |  |
(In thousands) |  | agreements to repurchase |  | borrowings |  | Notes payable | Total
2022 | $ | 91,603 |  | 75,000 | $ | 103,148 | $ | 269,751
2023 |  | - |  | - |  | 341,103 |  | 341,103
2024 |  | - |  | - |  | 91,943 |  | 91,943
2025 |  | - |  | - |  | 139,920 |  | 139,920
2026 |  | - |  | - |  | 74,500 |  | 74,500
Later years |  | - |  | - |  | 237,949 |  | 237,949
Total borrowings | $ | 91,603 |  | 75,000 | $ | 988,563 | $ | 1,155,166

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