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Borrowings (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of repurchase agreements | Repurchase agreements accounted for as secured borrowings
|  | June 30, 2022 | December 31, 2021
|  |  | Repurchase |  | Repurchase |
(In thousands) |  | liability |  | liability |
U.S. Treasury securities |  |  |  |  |
| Within 30 days | $ | 14,139 | $ | 19,538 |
| After 30 to 90 days |  | 18,198 |  | 30,295 |
| After 90 days |  | 27,207 |  | 29,036 |
Total U.S. Treasury securities |  | 59,544 |  | 78,869 |
Mortgage-backed securities |  |  |  |  |
| Within 30 days |  | 10,534 |  | 11,733 |
| After 30 to 90 days |  | 847 |  | - |
| After 90 days |  | - |  | 722 |
Total mortgage-backed securities |  | 11,381 |  | 12,455 |
Collateralized mortgage obligations |  |  |  |  |
| Within 30 days |  | - |  | 279 |
Total collateralized mortgage obligations |  | - |  | 279 |
Total | $ | 70,925 | $ | 91,603 |
Notes payable | Notes Payable The following table presents the composition of notes payable at June 30, 2022 and December 31, 2021.
(In thousands) | June 30, 2022 |  | December 31, 2021
Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% | $ | 391,429 |  | $ | 492,429
Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $1,524 |  | 298,475 |  |  | 297,842
Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564%, net of debt issuance costs of $328 |  | 198,306 |  |  | 198,292
Total notes payable | $ | 888,210 |  | $ | 988,563
Note: Refer to the Corporation's 2021 Form 10-K for rates information at December 31, 2021.
Borrowings by contractual maturities | A breakdown of borrowings by contractual maturities at June 30, 2022 is included in the table below.
|  | Assets sold under |  |  |
(In thousands) |  | agreements to repurchase |  | Notes payable | Total
2022 | $ | 70,925 | $ | 2,148 | $ | 73,073
2023 |  | - |  | 341,736 |  | 341,736
2024 |  | - |  | 91,943 |  | 91,943
2025 |  | - |  | 139,920 |  | 139,920
2026 |  | - |  | 74,500 |  | 74,500
Later years |  | - |  | 237,963 |  | 237,963
Total borrowings | $ | 70,925 | $ | 888,210 | $ | 959,135

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