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Short-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2020
Short Term Borrowings [Abstract]  
Short-Term Borrowings

The following table presents information concerning short-term borrowing at and for the years ended December 31, 2020 and 2019:

 

 

December 31,

 

(in thousands)

 

2020

 

 

2019

 

Federal funds purchased:

 

 

 

 

 

 

 

 

 

 

Amount outstanding at period end

 

$

 

300

 

 

$

 

195,450

 

Average amount outstanding during period

 

 

 

9,708

 

 

 

 

49,297

 

Maximum amount at any month end during period

 

 

 

330,330

 

 

 

 

202,933

 

Weighted-average interest at period end

 

 

 

0.15

%

 

 

 

1.60

%

Weighted-average interest rate during period

 

 

 

1.15

%

 

 

 

2.30

%

Securities sold under agreements to repurchase:

 

 

 

 

 

 

 

 

 

 

Amount outstanding at period end

 

$

 

567,213

 

 

$

 

484,422

 

Average amount outstanding during period

 

 

 

600,167

 

 

 

 

493,344

 

Maximum amount at any month end during period

 

 

 

806,645

 

 

 

 

518,042

 

Weighted-average interest at period end

 

 

 

0.14

%

 

 

 

0.54

%

Weighted-average interest rate during period

 

 

 

0.24

%

 

 

 

0.52

%

FHLB borrowings:

 

 

 

 

 

 

 

 

 

 

Amount outstanding at period end

 

$

 

1,100,000

 

 

$

 

2,035,000

 

Average amount outstanding during period

 

 

 

1,368,320

 

 

 

 

1,399,503

 

Maximum amount at any month end during period

 

 

 

2,110,000

 

 

 

 

1,941,774

 

Weighted-average interest at period end

 

 

 

0.49

%

 

 

 

1.17

%

Weighted-average interest rate during period

 

 

 

0.62

%

 

 

 

1.96

%