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Repurchase Agreements and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Repurchase Agreements And Other Borrowings [Abstract]

Schedule of Borrowings

As of December 31, 2021 and 2020 borrowings consisted of the following (in thousands):

		2021				2020
Securities sold under agreements to repurchase		$	146,268			$	206,937
Federal Home Loan Bank (FHLB) fixed-term advances			86,446				93,969
Subordinated debt			94,400				94,253
Junior subordinated debentures			19,195				19,027
Total		$	346,309			$	414,186

Aggregate Annual Maturities of Long-Term Borrowings

Aggregate annual maturities of FHLB advances and debt (excluding unamortized discounts and premiums) at December 31, 2021 are (in thousands):

						Subordinated				Jr. Subordinated
		FHLB				Debt				Debentures
2022		$	25,000			$	—			$	—
2023			20,000				—				—
2024			10,000				—				—
2025			10,858				—				4,124
2026			—				—				—
Thereafter			20,000				96,000				16,496
			85,858				96,000				20,620
Unamortized discount			588				(1,600	)			(1,425	)
		$	86,446			$	94,400			$	19,195

Federal Home Loan Bank, Advances

FHLB advances represent borrowings by First Mid Bank to fund loan demand. At December 31, 2021 the advances totaling $86 million were as follows:

Advance				Term (in years)				Interest Rate			Maturity Date
$	5,000,000				5.0			2.71%			March 21, 2022
	5,000,000				1.0			0.00%			May 31, 2022
	5,000,000				3.0			2.41%			May 31, 2022
	5,000,000				3.0			2.12%			June 7, 2022
	5,000,000				3.0			2.12%			June 7, 2022
	5,000,000				8.0			2.40%			January 9, 2023
	5,000,000				4.0			2.44%			May 30, 2023
	5,000,000				3.5			1.51%			July 31, 2023
	5,000,000				3.5			0.77%			September 11, 2023
	10,000,000				5.0			1.45%			December 31, 2024
	5,000,000				5.0			0.91%			March 10, 2025
	5,857,785				10.0			2.64%			December 23, 2025
	5,000,000				10.0			1.15%			October 3, 2029
	5,000,000				10.0			1.12%			October 3, 2029
	10,000,000				10.0			1.39%			December 31, 2029

Securities Underlying the Repurchase Agreements

(In thousands)		2021				2020				2019
Securities sold under agreements to repurchase:
Maximum outstanding at any month-end		$	212,503			$	350,288			$	208,109
Average amount outstanding for the year			173,762				219,298				169,437

Schedule of Securities Financing Transactions

Repurchase agreements by class of collateral pledged are as follows (in thousands):

		December 31, 2021				December 31, 2020
US Treasury securities and obligations of U.S. government corporations and agencies		$	53,782			$	37,423
Mortgage-backed securities: GSE: residential			92,486				168,480
Miscellaneous			—				1,034
Total		$	146,268			$	206,937

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