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Repurchase Agreements and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2024

Repurchase Agreements And Other Borrowings [Abstract]

Schedule of Borrowings

As of December 31, 2024 and 2023 borrowings consisted of the following (in thousands):

		2024				2023
Securities sold under agreements to repurchase		$	204,122			$	213,721
Federal Home Loan Bank-overnight			90,000				—
Federal Home Loan Bank (FHLB) fixed-term advances			152,520				263,787
Subordinated debt			87,472				106,755
Junior subordinated debentures			24,280				24,058
Total		$	558,394			$	608,321

Aggregate Annual Maturities of Long-Term Borrowings

Aggregate annual maturities of FHLB advances and debt (excluding unamortized discounts and premiums) at December 31, 2024 are (in thousands):

						Subordinated				Jr. Subordinated
		FHLB				Debt				Debentures
2025		$	97,435			$	—			$	4,124
2026			25,000				—				—
2027			50,000				—				—
2028			25,000				—				—
2029			45,000				—				—
Thereafter			—				91,000				21,651
			242,435				91,000				25,775
Unamortized premium (discount)			85				(3,528	)			(1,495	)
		$	242,520			$	87,472			$	24,280

Federal Home Loan Bank, Advances

FHLB advances represent borrowings by First Mid Bank to fund loan demand. At December 31, 2024 the advances totaling $242.4 million were as follows:

Advance		Term (in years)		Interest Rate		Maturity Date
$90,000,000		overnight		4.46%		January 1, 2025
5,000,000		5.0		0.91%		March 10, 2025
2,435,064		10.0		2.64%		December 23, 2025
25,000,000		3.0		4.40%		June 15, 2026
25,000,000		3.0		4.37%		May 10, 2027
25,000,000		3.0		4.32%		May 17, 2027
25,000,000		5.0		3.82%		June 29, 2028
25,000,000		5.0		3.93%		June 27, 2029
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)		2024				2023				2022
Securities sold under agreements to repurchase:
Maximum outstanding at any month-end		$	282,285			$	231,650			$	257,061
Average amount outstanding for the year			221,789				225,307				202,242

Schedule of Securities Financing Transactions

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

		December 31, 2024				December 31, 2023
US Treasury securities and obligations of U.S. government corporations and agencies		$	70,664			$	46,544
Mortgage-backed securities: GSE: residential			133,458				167,177
Total		$	204,122			$	213,721

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