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BORROWING ARRANGEMENTS
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Debt Disclosure BORROWING ARRANGEMENTS
Information related to borrowings is provided in the table below (dollars in thousands):
December 31, 2022December 31, 2021
Other borrowings:  
Balance at end of period$221,153 $23,219 
Average amount outstanding during the period (1)
77,845 22,257 
Maximum amount outstanding during the period (2)
316,563 24,549 
Weighted average interest rate during the period (3)
2.4 %0.2 %
Interest rate at end of period (4)
4.1 %0.2 %
FHLB borrowings:  
Balance at end of period$153,358 $344,038 
Average amount outstanding during the period (1)
135,926 665,384 
Maximum amount outstanding during the period (2)
423,645 723,584 
Weighted average interest rate during the period (3)
2.4 %1.1 %
Interest rate at end of period (4)(5)
4.7 %1.3 %
(1)The average amount outstanding during the period was computed by dividing the total daily outstanding principal balances by the number of days in the period.
(2)The maximum amount outstanding at any month-end during the period.
(3)The weighted average interest rate during the period was computed by dividing the actual interest expense by the average amount outstanding during the period. The weighted average interest rate on the FHLB borrowings includes the effect of interest rate swaps.
(4)Stated rate.
(5)The interest rate on FHLB borrowings includes the effect of interest rate swaps.

Maturities of the obligations associated with our borrowing arrangements based on scheduled repayments at December 31, 2022 are as follows (in thousands):
Payments Due by Period
 Less than
1 Year		1-2 Years2-3 Years3-4 Years4-5 YearsThereafterTotal
Other borrowings$218,203 $2,950 $— $— $— $— $221,153 
FHLB borrowings150,709 740 772 485 406 246 153,358 
Total obligations$368,912 $3,690 $772 $485 $406 $246 $374,511 

Other borrowings may include federal funds purchased, repurchase agreements and borrowings from the FRDW. Southside Bank has three unsecured lines of credit for the purchase of overnight federal funds at prevailing rates with Frost Bank, TIB – The Independent Bankers Bank and Comerica Bank for $40.0 million, $15.0 million and $7.5 million, respectively. There were no federal funds purchased at December 31, 2022 or 2021. To provide more liquidity in response to the economic impact of the COVID-19 pandemic, the Federal Reserve took steps to encourage broader use of the discount window. At December 31, 2022, the amount of additional funding the Bank could obtain from the FRDW, collateralized by securities, was approximately $527.6 million. There were $188.0 million in borrowings from the FRDW at December 31, 2022. There were no borrowings from the FRDW at December 31, 2021. Southside Bank has a $5.0 million line of credit with Frost Bank to be used to issue letters of credit, and at December 31, 2022, the line had one outstanding letter of credit for $155,000. Southside Bank currently has no outstanding letters of credit from FHLB held as collateral for its public fund deposits.
Southside Bank enters into sales of securities under repurchase agreements. These repurchase agreements totaled $33.2 million at December 31, 2022 and $23.2 million at December 31, 2021, and had maturities of less than two years. Repurchase agreements are secured by investment and MBS securities and are stated at the amount of cash received in connection with the transaction.
FHLB borrowings represent borrowings with fixed interest rates ranging from 3.73% to 4.799% and with remaining maturities of less than three months to 5.6 years at December 31, 2022.  FHLB borrowings may be collateralized by FHLB stock, nonspecified loans and/or securities. At December 31, 2022, the amount of additional funding Southside Bank could obtain from FHLB, collateralized by securities, FHLB stock and nonspecified loans and securities, was approximately $1.61 billion, net of FHLB stock purchases required.