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Short-Term and Other Borrowings (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Summary of Federal Funds Purchased, Securities Sold Under Agreements to Repurchase and Other Short-term Borrowings

Short-term and other borrowings, which consist of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings, are summarized as follows:

At September 30, 2021

At December 31, 2020

Federal Funds Purchased

Short-term Borrowings

Federal Funds Purchased

Short-term Borrowings

Outstanding balance

$

—

$

—

$

—

$

—

Interest rate on balance

—

—

—

—

		Three Months Ended September 30,																Nine Months Ended September 30,
		2021				2021				2020				2020				2021				2021				2020				2020
		Federal Funds Purchased				Short-term Borrowings				Federal Funds Purchased				Short-term Borrowings				Federal Funds Purchased				Short-term Borrowings				Federal Funds Purchased				Short-term Borrowings
Maximum    indebtedness		$	—			$	—			$	35,000			$	—			$	—			$	—			$	50,000			$	102,700
Average balance			—				—				543				—				—				—				385				10,888
Average rate paid			—				—				(1.47	)%			—				—				—				0.35	%			1.64	%

Summary of Securities Pledged as Collateral Under Repurchase Agreements

The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of September 30, 2021 and December 31, 2020. All of the repurchase agreements are overnight agreements.

		September 30, 2021				December 31, 2020
Securities pledged for repurchase agreements:
U.S. Treasury securities		$	7,656			$	899
Obligations of U.S. government agencies			15,675				28,015
Total securities pledged		$	23,331			$	28,914
Gross amount of recognized liabilities for repurchase    agreements		$	23,331			$	28,914
Amounts related to agreements not included in offsetting    disclosures above		$	—			$	—

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Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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