The following is a summary of the Company’s other borrowings as of December 31, 2022 and 2021:


	2022		2021
Federal Home Loan Bank advances	$	625,000	$	490,000
Securities sold under agreements to repurchase		15,399		29,723
Line of credit		—		—
Total	$	640,399	$	519,723

Byline Bank has the capacity to borrow funds from the discount window of the FRB. As of December 31, 2022 and 2021, there were no outstanding advances under the FRB discount window line. The Company pledges loans and leases as collateral for the FRB discount window borrowing. Refer to Note 4 – Loan and Lease Receivables for additional discussion.

At December 31, 2022, fixed-rate advances totaled $225.0 million, with interest rates ranging from 4.38% to 4.66% and maturities ranging from February 2022 to March 2023. Total variable rate advances were $400.0 million at December 31, 2022, with interest rates ranging from 4.23% to 4.33% that may reset daily, and mature in February 2023. The Company’s advances from the FHLB are collateralized by residential real estate loans, commercial real estate loans, and securities. The Company’s required investment in FHLB stock is $4.50 for every $100 in advances. Refer to Note 3—Securities for additional discussion, subject to the availability of proper collateral. The Bank’s maximum borrowing capacity is limited to 35% of total assets.

Securities sold under agreements to repurchase represent a demand deposit product offered to customers that sweep balances in excess of the FDIC insurance limit into overnight repurchase agreements. The Company pledges securities as collateral for the repurchase agreements. Refer to Note 3—Securities for additional discussion.

On October 13, 2016, the Company entered into a $30.0 million revolving credit agreement with a correspondent bank. Through subsequent amendments, the revolving credit agreement was reduced to $15.0 million and the maturity of the credit facility was extended to October 6, 2023. The amended revolving line of credit bears interest at either SOFR plus 195 basis points or the Prime Rate minus 75 basis points, not to be less than 2.00%, based on the Company’s election, which is required to be communicated at least three business days prior to the commencement of an interest period. If the Company fails to provide timely notification, the interest rate will be Prime Rate minus 75 basis points. At December 31, 2022 and 2021, the line of credit had no outstanding balance.

The Company hedges interest rates on borrowed funds using interest rate swaps through which the Company receives variable amounts and pays fixed amounts. Refer to Note 21—Derivative Instruments and Hedging Activities for additional discussion.

The following table presents short-term credit lines available for use as of December 31, 2022 and 2021:


	2022		2021
Federal Home Loan Bank line	$	1,903,549	$	1,883,349
Federal Reserve Bank of Chicago discount window line		804,578		602,962
Available federal funds lines		135,000		115,000