Wesbanco is a member of the FHLB system. Wesbanco’s FHLB borrowings, which consist of borrowings from both the FHLB of Pittsburgh and the FHLB of Cincinnati, are secured by a blanket lien by the FHLB on certain residential mortgages and other loan types or securities with a market value in excess of the outstanding balances of the borrowings. At December 31, 2019 and 2018, Wesbanco had FHLB borrowings of $1.4 billion and $1.1 billion, respectively, with a remaining weighted-average interest rate of 2.27% and 2.35%, respectively. The terms of the security agreement with the FHLB include a specific assignment of collateral that requires the maintenance of qualifying mortgage and other types of loans as pledged collateral with unpaid principal amounts in excess of the FHLB advances, when discounted at certain pre-established percentages of the loans’ unpaid principal balances. FHLB stock owned by Wesbanco totaling $66.8 million and $50.8 million at December 31, 2019 and 2018, respectively, is also pledged as collateral on these advances. The remaining maximum borrowing capacity by Wesbanco with the FHLB at December 31, 2019 and 2018 was estimated to be approximately $3.2 billion and $2.3 billion, respectively.

The following table presents the aggregate annual maturities and weighted-average interest rates of FHLB borrowings at December 31, 2019 based on their contractual maturity dates and interest rates (dollars in thousands):

Year	Scheduled Maturity		Weighted Average Rate
2020	$	1,055,924		2.17	%
2021		340,205		2.54	%
2022		17,940		2.91	%
2023		—		—
2024		—		—
2025 and thereafter		1,546		1.40	%
Total	$	1,415,615		2.27	%

Other short-term borrowings of $282.4 million and $290.5 million at December 31, 2019 and 2018, respectively, consist of securities sold under agreements to repurchase, federal funds purchased, and outstanding borrowings on a revolving line of credit. At December 31, 2019 and 2018, securities sold under agreements to repurchase were $274.9 million and $290.5 million, respectively, with a weighted average interest rate during the year of 2.10% and 1.74%, respectively. There were $7.5 million in federal funds purchased outstanding as of December 31, 2019. There were no federal funds purchased outstanding as of December 31, 2018.

In September 2019, Wesbanco renewed a revolving line of credit, which is a senior obligation of the parent company with another financial institution. This line of credit, which accrues interest at an adjusted LIBOR rate, provides for aggregate unsecured borrowings of up to $30.0 million. There were no outstanding balances as of either December 31, 2019 or 2018.