Wesbanco is a member of the FHLB system. Wesbanco’s FHLB borrowings, which consist of borrowings from the FHLB of Pittsburgh 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, 2020 and 2019, Wesbanco had FHLB borrowings of $0.5 billion and $1.4 billion, respectively, with a remaining weighted-average interest rate of 2.05% and 2.27%, 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 $34.0 million and $66.8 million at December 31, 2020 and 2019, respectively, is also pledged as collateral on these advances. The remaining maximum borrowing capacity by Wesbanco with the FHLB at December 31, 2020 and 2019 was estimated to be approximately $4.1 billion and $3.2 billion, respectively.

The following table presents the aggregate annual maturities and weighted-average interest rates of FHLB borrowings at December 31, 2020 based on their contractual maturity dates and interest rates (dollars in thousands):

Year	Scheduled Maturity		Weighted Average Rate
2021	$	365,002		2.44	%
2022		128,050		1.33	%
2023		55,000		1.17	%
2024		—		—
2025		882		1.45	%
2026 and thereafter		69		2.89	%
Total	$	549,003		2.05	%

Other short-term borrowings of $242.0 million and $282.4 million at December 31, 2020 and 2019, respectively, can consist in the aggregate of securities sold under agreements to repurchase, federal funds purchased, and outstanding borrowings on a revolving line of credit. At December 31, 2020 and 2019, securities sold under agreements to repurchase were $242.0 million and $274.9 million, respectively, with a weighted average interest rate during the year of 0.60% and 2.10%, respectively. There were no federal funds purchased outstanding at December 31, 2020. There were $7.5 million in federal funds purchased outstanding as of December 31, 2019, with an interest rate of 1.55%.

In August 2020, 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, 2020 or 2019.