Repurchase Agreements and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Repurchase Agreements And Other Borrowings [Abstract]

Schedule of Borrowings

As of December 31, 2022 and 2021 borrowings consisted of the following (in thousands):

	2022		2021
Securities sold under agreements to repurchase	$	221,414	$	146,268
Federal Home Loan Bank-overnight		65,000		—
Federal Home Loan Bank (FHLB) fixed-term advances		400,071		86,446
Subordinated debt		94,553		94,400
Junior subordinated debentures		19,364		19,195
Total	$	800,402	$	346,309

Aggregate Annual Maturities of Long-Term Borrowings

Aggregate annual maturities of FHLB advances and debt (excluding unamortized discounts and premiums) at December 31, 2022 are (in thousands):

			Subordinated			Jr. Subordinated
	FHLB		Debt			Debentures
2023	$	175,000	$	—		$	—
2024		60,000		—			—
2025		9,747		—			4,124
2026		150,000		—			—
2027		—		—			—
Thereafter		70,000		96,000			16,496
		464,747		96,000			20,620
Unamortized discount		324		(1,447	)		(1,256	)
	$	465,071	$	94,553		$	19,364

Federal Home Loan Bank, Advances

FHLB advances represent borrowings by First Mid Bank to fund loan demand. At December 31, 2022 the advances totaling $464.7 million were as follows:

Advance	Term (in years)	Interest Rate	Maturity Date
$5,000,000	8.0	2.40%	January 9, 2023
35,000,000	0.5	4.22%	March 31, 2023
5,000,000	4.0	2.44%	May 30, 2023
5,000,000	1.0	2.00%	May 31, 2023
25,000,000	0.75	4.34%	June 30, 2023
5,000,000	3.5	1.51%	July 31, 2023
5,000,000	3.5	0.77%	September 11, 2023
10,000,000	5.0	1.45%	December 31, 2024
5,000,000	5.0	0.91%	March 10, 2025
4,746,475	10.0	2.64%	December 23, 2025
5,000,000	10.0	1.15%	October 3, 2029
5,000,000	10.0	1.12%	October 3, 2029
10,000,000	10.0	1.39%	December 31, 2029
25,000,000	1.0	4.81%	November 10, 2023
25,000,000	1.5	4.69%	May 10, 2024
25,000,000	2.0	4.59%	November 8, 2024
50,000,000	4.0	2.98%	December 8, 2027
50,000,000	4.0	3.49%	December 8, 2027
50,000,000	4.0	3.28%	December 8, 2027
50,000,000	10.0	2.77%	December 13, 2032
65,000,000	overnight	4.31%	January 1, 2023

Securities Underlying the Repurchase Agreements

(In thousands)	2022		2021		2020
Securities sold under agreements to repurchase:
Maximum outstanding at any month-end	$	257,061	$	212,503	$	350,288
Average amount outstanding for the year		202,242		173,762		219,298

Schedule of Securities Financing Transactions

Repurchase agreements by class of collateral pledged are as follows (in thousands):

	December 31, 2022		December 31, 2021
US Treasury securities and obligations of U.S. government corporations and agencies	$	47,775	$	53,782
Mortgage-backed securities: GSE: residential		173,639		92,486
Total	$	221,414	$	146,268