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Repurchase Agreements Accounted for as Secured Borrowings
3 Months Ended
Mar. 31, 2021
Transfers and Servicing [Abstract]  
Repurchase Agreements Accounted for as Secured Borrowings Repurchase Agreements Accounted for as Secured BorrowingsRepurchase agreements are short-term borrowings included in FHLB Advances and Other Borrowings and mature overnight and continuously. Repurchase agreements, which were secured by mortgage-backed securities, totaled $39,863 and $52,904 as of March 31, 2021 and December 31, 2020, respectively. Risk could arise when the collateral pledged to a repurchase agreement declines in fair value. The Company minimizes risk by consistently monitoring the value of the collateral pledged. At the point in time where the collateral has declined in fair value, the Company is required to provide additional collateral based on the value of the underlying securities.