Short Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Short-term Debt [Abstract]

Schedule of short-term debt

Short-Term Borrowings

Short-term borrowings were as follows:

December 31 (In thousands)	2021		2020
Securities sold under agreements to repurchase	$	213,786	$	317,230
FHLB advances	25,000		25,000
Total short-term borrowings	$	238,786	$	342,230

The outstanding balances for all short-term borrowings as of December 31, 2021 and 2020 and the weighted-average interest rates as of and paid during each of the years then ended were as follows: 

(In thousands)	Repurchase agreements			FHLB Advances
2021
Ending balance	$	213,786		$	25,000
Highest month-end balance	297,118			25,000
Average daily balance	261,967			25,025
Weighted-average interest rate:
As of year-end	0.03		%	0.23		%
Paid during the year (1)	0.04		%	0.23		%
2020
Ending balance	$	317,230		$	25,000
Highest month-end balance	317,230			25,000
Average daily balance	250,266			26,751
Weighted-average interest rate:
As of year-end	0.03		%	0.26		%
Paid during the year (1)	0.19		%	0.80		%

(1)