BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

The following table provides information on subordinated debentures for the period indicated:


(In thousands)	2020		2019
Fixed to floating rate sub debt, 4.25%	$	175,000	$	175,000
WashingtonFirst sub debt, 4.81%	25,000		25,000
Revere fixed to floating rate sub debt, 5.625%	31,000		—
Total Sub debt	231,000		200,000
Less: WashingtonFirst and Revere sub debt held as investments by Sandy Spring	(3,000)		—
Add: Purchase accounting premium	1,669		1,894
Less: Debt issuance costs	(2,581)		(2,885)
Net sub debt	227,088		199,009
WashingtonFirst callable junior subordinated debt	—		10,310
Add: Purchase accounting premium	—		87
Net WashingtonFirst callable junior subordinated debt	—		10,397
Long-term borrowings	$	227,088	$	209,406

Retail Repurchase Agreements And Other Short-Term Borrowings

Information relating to retail repurchase agreements and federal funds purchased is presented in the following table at and for the years ending December 31:


	2020				2019				2018
(Dollars in thousands)	Amount		Rate		Amount		Rate		Amount		Rate
End of period:
Retail repurchase agreements	$	153,157	0.11	%	$	138,605	0.58	%	$	137,429	0.51	%
Federal funds purchased	390,000		0.10		75,000		1.62		—		—
Average for the year:
Retail repurchase agreements	$	142,283	0.32	%	$	134,070	0.54	%	$	142,938	0.34	%
Federal funds purchased	367,240		0.41		17,373		2.43		—		—
Maximum month-end balance:
Retail repurchase agreements	$	153,157			$	152,685			$	154,435
Federal funds purchased	921,289				75,000				—

Borrowings

Advances from the FHLB and the respective maturity schedule at December 31 for the years indicated consisted of the following:


	2020				2019
(Dollars in thousands)	Amounts		Weighted Average Rate		Amounts		Weighted Average Rate
Maturity:
One year	$	230,243	2.39	%	$	134,167	2.13	%
Two years	76,332		2.37		230,445		2.39
Three years	72,500		3.12		76,665		2.37
Four years	—		—		72,500		3.12
Five years	—		—		—		—
After five years	—		—		—		—
Total advances from FHLB	$	379,075	2.52		$	513,777	2.42