BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing

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

(In thousands)	2021		2020
Fixed to floating rate sub debt, 4.25%	$	175,000	$	175,000
WashingtonFirst sub debt	—		25,000
Revere fixed to floating rate sub debt	—		31,000
Total subordinated debt	175,000		231,000
Less: Subordinated debt held as investments by Sandy Spring	—		(3,000)
Add: Purchase accounting premium	—		1,669
Less: Debt issuance costs	(2,288)		(2,581)
Net subordinated debt	172,712		227,088
Long-term borrowings	$	172,712	$	227,088

Retail Repurchase Agreements and Federal Funds Purchased

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

	2021				2020
(Dollars in thousands)	Amount		Rate		Amount		Rate
End of period:
Retail repurchase agreements	$	141,086	0.12	%	$	153,157	0.11	%
Federal funds purchased	—		—		390,000		0.10
Average for the year:
Retail repurchase agreements	$	143,734	0.12	%	$	142,283	0.32	%
Federal funds purchased	15,154		0.08		367,240		0.41
Maximum month-end balance:
Retail repurchase agreements	$	154,413			$	153,157
Federal funds purchased	60,000				921,289

Advances from the FHLB and the Respective Maturity Schedule

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

	2021				2020
(Dollars in thousands)	Amounts		Weighted Average Rate		Amounts		Weighted Average Rate
Maturity:
One year	$	—	—	%	$	230,243	2.39	%
Two years	—		—		76,332		2.37
Three years	—		—		72,500		3.12
Four years	—		—		—		—
Five years	—		—		—		—
After five years	—		—		—		—
Total advances from FHLB	$	—	—		$	379,075	2.52