v3.26.1
Repurchase Agreements and Other Borrowings (Tables)
6 Months Ended
Jun. 30, 2026
Repurchase Agreements And Other Borrowings [Abstract]  
Schedule of Securities Financing Transactions

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

 

 

 

June 30, 2026

 

 

December 31, 2025

 

US Treasury securities and obligations of U.S. government corporations and agencies

 

$

60,567

 

 

$

55,863

 

Mortgage-backed securities (1)

 

 

136,424

 

 

 

140,853

 

Total

 

$

196,991

 

 

$

196,716

 

 

 

 

 

 

 

 

(1) Mortgage-backed securities include mortgage-backed securities (MBS) and collateralized mortgage obligation (CMO) issues from the following government sponsored enterprises: FHLMC, FNMA, GNMA and FHLB.

 

Federal Home Loan Bank, Advances

FHLB advances represent borrowings by First Mid Bank to fund loan demand. Advances were $170.0 million and $270.0 million at June 30, 2026 and December 31, 2025, respectively. At June 30, 2026, the advances were as follows:

 

Advance

 

 

Term (in years)

 

Interest Rate

 

Maturity Date

$

25,000,000

 

 

3.0

 

4.37%

 

May 10, 2027

 

25,000,000

 

 

5.0

 

3.95%

 

June 29, 2028

 

25,000,000

 

 

5.0

 

3.93%

 

June 27, 2029

 

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

 

 

5.0

 

3.46%

 

February 7, 2030

 

50,000,000

 

 

10.0

 

3.03%

 

May 27, 2036

$

170,000,000