Short-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Short-Term Borrowings

Schedule of short-term borrowings

(dollars in thousands)	March 31, 2024		December 31, 2023
Short-term FHLB fixed-rate advances(1)	$	500,000	$	500,000
Total short-term borrowings	$	500,000	$	500,000

(1) Interest is payable monthly.

Schedule of selected information for short-term borrowings

	Three Months Ended March 31,
(dollars in thousands)	2024			2023
Federal funds purchased:
Weighted-average interest rate at March 31,		—	%		—	%
Highest month-end balance	$	—		$	150,000
Average outstanding balance	$	—		$	67,056
Weighted-average interest rate paid		—	%		4.43	%
Short-term FHLB repo advance:
Weighted-average interest rate at March 31,		—	%		5.00	%
Highest month-end balance	$	—		$	250,000
Average outstanding balance	$	—		$	52,778
Weighted-average interest rate paid		—	%		5.02	%
Short-term FHLB fixed-rate advances:
Weighted-average interest rate at March 31,		4.71	%		—	%
Highest month-end balance	$	500,000		$	—
Average outstanding balance	$	500,000		$	—
Weighted-average interest rate paid		4.79	%		—	%