Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2024

Short-Term Borrowings

Schedule of short-term borrowings

(dollars in thousands)	September 30, 2024		December 31, 2023
Short-term FHLB fixed-rate advances(1)	$	250,000	$	500,000
Total short-term borrowings	$	250,000	$	500,000

(1) Interest is payable monthly.

Schedule of selected information for short-term borrowings

	Nine Months Ended September 30,
(dollars in thousands)	2024			2023
Federal funds purchased:
Weighted-average interest rate at September 30,		—	%		—	%
Highest month-end balance	$	—		$	150,000
Average outstanding balance	$	—		$	23,059
Weighted-average interest rate paid		—	%		4.45	%
Short-term FHLB repo advance:
Weighted-average interest rate at September 30,		—	%		—	%
Highest month-end balance	$	—		$	400,000
Average outstanding balance	$	—		$	156,319
Weighted-average interest rate paid		—	%		5.25	%
Short-term FHLB fixed-rate advances:
Weighted-average interest rate at September 30,		4.16	%		4.71	%
Highest month-end balance	$	500,000		$	500,000
Average outstanding balance	$	483,577		$	20,147
Weighted-average interest rate paid		4.78	%		4.34	%