Securities Sold Under Agreements to Repurchase (Tables)

12 Months Ended

Dec. 31, 2022

Securities Sold Under Agreements To Repurchase [Abstract]

Details of Securities Sold Under Agreements to Repurchase

Details of the Company’s securities sold under agreements to repurchase as of December 31, 2022, and December 31, 2021 were as follows:

	December 31, 2022					December 31, 2021
(dollars in thousands)	Amounts Outstanding		Weighted-Average Interest Rate		Weighted-Avg Maturity (in years)	Amounts Outstanding		Weighted-Average Interest Rate		Weighted-Avg Maturity (in years)
Securities Sold Under Agreements to Repurchase
Private Institutions	$	725,000	2.97		3.7		450,000	2.46		3.0
Government Entities	$	490	1.55	%	1.9	$	490	1.55	%	2.9
Total	$	725,490	2.96	%	3.7	$	450,490	2.46	%	3.0

Remaining Contractual Maturities of Repurchase Agreements by Class of Collateral Pledged

The following table presents the remaining contractual maturities of the Company’s repurchase agreements as of December 31, 2022, and December 31, 2021, disaggregated by the class of collateral pledged.

	Remaining Contractual Maturity of Repurchase Agreements
(dollars in thousands)	Up to 90 days		91-365 days		1-3 Years		After 3 Years		Total
December 31, 2022
Class of Collateral Pledged:
Debt Securities Issued by States and Political Subdivisions	$	—	$	—	$	—	$	490	$	490
Mortgage-Backed Securities:
Residential - Government Agencies		—		—		28,673		—		28,673
Residential - U.S. Government-Sponsored Enterprises		—		—		396,327		300,000		696,327
Total	$	—	$	—	$	425,000	$	300,490	$	725,490
December 31, 2021
Class of Collateral Pledged:
Debt Securities Issued by States and Political Subdivisions	$	—	$	—	$	—	$	490	$	490
Mortgage-Backed Securities:
Residential - Government Agencies		—		—		38,685		13,407		52,092
Residential - U.S. Government-Sponsored Enterprises		—		—		236,315		161,593		397,908
Total	$	—	$	—	$	275,000	$	175,490	$	450,490