Short-term Borrowings

12 Months Ended

Dec. 31, 2025

Short-Term Debt [Abstract]

Short-term Borrowings

Short-term Borrowings

Short-term borrowings at December 31 were as follows:

	2025						2024						2023
	Ending Balance		Average Balance		Average Rate		Ending Balance		Average Balance		Average Rate		Ending Balance		Average Balance		Average Rate
	(dollars in thousands)
Federal funds purchased	$	—	$	—	—	%	$	—	$	35	5.71	%	$	—	$	712	5.62	%
FRB Term Funding Program	—		—		—		—		383,131		4.77		—		—		—
Borrowings from FHLB	125,000		64,647		4.71		55,000		31,869		5.58		563,000		379,712		5.56
Securities sold under agreements to repurchase	22,966		30,675		1.47		25,139		29,418		1.25		34,835		59,132		1.01
Total	$	147,966	$	95,322	3.67		$	80,139	$	444,453	4.60		$	597,835	$	439,556	4.95
Maximum total at any month-end	$	225,874					$	653,110					$	597,835
Weighted average rate at year-end					3.57	%					3.71	%					5.37	%

Interest expense on short-term borrowings for the years ended December 31 is detailed below:

	2025		2024		2023
	(dollars in thousands)
Federal funds purchased	$	—	$	2	$	40
FRB Term Funding Program	—		18,292		—
Borrowings from FHLB	3,042		1,777		21,108
Securities sold under agreements to repurchase	452		368		599
Total interest on short-term borrowings	$	3,494	$	20,439	$	21,747