Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of short-term borrowings

Short-term borrowings as of December 31 are summarized as follows: 

	2023		2022
Securities sold under agreements to repurchase	$	7,577	$	12,232
Federal Home Loan Bank short-term advances	300,000		700,000
Total short-term borrowings	$	307,577	$	712,232

Schedule of average balances and cost of funds of short-term borrowings

The average balances and cost of funds of short-term borrowings for the years ending December 31 are summarized as follows:

	Average Balances						Cost of Funds
	2023		2022		2021		2023		2022		2021
Federal Home Loan Bank short-term advances	$	453,630	$	175,370	$	—	4.11	%	2.52	%	—	%
Federal funds purchased	25		97		747		6.34		3.97		0.33
Securities sold under agreements to repurchase	8,037		12,217		12,662		0.98		0.36		0.29
Total short-term borrowings	$	461,692	$	187,684	$	13,409	4.05	%	2.38	%	0.29	%