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Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2022
Short Term Borrowings [Abstract]  
Short-Term Borrowings

The following table presents information concerning short-term borrowings at and for the years ended December 31, 2022 and 2021:

 

 

December 31,

 

($ in thousands)

2022

 

2021

 

Federal funds purchased:

 

 

 

 

Amount outstanding at period end

$

1,850

 

$

1,850

 

Average amount outstanding during period

 

13,176

 

 

3,762

 

Maximum amount at any month end during period

 

2,350

 

 

4,400

 

Weighted-average interest at period end

 

3.90

%

 

0.15

%

Weighted-average interest rate during period

 

2.82

%

 

0.43

%

Securities sold under agreements to repurchase:

 

 

 

 

Amount outstanding at period end

$

444,421

 

$

563,211

 

Average amount outstanding during period

 

536,727

 

 

559,410

 

Maximum amount at any month end during period

 

640,592

 

 

643,403

 

Weighted-average interest at period end

 

0.53

%

 

0.05

%

Weighted-average interest rate during period

 

0.21

%

 

0.10

%

FHLB borrowings:

 

 

 

 

Amount outstanding at period end

$

1,425,000

 

$

1,100,000

 

Average amount outstanding during period

 

808,784

 

 

1,100,000

 

Maximum amount at any month end during period

 

1,425,000

 

 

1,100,000

 

Weighted-average interest at period end

 

4.70

%

 

0.49

%

Weighted-average interest rate during period

 

1.82

%

 

0.49

%