Short-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2023

Short-Term Debt [Abstract]

Summary of Information Concerning Short-term Borrowings

The following table presents information concerning short-term borrowings at March 31, 2023 and December 31, 2022.

	March 31,			December 31,
($ in thousands)	2023			2022
Federal funds purchased:
Amount outstanding at period end	$	350		$	1,850
Weighted-average interest at period end		4.40	%		3.90	%
Securities sold under agreements to repurchase:
Amount outstanding at period end	$	419,147		$	444,421
Weighted-average interest at period end		0.95	%		0.53	%
FHLB borrowings:
Amount outstanding at period end	$	3,100,000		$	1,425,000
Weighted-average interest at period end		4.99	%		4.70	%

The following table presents information concerning short-term borrowings for the three months ended March 31, 2023 and 2022.

	Three Months Ended
	March 31,
($ in thousands)	2023			2022
Federal funds purchased:
Average amount outstanding during period	$	8,411		$	2,387
Maximum amount at any month end during period	$	1,850		$	2,350
Weighted-average interest rate during period		5.11	%		0.28	%
Securities sold under agreements to repurchase:
Average amount outstanding during period	$	445,773		$	587,508
Maximum amount at any month end during period	$	499,011		$	640,592
Weighted-average interest rate during period		0.69	%		0.06	%
FHLB borrowings:
Average amount outstanding during period	$	1,644,444		$	1,100,011
Maximum amount at any month end during period	$	3,100,000		$	1,100,000
Weighted-average interest rate during period		4.74	%		0.49	%