Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2023

Short-Term Debt [Abstract]

Summary of Information Concerning Short-term Borrowings

The following table presents information concerning short-term borrowings at September 30, 2023 and December 31, 2022.

	September 30,			December 31,
($ in thousands)	2023			2022
Federal funds purchased:
Amount outstanding at period end	$	350		$	1,850
Weighted-average interest at period end		4.90	%		3.90	%
Securities sold under agreements to repurchase:
Amount outstanding at period end	$	525,578		$	444,421
Weighted-average interest at period end		1.46	%		0.53	%
FHLB borrowings:
Amount outstanding at period end	$	900,000		$	1,425,000
Weighted-average interest at period end		5.45	%		4.70	%

The following table presents information concerning short-term borrowings for the three and nine months ended September 30, 2023 and 2022.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
($ in thousands)	2023			2022			2023			2022
Federal funds purchased:
Average amount outstanding during period	$	7,665		$	28,861		$	5,785		$	11,425
Maximum amount at any month end during period	$	350		$	1,850		$	1,850		$	2,350
Weighted-average interest rate during period		6.16	%		2.59	%		5.58	%		2.29	%
Securities sold under agreements to repurchase:
Average amount outstanding during period	$	538,167		$	516,546		$	494,298		$	542,105
Maximum amount at any month end during period	$	525,578		$	541,131		$	625,773		$	640,592
Weighted-average interest rate during period		1.64	%		0.13	%		1.27	%		0.09	%
FHLB borrowings:
Average amount outstanding during period	$	765,217		$	405,163		$	1,429,121		$	731,982
Maximum amount at any month end during period	$	900,000		$	1,000,000		$	3,100,000		$	1,100,000
Weighted-average interest rate during period		5.39	%		2.34	%		5.01	%		0.84	%