December 31,

($ in thousands)

2024

2023

Federal funds purchased:

Amount outstanding at period end

$

300

$

350

Average amount outstanding during period

12,935

7,525

Maximum amount at any month end during period

200,275

100,350

Weighted-average interest rate at period end

3.90

%

4.90

%

Weighted-average interest rate during period

5.61

%

5.70

%

Securities sold under agreements to repurchase:

Amount outstanding at period end

$

638,715

$

454,479

Average amount outstanding during period

639,912

513,306

Maximum amount at any month end during period

792,589

625,773

Weighted-average interest rate at period end

0.95

%

1.16

%

Weighted-average interest rate during period

1.65

%

1.36

%

FHLB borrowings:

Amount outstanding at period end

$

—

$

700,000

Average amount outstanding during period

238,593

1,172,603

Maximum amount at any month end during period

650,000

3,100,000

Weighted-average interest rate at period end

0.00

%

5.58

%

Weighted-average interest rate during period

5.48

%

5.05

%