December 31,

($ in thousands)

2025

2024

Federal funds purchased:

Amount outstanding at period end

$

70,400

$

300

Average amount outstanding during period

16,879

12,935

Maximum amount at any month end during period

110,300

200,275

Weighted-average interest rate at period end

3.74

%

3.90

%

Weighted-average interest rate during period

4.84

%

5.61

%

Securities sold under agreements to repurchase:

Amount outstanding at period end

$

546,892

$

638,715

Average amount outstanding during period

613,630

639,912

Maximum amount at any month end during period

734,288

792,589

Weighted-average interest rate at period end

1.18

%

0.95

%

Weighted-average interest rate during period

1.36

%

1.65

%

FHLB borrowings:

Amount outstanding at period end

$

400,000

$

—

Average amount outstanding during period

339,044

238,593

Maximum amount at any month end during period

1,275,000

650,000

Weighted-average interest rate at period end

3.62

%

—

Weighted-average interest rate during period

4.28

%

5.48

%