Short-Term Borrowings (Tables)

6 Months Ended

Jun. 30, 2022

Short-Term Borrowings

Schedule of short-term borrowings

	June 30,		December 31,
(dollars in thousands)	2022		2021
Fed funds purchased	$	117,350	$	—
FHLB Short-term advances		125,000		—
Total	$	242,350	$	—

Schedule of additional information related to short term borrowings

	Three months ended
	June 30,
(dollars in thousands)	2022			2021
Fed funds purchased
Balance as of end of period	$	117,350		$	—
Average daily balance		81,506			—
Maximum month-end balance		117,350			—
Weighted-average rate
During period		1.18	%		—	%
End of period		1.44	%		—	%
FHLB Short-term advances
Balance as of end of period	$	125,000		$	—
Average daily balance		9,615			—
Maximum month-end balance		125,000			—
Weighted-average rate
During period		1.59	%		—	%
End of period		1.80	%		—	%

	Six months ended
	June 30,
(dollars in thousands)	2022			2021
Fed funds purchased
Balance as of end of period	$	117,350		$	—
Average daily balance		40,978			—
Maximum month-end balance		117,350			—
Weighted-average rate
During period		1.18	%		—	%
End of period		1.44	%		—	%
FHLB Short-term advances
Balance as of end of period	$	125,000		$	—
Average daily balance		4,834			—
Maximum month-end balance		125,000			—
Weighted-average rate
During period		1.59	%		—	%
End of period		1.80	%		—	%