Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Short-Term Borrowings

Schedule of short-term borrowings

	September 30,		December 31,
(dollars in thousands)	2022		2021
Fed funds purchased	$	53,830	$	—
FHLB Short-term advances		200,000		—
Total	$	253,830	$	—

Schedule of additional information related to short term borrowings

	Three months ended
	September 30,
(dollars in thousands)	2022			2021
Fed funds purchased
Balance as of end of period	$	53,830		$	—
Average daily balance		84,149			10
Maximum month-end balance		78,015			—
Weighted-average rate
During period		3.71	%		—	%
End of period		3.25	%		—	%
FHLB Short-term advances
Balance as of end of period	$	200,000		$	—
Average daily balance		168,750			—
Maximum month-end balance		200,000			—
Weighted-average rate
During period		1.71	%		—	%
End of period		3.20	%		—	%

	Nine months ended
	September 30,
(dollars in thousands)	2022			2021
Fed funds purchased
Balance as of end of period	$	53,830		$	—
Average daily balance		55,527			3
Maximum month-end balance		117,350			—
Weighted-average rate
During period		2.47	%		—	%
End of period		3.25	%		—	%
FHLB Short-term advances
Balance as of end of period	$	200,000		$	—
Average daily balance		60,073			—
Maximum month-end balance		200,000			—
Weighted-average rate
During period		1.71	%		—	%
End of period		3.20	%		—	%