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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of repurchase agreements | Repurchase agreements accounted for as secured borrowings December 31, 2022 December 31, 2021 Repurchase liability Repurchase liability Repurchase weighted average Repurchase weighted average (Dollars in thousands) liability interest rate liability interest rate U.S. Treasury securities Within 30 days $ 410 4.40 % $ 19,538 0.30 % After 30 to 90 days 30,739 3.79 30,295 0.21 After 90 days 17,521 4.39 29,036 0.29 Total U.S. Treasury securities 48,670 4.01 78,869 0.26 Mortgage-backed securities Within 30 days 98,984 4.27 11,733 0.26 After 30 to 90 days 791 3.27 - - After 90 days - - 722 0.16 Total mortgage-backed securities 99,775 4.26 12,455 0.26 Collateralized mortgage obligations Within 30 days 164 4.25 279 0.25 Total collateralized mortgage obligations 164 4.25 279 0.25 Total $ 148,609 4.18 % $ 91,603 0.26 %
Schedule Of Maximum Aggregate Balance Average Aggregate Balance And Weighted Average Interest Rate [Text Block] | (Dollars in thousands) 2022 2021 Maximum aggregate balance outstanding at any month-end $ 162,450 $ 92,101 Average monthly aggregate balance outstanding $ 107,305 $ 91,394 Weighted average interest rate: For the year 2.15 % 0.35 % At December 31 4.23 % 0.26 % The following table presents additional information related to the Corporation’s other short-term borrowings for the years ended December 31, 2022 and December 31, 2021. (Dollars in thousands) 2022 2021 Maximum aggregate balance outstanding at any month-end $ 375,000 $ 75,000 Average monthly aggregate balance outstanding $ 99,083 $ 343 Weighted average interest rate: For the year 3.46 % 0.35 % At December 31 4.47 % 0.35 %
Notes payable | Notes Payable The following table presents the composition of notes payable at December 31, 2022 and December 31, 2021. (In thousands) December 31, 2022 December 31, 2021 Advances with the FHLB with maturities ranging from 2023 through 2029 paying interest at monthly fixed rates ranging from 0.39 % to 3.18 % (2021 - 0.39 % to 3.18 %) $ 389,282 $ 492,429 Unsecured senior debt securities maturing on September 2023 paying interest semiannually at a fixed rate of 6.125 %, net of debt issuance costs of $ 891 (2021 - $ 2,158 ) 299,109 297,842 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125 % to 6.564 % (2021 - 6.125 % to 6.564 %), net of debt issuance costs of $ 315 (2021 - $ 342 ) 198,319 198,292 Total notes payable $ 886,710 $ 988,563
Borrowings by contractual maturities | A breakdown of borrowings by contractual maturities at December 31, 2022 is included in the table below. Assets sold under Short-term (In thousands) agreements to repurchase borrowings Notes payable Total 2023 $ 148,609 $ 365,000 $ 342,370 $ 855,979 2024 - - 91,944 91,944 2025 - - 139,920 139,920 2026 - - 74,500 74,500 Later years - - 237,976 237,976 Total borrowings $ 148,609 $ 365,000 $ 886,710 $ 1,400,319

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