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v3.22.2.2

Short-Term Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2022
Short-Term Debt [Abstract] |
Summary of Information Concerning Short-term Borrowings | The following table presents information concerning short-term borrowings at September 30, 2022 and December 31, 2021.
|  | September 30, |  |  | December 31, |
(in thousands) |  | 2022 |  |  | 2021 |
Federal funds purchased: |  |  |  |  |  |  |  |
Amount outstanding at period end |  | $ |  | 1,850 |  |  | $ |  | 1,850 |
Weighted-average interest at period end |  |  |  | 2.65 | % |  |  |  | 0.15 | %
Securities sold under agreements to repurchase: |  |  |  |  |  |  |  |
Amount outstanding at period end |  | $ |  | 541,131 |  |  | $ |  | 563,211 |
Weighted-average interest at period end |  |  |  | 0.16 | % |  |  |  | 0.05 | %
FHLB borrowings: |  |  |  |  |  |  |  |
Amount outstanding at period end |  | $ |  | 1,000,000 |  |  | $ |  | 1,100,000 |
Weighted-average interest at period end |  |  |  | 3.15 | % |  |  |  | 0.49 | %
The following table presents information concerning short-term borrowings for the three and nine months ended September 30, 2022 and 2021.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Federal funds purchased: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average amount outstanding during period |  | $ |  | 28,861 |  |  | $ |  | 3,283 |  |  | $ |  | 11,425 |  |  | $ |  | 4,284 |
Maximum amount at any month end during period |  | $ |  | 1,850 |  |  | $ |  | 4,300 |  |  | $ |  | 2,350 |  |  | $ |  | 4,400 |
Weighted-average interest rate during period |  |  |  | 2.59 | % |  |  |  | 0.23 | % |  |  |  | 2.29 | % |  |  |  | 0.46 | %
Securities sold under agreements to repurchase: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average amount outstanding during period |  | $ |  | 516,546 |  |  | $ |  | 508,969 |  |  | $ |  | 542,105 |  |  | $ |  | 549,315 |
Maximum amount at any month end during period |  | $ |  | 541,131 |  |  | $ |  | 643,403 |  |  | $ |  | 640,592 |  |  | $ |  | 643,403 |
Weighted-average interest rate during period |  |  |  | 0.13 | % |  |  |  | 0.08 | % |  |  |  | 0.09 | % |  |  |  | 0.12 | %
FHLB borrowings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average amount outstanding during period |  | $ |  | 405,163 |  |  | $ |  | 1,100,000 |  |  | $ |  | 731,982 |  |  | $ |  | 1,100,000 |
Maximum amount at any month end during period |  | $ |  | 1,000,000 |  |  | $ |  | 1,100,000 |  |  | $ |  | 1,100,000 |  |  | $ |  | 1,100,000 |
Weighted-average interest rate during period |  |  |  | 2.34 | % |  |  |  | 0.49 | % |  |  |  | 0.84 | % |  |  |  | 0.49 | %

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- References No definition available. + Details
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