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Short-Term Borrowings (Tables) | 6 Months Ended
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Jun. 30, 2023
Short-Term Debt [Abstract] |
Summary of Information Concerning Short-term Borrowings | The following table presents information concerning short-term borrowings at June 30, 2023 and December 31, 2022.
|  | June 30, |  |  | December 31, |
($ in thousands) |  | 2023 |  |  | 2022 |
Federal funds purchased: |  |  |  |  |  |  |  |
Amount outstanding at period end |  | $ |  | 400 |  |  | $ |  | 1,850 |
Weighted-average interest at period end |  |  |  | 4.65 | % |  |  |  | 3.90 | %
Securities sold under agreements to repurchase: |  |  |  |  |  |  |  |
Amount outstanding at period end |  | $ |  | 529,138 |  |  | $ |  | 444,421 |
Weighted-average interest at period end |  |  |  | 1.25 | % |  |  |  | 0.53 | %
FHLB borrowings: |  |  |  |  |  |  |  |
Amount outstanding at period end |  | $ |  | 1,100,000 |  |  | $ |  | 1,425,000 |
Weighted-average interest at period end |  |  |  | 5.13 | % |  |  |  | 4.70 | %
The following table presents information concerning short-term borrowings for the three and six months ended June 30, 2023 and 2022.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
($ in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Federal funds purchased: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average amount outstanding during period |  | $ |  | 1,287 |  |  | $ |  | 2,735 |  |  | $ |  | 4,829 |  |  | $ |  | 2,562 |
Maximum amount at any month end during period |  | $ |  | 400 |  |  | $ |  | 2,350 |  |  | $ |  | 1,850 |  |  | $ |  | 2,350 |
Weighted-average interest rate during period |  |  |  | 5.17 | % |  |  |  | 0.82 | % |  |  |  | 5.12 | % |  |  |  | 0.57 | %
Securities sold under agreements to repurchase: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average amount outstanding during period |  | $ |  | 497,940 |  |  | $ |  | 523,041 |  |  | $ |  | 472,001 |  |  | $ |  | 555,096 |
Maximum amount at any month end during period |  | $ |  | 625,773 |  |  | $ |  | 518,014 |  |  | $ |  | 625,773 |  |  | $ |  | 640,592 |
Weighted-average interest rate during period |  |  |  | 1.38 | % |  |  |  | 0.08 | % |  |  |  | 1.05 | % |  |  |  | 0.07 | %
FHLB borrowings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Average amount outstanding during period |  | $ |  | 1,887,363 |  |  | $ |  | 698,407 |  |  | $ |  | 1,766,575 |  |  | $ |  | 898,099 |
Maximum amount at any month end during period |  | $ |  | 3,000,000 |  |  | $ |  | 1,100,000 |  |  | $ |  | 3,100,000 |  |  | $ |  | 1,100,000 |
Weighted-average interest rate during period |  |  |  | 5.10 | % |  |  |  | 0.49 | % |  |  |  | 4.93 | % |  |  |  | 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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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Period Type: | duration

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- References No definition available. + Details
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Period Type: | duration