XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.2

Short-Term Borrowings (Tables)

6 Months Ended

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	%

X

- 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

Name:	us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ShortTermBorrowingsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration