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Short-Term Borrowings | 6 Months Ended
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Jun. 30, 2024
Short-Term Borrowings [Abstract] |
Short-Term Borrowings |
7. | Short-Term Borrowings
In addition to the liquidity provided by balance sheet cash flows, liquidity must also be supplemented with additional sources such as credit lines from correspondent banks as well as borrowings from the FHLB and the Federal Reserve Bank. Other funding alternatives may also be appropriate from time to time, including wholesale and retail repurchase agreements and brokered CD accounts. Information related to short-term borrowings is summarized as follows:
(In thousands) |  | June 30, 2024 |  |  | December 31, 2023 |
Federal funds purchased |  | $ | 15,000 |  |  | $ | - |
Securities sold under repurchase agreements |  |  | 95,703 |  |  |  | 93,651 |
Other short-term borrowings |  |  | 114,000 |  |  |  | 293,000 |
Total short-term borrowings |  | $ | 224,703 |  |  | $ | 386,651 |
See Note 4 for additional information regarding securities pledged as collateral for securities sold under the repurchase agreements.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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