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Short-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Short-Term Debt [Abstract] |
Summary Of Short-Term Borrowings | A summary of the Company's borrowings is as follows (dollars in thousands):
| 2024 | 2023 | 2022
Balance at end of year: |  |  |
Securities sold under agreements to repurchase | $ | 325,655 |  | $ | 309,856 |  | $ | 290,964 |
FHLB short-term advances | — |  | 25,000 |  | — |
Weighted-average interest rate at end of year: |  |  |
Securities sold under agreements to repurchase | 4.74 | % | 3.86 | % | 0.76 | %
FHLB short-term advances | — |  | 5.63 |  | — |
Average balance outstanding during the year: |  |  |
Securities sold under agreements to repurchase | $ | 336,447 |  | $ | 289,480 |  | $ | 284,570 |
FHLB short-term advances | 908 |  | 847 |  | 3 |
Federal Funds purchased | 13 |  | 113 |  | 38 |
Weighted-average interest rate during the year: |  |  |
Securities sold under agreements to repurchase | 4.59 | % | 4.13 | % | 0.78 | %
FHLB short-term advances | 5.74 |  | 5.76 |  | 0.26 |
Federal Funds purchased | 4.66 |  | 5.74 |  | 0.25 |
Federal Home Loan Bank, Advance, Branch of FHLBank | The Company's long-term collateralized advances from the FHLB and related weighted-average interest rates are as follows (dollars in thousands):
| 2024 | 2023
Balance at end of year: |  |
FHLB long-term advances | $ | 150,000 |  | $ | 100,000 |
Weighted-average interest rate at end of year: |  |
FHLB long-term advances | 4.14 | % | 4.01 | %
Contractual Obligation, Fiscal Year Maturity | As of December 31, 2024, the maturities of the FHLB long-term advances are as follows (in thousands):
2025 | $ | — |
2026 | — |
2027 | 50,000 |
2028 | 50,000 |
2029 and thereafter | 50,000 |
| $ | 150,000 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Subparagraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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- Definition Tabular disclosure of advance from Federal Home Loan Bank (FHLBank). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 + Details
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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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -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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