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Short-term Borrowings | 12 Months Ended
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Dec. 31, 2022
Short-Term Debt [Abstract] |
Short-term Borrowings | Short-term Borrowings Short-term borrowings at December 31 were as follows:
| 2022 |  | 2021 |  | 2020
| Ending Balance |  | Average Balance |  | Average Rate |  | Ending Balance |  | Average Balance |  | Average Rate |  | Ending Balance |  | Average Balance |  | Average Rate
| (dollars in thousands)
Federal funds purchased | $ | — |  |  | $ | 1,553 |  |  | 3.93 | % |  | $ | — |  |  | $ | — |  |  | — | % |  | $ | — |  |  | $ | 4,147 |  |  | 1.06 | %
Borrowings from FHLB | 285,000 |  |  | 41,529 |  |  | 4.24 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,252 |  |  | 1.54 |
Securities sold under agreements to repurchase | 87,694 |  |  | 101,752 |  |  | 0.18 |  |  | 138,315 |  |  | 119,801 |  |  | 0.08 |  |  | 117,373 |  |  | 110,235 |  |  | 0.21 |
Total | $ | 372,694 |  |  | $ | 144,834 |  |  | 1.38 |  |  | $ | 138,315 |  |  | $ | 119,801 |  |  | 0.08 |  |  | $ | 117,373 |  |  | $ | 142,634 |  |  | 0.49 |
Maximum total at any month-end | $ | 372,694 |  |  |  |  |  |  | $ | 138,315 |  |  |  |  |  |  | $ | 248,471 |  |  |  |  |
Weighted average rate at year-end |  |  |  |  | 3.56 | % |  |  |  |  |  | 0.06 | % |  |  |  |  |  | 0.10 | %
Interest expense on short-term borrowings for the years ended December 31 is detailed below:
| 2022 |  | 2021 |  | 2020
| (dollars in thousands)
Federal funds purchased | $ | 61 |  |  | $ | — |  |  | $ | 44 |
Borrowings from FHLB | 1,759 |  |  | — |  |  | 434 |
Securities sold under agreements to repurchase | 179 |  |  | 99 |  |  | 226 |
Total interest on short-term borrowings | $ | 1,999 |  |  | $ | 99 |  |  | $ | 704 |

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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