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Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Short-Term Debt [Abstract]

Summary of Short-Term Borrowings

Short-term borrowings at December 31 were as follows:


			2023																		2022																		2021
			Ending Balance						Average Balance						Average Rate						Ending Balance						Average Balance						Average Rate						Ending Balance						Average Balance						Average Rate
			(dollars in thousands)
Federal funds purchased			$	—					$	712					5.62		%				$	—					$	1,553					3.93		%				$	—					$	—					—		%
Borrowings from FHLB			563,000						379,712						5.56						285,000						41,529						4.24						—						—						—
Securities sold under agreements to repurchase			34,835						59,132						1.01						87,694						101,752						0.18						138,315						119,801						0.08

Total			$	597,835					$	439,556					4.95						$	372,694					$	144,834					1.38						$	138,315					$	119,801					0.08
Maximum total at any month-end			$	597,835																	$	372,694																	$	138,315
Weighted average rate at year-end															5.37		%																3.56		%																0.06		%

Interest Expense on Short-Term Borrowings

Interest expense on short-term borrowings for the years ended December 31 is detailed below:


			2023						2022						2021
			(dollars in thousands)
Federal funds purchased			$	40					$	61					$	—
Borrowings from FHLB			21,108						1,759						—
Securities sold under agreements to repurchase			599						179						99
Total interest on short-term borrowings			$	21,747					$	1,999					$	99