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v3.23.2

Short-Term Borrowings | 6 Months Ended
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Jun. 30, 2023
Short-Term Borrowings |
Short-Term Borrowings | NOTE 9 Short-Term Borrowings Short-term borrowings at June 30, 2023 and December 31, 2022 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(dollars in thousands) |  | 2023 |  | 2022
Fed funds purchased | ​ | $ | 492,060 | ​ | $ | 153,080
FHLB short-term advances | ​ |  | — | ​ |  | 225,000
Total | ​ | $ | 492,060 | ​ | $ | 378,080
​ The following table presents information related to short-term borrowings for the three and six months ended June 30, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | June 30, | ​
(dollars in thousands) |  | 2023 |  | 2022 | ​
Fed funds purchased |  | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | 492,060 | ​ | $ | 117,350 | ​
Average daily balance | ​ | ​ | 360,033 | ​ | ​ | 81,506 | ​
Maximum month-end balance | ​ | ​ | 492,060 | ​ | ​ | 117,350 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 5.31 | % | ​ | 1.18 | %
End of period | ​ | ​ | 5.35 | % | ​ | 1.44 | %
FHLB short-term advances | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | — | ​ | $ | 125,000 | ​
Average daily balance | ​ | ​ | — | ​ | ​ | 9,615 | ​
Maximum month-end balance | ​ | ​ | — | ​ | ​ | 125,000 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | N/A | % | ​ | 1.59 | %
End of period | ​ | ​ | N/A | % | ​ | 1.80 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​
​ | ​ | June 30, | ​
(dollars in thousands) |  | 2023 |  | 2022 | ​
Fed funds purchased |  | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | 492,060 | ​ | $ | 117,350 | ​
Average daily balance | ​ | ​ | 325,303 | ​ | ​ | 40,978 | ​
Maximum month-end balance | ​ | ​ | 492,060 | ​ | ​ | 117,350 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 5.10 | % | ​ | 1.18 | %
End of period | ​ | ​ | 5.35 | % | ​ | 1.44 | %
FHLB short-term advances | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | — | ​ | $ | 125,000 | ​
Average daily balance | ​ | ​ | 39,779 | ​ | ​ | 4,834 | ​
Maximum month-end balance | ​ | ​ | 225,000 | ​ | ​ | 125,000 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 4.69 | % | ​ | 1.59 | %
End of period | ​ | ​ | N/A | % | ​ | 1.80 | %
​

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