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v3.23.3

Short-Term Borrowings | 9 Months Ended
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Sep. 30, 2023
Short-Term Borrowings |
Short-Term Borrowings | NOTE 9 Short-Term Borrowings Short-term borrowings at September 30, 2023 and December 31, 2022 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
(dollars in thousands) |  | 2023 |  | 2022
Fed funds purchased | ​ | $ | 315,470 | ​ | $ | 153,080
FHLB short-term advances | ​ |  | 200,000 | ​ |  | 225,000
Total | ​ | $ | 515,470 | ​ | $ | 378,080
​ The following table presents information related to short-term borrowings for the three and nine months ended September 30, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | September 30, | ​
(dollars in thousands) |  | 2023 |  | 2022 | ​
Fed funds purchased |  | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | 315,470 | ​ | $ | 53,830 | ​
Average daily balance | ​ | ​ | 312,121 | ​ | ​ | 84,149 | ​
Maximum month-end balance | ​ | ​ | 315,470 | ​ | ​ | 78,015 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 5.50 | % | ​ | 3.71 | %
End of period | ​ | ​ | 5.53 | % | ​ | 3.25 | %
FHLB short-term advances | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | 200,000 | ​ | $ | 200,000 | ​
Average daily balance | ​ | ​ | 173,913 | ​ | ​ | 168,750 | ​
Maximum month-end balance | ​ | ​ | 200,000 | ​ | ​ | 200,000 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 5.46 | % | ​ | 1.71 | %
End of period | ​ | ​ | 5.50 | % | ​ | 3.20 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended | ​
​ | ​ | September 30, | ​
(dollars in thousands) |  | 2023 |  | 2022 | ​
Fed funds purchased |  | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | 315,470 | ​ | $ | 53,830 | ​
Average daily balance | ​ | ​ | 320,861 | ​ | ​ | 55,527 | ​
Maximum month-end balance | ​ | ​ | 492,060 | ​ | ​ | 117,350 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 5.23 | % | ​ | 2.47 | %
End of period | ​ | ​ | 5.53 | % | ​ | 3.25 | %
FHLB short-term advances | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance as of end of period | ​ | $ | 200,000 | ​ | $ | 200,000 | ​
Average daily balance | ​ | ​ | 84,982 | ​ | ​ | 60,073 | ​
Maximum month-end balance | ​ | ​ | 225,000 | ​ | ​ | 200,000 | ​
Weighted-average rate | ​ | ​ | ​ | ​ | ​ | ​ | ​
During period | ​ | ​ | 5.22 | % | ​ | 1.71 | %
End of period | ​ | ​ | 5.50 | % | ​ | 3.20 | %
​

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