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Short-Term Borrowings | 3 Months Ended
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Mar. 31, 2024
Short-Term Borrowings |
Short-Term Borrowings | NOTE 9 Short-Term Borrowings Short-term borrowings at March 31, 2024 and December 31, 2023 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
(dollars in thousands) |  | 2024 |  | 2023
Fed funds purchased | ​ | $ | — | ​ | $ | 114,170
Bank Term Funding Program (1) | ​ | ​ | 355,000 | ​ | ​ | —
FHLB short-term advances | ​ |  | 200,000 | ​ |  | 200,000
Total | ​ | $ | 555,000 | ​ | $ | 314,170
(1) | In the first quarter of 2024, the Company borrowed $355.0 million from the Bank Term Funding Program, or BTFP, for a period of up to one year at a fixed rate of 4.88%. Under the program, the Company may prepay this borrowing at any time without penalty and the borrowing is secured by the Company’s pledged collateral of investment securities.

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