XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.23.3

Short-Term and Other Borrowings (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Summary of Federal Funds Purchased, Securities Sold Under Agreements to Repurchase and Other Short-term Borrowings | Short-term and other borrowings, which consist of federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings, are summarized as follows:
|  | At September 30, 2023 |  |  | At December 31, 2022 |
|  | Federal Funds Purchased |  |  | Short-term Borrowings |  |  | Federal Funds Purchased |  |  | Short-term Borrowings |
Outstanding balance |  | $ | — |  |  | $ | 431,500 |  |  | $ | — |  |  | $ | 393,700 |
Interest rate on balance |  |  | — |  |  |  | 5.45 | % |  |  | — |  |  |  | 4.24 | %
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2023 |  |  | 2022 |  |  | 2022 |  |  | 2023 |  |  | 2023 |  |  | 2022 |  |  | 2022 |
|  | Federal Funds Purchased |  |  | Short-term Borrowings |  |  | Federal Funds Purchased |  |  | Short-term Borrowings |  |  | Federal Funds Purchased |  |  | Short-term Borrowings |  |  | Federal Funds Purchased |  |  | Short-term Borrowings |
Maximum indebtedness |  | $ | — |  |  | $ | 431,500 |  |  | $ | — |  |  | $ | 56,000 |  |  | $ | — |  |  | $ | 540,000 |  |  | $ | — |  |  | $ | 56,000 |
Average balance |  |  | — |  |  |  | 233,547 |  |  |  | — |  |  |  | 6,713 |  |  |  | — |  |  |  | 282,214 |  |  |  | — |  |  |  | 2,380 |
Average rate paid |  |  | — |  |  |  | 5.51 | % |  |  | — |  |  |  | 2.84 | % |  |  | — |  |  |  | 5.03 | % |  |  | — |  |  |  | 2.75 | %
Summary of Securities Pledged as Collateral Under Repurchase Agreements | The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of September 30, 2023 and December 31, 2022. All of the repurchase agreements are overnight agreements. As of July 2023, the Company no longer offers repurchase agreements.
|  | September 30, 2023 |  |  | December 31, 2022 |
Securities pledged for repurchase agreements: |  |  |  |  |  |
U.S. Treasury securities |  | $ | — |  |  | $ | 25,143 |
Obligations of U.S. government agencies |  |  | — |  |  |  | — |
Total securities pledged |  | $ | — |  |  | $ | 25,143 |
Gross amount of recognized liabilities for repurchase agreements |  | $ | — |  |  | $ | 25,143 |
Amounts related to agreements not included in offsetting disclosures above |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration