Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Borrowings by Type

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less.

    

	Balance at End of Year		Weighted Average Interest Rate		Maximum Amount Outstanding at Month End During the Year		Average Amount Outstanding During the Year		Weighted Average Interest Rate During the Year
(Dollars in thousands)
2023
Short-term borrowings:
FHLB borrowings	$	—	—	%	$	265,400	$	75,685	5.23	%
Federal funds purchased	—		—		125,000		58,926		5.31
Customer repurchase agreements	6,306		0.05		21,181		14,165		0.05
Long-term debt:
FHLB advances	$	310,000	3.73	%	$	320,000	$	263,877	3.59	%
Subordinated notes	148,761		6.08		148,761		148,507		6.14
2022
Short-term borrowings:
FHLB borrowings	$	125,000	4.45	%	$	125,000	$	20,397	3.12	%
Federal funds purchased	60,000		4.63		70,000		23,091		3.22
Customer repurchase agreements	12,141		0.05		25,176		16,980		0.05
Long-term debt:
FHLB advances	$	95,000	1.34	%	$	95,000	$	95,000	1.35	%
Subordinated notes	148,260		6.09		148,260		105,356		5.50

Schedule of Maturities of Long-term FHLB Advances

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of December 31, 2022		Weighted Average Rate
2024	$	85,000	2.10	%
2025	75,000		4.46
2026	100,000		4.29
2027	25,000		3.99
2028	25,000		4.61
Thereafter	—		—
Total	$	310,000	3.73	%