Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2023

Short-Term Borrowings

Schedule of short-term borrowings

(dollars in thousands)	September 30, 2023		December 31, 2022
Federal funds purchased	$	—	$	75,000
Short-term FHLB fixed-rate advances(1)		500,000		—
Total short-term borrowings	$	500,000	$	75,000

Schedule of selected information for short-term borrowings

	Nine Months Ended September 30,
(dollars in thousands)	2023			2022
Federal funds purchased:
Weighted-average interest rate at September 30,		—	%		—	%
Highest month-end balance	$	150,000		$	—
Average outstanding balance	$	23,059		$	55
Weighted-average interest rate paid		4.45	%		1.67	%
Short-term FHLB repo advance:
Weighted-average interest rate at September 30,		—	%		—	%
Highest month-end balance	$	400,000		$	—
Average outstanding balance	$	156,319		$	—
Weighted-average interest rate paid		5.25	%		—	%
Short-term FHLB fixed-rate advances:
Weighted-average interest rate at September 30,		4.71	%		—	%
Highest month-end balance	$	500,000		$	—
Average outstanding balance	$	20,147		$	—
Weighted-average interest rate paid		4.34	%		—	%