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Short-Term Debt
 12 Months Ended
Dec. 31, 2022
Short-Term Debt [Abstract]  
Short-Term Debt SHORT-TERM DEBT
    A summary of the Company's short-term borrowings is as follows (dollars in thousands):

202220212020
Balance at end of year:
Securities sold under agreements to repurchase$290,964 $312,458 $295,956 
Avg. outstanding during the year:
Federal Home Loan Bank advances$3 N/A$151 
Securities sold under agreements to repurchase284,570 $298,413 253,289 
Federal Funds purchased38 — 16 
Max. outstanding at any month end:
Federal Home Loan Bank advancesN/AN/A$9,900 
Securities sold under agreements to repurchase$402,368 $330,577 295,956 
Federal Funds purchased— — — 
Weighted-average interest rate:
During the year:
Federal Home Loan Bank advances0.26 %N/A0.85 %
Securities sold under agreements to repurchase0.78 0.16 %0.39 
Federal Funds purchased0.25 1.46 0.83 
End of the year:
Securities sold under agreements to repurchase0.76 %0.16 %0.34 
 
Through City National, the Company has approximately 34,400 shares of Federal Home Loan Bank ("FHLB") stock at par value as of December 31, 2022. Purchases of FHLB stock are required based on City National’s maximum borrowing capacity with the FHLB.  Additionally, FHLB stock entitles the Company to dividends declared by the FHLB and provides an additional source of short-term and long-term funding in the form of collateralized advances. Financing obtained from the FHLB is based, in part, on the amount of qualifying collateral available, specifically 1-4 family residential mortgages, other residential mortgages, and commercial real estate and other non-residential mortgage loans. Collateral pledged to the FHLB included approximately $1.5 billion at December 31, 2022 and $1.6 billion at December 31, 2021 in investment securities and 1-4 family residential property loans. City National had an additional $2.0 billion and $2.1 billion available from unused portions of lines of credit with the FHLB and other financial institutions at December 31, 2022 and 2021, respectively.
    Securities sold under agreements to repurchase include interests in government agency and municipal securities. These agreements mature daily at par.