Short-Term and Other Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

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:

	March 31, 2024					December 31, 2023
	Federal Funds Purchased		Short-term Borrowings			Federal Funds Purchased		Short-term Borrowings
Outstanding balance	$	—	$	368,500		$	—	$	338,000
Interest rate on balance		—		5.42	%		—		5.41	%

	Three Months Ended March 31,
	2024		2024			2023			2023
	Federal Funds Purchased		Short-term Borrowings			Federal Funds Purchased			Short-term Borrowings
Maximum indebtedness	$	—	$	394,000		$	30,000		$	540,000
Average balance		—		329,120			333			372,226
Average rate paid		—		5.44	%		5.96	%		4.64	%