v3.26.3
Short-term Borrowings (Tables)
9 Months Ended
Sep. 30, 2026
Short-term borrowings  
Schedule of short-term borrowings

Short-term borrowings are summarized as follows (in thousands).

​

​

​

​

​

​

​

​

​

​

​

September 30,

​

December 31,

 

​

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Federal funds purchased

​

$

118,283

​

$

153,208

​

Securities sold under agreements to repurchase

​

 

289,124

​

 

269,309

​

Federal Home Loan Bank

​

 

—

​

 

—

​

Short-term bank loans

​

​

172,000

​

​

—

​

Commercial paper

​

 

245,813

​

 

254,365

​

​

​

$

825,220

​

$

676,882

​

Federal Funds Purchased and Securities Sold under Agreements to Repurchase  
Short-term borrowings  
Schedule of short-term borrowings

Information concerning federal funds purchased and securities sold under agreements to repurchase are shown in the following table (dollars in thousands).

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Nine Months Ended September 30,

​

​

​

​

2026

​

2025

 

​

Average balance during the period

​

$

620,466

​

$

517,561

​

​

Average interest rate during the period

​

 

3.99

%  

​

4.58

%

​

​

Information concerning federal funds purchased and securities sold under agreements to repurchase are shown in the following table (dollars in thousands).

​

​

​

​

​

​

​

​

​

​

​

​

September 30,

​

December 31,

​

​

​

  ​ ​ ​

2026

  ​ ​ ​

2025

​

​

Average interest rate at end of period

 

​

3.97

%  

​

4.25

%

​

Securities underlying the agreements at end of period:

​

​

​

​

​

​

​

​

Contract value of repurchase agreements

​

$

288,643

​

$

268,805

​

​

Fair value of securities pledged as collateral

​

$

291,925

​

$

292,493

​

​

Federal Home Loan Bank  
Short-term borrowings  
Schedule of short-term borrowings Other information regarding FHLB short-term borrowings is shown in the following table (dollars in thousands).

​

​

​

​

​

​

​

​

​

​

​

​

Nine Months Ended September 30,

​

​

​

​

2026

​

2025

​

​

Average balance during the period

​

$

—

​

$

—

​

​

Average interest rate during the period

​

​

3.85

%

​

4.70

%

​

​

​

​

​

​

​

​

​

​