I would like to display a time field from my survey in a report the same way it appears in my feature layer. In this case that is 3:45 PM. The report display comes through in 24hr format though.

Here is my current template:

Is there a reason it changes to 24hr format? I tried the following format in the template but it gets rejected and I'm not able to test it.

In the xlsx I've also set bind::type to time and bind::esri:fieldType to esriFieldTypeTimeOnly.
Is there a limitation here or am I not getting the correct format or syntax?