FHLB Advances, Other Borrowings and Subordinated Notes (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Summary of Debt

The following table is a summary of FHLB advances, other borrowings and subordinated notes as of the dates shown:

(In thousands)	June 30, 2023		December 31, 2022		June 30, 2022
FHLB advances	$	2,026,071	$	2,316,071	$	1,166,071
Other borrowings:
Notes payable	185,539		199,793		69,619
Short-term borrowings	17,773		17,612		16,418
Secured borrowings	326,348		317,942		334,467
Other	135,559		61,267		62,283
Total other borrowings	665,219		596,614		482,787
Subordinated notes	437,628		437,392		437,162
Total FHLB advances, other borrowings and subordinated notes	$	3,128,918	$	3,350,077	$	2,086,020

Schedule of Financial Instruments Owned and Pledged as Collateral

The following is a summary of these securities pledged as of June 30, 2023 disaggregated by investment category and maturity of the related customer sweep account, and reconciled to the outstanding balance of securities sold under repurchase agreements:

(In thousands)	Overnight Sweep Collateral
Available-for-sale securities pledged
Mortgage-backed securities	$	17,819
Excess collateral	1,546
Securities sold under repurchase agreements	$	16,273