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Resale and Repurchase Agreements
 12 Months Ended
Dec. 31, 2024
Offsetting [Abstract]  
Resale and Repurchase Agreements [Text Block] Resale and Repurchase Agreements
The Company regularly enters into resale and repurchase agreement transactions with other financial institutions and with its own customers. Resale and repurchase agreements are agreements to purchase/sell securities subject to an obligation to resell/repurchase the same or similar securities. They are accounted for as secured lending and collateralized borrowing (e.g. financing transactions), not as true sales and purchases of the underlying collateral securities. Some of the resale and repurchase agreements were transacted under master netting arrangements that contain a conditional right of offset, such as close-out netting, upon default. The security collateral accepted or pledged in resale and repurchase agreements with other financial institutions may be sold or re-pledged by the secured party, but is usually delivered to and held by third party trustees. The Company generally retains custody of securities pledged for repurchase agreements with its customers. Additional information about the Company's repurchase agreements is included in Note 8.

The following table shows the extent to which resale agreement assets and repurchase agreement liabilities with the same counterparty have been offset on the consolidated balance sheets, in addition to the extent to which they could potentially be offset. Also shown is collateral received or pledged, which consists of marketable securities. The collateral amounts in the
table are limited to the outstanding balances of the related asset or liability (after offsetting is applied); thus amounts of excess collateral are not shown.

Gross Amounts Not Offset in the Balance Sheet
(In thousands)Gross Amount RecognizedGross Amounts Offset on the Balance SheetNet Amounts Presented on the Balance SheetFinancial Instruments Available for OffsetSecurities Collateral Received/PledgedUnsecured amount
December 31, 2024
Total resale agreements, subject to master netting arrangements$625,000 $— $625,000 $— $(625,000)$— 
Total repurchase agreements, subject to master netting arrangements2,803,043 — 2,803,043 — (2,803,043)— 
December 31, 2023
Total resale agreements, subject to master netting arrangements$450,000 $— $450,000 $— $(450,000)$— 
Total repurchase agreements, subject to master netting arrangements2,647,510 — 2,647,510 — (2,647,510)— 

The table below shows the remaining contractual maturities of repurchase agreements outstanding at December 31, 2024 and 2023, in addition to the various types of marketable securities that have been pledged by the Company as collateral for these borrowings.

Remaining Contractual Maturity of the Agreements
(In thousands)Overnight and continuousUp to 90 daysGreater than 90 daysTotal
December 31, 2024
Repurchase agreements, secured by:
  U.S. government and federal agency obligations$518,937 $— $— $518,937 
  Government-sponsored enterprise obligations9,969 — — 9,969 
  Agency mortgage-backed securities1,641,156 9,600 22,250 1,673,006 
  Non-agency mortgage-backed securities24,273 — — 24,273 
  Asset-backed securities462,841 30,623 18,227 511,691 
  Other debt securities65,167 — — 65,167 
   Total repurchase agreements, gross amount recognized$2,722,343 $40,223 $40,477 $2,803,043 
December 31, 2023
Repurchase agreements, secured by:
  U.S. government and federal agency obligations$170,293 $— $— $170,293 
  Government-sponsored enterprise obligations8,749 — — 8,749 
  Agency mortgage-backed securities1,833,840 27,264 17,200 1,878,304 
  Non-agency mortgage-backed securities10,566 — — 10,566 
  Asset-backed securities516,726 9,606 20,000 546,332 
  Other debt securities33,265 — — 33,265 
   Total repurchase agreements, gross amount recognized$2,573,439 $36,870 $37,200 $2,647,509