Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

Short-term borrowings at December 31, 2019 and 2018 consisted of the following: 

	2019		2018
	(in thousands)
FHLB advances	$	940,000	$	1,732,000
Securities sold under agreements to repurchase	153,280		261,914
Federal funds purchased	—		125,000
Total short-term borrowings	$	1,093,280	$	2,118,914

Schedule of Long-Term Borrowings

Long-term borrowings at December 31, 2019 and 2018 consisted of the following: 

	2019		2018
	(in thousands)
FHLB advances, net (1)	$	1,480,012	$	1,309,666
Securities sold under agreements to repurchase	350,000		50,000
Subordinated debt, net (2)	292,414		294,602
Total long-term borrowings	$	2,122,426	$	1,654,268

(1)	FHLB advances are presented net of unamortized prepayment penalties and other purchase accounting adjustments totaling $2.8 million and $10.3 million at December 31, 2019 and 2018, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $1.2 million and $1.4 million at December 31, 2019 and 2018, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at December 31, 2019 are scheduled for contractual balance repayments as follows: 

Year	Amount
	(in thousands)
2020	$	83,418
2021	994,768
2022	121,419
2023	78,164
2024	200,000
Thereafter	5,000
Total long-term FHLB advances	$	1,482,769

Schedule of Repayment of Long-Term Borrowings for Securities Sold Under Agreements to Repurchase

The long-term repos at December 31, 2019 are scheduled for contractual balance repayments as follows:

 

Year	Amount
	(in thousands)
2021	$	300,000
2022	50,000
Total long-term securities sold under agreements to repurchase	$	350,000