Borrowed Funds (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

Short-term borrowings at June 30, 2020 and December 31, 2019 consisted of the following: 

	June 30, 2020		December 31, 2019
	(in thousands)
FHLB advances	$	1,235,000	$	940,000
Federal funds purchased	678,900		—
Securities sold under agreements to repurchase	168,980		153,280
Total short-term borrowings	$	2,082,880	$	1,093,280

Schedule of Long-Term Borrowings

Long-term borrowings at June 30, 2020 and December 31, 2019 consisted of the following: 

	June 30, 2020		December 31, 2019
	(in thousands)
FHLB advances, net (1)	$	2,153,052	$	1,480,012
Subordinated debt, net (2)	404,455		292,414
Securities sold under agreements to repurchase	350,000		350,000
Other	28		—
Total long-term borrowings	$	2,907,535	$	2,122,426

(1)	FHLB advances are presented net of unamortized prepayment penalties and other purchase accounting adjustments totaling $1.2 million and $2.8 million at June 30, 2020 and December 31, 2019, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $2.9 million and $1.2 million at June 30, 2020 and December 31, 2019, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at June 30, 2020 are scheduled for contractual balance repayments as follows: 

Year	Amount
	(in thousands)
2020	$	30,000
2021	994,769
2022	121,420
2023	428,164
2024	300,000
Thereafter	279,931
Total long-term FHLB advances	$	2,154,284

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

The long-term repos at June 30, 2020 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