Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

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

	2020		2019
	(in thousands)
FHLB advances	$	1,000,000	$	940,000
Securities sold under agreements to repurchase	147,958		153,280
Total short-term borrowings	$	1,147,958	$	1,093,280

Schedule of Long-Term Borrowings

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

	2020		2019
	(in thousands)
FHLB advances, net (1)	$	1,592,252	$	1,480,012
Subordinated debt, net (2)	403,413		292,414
Securities sold under agreements to repurchase	300,000		350,000
Total long-term borrowings	$	2,295,665	$	2,122,426

(1)	FHLB advances are presented net of unamortized prepayment penalties and other purchase accounting adjustments totaling $2.6 million and $2.8 million at December 31, 2020 and 2019, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $2.7 million and $1.2 million at December 31, 2020 and 2019, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at December 31, 2020 are scheduled for contractual balance repayments as follows: 

Year	Amount
	(in thousands)
2021	$	552,519
2022	29,377
2023	428,163
2024	300,000
2025	279,635
Total long-term FHLB advances	$	1,589,694