Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

Short-term borrowings at September 30, 2022 and December 31, 2021 consisted of the following:

	September 30, 2022		December 31, 2021
	(in thousands)
FHLB advances	$	785,767	$	500,000
Securities sold under agreements to repurchase	133,516		155,726
Total short-term borrowings	$	919,283	$	655,726

Schedule of Long-Term Borrowings

Long-term borrowings at September 30, 2022 and December 31, 2021 consisted of the following:

	September 30, 2022		December 31, 2021
	(in thousands)
FHLB advances, net (1)	$	788,574	$	789,033
Subordinated debt, net (2)	752,523		634,643
Total long-term borrowings	$	1,541,097	$	1,423,676

(1)	FHLB advances are presented net of unamortized premiums totaling $574 thousand and $1.0 million at September 30, 2022 and December 31, 2021, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $7.3 million and $5.8 million at September 30, 2022 and December 31, 2021, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at September 30, 2022 are scheduled for contractual balance repayments as follows:

Year	Amount
	(in thousands)
2023	$	350,000
2024	165,000
2025	273,000
Total long-term FHLB advances	$	788,000