Borrowed Funds (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

Short-term borrowings at March 31, 2023 and December 31, 2022 consisted of the following:

	March 31, 2023		December 31, 2022
	(in thousands)
FHLB advances	$	6,300,000	$	24,035
Securities sold under agreements to repurchase	113,056		114,694
Total short-term borrowings	$	6,413,056	$	138,729

Schedule of Long-Term Borrowings

Long-term borrowings at March 31, 2023 and December 31, 2022 consisted of the following:

	March 31, 2023		December 31, 2022
	(in thousands)
FHLB advances, net (1)	$	1,438,361	$	788,419
Subordinated debt, net (2)	759,295		754,639
Total long-term borrowings	$	2,197,656	$	1,543,058

(1)	FHLB advances are presented net of unamortized premiums totaling $361 thousand and $419 thousand at March 31, 2023 and December 31, 2022, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $6.5 million and $6.9 million at March 31, 2023 and December 31, 2022, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at March 31, 2023 are scheduled for contractual balance repayments as follows:

Year	Amount
	(in thousands)
2024	$	165,000
2025	273,000
2026	350,000
2027	425,000
Thereafter	225,000
Total long-term FHLB advances	$	1,438,000