Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

Short-term borrowings at September 30, 2023 and December 31, 2022 consisted of the following:

	September 30, 2023		December 31, 2022
	(in thousands)
FHLB advances	$	—	$	24,035
Securities sold under agreements to repurchase	89,802		114,694
Total short-term borrowings	$	89,802	$	138,729

Schedule of Long-Term Borrowings

Long-term borrowings at September 30, 2023 and December 31, 2022 consisted of the following:

	September 30, 2023		December 31, 2022
	(in thousands)
FHLB advances, net (1)	$	1,688,260	$	788,419
Subordinated debt, net (2)	630,034		754,639
Total long-term borrowings	$	2,318,294	$	1,543,058

(1)	FHLB advances are presented net of unamortized premiums totaling $260 thousand and $419 thousand at September 30, 2023 and December 31, 2022, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $5.6 million and $6.9 million at September 30, 2023 and December 31, 2022, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at September 30, 2023 are scheduled for contractual balance repayments as follows:

Year	Amount
	(in thousands)
2024	$	165,000
2025	273,000
2026	350,000
2027	675,000
Thereafter	225,000
Total long-term FHLB advances	$	1,688,000