Borrowed Funds (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term Borrowings

Short-term borrowings at September 30, 2024 and December 31, 2023 consisted of the following:

	September 30, 2024		December 31, 2023
	(in thousands)
FHLB advances	$	—	$	850,000
Securities sold under agreements to repurchase	58,268		67,834
Total short-term borrowings	$	58,268	$	917,834

Schedule of Long-Term Borrowings

Long-term borrowings at September 30, 2024 and December 31, 2023 consisted of the following:    

	September 30, 2024		December 31, 2023
	(in thousands)
FHLB advances, net (1)	$	2,626,660	$	1,690,013
Subordinated debt, net (2)	647,680		638,362
Total long-term borrowings	$	3,274,340	$	2,328,375

(1)	FHLB advances are presented net of unamortized premiums totaling $56 thousand and $209 thousand at September 30, 2024 and December 31, 2023, respectively.
(2)	Subordinated debt is presented net of unamortized debt issuance costs totaling $4.0 million and $5.2 million at September 30, 2024 and December 31, 2023, respectively.

Schedule of FHLB Repayment

The long-term FHLB advances at September 30, 2024 are scheduled for contractual balance repayments as follows:

Year	Amount
	(in thousands)
2024	$	100,000
2025	273,000
2026	601,804
2027	926,800
2028	475,000
Thereafter	250,000
Total long-term FHLB advances	$	2,626,604