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Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Short-Term Borrowings
Short-term borrowings at December 31, 2024 and 2023 consisted of the following:
20242023
 (in thousands)
FHLB advances$— $850,000 
Securities sold under agreements to repurchase72,718 67,834 
Total short-term borrowings$72,718 $917,834 
Schedule of Long-Term Borrowings
Long-term borrowings at December 31, 2024 and 2023 consisted of the following:
20242023
 (in thousands)
FHLB advances, net *
$2,526,608 $1,690,013 
Subordinated debt, net *
647,547 638,362 
Total long-term borrowings$3,174,155 $2,328,375 
*
FHLB advances and subordinated debt are reported net of unamortized premiums and debt issuance costs, respectively, that were immaterial at both December 31, 2024 and 2023.
Schedule of FHLB Repayment
The long-term FHLB advances at December 31, 2024 are scheduled for contractual balance repayments as follows:
YearAmount
 (in thousands)
2025$273,000 
2026601,804 
2027926,800 
2028475,000 
2029250,000 
Total long-term FHLB advances$2,526,604