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Borrowed Funds (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Borrowings
Short-term borrowings at June 30, 2025 and December 31, 2024 consisted of the following:
June 30, 2025December 31, 2024
 (in thousands)
FHLB advances$100,000 $— 
Securities sold under agreements to repurchase62,244 72,718 
Total short-term borrowings$162,244 $72,718 
Schedule of Long-Term Borrowings
Long-term borrowings at June 30, 2025 and December 31, 2024 consisted of the following:    
June 30, 2025December 31, 2024
 (in thousands)
FHLB advances, net$2,463,604 $2,526,608 
Subordinated debt, net *
439,487 647,547 
Total long-term borrowings$2,903,091 $3,174,155 
*
Subordinated debt is reported net of debt issuance costs that were immaterial at both June 30, 2025 and December 31, 2024.
Schedule of FHLB Repayment
The long-term FHLB advances at June 30, 2025 are scheduled for contractual balance repayments as follows:
YearAmount
 (in thousands)
2026$601,804 
20271,066,800 
2028545,000 
2029250,000 
Total long-term FHLB advances$2,463,604