Short and Long-term Funding (Tables)

12 Months Ended

Dec. 31, 2024

Short-Term Debt [Abstract]

Short and Long-Term Funding Composition

The following table presents the components of short-term funding (funding with original contractual maturities of one year or less), and long-term funding (funding with original contractual maturities greater than one year):

($ in thousands)	December 31, 2024		December 31, 2023
Short-term funding
Federal funds purchased	$	370,325	$	220,160
Securities sold under agreements to repurchase	100,044		106,620
Federal funds purchased and securities sold under agreements to repurchase	$	470,369	$	326,780
Long-term funding
Corporation senior notes, at par	$	300,000	$	—
Corporation subordinated notes, at par	550,000		550,000
Discount and capitalized costs	(8,664)		(7,748)
Subordinated debt fair value hedge(a)	(3,996)		(1,366)
Finance leases	295		383
Total long-term funding	$	837,635	$	541,269
Total short and long-term funding, excluding FHLB advances	$	1,308,004	$	868,049
FHLB advances
Short-term FHLB advances	$	1,250,000	$	740,000
Long-term FHLB advances	611,551		1,209,907
FHLB advances fair value hedge(a)	(7,744)		(9,713)
Total FHLB advances	$	1,853,807	$	1,940,194
Total short and long-term funding	$	3,161,811	$	2,808,243

(a) For additional information on the fair value hedges, see Note 13.

Schedule of Repurchase Agreements

The remaining contractual maturity of the securities sold under agreements to repurchase on the consolidated balance sheets is presented in the following table:

	Overnight and Continuous
($ in thousands)	December 31, 2024		December 31, 2023
Repurchase agreements
Agency mortgage-related securities	$	100,044	$	106,620

Schedule of Maturities of Long-term Debt [Table Text Block]

The table below summarizes the expected maturities of the Corporation’s long-term funding at December 31, 2024:

($ in thousands)	Long Term Funding
Year
2025	$	648,841
2026	4,504
2027	510
2028	196,487
2029	3,235
Beyond 2029	587,865
Total long-term funding	$	1,441,442