v3.26.1
Borrowed Funds (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Short-Term Borrowings
Short-term borrowings at June 30, 2026 and December 31, 2025 consisted of the following:
June 30, 2026December 31, 2025
(in thousands)
FHLB advances$375,000 $— 
Securities sold under agreements to repurchase58,484 91,475 
Total short-term borrowings$433,484 $91,475 
Schedule of Long-Term Borrowings
Long-term borrowings at June 30, 2026 and December 31, 2025 consisted of the following:    
June 30, 2026December 31, 2025
(in thousands)
FHLB advances$1,963,604 $2,463,604 
Subordinated debt, net *
643,618 444,975 
Total long-term borrowings$2,607,222 $2,908,579 
*
Subordinated debt is reported net of debt issuance costs at both June 30, 2026 and December 31, 2025 and fair value hedging adjustment at December 31, 2025.
Schedule of FHLB Repayment
The long-term FHLB advances at June 30, 2026 are scheduled for contractual balance repayments as follows:
YearAmount
(in thousands)
2026$1,804 
20271,066,800 
2028645,000 
2029250,000 
Total long-term FHLB advances$1,963,604