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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements
The following table summarizes securities sold under agreements to repurchase and federal funds purchased:
At December 31,
20242023
(In thousands)Total OutstandingRateTotal OutstandingRate
Securities sold under agreements to repurchase (1)
$344,168 2.98 %$358,387 3.43 %
Federal funds purchased— — 100,000 5.48 
Securities sold under agreements to repurchase and federal funds purchased$344,168 2.98 %$458,387 3.88 %
(1)At December 31, 2024, and 2023, securities sold under agreements to repurchase had an original maturity of one year or less.
Summary of Repurchase Agreement Offsetting
The following tables represent the offsetting of repurchase agreements that are subject to master netting agreements:
At December 31, 2024
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial position
(In thousands)Financial InstrumentsCash Collateral PledgedNet Amount
Repurchase agreements$209,961 $— $209,961 $220,588 $— $(10,627)
At December 31, 2023
Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial position
(In thousands)Financial InstrumentsCash Collateral PledgedNet Amount
Repurchase agreements$216,251 $— $216,251 $232,176 $— $(15,925)
Summary of FHLB Advances
The following table summarizes information for FHLB advances:
At December 31,
20242023
(In thousands)Total
Outstanding		Weighted-Average Contractual Coupon RateTotal
Outstanding		Weighted-Average Contractual Coupon Rate
Maturing within 1 year$2,100,000 4.50 %$2,350,000 5.53 %
After 1 but within 2 years— — — — 
After 2 but within 3 years218 — — — 
After 3 but within 4 years215 2.75 235 — 
After 4 but within 5 years642 1.75 228 2.75 
After 5 years9,033 2.02 9,555 2.07 
FHLB advances$2,110,108 4.49 %$2,360,018 5.52 %
Aggregate market value of assets pledged as collateral$16,581,133 $20,734,035 
Remaining borrowing capacity at FHLB8,670,348 12,535,423 
Schedule of Long-Term Debt
The following table summarizes long-term debt:
At December 31,
(In thousands)20242023
2024 senior notes$— $132,550 
2029 senior notes (1)
322,751 328,104 
2029 subordinated notes274,000 274,000 
2030 subordinated notes225,000 225,000 
2033 junior subordinated notes77,320 77,320 
Total senior and subordinated debt899,071 1,036,974 
Discount on 2029 senior notes(423)(537)
Debt issuance cost on 2029 senior notes(1,137)(1,419)
Premium on 2029 subordinated notes and 2030 subordinated notes11,674 13,802 
Long-term debt (2)
$909,185 $1,048,820 
(1)The Company de-designated its fair value hedging relationship on these senior notes in 2020. A basis adjustment of $22.8 million and $28.1 million at December 31, 2024, and 2023, respectively, is included in the carrying value and is being amortized over the remaining life of the senior fixed-rate notes.
(2)The classification of debt as long-term is based on the initial terms of greater than one year as of the date of issuance.