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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Repurchase Agreements | The following table summarizes securities sold under agreements to repurchase and federal funds purchased:
| December 31,
| 2025 |  | 2024
(Dollars in thousands) | Total Outstanding | Rate |  | Total Outstanding | Rate
Securities sold under agreements to repurchase (1) | $ | 596,738 |  | 3.32 | % |  | $ | 344,168 |  | 2.98 | %
Securities sold under agreements to repurchase and federal funds purchased (2) | $ | 596,738 |  | 3.32 | % |  | $ | 344,168 |  | 2.98 | %
(1)Securities sold under agreements to repurchase have an original maturity date of one year or less for the periods presented. (2)There were no outstanding federal funds purchased at December 31, 2025, and 2024.
Summary of Repurchase Agreement Offsetting | The following tables represent the offsetting of repurchase agreements that are subject to master netting agreements:
| December 31, 2025
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Liabilities Presented in the Statement of Financial Position |  | Gross Amounts Not Offset in the Statement of Financial position |  |
(In thousands) |  |  |  | Financial Instruments (1) |  | Cash Collateral Pledged |  | Net Amount
Repurchase agreements | $ | 494,420 |  |  | $ | — |  |  | $ | 494,420 |  |  | $ | 494,420 |  |  | $ | — |  |  | $ | — |
| December 31, 2024
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Statement of Financial Position |  | Net Amounts of Liabilities Presented in the Statement of Financial Position |  | Gross Amounts Not Offset in the Statement of Financial position |  |
(In thousands) |  |  |  | Financial Instruments (1) |  | Cash Collateral Pledged |  | Net Amount
Repurchase agreements | $ | 209,961 |  |  | $ | — |  |  | $ | 209,961 |  |  | $ | 209,961 |  |  | $ | — |  |  | $ | — |
(1)Amounts disclosed are limited to the balance of securities sold under agreements to repurchase reported on the accompanying Consolidated Balance Sheets that are subject to master netting agreements and, accordingly, exclude excess collateral pledged. At December 31, 2025 and 2024, Agency MBS with a carrying amount of $520.1 million and $220.6 million, respectively, were pledged as collateral against such securities sold under agreements to repurchase, resulting in an excess collateral positions of $25.6 million and $10.6 million, respectively.
Summary of FHLB Advances | The following table summarizes information for FHLB advances:
| December 31,
| 2025 |  | 2024
(Dollars in thousands) | Total Outstanding | Weighted-Average Contractual Coupon Rate |  | Total Outstanding | Weighted-Average Contractual Coupon Rate
Maturing within 1 year | $ | 2,970,000 |  | 3.44 | % |  | $ | 2,100,000 |  | 4.50 | %
After 1 but within 2 years | 201 |  | — |  |  | — |  | — |
After 2 but within 3 years | 201 |  | 2.75 |  |  | 218 |  | — |
After 3 but within 4 years | 615 |  | 1.75 |  |  | 215 |  | 2.75 |
After 4 but within 5 years | 3,669 |  | 1.25 |  |  | 642 |  | 1.75 |
After 5 years | 6,032 |  | 2.16 |  |  | 9,033 |  | 2.02 |
Total FHLB advances | $ | 2,980,718 |  | 3.44 | % |  | $ | 2,110,108 |  | 4.49 | %
Aggregate market value of assets pledged as collateral | $ | 16,331,016 |  |  |  | $ | 16,581,133 |  |
Remaining borrowing capacity at FHLB | 7,882,187 |  |  |  | 8,670,348 |  |
Schedule of Long-Term Debt | The following table summarizes long-term debt:
| December 31,
(In thousands) | 2025 |  | 2024
2029 senior notes (1) | $ | 317,398 |  |  | $ | 322,751 |
2029 subordinated notes | — |  |  | 274,000 |
2030 subordinated notes | — |  |  | 225,000 |
2035 subordinated notes | 350,000 |  |  | — |
2033 junior subordinated notes | 77,320 |  |  | 77,320 |
Total senior and subordinated debt | 744,718 |  |  | 899,071 |
Discount on 2029 senior notes | (323) |  |  | (423) |
Debt issuance cost on 2029 senior notes | (869) |  |  | (1,137) |
Premium on 2029 subordinated notes | — |  |  | 4,435 |
Premium on 2030 subordinated notes | — |  |  | 7,239 |
Discount on 2035 subordinated notes | (2,545) |  |  | — |
Debt issuance cost on 2035 subordinated notes | (1,527) |  |  | — |
Long-term debt (2) | $ | 739,454 |  |  | $ | 909,185 |
(1)The Company de-designated its fair value hedging relationship on these senior notes in 2020. A basis adjustment of $17.4 million and $22.8 million at December 31, 2025, and 2024, respectively, is included in the carrying value and is being amortized over the remaining life of the senior 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.

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