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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Borrowings
Short-term borrowings at December 31, 2025 and 2024 consisted of the following:
20252024
 (in thousands)
Securities sold under agreements to repurchase$91,475 $72,718 
Schedule of Long-Term Borrowings
Long-term borrowings at December 31, 2025 and 2024 consisted of the following:
20252024
 (in thousands)
FHLB advances, net
$2,463,604 $2,526,608 
Subordinated debt, net *
444,975 647,547 
Total long-term borrowings$2,908,579 $3,174,155 
*
 Subordinated debt is reported net of debt issuance costs and fair value hedging adjustments at both December 31, 2025 and 2024.
Schedule of FHLB Repayment
The long-term FHLB advances at December 31, 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