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Short and Long-Term Funding (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Breakdown of short & long-term debt balances | 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) | Sep 30, 2024 | Dec 31, 2023
Short-term funding |  |
Federal funds purchased | $ | 306,040 |  | $ | 220,160 |
Securities sold under agreements to repurchase | 110,988 |  | 106,620 |
Federal funds purchased and securities sold under agreements to repurchase | 417,028 |  | 326,780 |
BTFP funding | 500,000 |  | — |
Total short-term funding | $ | 917,028 |  | $ | 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 | (8,807) |  | (7,748) |
Subordinated debt fair value hedge(a) | 2,832 |  | (1,366) |
Finance leases | 317 |  | 383 |
Total long-term funding | $ | 844,342 |  | $ | 541,269 |
Total short and long-term funding, excluding FHLB advances | $ | 1,761,370 |  | $ | 868,049 |
FHLB advances |  |
Short-term FHLB advances | $ | 705,000 |  | $ | 740,000 |
Long-term FHLB advances | 1,211,835 |  | 1,209,907 |
FHLB advances fair value hedge(a) | (3,541) |  | (9,713) |
Total FHLB advances | $ | 1,913,294 |  | $ | 1,940,194 |
Total short and long-term funding | $ | 3,674,663 |  | $ | 2,808,243 |
(a) For additional information on the fair value hedges, see Note 9.
Remaining contractual maturity of securities sold under agreements to repurchase | The remaining contractual maturity of the securities sold under agreements to repurchase on the consolidated balance sheets as of September 30, 2024 and December 31, 2023 are presented in the following table:
| Overnight and Continuous |  |  |  |
($ in thousands) | Sep 30, 2024 | Dec 31, 2023 |  |  |  |
Repurchase agreements |  |  |  |  |  |
Agency mortgage-related securities | $ | 110,988 |  | $ | 106,620 |  |  |  |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481420/860-30-50-7 + Details
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