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Borrowed Funds (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds | Borrowed funds at June 30, 2023 and December 31, 2022 are summarized as follows (in thousands):
| June 30, 2023 |  | December 31, 2022
Securities sold under repurchase agreements | $ | 82,470 |  |  | 98,000 |
FHLB line of credit | 179,000 |  |  | 486,000 |
FHLB advances | 1,588,244 |  |  | 753,370 |
Total borrowed funds | $ | 1,849,714 |  |  | 1,337,370 |
Scheduled Maturities of FHLB Advances | Scheduled maturities of FHLB advances and overnight borrowings at June 30, 2023 are as follows (in thousands):
| 2023
Due in one year or less | $ | 1,020,648 |
Due after one year through two years | 514,492 |
Due after two years through three years | 174,660 |
Due after three years through four years | 57,444 |
Thereafter | — |
Total FHLB advances and overnight borrowings | $ | 1,767,244 |
Scheduled Maturities of Sold Under Repurchase Agreements | Scheduled maturities of securities sold under repurchase agreements at June 30, 2023 are as follows (in thousands):
| 2023
Due in one year or less | $ | 82,470 |
Thereafter | — |
Total securities sold under repurchase agreements | $ | 82,470 |
Debt Disclosure by Year | The following tables set forth certain information as to borrowed funds for the periods ended June 30, 2023 and December 31, 2022 (in thousands):
| Maximum balance |  | Average balance |  | Weighted average interest rate
June 30, 2023 |  |  |  |  |
Securities sold under repurchase agreements | $ | 99,669 |  |  | 93,066 |  |  | 1.41 | %
FHLB overnight borrowings | 402,000 |  |  | 223,980 |  |  | 4.87 |
FHLB advances | 1,588,245 |  |  | 1,125,698 |  |  | 2.78 |
December 31, 2022 |  |  |  |  |
Securities sold under repurchase agreements | $ | 125,506 |  |  | 113,550 |  |  | 0.38 | %
FHLB overnight borrowings | 486,000 |  |  | 139,012 |  |  | 3.32 |
FHLB advances | 753,370 |  |  | 503,713 |  |  | 0.85 |

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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 advances by federal home loan bank by branch. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13,16) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480876/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
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