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Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds as of December 31, 2024 and 2023 are summarized as follows (in thousands):
20242023
Securities sold under repurchase agreements$113,224 72,161 
FHLBNY line of credit385,000 148,000 
FHLBNY advances
1,518,497 1,299,836 
FRBNY BTFP borrowing— 450,000 
Purchase accounting adjustment ("PAA") on borrowed funds3,714 36 
Total borrowed funds$2,020,435 1,970,033 
Schedule of Maturities of FHLB Advances, FRBNY BTFP Borrowings and Lines of Credit
Scheduled maturities of FHLBNY advances, FRBNY BTFP borrowings and lines of credit, including purchase accounting adjustments resulting from the Lakeland acquisition as of December 31, 2024 are as follows (in thousands):
 2024
Due in one year or less$1,268,262 
Due after one year through two years160,235 
Due after two years through three years475,000 
Due after three years through four years— 
Due after four years through five years— 
Thereafter— 
Purchase accounting adjustment on borrowed funds3,714 
Total FHLBNY advances, FRBNY BTFP borrowings and overnight borrowings$1,907,211 
Schedule of Maturities of Securities Sold Under Repurchase Agreements
Scheduled maturities of securities sold under repurchase agreements as of December 31, 2024 are as follows (in thousands):
 2024
Due in one year or less$113,224 
Thereafter— 
Total securities sold under repurchase agreements$113,224 
Schedule of Debt Disclosure by Year
The following tables set forth certain information as to borrowed funds for the years ended December 31, 2024 and 2023 (in thousands):
Maximum
balance
Average
balance
Weighted average
interest rate
2024
Securities sold under repurchase agreements$117,323 102,043 2.03 %
FHLBNY overnight borrowings567,000 115,902 5.45 
FHLBNY advances1,518,497 1,290,836 3.41 
FRBNY BTFP Borrowing550,000 472,077 4.78 
2023
Securities sold under repurchase agreements$99,669 87,227 1.69 %
FHLBNY overnight borrowings500,000 262,289 5.29 
FHLBNY advances1,592,277 1,282,124 3.14 
FRBNY BTFP Borrowing450,000 4,932 4.83