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Other Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Summary of Balances of Other Borrowings | A summary of the balances of other borrowings follows:
| December 31,
| 2023 |  | 2022
(in thousands) |
Overnight borrowing at FHLB, fixed rate, as of December 31, 2023 of 5.70%, payable on January 2, 2024 | $ | 400,000 |  |  | $ | — |
Term borrowing at FHLB, fixed rate, as of December 31, 2023 of 4.75%, payable on April 8, 2024 | 200,000 |  |  | — |
Overnight borrowing at FHLB, fixed rate, as of December 31, 2022 of 4.65%, payable on January 3, 2023 | — |  |  | 216,700 |
Other collateralized borrowings, fixed rate, as of December 31, 2023 and 2022 of 0.05%, payable on January 2, 2024 and January 3, 2023, respectively | 32,582 |  |  | 47,905 |
Total other borrowings | $ | 632,582 |  |  | $ | 264,605 |

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