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v3.23.3

Borrowed Funds (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds | Borrowed funds at September 30, 2023 and December 31, 2022 were as follows (in thousands):
| September 30, |  | December 31,
2023 |  | 2022
FHLB advances | $ | 606,056 |  |  | $ | 1,211,166 |
Securities sold under agreements to repurchase with customers | 82,981 |  |  | 69,097 |
Other borrowings | 196,183 |  |  | 195,403 |
Total borrowed funds | $ | 885,220 |  |  | $ | 1,475,666 |
Schedule of Pledged Assets | The following table presents the assets pledged to secure borrowings, borrowing capacity, repurchase agreements, letters of credit, and for other purposes required by law at carrying value (in thousands):
|  | Loans |  | Debt securities |  | Total
September 30, 2023 |  |  |  |  |  |
FHLB and FRB |  | $ | 7,253,277 |  |  | $ | 997,973 |  |  | $ | 8,251,250 |
Repurchase agreements |  | — |  |  | 93,145 |  |  | 93,145 |
Total pledged assets |  | $ | 7,253,277 |  |  | $ | 1,091,118 |  |  | $ | 8,344,395 |
December 31, 2022 |  |  |  |  |  |
FHLB and FRB |  | $ | 6,487,980 |  |  | $ | 830,057 |  |  | $ | 7,318,037 |
Repurchase agreements |  | — |  |  | 105,294 |  |  | 105,294 |
Total pledged assets |  | $ | 6,487,980 |  |  | $ | 935,351 |  |  | $ | 7,423,331 |

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