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Borrowed Funds (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Borrowed Funds | Borrowed funds at June 30, 2024 and December 31, 2023 were as follows (in thousands):
| June 30, |  | December 31,
2024 |  | 2023
FHLB advances | $ | 789,337 |  |  | $ | 848,636 |
Securities sold under agreements to repurchase with customers | 80,000 |  |  | 73,148 |
Other borrowings | 424,490 |  |  | 196,456 |
Total borrowed funds | $ | 1,293,827 |  |  | $ | 1,118,240 |
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
June 30, 2024 |  |  |  |  |  |
FHLB and FRB |  | $ | 7,371,979 |  |  | $ | 1,164,150 |  |  | $ | 8,536,129 |
Repurchase agreements |  | — |  |  | 91,946 |  |  | 91,946 |
Total pledged assets |  | $ | 7,371,979 |  |  | $ | 1,256,096 |  |  | $ | 8,628,075 |
December 31, 2023 |  |  |  |  |  |
FHLB and FRB |  | $ | 7,255,671 |  |  | $ | 1,051,558 |  |  | $ | 8,307,229 |
Repurchase agreements |  | — |  |  | 103,416 |  |  | 103,416 |
Total pledged assets |  | $ | 7,255,671 |  |  | $ | 1,154,974 |  |  | $ | 8,410,645 |

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