XML 76 R62.htm IDEA: XBRL DOCUMENT

Borrowings (Tables)	6 Months Ended
Borrowings (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of repurchase agreements	Repurchase agreements accounted for as secured borrowings June 30, 2023 December 31, 2022 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 13,000 $ 410 After 30 to 90 days 21,933 30,739 After 90 days 13,254 17,521 Total U.S. Treasury securities 48,187 48,670 Mortgage-backed securities Within 30 days 73,958 98,984 After 30 to 90 days 795 791 Total mortgage-backed securities 74,753 99,775 Collateralized mortgage obligations Within 30 days 265 164 Total collateralized mortgage obligations 265 164 Total $ 123,205 $ 148,609
Notes payable	Notes Payable The following table presents the composition of notes payable at June 30, 2023 and December 31, 2022. (In thousands) June 30, 2023 December 31, 2022 Advances with the FHLB with maturities ranging from 2023 through 2029 paying interest at monthly fixed rates ranging from 0.39 % to 4.17 % $ 412,632 $ 389,282 Unsecured senior debt securities with maturities ranging from 2023 to 2028 paying interest semiannually at fixed rates ranging from 6.125 % to 7.25 %, net of debt issuance costs of $ 6,915 [1] 693,085 299,109 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125 % to 6.564 %, net of debt issuance costs of $ 301 198,332 198,319 Total notes payable $ 1,304,049 $ 886,710 Note: Refer to the 2022 Form 10-K for rates information at December 31, 2022. [1] On March 13, 2023, the Corporation issued $ 400 million aggregate principal amount of 7.25 % Senior Notes due 2028 (the “2028 Notes”) in an underwritten public offering. On July 14, 2023, the Corporation announced that it will use a portion of the net proceeds of the 2028 Notes offering to redeem, on August 14, 2023, the outstanding $ 300 million aggregate principal amount of its 6.125 % Senior Notes due September 2023 . The redemption price will be equal to 100 % of the principal amount plus accrued and unpaid interest through the redemption date.
Borrowings by contractual maturities	Assets sold under (In thousands) agreements to repurchase Notes payable Total 2023 $ 118,600 $ 322,004 $ 440,604 2024 4,605 91,943 96,548 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 675,682 675,682 Total borrowings $ 123,205 $ 1,304,049 $ 1,427,254