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Borrowings
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Borrowings BORROWINGS During the three months ended March 31, 2023, the Company entered into advances with the Federal Home Loan Bank ("FHLB") of $879.0 million, due primarily to deposit balance reductions, share repurchase activity, and a proactive strategy to bolster on-balance sheet liquidity during the quarter. These borrowings were comprised of comprised of $379.0 million in overnight FHLB borrowings carrying a rate of 4.95% at March 31, 2023, as well as $500.0 million in one-month term FHLB advances carrying a weighted average interest rate of 5.03% at March 31, 2023. In conjunction with the one-month term FHLB advances, the Company entered into hedges to convert the cost of these borrowings to a total weighted average cost of 4.47% at March 31, 2023.