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Fair Values of Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary Of Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented:
March 31, 2022
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
U.S. Government agencies49,637 — 49,637 — 
Municipal155,489 — 55,088 100,401 
Corporate notes 82,939 — 82,939 — 
Mortgage-backed2,710,833 — 2,710,833 — 
Trading account securities852 — 852 — 
Equity securities with readily determinable fair value92,689 84,623 8,066 — 
Mortgage loans held-for-sale606,545 — 606,545 — 
Loans held-for-investment57,984 — 13,520 44,464 
MSRs199,146 — — 199,146 
Nonqualified deferred compensation assets15,447 — 15,447 — 
Derivative assets153,534 — 150,087 3,447 
Total$4,125,095 $84,623 $3,693,014 $347,458 
Derivative liabilities$122,107 $— $122,107 $— 
December 31, 2021
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
U.S. Government agencies52,507 — 52,507 — 
Municipal165,594 — 59,907 105,687 
Corporate notes 95,704 — 95,704 — 
Mortgage-backed2,013,988 — 2,013,988 — 
Trading account securities1,061 — 1,061 — 
Equity securities with readily determinable fair value90,511 82,445 8,066 — 
Mortgage loans held-for-sale817,912 — 817,912 — 
Loans held-for-investment38,598 — 22,707 15,891 
MSRs147,571 — — 147,571 
Nonqualified deferred compensation assets16,240 — 16,240 — 
Derivative assets165,008 — 154,448 10,560 
Total$3,604,694 $82,445 $3,242,540 $279,709 
Derivative liabilities$123,000 $— $123,000 $— 

March 31, 2021
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$65,001 $65,001 $— $— 
U.S. Government agencies81,526 — 79,742 1,784 
Municipal148,300 — 46,552 101,748 
Corporate notes 92,349 — 92,349 — 
Mortgage-backed2,043,573 — 2,043,573 — 
Trading account securities951 — 951 — 
Equity securities with readily determinable fair value90,338 82,272 8,066 — 
Mortgage loans held-for-sale1,260,193 — 1,260,193 — 
Loans held-for-investment51,916 — 45,508 6,408 
MSRs124,316 — — 124,316 
Nonqualified deferred compensation assets15,891 — 15,891 — 
Derivative assets253,509 — 227,875 25,634 
Total$4,227,863 $147,273 $3,820,700 $259,890 
Derivative liabilities$200,758 $— $200,758 $— 
Summary Of Changes In Level 3 Assets And Liabilities Measured At Fair Value On A Recurring Basis
The changes in Level 3 assets measured at fair value on a recurring basis during the three months ended March 31, 2022 and 2021 are summarized as follows:
U.S. Government agenciesLoans held-for- investmentMortgage
servicing rights		Derivative assets
(In thousands)Municipal
Balance at January 1, 2022$105,687 $— $15,891 $147,571 $10,560 
Total net gains (losses) included in:
Net income (1)
— — (772)51,575 (7,113)
Other comprehensive income (loss)(5,449)— — — — 
Purchases1,246 — — — — 
Issuances— — — — — 
Sales— — — — — 
Settlements(1,083)— (1,667)— — 
Net transfers into/(out of) Level 3
— — 31,012 — — 
Balance at March 31, 2022$100,401 $— $44,464 $199,146 $3,447 
U.S. Government agenciesLoans held-for- investmentMortgage
servicing rights		Derivative assets
(In thousands)Municipal
Balance at January 1, 2021$109,876 $1,966 $10,280 $92,081 $48,091 
Total net gains (losses) included in:
Net income (1)
— — (530)32,235 (22,457)
Other comprehensive income (loss)(2,068)(24)— — — 
Purchases— — — — — 
Issuances— — — — — 
Sales— — — — — 
Settlements(6,060)(158)(3,918)— — 
Net transfers into/(out of) Level 3— — 576 — — 
Balance at March 31, 2021$101,748 $1,784 $6,408 $124,316 $25,634 
(1)Changes in the balance of MSRs and derivative assets related to fair value adjustments are recorded as components of mortgage banking revenue. Changes in the balance of loans held-for-investment related to fair value adjustments are recorded as other non-interest income.
Summary Of Assets Measured At Fair Value On A Nonrecurring Basis For assets measured at fair value on a non-recurring basis that were still held in the balance sheet at the end of the period, the following table provides the carrying value of the related individual assets or portfolios at March 31, 2022:
March 31, 2022
Three Months Ended March 31, 2022
Fair Value Losses Recognized, net
(In thousands)TotalLevel 1Level 2Level 3
Individually assessed loans - foreclosure probable and collateral-dependent$44,844 $— $— $44,844 $2,880 
Other real estate owned (1)
6,203 — — 6,203 — 
Total$51,047 $— $— $51,047 $2,880 
(1)Fair value losses recognized, net on other real estate owned include valuation adjustments and charge-offs during the respective period.
Schedule Of Valuation Techniques And Significant Unobservable Inputs Used To Measure Both Recurring And NonRecurring
The valuation techniques and significant unobservable inputs used to measure both recurring and non-recurring Level 3 fair value measurements at March 31, 2022 were as follows:
(Dollars in thousands)Fair ValueValuation MethodologySignificant Unobservable InputRange
of Inputs		Weighted
Average
of Inputs		Impact to valuation
from an increased or
higher input value
Measured at fair value on a recurring basis:
Municipal Securities$100,401 Bond pricingEquivalent ratingBBB-AA+N/AIncrease
Loans held-for-investment44,464 Discounted cash flowsDiscount rate
4.00% - 4.25%
4.25%Decrease
Credit discount
0% - 3%
0.36%Decrease
Constant prepayment rate (CPR)7.11%7.11%Decrease
MSRs199,146 Discounted cash flowsDiscount rate
6% - 19%
9.79%Decrease
Constant prepayment rate (CPR)
0% - 100%
7.11%Decrease
Cost of servicing
$70 - $200
$75 Decrease
Cost of servicing - delinquent
$200 - 1,000
$305 Decrease
Derivatives3,447 Discounted cash flowsPull-through rate
0% - 100%
87.1 %Increase
Measured at fair value on a non-recurring basis:
Individually assessed loans - foreclosure probable and collateral-dependent44,844 Appraisal valueAppraisal adjustment - cost of sale10%10.00%Decrease
Other real estate owned6,203 Appraisal valueAppraisal adjustment - cost of sale10%10.00%Decrease
Summary Of Carrying Amounts And Estimated Fair Values Of Financial Instruments The table below presents the carrying amounts and estimated fair values of the Company’s financial instruments as of the dates shown:
At March 31, 2022At December 31, 2021At March 31, 2021
CarryingFairCarryingFairCarryingFair
(In thousands)ValueValueValueValueValueValue
Financial Assets:
Cash and cash equivalents$462,572 $462,572 $411,205 $411,205 $426,377 $426,377 
Securities sold under agreements to repurchase with original maturities exceeding three months700,000 700,000 700,000 700,000 — — 
Interest-bearing deposits with banks4,013,597 4,013,597 5,372,603 5,372,603 3,348,794 3,348,794 
Available-for-sale securities2,998,898 2,998,898 2,327,793 2,327,793 2,430,749 2,430,749 
Held-to-maturity securities3,435,729 3,146,427 2,942,285 2,900,694 2,166,419 2,121,065 
Trading account securities852 852 1,061 1,061 951 951 
Equity securities with readily determinable fair value92,689 92,689 90,511 90,511 90,338 90,338 
FHLB and FRB stock, at cost136,163 136,163 135,378 135,378 135,881 135,881 
Brokerage customer receivables22,888 22,888 26,068 26,068 19,056 19,056 
Mortgage loans held-for-sale, at fair value606,545 606,545 817,912 817,912 1,260,193 1,260,193 
Loans held-for-investment, at fair value57,984 57,984 38,598 38,598 51,916 51,916 
Loans held-for-investment, at amortized cost35,222,563 35,989,840 34,750,506 35,297,878 33,119,317 33,066,760 
Nonqualified deferred compensation assets15,447 15,447 16,240 16,240 15,891 15,891 
Derivative assets153,534 153,534 165,008 165,008 253,509 253,509 
Accrued interest receivable and other278,873 278,873 268,921 268,921 281,020 281,020 
Total financial assets$48,198,334 $48,676,309 $48,064,089 $48,569,870 $43,600,411 $43,502,500 
Financial Liabilities
Non-maturity deposits$38,483,327 $38,483,327 $38,126,796 $38,126,796 $33,061,502 $33,061,502 
Deposits with stated maturities3,735,995 3,735,750 3,968,789 3,965,372 4,811,150 4,801,257 
FHLB advances1,241,071 1,193,080 1,241,071 1,186,280 1,228,436 1,121,269 
Other borrowings482,516 483,202 494,136 494,670 516,877 516,877 
Subordinated notes437,033 446,711 436,938 472,684 436,595 458,832 
Junior subordinated debentures253,566 268,913 253,566 212,226 253,566 208,132 
Derivative liabilities122,107 122,107 123,000 123,000 200,758 200,758 
Accrued interest payable14,269 14,269 9,304 9,304 19,940 19,940 
Total financial liabilities$44,769,884 $44,747,359 $44,653,600 $44,590,332 $40,528,824 $40,388,567