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Fair Values of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 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:
June 30, 2022
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
U.S. Government agencies48,087 — 48,087 — 
Municipal166,705 — 53,220 113,485 
Corporate notes 89,813 — 89,813 — 
Mortgage-backed2,665,516 — 2,665,516 — 
Trading account securities1,010 — 1,010 — 
Equity securities with readily determinable fair value93,295 85,229 8,066 — 
Mortgage loans held-for-sale513,232 — 424,269 88,963 
Loans held-for-investment122,757 — 37,959 84,798 
MSRs212,664 — — 212,664 
Nonqualified deferred compensation assets13,936 — 13,936 — 
Derivative assets183,925 — 177,276 6,649 
Total$4,110,940 $85,229 $3,519,152 $506,559 
Derivative liabilities$167,857 $— $167,857 $— 
December 31, 2021
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
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 $— 

June 30, 2021
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
U.S. Government agencies78,854 — 78,854 — 
Municipal168,296 — 50,690 117,606 
Corporate notes 98,542 — 98,542 — 
Mortgage-backed1,842,916 — 1,842,916 — 
Trading account securities2,667 — 2,667 — 
Equity securities with readily determinable fair value86,316 78,250 8,066 — 
Mortgage loans held-for-sale984,994 — 984,994 — 
Loans held-for-investment55,340 — 44,333 11,007 
MSRs127,604 — — 127,604 
Nonqualified deferred compensation assets16,590 — 16,590 — 
Derivative assets212,380 — 189,810 22,570 
Total$3,674,499 $78,250 $3,317,462 $278,787 
Derivative liabilities$193,439 $— $193,439 $— 
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 and six months ended June 30, 2022 and 2021 are summarized as follows:
Mortgage loans held-for-saleU.S. Government agenciesLoans held-for- investmentMortgage
servicing rights		Derivative assets
(In thousands)Municipal
Balance at April 1, 2022$100,401 $— $— $44,464 $199,146 $3,447 
Total net gains (losses) included in:
Net income (1)
— (2,900)— (1,775)13,518 3,202 
Other comprehensive income (loss)(685)— — — — — 
Purchases15,497 — — — — — 
Issuances— — — — — — 
Sales— — — — — — 
Settlements(1,728)— — (7,231)— — 
Net transfers into/(out of) Level 3
— 91,863 — 49,340 — — 
Balance at June 30, 2022$113,485 $88,963 $— $84,798 $212,664 $6,649 
Mortgage loans held-for-saleU.S. Government agenciesLoans held-for- investmentMortgage
servicing rights		Derivative assets
(In thousands)Municipal
Balance at April 1, 2021$101,748 $— $1,784 $6,408 $124,316 $25,634 
Total net gains (losses) included in:
Net income (1)
— — (4)167 3,288 (3,064)
Other comprehensive income (loss)(374)— — — — 
Purchases18,163 — — — — — 
Issuances— — — — — — 
Sales— — — — — — 
Settlements(1,931)— (1,780)(59)— — 
Net transfers into/(out of) Level 3— — — 4,491 — — 
Balance at June 30, 2021$117,606 $— $— $11,007 $127,604 $22,570 
Mortgage loans held-for-saleU.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)
— (2,900)— (2,547)65,093 (3,911)
Other comprehensive income (loss)(6,134)— — — — — 
Purchases16,743 — — — — — 
Issuances— — — — — — 
Sales— — — — — — 
Settlements(2,811)— — (8,898)— — 
Net transfers into/(out of) Level 3
— 91,863 — 80,352 — — 
Balance at June 30, 2022$113,485 $88,963 $— $84,798 $212,664 $6,649 
(1)Changes in the balance of MSRs, mortgage loans held-for-sale 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.
Mortgage loans held-for-saleU.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)
— — (4)(363)35,523 (25,521)
Other comprehensive income (loss)(2,442)— (24)— — — 
Purchases18,163 — — — — — 
Issuances— — — — — — 
Sales— — — — — — 
Settlements(7,991)— (1,938)(3,977)— — 
Net transfers into/(out of) Level 3— — — 5,067 — — 
Balance at June 30, 2021$117,606 $— $— $11,007 $127,604 $22,570 
(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 June 30, 2022:
June 30, 2022
Three Months Ended June 30, 2022
Fair Value Losses Recognized, net
Six Months Ended June 30, 2022
Fair Value Losses Recognized, net
(In thousands)TotalLevel 1Level 2Level 3
Individually assessed loans - foreclosure probable and collateral-dependent$59,921 $— $— $59,921 $9,161 $12,041 
Other real estate owned (1)
6,839 — — 6,839 282 282 
Total$66,760 $— $— $66,760 $9,443 $12,323 
(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 June 30, 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$113,485 Bond pricingEquivalent ratingBBB-AA+N/AIncrease
Mortgage loans held-for-sale88,963 Discounted cash flowsDiscount rate
4.80%
4.80%Decrease
Credit discount
0% - 8%
0.29%Decrease
Loans held-for-investment84,798 Discounted cash flowsDiscount rate
4.80% - 5.38%
4.86%Decrease
Credit discount
0% - 8%
0.65%Decrease
Constant prepayment rate (CPR) - current loans
6.82%
6.82%Decrease
Average life - delinquent loans (in years)
1.0 year - 11.0 years
2.5 yearsDecrease
MSRs212,664 Discounted cash flowsDiscount rate
7% - 19%
9.80%Decrease
Constant prepayment rate (CPR)
0% - 90%
6.82%Decrease
Cost of servicing
$70 - $200
$75 Decrease
Cost of servicing - delinquent
$200 - 1,000
$318 Decrease
Derivatives6,649 Discounted cash flowsPull-through rate
22% - 100%
84.9 %Increase
Measured at fair value on a non-recurring basis:
Individually assessed loans - foreclosure probable and collateral-dependent59,921 Appraisal valueAppraisal adjustment - cost of sale10%10.00%Decrease
Other real estate owned6,839 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 June 30, 2022At December 31, 2021At June 30, 2021
CarryingFairCarryingFairCarryingFair
(In thousands)ValueValueValueValueValueValue
Financial Assets:
Cash and cash equivalents$498,947 $498,947 $411,205 $411,205 $435,009 $435,009 
Securities sold under agreements to repurchase with original maturities exceeding three months475,000 475,000 700,000 700,000 — — 
Interest-bearing deposits with banks3,266,541 3,266,541 5,372,603 5,372,603 4,707,415 4,707,415 
Available-for-sale securities2,970,121 2,970,121 2,327,793 2,327,793 2,188,608 2,188,608 
Held-to-maturity securities3,413,469 2,900,269 2,942,285 2,900,694 2,498,232 2,480,232 
Trading account securities1,010 1,010 1,061 1,061 2,667 2,667 
Equity securities with readily determinable fair value93,295 93,295 90,511 90,511 86,316 86,316 
FHLB and FRB stock, at cost136,138 136,138 135,378 135,378 136,625 136,625 
Brokerage customer receivables21,527 21,527 26,068 26,068 23,093 23,093 
Mortgage loans held-for-sale, at fair value513,232 513,232 817,912 817,912 984,994 984,994 
Loans held-for-investment, at fair value122,757 122,757 38,598 38,598 55,340 55,340 
Loans held-for-investment, at amortized cost36,930,346 36,165,838 34,750,506 35,297,878 32,855,847 32,831,405 
Nonqualified deferred compensation assets13,936 13,936 16,240 16,240 16,590 16,590 
Derivative assets183,925 183,925 165,008 165,008 212,380 212,380 
Accrued interest receivable and other283,626 283,626 268,921 268,921 270,087 270,087 
Total financial assets$48,923,870 $47,646,162 $48,064,089 $48,569,870 $44,473,203 $44,430,761 
Financial Liabilities
Non-maturity deposits$38,917,105 $38,917,105 $38,126,796 $38,126,796 $34,440,741 $34,440,741 
Deposits with stated maturities3,676,221 3,683,452 3,968,789 3,965,372 4,363,875 4,352,116 
FHLB advances1,166,071 1,116,429 1,241,071 1,186,280 1,241,071 1,161,457 
Other borrowings482,787 483,592 494,136 494,670 518,493 518,493 
Subordinated notes437,162 434,809 436,938 472,684 436,719 476,683 
Junior subordinated debentures253,566 281,085 253,566 212,226 253,566 206,614 
Derivative liabilities167,857 167,857 123,000 123,000 193,439 193,439 
Accrued interest payable8,233 8,233 9,304 9,304 10,551 10,551 
Total financial liabilities$45,109,002 $45,092,562 $44,653,600 $44,590,332 $41,458,455 $41,360,094