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Fair Values of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2023
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
U.S. government agencies74,275 — 74,275 — 
Municipal167,411 — 53,256 114,155 
Corporate notes 72,060 — 72,060 — 
Mortgage-backed3,178,735 — 3,178,735 — 
Trading account securities3,027 — 3,027 — 
Equity securities with readily determinable fair value116,275 108,209 8,066 — 
Mortgage loans held-for-sale338,728 — 309,322 29,406 
Loans held-for-investment193,953 — 132,830 61,123 
MSRs200,692 — — 200,692 
Nonqualified deferred compensation assets14,796 — 14,796 — 
Derivative assets294,748 — 291,261 3,487 
Total$4,654,700 $108,209 $4,137,628 $408,863 
Derivative liabilities$391,172 $— $391,172 $— 

December 31, 2022
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$14,948 $14,948 $— $— 
U.S. government agencies74,222 — 74,222 — 
Municipal168,655 — 51,118 117,537 
Corporate notes 85,705 — 85,705 — 
Mortgage-backed2,899,487 — 2,899,487 — 
Trading account securities1,127 — 1,127 — 
Equity securities with readily determinable fair value110,365 102,299 8,066 — 
Mortgage loans held-for-sale299,935 — 251,280 48,655 
Loans held-for-investment179,932 — 95,767 84,165 
MSRs230,225 — — 230,225 
Nonqualified deferred compensation assets13,899 — 13,899 — 
Derivative assets296,848 — 295,137 1,711 
Total$4,375,348 $117,247 $3,775,808 $482,293 
Derivative liabilities$338,078 $— $338,078 $— 
June 30, 2022
(In thousands)TotalLevel 1Level 2Level 3
Available-for-sale securities
U.S. Treasury$— $— $— $— 
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 $— 
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, 2023 and 2022 are summarized as follows:
Mortgage loans held-for-saleLoans held-for- investmentMortgage
servicing rights		Derivative assets
(In thousands)Municipal
Balance at April 1, 2023$112,257 $44,250 $69,493 $224,470 $5,356 
Total net (losses) gains included in:
Net income (1)
— 402 (619)6,392 (1,869)
Other comprehensive income or loss(3,161)— — — — 
Purchases6,978 — — — — 
Issuances— — — — — 
Sales— — — (30,170)— 
Settlements(1,919)(23,973)(16,593)— — 
Net transfers into Level 3
— 8,727 8,842 — — 
Balance at June 30, 2023$114,155 $29,406 $61,123 $200,692 $3,487 
(1)Changes in the balance of mortgage loans held-for-sale, 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.
Mortgage loans held-for-saleLoans 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 (losses) gains included in:
Net income (1)
— (2,900)(1,775)13,518 3,202 
Other comprehensive income or loss(685)— — — — 
Purchases15,497 — — — — 
Issuances— — — — — 
Sales— — — — — 
Settlements(1,728)— (7,231)— — 
Net transfers into 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-saleLoans held-for- investmentMortgage
servicing rights		Derivative Assets
(In thousands)Municipal
Balance at January 1, 2023
$117,537 $48,655 $84,165 $230,225 $1,711 
Total net (losses) gains included in:
Net income (1)
— 868 (255)637 1,776 
Other comprehensive income or loss(4,823)— — — — 
Purchases11,396 — — — — 
Issuances— — — — — 
Sales— — — (30,170)— 
Settlements(9,955)(42,592)(36,915)— — 
Net transfers into Level 3
— 22,475 14,128 — — 
Balance at June 30, 2023$114,155 $29,406 $61,123 $200,692 $3,487 

Mortgage loans held-for-saleLoans 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 (losses) gains included in:
Net income (1)
— (2,900)(2,547)65,093 (3,911)
Other comprehensive income or loss(6,134)— — — — 
Purchases16,743 — — — — 
Issuances— — — — — 
Sales— — — — — 
Settlements(2,811)— (8,898)— — 
Net transfers into 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 mortgage loans held-for-sale, 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, 2023:
June 30, 2023
Three Months Ended June 30, 2023
Fair Value Losses Recognized, net
Six Months Ended June 30, 2023
Fair Value Losses Recognized, net
(In thousands)TotalLevel 1Level 2Level 3
Individually assessed loans - foreclosure probable and collateral-dependent$73,804 $— $— $73,804 $11,635 $14,136 
Other real estate owned (1)
11,586 — — 11,586 — 104 
Total$85,390 $— $— $85,390 $11,635 $14,240 
(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, 2023 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$114,155 Bond pricingEquivalent ratingBBB-AA+N/AIncrease
Mortgage loans held-for-sale29,406 Discounted cash flowsDiscount rate
6.50%
6.50%Decrease
Credit discount
0% - 13%
0.42%Decrease
Loans held-for-investment61,123 Discounted cash flowsDiscount rate
6.50% - 7.25%
6.57%Decrease
Credit discount
0% - 14%
0.89%Decrease
Constant prepayment rate (CPR) - current loans
7.01%
7.01%Decrease
Average life - delinquent loans (in years)
2.7 years - 10.5 years
6.2 yearsDecrease
MSRs200,692 Discounted cash flowsDiscount rate
2% - 21%
10.50%Decrease
Constant prepayment rate (CPR)
0% - 100%
7.01%Decrease
Cost of servicing
$70 - $200
$77 Decrease
Cost of servicing - delinquent
$200 - 1,000
$405 Decrease
Derivatives3,487 Discounted cash flowsPull-through rate
13% - 100%
83.16 %Increase
Measured at fair value on a non-recurring basis:
Individually assessed loans - foreclosure probable and collateral-dependent73,804 Appraisal valueAppraisal adjustment - cost of sale10%10.00%Decrease
Other real estate owned11,586 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, 2023At December 31, 2022At June 30, 2022
CarryingFairCarryingFairCarryingFair
(In thousands)ValueValueValueValueValueValue
Financial Assets:
Cash and cash equivalents$513,917 $513,917 $490,966 $490,966 $498,947 $498,947 
Securities sold under agreements to repurchase with original maturities exceeding three months— — — — 475,000 475,000 
Interest-bearing deposits with banks2,163,708 2,163,708 1,988,719 1,988,719 3,266,541 3,266,541 
Available-for-sale securities3,492,481 3,492,481 3,243,017 3,243,017 2,970,121 2,970,121 
Held-to-maturity securities3,564,473 2,887,891 3,640,567 2,949,821 3,413,469 2,900,269 
Trading account securities3,027 3,027 1,127 1,127 1,010 1,010 
Equity securities with readily determinable fair value116,275 116,275 110,365 110,365 93,295 93,295 
FHLB and FRB stock, at cost195,117 195,117 224,759 224,759 136,138 136,138 
Brokerage customer receivables15,722 15,722 16,387 16,387 21,527 21,527 
Mortgage loans held-for-sale, at fair value338,728 338,728 299,935 299,935 513,232 513,232 
Loans held-for-investment, at fair value193,953 193,953 179,932 179,932 122,757 122,757 
Loans held-for-investment, at amortized cost40,829,455 40,142,976 39,016,553 38,018,678 36,930,346 36,165,838 
Nonqualified deferred compensation assets14,796 14,796 13,899 13,899 13,936 13,936 
Derivative assets294,748 294,748 296,848 296,848 183,925 183,925 
Accrued interest receivable and other434,553 434,553 379,719 379,719 283,626 283,626 
Total financial assets$52,170,953 $50,807,892 $49,902,793 $48,214,172 $48,923,870 $47,646,162 
Financial Liabilities
Non-maturity deposits$37,682,437 $37,682,437 $38,167,409 $38,167,409 $38,917,105 $38,917,105 
Deposits with stated maturities6,356,270 6,300,161 4,735,135 4,085,058 3,676,221 3,683,452 
FHLB advances2,026,071 2,072,317 2,316,071 2,219,983 1,166,071 1,116,429 
Other borrowings665,219 662,156 596,614 569,342 482,787 483,592 
Subordinated notes437,628 405,762 437,392 409,395 437,162 434,809 
Junior subordinated debentures253,566 253,562 253,566 253,405 253,566 281,085 
Derivative liabilities391,172 391,172 338,078 338,078 167,857 167,857 
Accrued interest payable45,359 45,359 22,176 22,176 8,233 8,233 
Total financial liabilities$47,857,722 $47,812,926 $46,866,441 $46,064,846 $45,109,002 $45,092,562