XML 88 R78.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Values of Assets and Liabilities - Narrative (Details)
6 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities $ 4,329,957,000   $ 3,502,915,000 $ 3,492,481,000    
Loans held-for-investment 135,834,000     200,447,000    
MSRs 204,610,000 $ 201,044,000 192,456,000 200,692,000 $ 224,470,000 $ 230,225,000
Individually assessed loans - foreclosure probable and collateral-dependent 118,286,000     73,804,000    
Estimate of Fair Value Measurement            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities 4,329,957,000   3,502,915,000 3,492,481,000    
Remaining contractual principal balance outstanding, mortgage loans held-for-sale 414,100,000   291,700,000 345,700,000    
Remaining contractual principal balance outstanding, mortgage loans held-for-investment 136,100,000   156,900,000 196,600,000    
Non-performing            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Mortgage loans held-for-sale classified as nonaccrual 2,100,000   649,000 582,000    
Mortgage loans held-for-sale classified greater than 90 days past due and still accruing $ 39,400,000   26,600,000 29,600,000    
Weighted Average | Loans held-for-investment            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Life of loans 5 years 10 months 24 days          
Appraisal adjustment - cost of sale | Other real estate owned            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Other real estate owned, measurement input 0.10          
Measured at fair value on a recurring basis:            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Mortgage loans held-for-sale $ 411,851,000   292,722,000 338,728,000    
Loans held-for-investment 135,834,000   155,261,000 193,953,000    
MSRs 204,610,000   192,456,000 200,692,000    
Derivative assets 243,860,000   275,726,000 294,748,000    
Measured at fair value on a non-recurring basis:            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Individually assessed loans - foreclosure probable and collateral-dependent 118,286,000          
Other real estate owned 19,731,000          
Level 3            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Individually assessed loans - foreclosure probable and collateral-dependent 118,300,000          
Level 3 | Portion at Other than Fair Value Measurement            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Individually assessed loans - foreclosure probable and collateral-dependent 0          
Level 3 | Measured at fair value on a recurring basis:            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Mortgage loans held-for-sale 40,545,000   26,835,000 29,406,000    
Loans held-for-investment 45,721,000   60,670,000 61,123,000    
MSRs 204,610,000   192,456,000 200,692,000    
Derivative assets $ 4,795,000   4,510,000 3,487,000    
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Weighted Average | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 0.1098          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Weighted Average | Mortgage loans held-for-sale            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.0683          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Weighted Average | Loans held-for-investment            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.0683          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Weighted Average | Mortgage servicing rights            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.1098          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Minimum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 0.01          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Minimum | Mortgage servicing rights            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.01          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Maximum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 0.36          
Level 3 | Measured at fair value on a recurring basis: | Discount rate | Maximum | Mortgage servicing rights            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.36          
Level 3 | Measured at fair value on a recurring basis: | Credit discount | Weighted Average | Mortgage loans held-for-sale            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.0036          
Level 3 | Measured at fair value on a recurring basis: | Credit discount | Weighted Average | Loans held-for-investment            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.0110          
Level 3 | Measured at fair value on a recurring basis: | Credit discount | Minimum | Mortgage loans held-for-sale            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0          
Level 3 | Measured at fair value on a recurring basis: | Credit discount | Minimum | Loans held-for-investment            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0          
Level 3 | Measured at fair value on a recurring basis: | Credit discount | Maximum | Mortgage loans held-for-sale            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.13          
Level 3 | Measured at fair value on a recurring basis: | Credit discount | Maximum | Loans held-for-investment            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.17          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Weighted Average | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 0.0786          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Weighted Average | Loans held-for-investment            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.0786          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Weighted Average | Mortgage servicing rights            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.0786          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Minimum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 0          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Minimum | Mortgage servicing rights            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Maximum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 0.90          
Level 3 | Measured at fair value on a recurring basis: | Constant prepayment rate (CPR) | Maximum | Mortgage servicing rights            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Discount rate 0.90          
Level 3 | Measured at fair value on a recurring basis: | Cost of servicing | Weighted Average | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 77          
Level 3 | Measured at fair value on a recurring basis: | Cost of servicing | Minimum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input | $ / shares 70          
Level 3 | Measured at fair value on a recurring basis: | Cost of servicing | Maximum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input | $ / shares 200          
Level 3 | Measured at fair value on a recurring basis: | Cost of servicing - delinquent | Weighted Average | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input 361          
Level 3 | Measured at fair value on a recurring basis: | Cost of servicing - delinquent | Minimum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input | $ / shares 200          
Level 3 | Measured at fair value on a recurring basis: | Cost of servicing - delinquent | Maximum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
MSRs, measurement input | $ / shares 1,000          
Level 3 | Measured at fair value on a recurring basis: | Pull-through rate | Weighted Average | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Derivatives, measurement input 0.8117          
Level 3 | Measured at fair value on a recurring basis: | Pull-through rate | Minimum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Derivatives, measurement input 0.04          
Level 3 | Measured at fair value on a recurring basis: | Pull-through rate | Maximum | Discounted cash flows            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Derivatives, measurement input 1          
Level 3 | Measured at fair value on a non-recurring basis:            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Individually assessed loans - foreclosure probable and collateral-dependent $ 118,286,000          
Other real estate owned 19,731,000          
Municipal securities            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities 146,608,000   140,958,000 167,411,000    
Municipal securities | Measured at fair value on a recurring basis:            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities 146,608,000   140,958,000 167,411,000    
Municipal securities | Level 3 | Measured at fair value on a recurring basis:            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities $ 95,792,000   $ 86,237,000 $ 114,155,000