XML 88 R78.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Values of Assets and Liabilities - Narrative (Details)
9 Months Ended
Sep. 30, 2024
USD ($)
$ / shares
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities $ 3,912,232,000   $ 3,502,915,000 $ 3,611,835,000    
Loans held-for-investment 138,038,000     171,178,000    
MSRs 186,308,000 $ 204,610,000 192,456,000 210,524,000 $ 200,692,000 $ 230,225,000
Individually assessed loans - foreclosure probable and collateral-dependent 124,586,000     77,937,000    
Estimate of Fair Value Measurement            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities 3,912,232,000   3,502,915,000 3,611,835,000    
Remaining contractual principal balance outstanding, mortgage loans held-for-sale 462,200,000   291,700,000 308,500,000    
Remaining contractual principal balance outstanding, mortgage loans held-for-investment 138,800,000   156,900,000 171,900,000    
Non-performing            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Mortgage loans held-for-sale classified as nonaccrual 2,400,000   649,000 619,000    
Mortgage loans held-for-sale classified greater than 90 days past due and still accruing $ 58,400,000   26,600,000 23,700,000    
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 $ 461,067,000   292,722,000 304,808,000    
Loans held-for-investment 138,038,000   155,261,000 171,178,000    
MSRs 186,308,000   192,456,000 210,524,000    
Derivative assets 255,662,000   275,726,000 323,705,000    
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 124,586,000          
Other real estate owned 13,682,000          
Level 3            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Individually assessed loans - foreclosure probable and collateral-dependent 124,600,000          
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 59,063,000   26,835,000 25,187,000    
Loans held-for-investment 44,775,000   60,670,000 57,961,000    
MSRs 186,308,000   192,456,000 210,524,000    
Derivative assets $ 5,142,000   4,510,000 2,516,000    
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 0.1096          
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 0.0614          
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 0.0614          
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 0.1096          
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 0.06          
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 0.06          
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 0.20          
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 0.20          
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 0.0052          
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 0.0107          
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 0.14          
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 0.39          
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 0.0921          
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 0.0921          
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 0.0921          
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 0.06          
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 0.06          
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 76          
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 386          
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 0.8071          
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 0.01          
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 $ 124,586,000          
Other real estate owned 13,682,000          
Municipal securities            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Available-for-sale securities 200,212,000   140,958,000 168,523,000    
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 200,212,000   140,958,000 168,523,000    
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 $ 135,250,000   $ 86,237,000 $ 113,219,000