XML 56 R38.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurement and Fair Value of Financial Instruments (Financial Assets and Liabilities Measurement on Recurring Basis) (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Available-for-sale debt securities    
Fair Value $ 9,713,006 $ 5,544,658
Equity Securities, FV-NI and with Readily Determinable Fair Value [Abstract]    
Total investments in tax credit and other investments 367,428 266,525
Derivative    
Derivative assets - Fair value 694,010 602,754
Net derivative assets 528,527 501,242
Derivative liabilities - Fair value 561,788 424,828
Net derivative liabilities 219,169 240,131
U.S. Treasury securities    
Available-for-sale debt securities    
Fair Value 941,724 50,761
U.S. government agency and U.S. government-sponsored enterprise debt securities    
Available-for-sale debt securities    
Fair Value 1,363,109 814,319
U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 1,274,467 1,153,770
U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 2,791,064 1,660,894
Municipal securities    
Available-for-sale debt securities    
Fair Value 501,489 396,073
Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 464,770 239,842
Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 901,256 289,775
Corporate debt securities    
Available-for-sale debt securities    
Fair Value 618,671 405,968
Foreign government bonds    
Available-for-sale debt securities    
Fair Value 254,848 182,531
Asset-backed securities    
Available-for-sale debt securities    
Fair Value 76,799 63,231
Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value 524,809 287,494
Fair Value, Measurements, Recurring    
Available-for-sale debt securities    
Fair Value 9,713,006 5,544,658
Equity Securities, FV-NI and with Readily Determinable Fair Value [Abstract]    
Equity securities 26,785 31,272
Total investments in tax credit and other investments 26,785 31,272
Derivative    
Derivative assets - Fair value 694,010 602,754
Netting adjustments (165,483) (101,512)
Net derivative assets 528,527 501,242
Derivative liabilities - Fair value 561,788 424,828
Netting adjustments (342,619) (184,697)
Net derivative liabilities 219,169 240,131
Fair Value, Measurements, Recurring | Interest rate contracts    
Derivative    
Derivative assets - Fair value 298,831 489,132
Derivative liabilities - Fair value 213,328 317,698
Fair Value, Measurements, Recurring | Foreign exchange contracts    
Derivative    
Derivative assets - Fair value 31,875 30,300
Derivative liabilities - Fair value 24,313 22,759
Fair Value, Measurements, Recurring | Credit contracts    
Derivative    
Derivative assets - Fair value 15 13
Derivative liabilities - Fair value 120 206
Fair Value, Measurements, Recurring | Equity contracts    
Derivative    
Derivative assets - Fair value 226 858
Fair Value, Measurements, Recurring | Commodity contracts    
Derivative    
Derivative assets - Fair value 363,063 82,451
Derivative liabilities - Fair value 324,027 84,165
Fair Value, Measurements, Recurring | U.S. Treasury securities    
Available-for-sale debt securities    
Fair Value 941,724 50,761
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government-sponsored enterprise debt securities    
Available-for-sale debt securities    
Fair Value 1,363,109 814,319
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 1,274,467 1,153,770
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 2,791,064 1,660,894
Fair Value, Measurements, Recurring | Municipal securities    
Available-for-sale debt securities    
Fair Value 501,489 396,073
Fair Value, Measurements, Recurring | Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 464,770 239,842
Fair Value, Measurements, Recurring | Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 901,256 289,775
Fair Value, Measurements, Recurring | Corporate debt securities    
Available-for-sale debt securities    
Fair Value 618,671 405,968
Fair Value, Measurements, Recurring | Foreign government bonds    
Available-for-sale debt securities    
Fair Value 254,848 182,531
Fair Value, Measurements, Recurring | Asset-backed securities    
Available-for-sale debt securities    
Fair Value 76,799 63,231
Fair Value, Measurements, Recurring | Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value 524,809 287,494
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Available-for-sale debt securities    
Fair Value 941,724 50,761
Equity Securities, FV-NI and with Readily Determinable Fair Value [Abstract]    
Equity securities 22,289 22,548
Total investments in tax credit and other investments 22,289 22,548
Derivative    
Derivative assets - Fair value 0 0
Netting adjustments 0 0
Net derivative assets 0 0
Derivative liabilities - Fair value 0 0
Netting adjustments 0 0
Net derivative liabilities 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign exchange contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Credit contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity contracts    
Derivative    
Derivative assets - Fair value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commodity contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury securities    
Available-for-sale debt securities    
Fair Value 941,724 50,761
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency and U.S. government-sponsored enterprise debt securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign government bonds    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)    
Available-for-sale debt securities    
Fair Value 8,771,282 5,493,897
Equity Securities, FV-NI and with Readily Determinable Fair Value [Abstract]    
Equity securities 4,496 8,724
Total investments in tax credit and other investments 4,496 8,724
Derivative    
Derivative assets - Fair value 693,790 602,481
Netting adjustments (165,483) (101,512)
Net derivative assets 528,307 500,969
Derivative liabilities - Fair value 561,788 424,828
Netting adjustments (342,619) (184,697)
Net derivative liabilities 219,169 240,131
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate contracts    
Derivative    
Derivative assets - Fair value 298,831 489,132
Derivative liabilities - Fair value 213,328 317,698
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign exchange contracts    
Derivative    
Derivative assets - Fair value 31,875 30,300
Derivative liabilities - Fair value 24,313 22,759
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Credit contracts    
Derivative    
Derivative assets - Fair value 15 13
Derivative liabilities - Fair value 120 206
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Equity contracts    
Derivative    
Derivative assets - Fair value 6 585
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commodity contracts    
Derivative    
Derivative assets - Fair value 363,063 82,451
Derivative liabilities - Fair value 324,027 84,165
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. Treasury securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency and U.S. government-sponsored enterprise debt securities    
Available-for-sale debt securities    
Fair Value 1,363,109 814,319
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 1,274,467 1,153,770
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 2,791,064 1,660,894
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Municipal securities    
Available-for-sale debt securities    
Fair Value 501,489 396,073
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 464,770 239,842
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 901,256 289,775
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities    
Available-for-sale debt securities    
Fair Value 618,671 405,968
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign government bonds    
Available-for-sale debt securities    
Fair Value 254,848 182,531
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities    
Available-for-sale debt securities    
Fair Value 76,799 63,231
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value 524,809 287,494
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Available-for-sale debt securities    
Fair Value 0 0
Equity Securities, FV-NI and with Readily Determinable Fair Value [Abstract]    
Equity securities 0 0
Total investments in tax credit and other investments 0 0
Derivative    
Derivative assets - Fair value 220 273
Netting adjustments 0 0
Net derivative assets 220 273
Derivative liabilities - Fair value 0 0
Netting adjustments 0 0
Net derivative liabilities 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest rate contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign exchange contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Credit contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Equity contracts    
Derivative    
Derivative assets - Fair value 220 273
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Commodity contracts    
Derivative    
Derivative assets - Fair value 0 0
Derivative liabilities - Fair value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. Treasury securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. government agency and U.S. government-sponsored enterprise debt securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | U.S. government agency and U.S. government-sponsored enterprise mortgage-backed securities - Residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Municipal securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Corporate debt securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Foreign government bonds    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities    
Available-for-sale debt securities    
Fair Value 0 0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value $ 0 $ 0