XML 57 R42.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value Measurement and Fair Value of Financial Instruments - Financial Assets and Liabilities Measurement on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments in qualified affordable housing partnerships, tax credit and other investments, net:    
Total investments in qualified affordable housing partnerships, tax credit and other investments, net $ 815,471 $ 763,256
Derivative    
Derivative assets - Fair value 765,161 755,328
Net derivative assets 292,733 140,545
Derivative liabilities - Fair value 811,725 887,264
Net derivative liabilities 603,542 644,519
Fair Value, Measurements, Recurring    
Available-for-sale debt securities    
Fair Value 5,987,258 6,034,993
Investments in qualified affordable housing partnerships, tax credit and other investments, net:    
Equity securities 24,159 23,954
Total investments in qualified affordable housing partnerships, tax credit and other investments, net 24,159 23,954
Derivative    
Derivative assets - Fair value 765,161 755,328
Netting adjustments (472,428) (614,783)
Net derivative assets 292,733 140,545
Derivative liabilities - Fair value 811,725 887,264
Netting adjustments (208,183) (242,745)
Net derivative liabilities 603,542 644,519
Fair Value, Measurements, Recurring | Interest rate contracts    
Derivative    
Derivative assets - Fair value 530,235 440,283
Derivative liabilities - Fair value 591,447 584,516
Fair Value, Measurements, Recurring | Foreign exchange contracts    
Derivative    
Derivative assets - Fair value 95,582 53,109
Derivative liabilities - Fair value 72,342 44,117
Fair Value, Measurements, Recurring | Equity contracts    
Derivative    
Derivative assets - Fair value 263 323
Fair Value, Measurements, Recurring | Credit contracts    
Derivative    
Derivative liabilities - Fair value 16 23
Fair Value, Measurements, Recurring | Commodity contracts    
Derivative    
Derivative assets - Fair value 139,081 261,613
Derivative liabilities - Fair value 147,920 258,608
Fair Value, Measurements, Recurring | U.S. Treasury securities    
Available-for-sale debt securities    
Fair Value 711,706 606,203
Fair Value, Measurements, Recurring | U.S. government agency and U.S. government-sponsored enterprise debt securities    
Available-for-sale debt securities    
Fair Value 460,084 461,607
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 478,777 500,269
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 1,721,237 1,762,195
Fair Value, Measurements, Recurring | Municipal securities    
Available-for-sale debt securities    
Fair Value 263,873 257,099
Fair Value, Measurements, Recurring | Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 384,051 398,329
Fair Value, Measurements, Recurring | Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 608,574 649,224
Fair Value, Measurements, Recurring | Corporate debt securities    
Available-for-sale debt securities    
Fair Value 485,750 526,274
Fair Value, Measurements, Recurring | Foreign government bonds    
Available-for-sale debt securities    
Fair Value 224,766 227,053
Fair Value, Measurements, Recurring | Asset-backed securities    
Available-for-sale debt securities    
Fair Value 44,875 49,076
Fair Value, Measurements, Recurring | Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value 603,565 597,664
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Available-for-sale debt securities    
Fair Value 711,706 606,203
Investments in qualified affordable housing partnerships, tax credit and other investments, net:    
Equity securities 19,991 19,777
Total investments in qualified affordable housing partnerships, tax credit and other investments, net 19,991 19,777
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) | Equity contracts    
Derivative    
Derivative assets - Fair value 0 0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Credit contracts    
Derivative    
Derivative liabilities - 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 711,706 606,203
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 5,275,552 5,428,790
Investments in qualified affordable housing partnerships, tax credit and other investments, net:    
Equity securities 4,168 4,177
Total investments in qualified affordable housing partnerships, tax credit and other investments, net 4,168 4,177
Derivative    
Derivative assets - Fair value 764,898 755,005
Netting adjustments (472,428) (614,783)
Net derivative assets 292,470 140,222
Derivative liabilities - Fair value 811,725 887,264
Netting adjustments (208,183) (242,745)
Net derivative liabilities 603,542 644,519
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate contracts    
Derivative    
Derivative assets - Fair value 530,235 440,283
Derivative liabilities - Fair value 591,447 584,516
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign exchange contracts    
Derivative    
Derivative assets - Fair value 95,582 53,109
Derivative liabilities - Fair value 72,342 44,117
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Equity contracts    
Derivative    
Derivative assets - Fair value 0 0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Credit contracts    
Derivative    
Derivative liabilities - Fair value 16 23
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Commodity contracts    
Derivative    
Derivative assets - Fair value 139,081 261,613
Derivative liabilities - Fair value 147,920 258,608
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 460,084 461,607
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 478,777 500,269
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 1,721,237 1,762,195
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Municipal securities    
Available-for-sale debt securities    
Fair Value 263,873 257,099
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Non-agency commercial mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 384,051 398,329
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Non-agency residential mortgage-backed securities    
Available-for-sale debt securities    
Fair Value 608,574 649,224
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Corporate debt securities    
Available-for-sale debt securities    
Fair Value 485,750 526,274
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Foreign government bonds    
Available-for-sale debt securities    
Fair Value 224,766 227,053
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities    
Available-for-sale debt securities    
Fair Value 44,875 49,076
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Collateralized loan obligations (“CLOs”)    
Available-for-sale debt securities    
Fair Value 603,565 597,664
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)    
Available-for-sale debt securities    
Fair Value 0 0
Investments in qualified affordable housing partnerships, tax credit and other investments, net:    
Equity securities 0 0
Total investments in qualified affordable housing partnerships, tax credit and other investments, net 0 0
Derivative    
Derivative assets - Fair value 263 323
Netting adjustments 0 0
Net derivative assets 263 323
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) | Equity contracts    
Derivative    
Derivative assets - Fair value 263 323
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Credit contracts    
Derivative    
Derivative liabilities - Fair value 0 0
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