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Fair Value Of Financial Instruments
 3 Months Ended
Mar. 31, 2024
Fair Value Of Financial Instruments [Abstract]  
Fair Value Of Financial Instruments Fair Value of Financial Instruments
The carrying amounts and estimated fair values of financial instruments held by the Company are set forth below. Fair value estimates are made at a specific point in time based on relevant market information. They do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for many of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, risk characteristics and economic conditions. These estimates are subjective, involve uncertainties, and cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The estimated fair values of the Company’s financial instruments and the classification of their fair value measurement within the valuation hierarchy are as follows at March 31, 2024 and December 31, 2023:

Carrying Amount
Estimated Fair Value at March 31, 2024

(In thousands)

Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$5,994,974 $— $— $5,844,133 $5,844,133 
Real estate - construction and land
1,497,647 — — 1,470,405 1,470,405 
Real estate - business
3,711,602 — — 3,582,707 3,582,707 
Real estate - personal
3,039,885 — — 2,565,443 2,565,443 
Consumer
2,119,308 — — 2,069,841 2,069,841 
Revolving home equity322,523 — — 319,524 319,524 
Consumer credit card564,388 — — 524,843 524,843 
Overdrafts
48,513 — — 47,310 47,310 
Total loans17,298,840 — — 16,424,206 16,424,206 
Loans held for sale2,328 — 2,328 — 2,328 
Investment securities9,433,421 755,897 8,447,422 230,102 9,433,421 
Securities purchased under agreements to resell225,000 — — 220,549 220,549 
Interest earning deposits with banks1,609,614 1,609,614 — — 1,609,614 
Cash and due from banks291,040 291,040 — — 291,040 
Derivative instruments94,758 — 94,617 141 94,758 
Assets held in trust for deferred compensation plan21,270 21,270 — — 21,270 
       Total$28,976,271 $2,677,821 $8,544,367 $16,874,998 $28,097,186 
Financial Liabilities
Non-interest bearing deposits$7,513,464 $7,513,464 $— $— $7,513,464 
Savings, interest checking and money market deposits14,463,211 14,463,211 — — 14,463,211 
Certificates of deposit2,463,520 — — 2,493,713 2,493,713 
Federal funds purchased264,470 264,470 — — 264,470 
Securities sold under agreements to repurchase2,241,106 — — 2,244,279 2,244,279 
Other borrowings2,327 — 2,327 — 2,327 
Derivative instruments38,546 — 38,440 106 38,546 
Liabilities held in trust for deferred compensation plan21,270 21,270 — — 21,270 
       Total$27,007,914 $22,262,415 $40,767 $4,738,098 $27,041,280 
Carrying Amount
Estimated Fair Value at December 31, 2023

(In thousands)
Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$6,019,036 $— $— $5,873,549 $5,873,549 
Real estate - construction and land
1,446,764 — — 1,420,522 1,420,522 
Real estate - business
3,719,306 — — 3,594,834 3,594,834 
Real estate - personal
3,026,041 — — 2,568,026 2,568,026 
Consumer
2,077,723 — — 2,016,334 2,016,334 
Revolving home equity319,894 — — 317,013 317,013 
Consumer credit card589,913 — — 550,464 550,464 
Overdrafts
6,802 — — 6,649 6,649 
Total loans17,205,479 — — 16,347,391 16,347,391 
Loans held for sale4,177 — 4,177 — 4,177 
Investment securities9,941,786 822,237 8,896,129 223,420 9,941,786 
Federal funds sold5,025 5,025 — — 5,025 
Securities purchased under agreements to resell450,000 — — 444,448 444,448 
Interest earning deposits with banks2,239,010 2,239,010 — — 2,239,010 
Cash and due from banks443,147 443,147 — — 443,147 
Derivative instruments116,876 — 116,710 166 116,876 
Assets held in trust for deferred compensation plan20,538 20,538 — — 20,538 
       Total$30,426,038 $3,529,957 $9,017,016 $17,015,425 $29,562,398 
Financial Liabilities
Non-interest bearing deposits$7,975,935 $7,975,935 $— $— $7,975,935 
Savings, interest checking and money market deposits14,512,273 14,512,273 — — 14,512,273 
Certificates of deposit2,875,690 — — 2,916,627 2,916,627 
Federal funds purchased261,305 261,305 — — 261,305 
Securities sold under agreements to repurchase2,647,510 — — 2,650,951 2,650,951 
Other borrowings1,366 — 1,366 — 1,366 
Derivative instruments37,899 — 37,704 195 37,899 
Liabilities held in trust for deferred compensation plan20,538 20,538 — — 20,538 
       Total$28,332,516 $22,770,051 $39,070 $5,567,773 $28,376,894