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Fair Value Of Financial Instruments
 9 Months Ended
Sep. 30, 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 September 30, 2024 and December 31, 2023:

Carrying Amount
Estimated Fair Value at September 30, 2024

(In thousands)

Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$6,048,328 $— $— $5,943,194 $5,943,194 
Real estate - construction and land
1,381,607 — — 1,355,750 1,355,750 
Real estate - business
3,586,999 — — 3,497,040 3,497,040 
Real estate - personal
3,043,391 — — 2,673,302 2,673,302 
Consumer
2,108,281 — — 2,073,335 2,073,335 
Revolving home equity342,376 — — 339,322 339,322 
Consumer credit card574,746 — — 531,160 531,160 
Overdrafts
4,272 — — 4,160 4,160 
Total loans17,090,000 — — 16,417,263 16,417,263 
Loans held for sale1,707 — 1,707 — 1,707 
Investment securities9,475,131 2,455,102 6,802,535 217,494 9,475,131 
Federal funds sold10 10 — — 10 
Securities purchased under agreements to resell475,000 — — 488,935 488,935 
Interest earning deposits with banks2,642,048 2,642,048 — — 2,642,048 
Cash and due from banks507,941 507,941 — — 507,941 
Derivative instruments99,862 — 99,565 297 99,862 
Assets held in trust for deferred compensation plan21,989 21,989 — — 21,989 
       Total$30,313,688 $5,627,090 $6,903,807 $17,123,989 $29,654,886 
Financial Liabilities
Non-interest bearing deposits$7,396,153 $7,396,153 $— $— $7,396,153 
Savings, interest checking and money market deposits15,216,557 15,216,557 — — 15,216,557 
Certificates of deposit2,625,082 — — 2,670,740 2,670,740 
Federal funds purchased113,630 113,630 — — 113,630 
Securities sold under agreements to repurchase2,068,599 — — 2,071,881 2,071,881 
Other borrowings10,178 2,436 7,742 — 10,178 
Derivative instruments26,896 — 26,755 141 26,896 
Liabilities held in trust for deferred compensation plan21,989 21,989 — — 21,989 
       Total$27,479,084 $22,750,765 $34,497 $4,742,762 $27,528,024 
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