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Fair Value Measurement of Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring and Non-Recurring Basis
The following tables present the assets and liabilities that are measured at fair value on a recurring and non-recurring basis by level within the fair value hierarchy as reported on the consolidated statements of financial condition at June 30, 2024 and December 31, 2023. The assets presented under “non-recurring fair value measurements” in the tables below are not measured at fair value on an ongoing basis but are subject to fair value adjustments under certain circumstances (e.g., when an impairment loss is recognized). 
 June 30,
2024		Fair Value Measurements at Reporting Date Using:
 Quoted Prices
in Active Markets
for Identical
Assets (Level 1)		Significant
Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
 (in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Equity securities$23,094 $23,094 $— $— 
Equity securities at net asset value (NAV)
12,159 — — — 
Trading debt securities3,979 3,979 — — 
Available for sale debt securities:
U.S. Treasury securities286,274 286,274 — — 
U.S. government agency securities22,766 — 22,766 — 
Obligations of states and political subdivisions188,688 — 188,688 — 
Residential mortgage-backed securities1,535,690 — 1,535,690 — 
Corporate and other debt securities178,674 — 178,674 — 
Total available for sale debt securities2,212,092 286,274 1,925,818 — 
Loans held for sale (1)
11,137 — 11,137 — 
Other assets (2)
514,661 — 514,661 — 
Total assets$2,777,122 $313,347 $2,451,616 $— 
Liabilities
Other liabilities (2)
$531,746 $— $531,746 $— 
Total liabilities$531,746 $— $531,746 $— 
Non-recurring fair value measurements:
Non-performing loan held for sale (3)
$8,750 $— $8,750 $— 
Collateral dependent loans 112,575 — — 112,575 
Foreclosed assets 9,666 — — 9,666 
Total$130,991 $— $8,750 $122,241 
  Fair Value Measurements at Reporting Date Using:
 December 31,
2023		Quoted Prices
in Active Markets
for Identical
Assets (Level 1)		Significant
Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
 (in thousands)
Recurring fair value measurements:
Assets
Investment securities:
Equity securities $23,307 $23,307 $— $— 
Equity securities at net asset value (NAV)
12,126 — — — 
Trading debt securities3,973 3,973 — — 
Available for sale debt securities:
U.S. Treasury securities288,157 288,157 — — 
U.S. government agency securities23,702 — 23,702 — 
Obligations of states and political subdivisions191,690 — 191,690 — 
Residential mortgage-backed securities626,572 — 626,572 — 
Corporate and other debt securities166,455 — 166,455 — 
Total available for sale debt securities1,296,576 288,157 1,008,419 — 
Loans held for sale (1)
20,640 — 20,640 — 
Other assets (2)
466,227 — 466,227 — 
Total assets$1,822,849 $315,437 $1,495,286 $— 
Liabilities
Other liabilities (2)
$488,103 $— $488,103 $— 
Total liabilities$488,103 $— $488,103 $— 
Non-recurring fair value measurements:
Non-performing loan held for sale (3)
$10,000 $— $10,000 $— 
Collateral dependent loans 90,580 — — 90,580 
Foreclosed assets 1,444 — — 1,444 
Total$102,024 $— $10,000 $92,024 
(1)Represents residential mortgage loans held for sale that are carried at fair value and had contractual unpaid principal balances totaling $11.0 million and $20.1 million at June 30, 2024 and December 31, 2023, respectively.
(2)Derivative financial instruments are included in this category.
(3)Reported at lower of cost or fair value.
Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments not measured and not reported at fair value on the consolidated statements of financial condition at June 30, 2024 and December 31, 2023 were as follows: 
 Fair Value
Hierarchy		June 30, 2024December 31, 2023
 Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
 (in thousands)
Financial assets
Cash and due from banksLevel 1$478,006 $478,006 $284,090 $284,090 
Interest bearing deposits with banksLevel 1531,067 531,067 607,135 607,135 
Equity securities (1)
Level 333,852 33,852 29,031 29,031 
Held to maturity debt securities:
U.S. Treasury securitiesLevel 125,861 25,579 26,232 25,978 
U.S. government agency securitiesLevel 2304,308 257,457 305,996 261,555 
Obligations of states and political subdivisionsLevel 2393,163 366,611 405,470 387,527 
Residential mortgage-backed securitiesLevel 22,804,769 2,379,255 2,885,303 2,521,926 
Trust preferred securitiesLevel 237,071 29,848 37,062 30,650 
Corporate and other debt securitiesLevel 286,282 81,198 80,350 74,676 
Total held to maturity debt securities (2)
3,651,454 3,139,948 3,740,413 3,302,312 
Net loans 
Level 349,792,392 48,010,633 49,764,215 47,981,499 
Accrued interest receivableLevel 1251,167 251,167 245,498 245,498 
FRB and FHLB stock (3)
Level 2327,561 327,561 320,727 320,727 
Financial liabilities
Deposits without stated maturitiesLevel 135,828,829 35,828,829 36,066,105 36,066,105 
Deposits with stated maturitiesLevel 214,283,348 14,251,483 13,176,724 13,103,381 
Short-term borrowingsLevel 263,770 47,379 917,834 901,617 
Long-term borrowingsLevel 23,264,530 3,209,974 2,328,375 2,256,997 
Junior subordinated debentures issued to capital trusts
Level 257,282 48,130 57,108 47,374 
Accrued interest payable (4)
Level 1135,049 135,049 159,496 159,496 
(1)Represents equity securities without a readily determinable fair value, which are measured based on the price at which the investment was acquired plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Total changes in the valuation of equity securities for the six months ended June 30, 2024 and for the year ended December 31, 2023 were immaterial.
(2)The carrying amount is presented gross without the allowance for credit losses.
(3)Included in other assets.
(4)Included in accrued expenses and other liabilities.