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Fair Value Measurement of Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and December 31, 2024. 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). 
 March 31,
2025		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$23,545 $23,545 $— $— 
Equity securities at net asset value (NAV)
10,870 — — — 
Available for sale debt securities:
U.S. Treasury securities296,253 296,253 — — 
U.S. government agency securities22,400 — 22,400 — 
Obligations of states and political subdivisions187,381 — 187,381 — 
Residential mortgage-backed securities2,967,535 — 2,967,535 — 
Corporate and other debt securities185,135 — 185,135 — 
Total available for sale debt securities3,658,704 296,253 3,362,451 — 
Loans held for sale (1)
8,427 — 8,427 — 
Other assets (2)
326,722 — 326,722 — 
Total assets$4,028,268 $319,798 $3,697,600 $— 
Liabilities
Other liabilities (2)
$332,888 $— $332,888 $— 
Total liabilities$332,888 $— $332,888 $— 
Non-recurring fair value measurements:
Non-performing loans held for sale (3)
$18,950 $— $18,950 $— 
Collateral dependent loans 81,473 — — 81,473 
Foreclosed assets (3)
9,768 — — 9,768 
Total$110,191 $— $18,950 $91,241 
  Fair Value Measurements at Reporting Date Using:
 December 31,
2024		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 $23,642 $23,642 $— $— 
Equity securities at net asset value (NAV)
11,000 — — — 
Available for sale debt securities:
U.S. Treasury securities291,549 291,549 — — 
U.S. government agency securities22,543 — 22,543 — 
Obligations of states and political subdivisions192,509 — 192,509 — 
Residential mortgage-backed securities2,681,076 — 2,681,076 — 
Corporate and other debt securities182,047 — 182,047 — 
Total available for sale debt securities3,369,724 291,549 3,078,175 — 
Loans held for sale (1)
16,931 — 16,931 — 
Other assets (2)
444,263 — 444,263 — 
Total assets$3,865,560 $315,191 $3,539,369 $— 
Liabilities
Other liabilities (2)
$454,200 $— $454,200 $— 
Total liabilities$454,200 $— $454,200 $— 
Non-recurring fair value measurements:
Non-performing loan held for sale (3)
$8,750 $— $8,750 $— 
Collateral dependent loans 139,424 — — 139,424 
Foreclosed assets (3)
13,852 — — 13,852 
Total$162,026 $— $8,750 $153,276 
(1)Represents residential mortgage originated for sale that are carried at fair value and had contractual unpaid principal balances totaling $8.3 million and $16.8 million at March 31, 2025 and December 31, 2024, 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 March 31, 2025 and December 31, 2024 were as follows: 
 Fair Value
Hierarchy		March 31, 2025December 31, 2024
 Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
 (in thousands)
Financial assets
Cash and due from banksLevel 1$508,887 $508,887 $411,412 $411,412 
Interest bearing deposits with banksLevel 1714,810 714,810 1,478,713 1,478,713 
Equity securities (1)
Level 340,010 40,010 36,871 36,871 
Held to maturity debt securities:
U.S. Treasury securitiesLevel 125,290 25,269 25,480 25,461 
U.S. government agency securitiesLevel 2300,865 259,872 301,315 252,302 
Obligations of states and political subdivisionsLevel 2358,186 329,121 372,489 346,361 
Residential mortgage-backed securitiesLevel 22,742,355 2,373,276 2,710,642 2,292,148 
Trust preferred securitiesLevel 236,086 29,480 36,081 29,145 
Corporate and other debt securitiesLevel 283,179 80,616 86,213 82,867 
Total held to maturity debt securities (2)
3,545,961 3,097,634 3,532,220 3,028,284 
Net loans 
Level 348,078,928 46,833,553 48,240,861 46,634,654 
Accrued interest receivableLevel 1238,326 238,326 239,941 239,941 
FRB and FHLB stock (3)
Level 2329,602 329,602 328,497 328,497 
Financial liabilities
Deposits without stated maturitiesLevel 138,041,836 38,041,836 37,733,313 37,733,313 
Deposits with stated maturitiesLevel 211,924,008 11,953,730 12,342,544 12,363,365 
Short-term borrowingsLevel 259,026 56,112 72,718 68,032 
Long-term borrowingsLevel 22,904,567 2,863,577 3,174,155 3,109,622 
Junior subordinated debentures issued to capital trusts
Level 257,542 55,163 57,455 54,957 
Accrued interest payable (4)
Level 1111,934 111,934 150,564 150,564 
(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 three months ended March 31, 2025 and for the year ended December 31, 2024, respectively, 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.