XML 41 R30.htm IDEA: XBRL DOCUMENT v3.26.3
Fair Value (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets Measured on Recurring and Nonrecurring Basis
Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at September 30, 2026 and December 31, 2025 included:
(In thousands)Fair Value
Measurements		Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
At September 30, 2026
Financial Assets
Debt securities AFS1
$4,634,355 $100 $4,634,255 $— 
Derivative financial instruments2
49,937 — 49,937 — 
Loans held for sale2
14,462 — 14,462 — 
OREO3
3,263 — — 3,263 
Equity securities4
13,255 13,255 — — 
MSR5
29,398 — — 29,398 
Financial Liabilities
Derivative financial instruments2
$40,003 $— $39,850 $153 
At December 31, 2025
Financial Assets
Debt securities AFS1
$5,164,567 $200 $5,164,367 $— 
Derivative financial instruments2
28,620 — 28,125 495 
Loans held for sale2
16,297 — 16,297 — 
OREO3
4,250 — — 4,250 
Equity securities4
13,923 13,923 — — 
MSR5
28,061 — — 28,061 
Financial Liabilities
Derivative financial instruments2
$25,483 $— $25,389 $94 
1See “Note 3 – Securities” for further detail of fair value of individual investment categories.
2Recurring fair value basis determined using observable market data for level 2 inputs. Level 3 inputs utilize a market approach that incorporates a pull-through rate assumption.
3Fair value is measured on a nonrecurring basis.
4Investment in shares of mutual funds that invest primarily in CRA-qualified debt securities, reported at fair value in Other assets. Recurring fair value basis is determined using market quotations with fair value adjustments recognized in earnings.
5Recurring fair value basis determined using unobservable market data. Refer to “Note 8 - Goodwill and Acquired Intangible Assets” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional details on assumptions utilized.
Schedule of Changes in Mortgage Servicing Rights
The following table presents changes in the Company's MSRs measured at fair value for the three and nine months ended September 30, 2026. There was no MSR balance during the three and nine months ended September 30, 2025:
Three Months EndedNine Months Ended
(In thousands)September 30, 2026
Carrying value at beginning of period$26,784 $28,061 
Originated servicing rights capitalized upon sale of loan517 1,448 
Change in fair value:
Due to payoffs/paydowns(689)(2,172)
Due to change in valuation inputs or assumptions2,786 2,061 
Carrying value at end of period$29,398 $29,398 
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets
The following table presents data and key economic assumptions, as well as the valuation's sensitivity to interest rate fluctuations, related to the Company’s MSRs as of:
(In thousands)September 30, 2026December 31, 2025
Unpaid principal balance$2,365,165 $2,540,798 
Prepayment rate assumptions:
Weighted-average
9.58 %12.74 %
Estimated impact on fair value of a 10% increase$(1,182)$(1,373)
Estimated impact on fair value of a 20% increase(2,282)(2,639)
Option-adjusted spread:
Weighted-average
5.50 %5.50 %
Estimated impact on fair value of a 100 basis point increase$(1,201)$(1,163)
Estimated impact on fair value of a 200 basis point increase(2,306)(2,232)
Weighted-average coupon interest rate
4.78 %4.78 %
Weighted-average servicing fee
0.25 0.25 
Weighted-average remaining maturity (in months)
349348
Schedule of Carrying Amount and Fair Value of Other Significant Financial Instruments Not Measured on a Recurring Basis
The carrying amount and fair value of the Company’s other financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of September 30, 2026 and December 31, 2025 is as follows:
(In thousands)Carrying AmountQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
September 30, 2026
Financial Assets
HTM debt securities1
$552,982 $— $435,311 $— 
Loans, net13,382,856 — 147,248 12,837,275 
Financial Liabilities
Deposits16,580,159 — — 16,580,540 
FHLB and other borrowings985,000 — 984,948 — 
Subordinated debt95,693 — 94,099 — 
December 31, 2025
Financial Assets
HTM debt securities1
$586,178 $— $489,560 $— 
Time deposits with other banks14,424 — 13,455 — 
Loans, net12,449,181 — — 12,263,824 
Financial Liabilities
Deposits16,256,343 — — 16,257,291 
FHLB and other borrowings835,000 — 833,483 — 
Subordinated debt95,161 — 90,248 — 
1See “Note 3 – Securities” for further detail of recurring fair value basis of individual investment categories.