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Securities (Tables)
12 Months Ended
Dec. 31, 2022
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities Available for Sale

Securities Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,2022

 

December 31,2021

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Gross

 

Gross

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

($ in thousands)

Cost

 

Gains

 

Losses

 

Value

 

Cost

 

Gains

 

Losses

 

Value

 

U.S. Treasury and government agency
   securities

$

113,211

 

$

 

$

2,346

 

$

110,865

 

$

420,857

 

$

3,781

 

$

5,340

 

$

419,298

 

Municipal obligations

 

207,014

 

 

59

 

 

3,981

 

 

203,092

 

 

304,536

 

 

13,184

 

 

3,562

 

 

314,158

 

Residential mortgage-backed securities

 

2,655,381

 

 

224

 

 

398,619

 

 

2,256,986

 

 

3,056,763

 

 

29,158

 

 

50,123

 

 

3,035,798

 

Commercial mortgage-backed securities

 

3,234,278

 

 

2,032

 

 

342,880

 

 

2,893,430

 

 

3,064,828

 

 

61,645

 

 

48,614

 

 

3,077,859

 

Collateralized mortgage obligations

 

76,830

 

 

 

 

6,242

 

 

70,588

 

 

119,046

 

 

1,837

 

 

 

 

120,883

 

Corporate debt securities

 

23,500

 

 

 

 

2,420

 

 

21,080

 

 

18,500

 

 

210

 

 

8

 

 

18,702

 

 

$

6,310,214

 

$

2,315

 

$

756,488

 

$

5,556,041

 

$

6,984,530

 

$

109,815

 

$

107,647

 

$

6,986,698

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

Securities Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,2022

 

December 31,2021

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Gross

 

Gross

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

($ in thousands)

Cost

 

Gains

 

Losses

 

Value

 

Cost

 

Gains

 

Losses

 

Value

 

U.S. Treasury and government agency
   securities

$

426,454

 

$

21

 

$

49,044

 

$

377,431

 

$

14,857

 

$

 

$

20

 

$

14,837

 

Municipal obligations

 

698,908

 

 

753

 

 

26,558

 

 

673,103

 

 

621,405

 

 

37,941

 

 

205

 

 

659,141

 

Residential mortgage-backed securities

 

734,478

 

 

 

 

72,532

 

 

661,946

 

 

268,907

 

 

682

 

 

1,499

 

 

268,090

 

Commercial mortgage-backed securities

 

948,691

 

 

 

 

87,211

 

 

861,480

 

 

603,156

 

 

28,679

 

 

669

 

 

631,166

 

Collateralized mortgage obligations

 

43,964

 

 

 

 

2,526

 

 

41,438

 

 

57,426

 

 

822

 

 

 

 

58,248

 

 

$

2,852,495

 

$

774

 

$

237,871

 

$

2,615,398

 

$

1,565,751

 

$

68,124

 

$

2,393

 

$

1,631,482

 

Proceeds from Gross Gains on and Gross Losses on Sale of Securities

The following table presents the proceeds from, gross gains on, and gross losses on sales of securities during the years ended December 31, 2022, 2021 and 2020. Net gains or losses are reflected in the "Securities transactions" line item on the Consolidated Statements of Income.

 

 

Years Ended December 31,

 

($ in thousands)

2022

 

2021

 

2020

 

Proceeds

$

73,219

 

$

198,681

 

$

211,919

 

Gross gains

 

 

 

1,649

 

 

1,984

 

Gross losses

 

87

 

 

1,316

 

 

1,496

 

Available for Sale Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

($ in thousands)

Amortized
Cost

 

Fair
Value

 

Debt Securities Available for Sale

 

 

 

 

Due in one year or less

$

112

 

$

111

 

Due after one year through five years

 

919,639

 

 

871,760

 

Due after five years through ten years

 

2,982,549

 

 

2,665,232

 

Due after ten years

 

2,407,914

 

 

2,018,938

 

Total available for sale debt securities

$

6,310,214

 

$

5,556,041

 

Securities with Unrealized Losses

Available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses < 12 Months

 

Losses 12 Months or >

 

Total

 

 

 

 

Gross

 

 

 

Gross

 

 

 

Gross

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

($ in thousands)

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

U.S. Treasury and government agency securities

$

102,607

 

$

754

 

$

8,258

 

$

1,592

 

$

110,865

 

$

2,346

 

Municipal obligations

 

192,334

 

 

3,981

 

 

 

 

 

 

192,334

 

 

3,981

 

Residential mortgage-backed securities

 

636,060

 

 

49,790

 

 

1,611,832

 

 

348,829

 

 

2,247,892

 

 

398,619

 

Commercial mortgage-backed securities

 

1,489,974

 

 

114,195

 

 

1,351,530

 

 

228,685

 

 

2,841,504

 

 

342,880

 

Collateralized mortgage obligations

 

41,703

 

 

3,275

 

 

28,884

 

 

2,967

 

 

70,587

 

 

6,242

 

Corporate debt securities

 

13,194

 

 

1,306

 

 

7,386

 

 

1,114

 

 

20,580

 

 

2,420

 

.

$

2,475,872

 

$

173,301

 

$

3,007,890

 

$

583,187

 

$

5,483,762

 

$

756,488

 

Available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses < 12 Months

 

Losses 12 Months or >

 

Total

 

 

 

 

Gross

 

 

 

Gross

 

 

 

Gross

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

($ in thousands)

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

U.S. Treasury and government agency securities

$

198,318

 

$

2,305

 

$

63,534

 

$

3,035

 

$

261,852

 

$

5,340

 

Municipal obligations

 

43,021

 

 

2,372

 

 

25,126

 

 

1,190

 

 

68,147

 

 

3,562

 

Residential mortgage-backed securities

 

1,293,179

 

 

20,581

 

 

819,596

 

 

29,541

 

 

2,112,775

 

 

50,122

 

Commercial mortgage-backed securities

 

786,206

 

 

14,819

 

 

665,687

 

 

33,796

 

 

1,451,893

 

 

48,615

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

6,992

 

 

8

 

 

 

 

 

 

6,992

 

 

8

 

 

$

2,327,716

 

$

40,085

 

$

1,573,943

 

$

67,562

 

$

3,901,659

 

$

107,647

 

Held-to-maturity Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

($ in thousands)

Amortized
Cost

 

Fair
Value

 

Debt Securities Held to Maturity

 

 

 

 

Due in one year or less

$

10,000

 

$

9,924

 

Due after one year through five years

 

544,146

 

 

522,347

 

Due after five years through ten years

 

893,562

 

 

813,726

 

Due after ten years

 

1,404,787

 

 

1,269,401

 

Total held to maturity debt securities

$

2,852,495

 

$

2,615,398

 

 

Securities with Unrealized Losses

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses < 12 Months

 

Losses 12 Months or >

 

Total

 

 

 

 

Gross

 

 

 

Gross

 

 

 

Gross

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

($ in thousands)

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

U.S. Treasury and government agency securities

$

145,893

 

$

13,245

 

$

226,499

 

$

35,799

 

$

372,392

 

$

49,044

 

Municipal obligations

 

560,288

 

 

8,878

 

 

64,346

 

 

17,680

 

 

624,634

 

 

26,558

 

Residential mortgage-backed securities

 

391,146

 

 

30,515

 

 

270,800

 

 

42,017

 

 

661,946

 

 

72,532

 

Commercial mortgage-backed securities

 

697,827

 

 

56,899

 

 

163,653

 

 

30,312

 

 

861,480

 

 

87,211

 

Collateralized mortgage obligations

 

41,438

 

 

2,526

 

 

 

 

 

 

41,438

 

 

2,526

 

 

$

1,836,592

 

$

112,063

 

$

725,298

 

$

125,808

 

$

2,561,890

 

$

237,871

 

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses < 12 Months

 

Losses 12 Months or >

 

Total

 

 

 

 

Gross

 

 

 

Gross

 

 

 

Gross

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

($ in thousands)

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

U.S. Treasury and government agency securities

$

14,837

 

$

20

 

$

 

$

 

$

14,837

 

$

20

 

Municipal obligations

 

7,795

 

 

205

 

 

 

 

 

 

7,795

 

 

205

 

Residential mortgage-backed securities

 

253,661

 

 

1,499

 

 

 

 

 

 

253,661

 

 

1,499

 

Commercial mortgage-backed securities

 

56,366

 

 

205

 

 

11,837

 

 

464

 

 

68,203

 

 

669

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

332,659

 

$

1,929

 

$

11,837

 

$

464

 

$

344,496

 

$

2,393