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Securities (Tables)
3 Months Ended
Mar. 31, 2024
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

 

March 31, 2024

 

December 31, 2023

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Gross

 

Gross

 

 

 

Securities Available for Sale

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

$

114,086

 

$

722

 

$

1,670

 

$

113,138

 

$

97,741

 

$

1,581

 

$

1,514

 

$

97,808

 

Municipal obligations

 

202,764

 

 

 

 

3,730

 

 

199,034

 

 

203,533

 

 

79

 

 

2,200

 

 

201,412

 

Residential mortgage-backed securities

 

2,401,546

 

 

743

 

 

357,044

 

 

2,045,245

 

 

2,440,411

 

 

2,734

 

 

329,279

 

 

2,113,866

 

Commercial mortgage-backed securities

 

2,748,086

 

 

3,528

 

 

265,878

 

 

2,485,736

 

 

2,683,872

 

 

7,176

 

 

253,576

 

 

2,437,472

 

Collateralized mortgage obligations

 

45,230

 

 

 

 

3,357

 

 

41,873

 

 

47,661

 

 

 

 

3,376

 

 

44,285

 

Corporate debt securities

 

23,500

 

 

 

 

3,103

 

 

20,397

 

 

23,500

 

 

 

 

3,148

 

 

20,352

 

  Total

$

5,535,212

 

$

4,993

 

$

634,782

 

$

4,905,423

 

$

5,496,718

 

$

11,570

 

$

593,093

 

$

4,915,195

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

 

March 31, 2024

 

December 31, 2023

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Gross

 

Gross

 

 

 

Securities Held to Maturity

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

$

409,435

 

$

 

$

48,083

 

$

361,352

 

$

413,490

 

$

179

 

$

43,971

 

$

369,698

 

Municipal obligations

 

660,372

 

 

739

 

 

23,185

 

 

637,926

 

 

664,488

 

 

1,252

 

 

19,593

 

 

646,147

 

Residential mortgage-backed securities

 

636,208

 

 

 

 

64,540

 

 

571,668

 

 

654,262

 

 

 

 

59,223

 

 

595,039

 

Commercial mortgage-backed securities

 

917,008

 

 

 

 

80,280

 

 

836,728

 

 

920,048

 

 

 

 

75,803

 

 

844,245

 

Collateralized mortgage obligations

 

30,736

 

 

 

 

1,800

 

 

28,936

 

 

32,491

 

 

 

 

1,702

 

 

30,789

 

  Total

$

2,653,759

 

$

739

 

$

217,888

 

$

2,436,610

 

$

2,684,779

 

$

1,431

 

$

200,292

 

$

2,485,918

 

 

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

Debt Securities Available for Sale

 

Amortized

 

 

Fair

 

($ in thousands)

 

cost

 

 

value

 

Due in one year or less

 

$

106,858

 

 

$

105,620

 

Due after one year through five years

 

 

585,990

 

 

 

566,852

 

Due after five years through ten years

 

 

2,549,295

 

 

 

2,287,101

 

Due after ten years

 

 

2,293,069

 

 

 

1,945,850

 

Total available for sale debt securities

 

$

5,535,212

 

 

$

4,905,423

 

Securities with Unrealized Losses

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2024

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 

($ in thousands)

 

Fair
value

 

 

Gross
unrealized
losses

 

 

Fair
value

 

 

Gross
unrealized
losses

 

 

Fair
value

 

 

Gross
unrealized
losses

 

U.S. Treasury and government agency securities

 

$

11,973

 

 

$

27

 

 

$

7,460

 

 

$

1,643

 

 

$

19,433

 

 

$

1,670

 

Municipal obligations

 

 

19,549

 

 

 

118

 

 

 

176,664

 

 

 

3,612

 

 

 

196,213

 

 

 

3,730

 

Residential mortgage-backed securities

 

 

31,818

 

 

 

86

 

 

 

1,717,118

 

 

 

356,958

 

 

 

1,748,936

 

 

 

357,044

 

Commercial mortgage-backed securities

 

 

35,700

 

 

 

211

 

 

 

2,195,760

 

 

 

265,667

 

 

 

2,231,460

 

 

 

265,878

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

41,873

 

 

 

3,357

 

 

 

41,873

 

 

 

3,357

 

Corporate debt securities

 

 

 

 

 

 

 

 

18,397

 

 

 

3,103

 

 

 

18,397

 

 

 

3,103

 

  Total

 

$

99,040

 

 

$

442

 

 

$

4,157,272

 

 

$

634,340

 

 

$

4,256,312

 

 

$

634,782

 

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

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

 

$

 

$

 

 

$

7,790

 

$

1,514

 

 

$

7,790

 

$

1,514

 

Municipal obligations

 

 

49,832

 

 

374

 

 

 

128,965

 

 

1,826

 

 

 

178,797

 

 

2,200

 

Residential mortgage-backed securities

 

 

3,062

 

 

25

 

 

 

1,795,154

 

 

329,254

 

 

 

1,798,216

 

 

329,279

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

2,227,703

 

 

253,576

 

 

 

2,227,703

 

 

253,576

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

44,285

 

 

3,376

 

 

 

44,285

 

 

3,376

 

Corporate debt securities

 

 

 

 

 

 

 

19,852

 

 

3,148

 

 

 

19,852

 

 

3,148

 

  Total

 

$

52,894

 

$

399

 

 

$

4,223,749

 

$

592,694

 

 

$

4,276,643

 

$

593,093

 

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

Debt Securities Held to Maturity

 

Amortized

 

 

Fair

 

($ in thousands)

 

cost

 

 

value

 

Due in one year or less

 

$

92,336

 

 

$

91,307

 

Due after one year through five years

 

 

734,660

 

 

 

696,030

 

Due after five years through ten years

 

 

716,536

 

 

 

666,275

 

Due after ten years

 

 

1,110,227

 

 

 

982,998

 

Total held to maturity securities

 

$

2,653,759

 

 

$

2,436,610

 

Securities with Unrealized Losses

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2024

 

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

 

$

29,579

 

$

316

 

 

$

331,773

 

$

47,767

 

 

$

361,352

 

$

48,083

 

Municipal obligations

 

 

71,115

 

 

495

 

 

 

544,326

 

 

22,690

 

 

 

615,441

 

 

23,185

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

571,669

 

 

64,540

 

 

 

571,669

 

 

64,540

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

836,727

 

 

80,280

 

 

 

836,727

 

 

80,280

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

28,936

 

 

1,800

 

 

 

28,936

 

 

1,800

 

  Total

 

$

100,694

 

$

811

 

 

$

2,313,431

 

$

217,077

 

 

$

2,414,125

 

$

217,888

 

 

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

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

 

$

9,530

 

$

63

 

 

$

339,533

 

$

43,908

 

 

$

349,063

 

$

43,971

 

Municipal obligations

 

 

343,401

 

 

1,801

 

 

 

226,165

 

 

17,792

 

 

 

569,566

 

 

19,593

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

595,039

 

 

59,223

 

 

 

595,039

 

 

59,223

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

844,245

 

 

75,803

 

 

 

844,245

 

 

75,803

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

30,789

 

 

1,702

 

 

 

30,789

 

 

1,702

 

  Total

 

$

352,931

 

$

1,864

 

 

$

2,035,771

 

$

198,428

 

 

$

2,388,702

 

$

200,292