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Securities (Tables)
12 Months Ended
Dec. 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

Securities Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

December 31, 2023

 

 

 

 

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

$

185,827

 

$

349

 

$

3,894

 

$

182,282

 

$

97,741

 

$

1,581

 

$

1,514

 

$

97,808

 

Municipal obligations

 

200,272

 

 

 

 

3,942

 

 

196,330

 

 

203,533

 

 

79

 

 

2,200

 

 

201,412

 

Residential mortgage-backed securities

 

2,482,109

 

 

496

 

 

353,554

 

 

2,129,051

 

 

2,440,411

 

 

2,734

 

 

329,279

 

 

2,113,866

 

Commercial mortgage-backed securities

 

2,849,372

 

 

2,185

 

 

250,592

 

 

2,600,965

 

 

2,683,872

 

 

7,176

 

 

253,576

 

 

2,437,472

 

Collateralized mortgage obligations

 

37,553

 

 

 

 

2,306

 

 

35,247

 

 

47,661

 

 

 

 

3,376

 

 

44,285

 

Corporate debt securities

 

19,000

 

 

 

 

1,384

 

 

17,616

 

 

23,500

 

 

 

 

3,148

 

 

20,352

 

Total

$

5,774,133

 

$

3,030

 

$

615,672

 

$

5,161,491

 

$

5,496,718

 

$

11,570

 

$

593,093

 

$

4,915,195

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

Securities Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

December 31, 2023

 

 

 

 

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

$

394,689

 

$

 

$

45,876

 

$

348,813

 

$

413,490

 

$

179

 

$

43,971

 

$

369,698

 

Municipal obligations

 

623,907

 

 

169

 

 

20,867

 

 

603,209

 

 

664,488

 

 

1,252

 

 

19,593

 

 

646,147

 

Residential mortgage-backed securities

 

573,057

 

 

 

 

61,525

 

 

511,532

 

 

654,262

 

 

 

 

59,223

 

 

595,039

 

Commercial mortgage-backed securities

 

818,604

 

 

 

 

72,854

 

 

745,750

 

 

920,048

 

 

 

 

75,803

 

 

844,245

 

Collateralized mortgage obligations

 

25,406

 

 

 

 

1,184

 

 

24,222

 

 

32,491

 

 

 

 

1,702

 

 

30,789

 

Total

$

2,435,663

 

$

169

 

$

202,306

 

$

2,233,526

 

$

2,684,779

 

$

1,431

 

$

200,292

 

$

2,485,918

 

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, 2024, 2023 and 2022. Net gains or losses are reflected in the "Securities transactions, net" line item on the Consolidated Statements of Income.

 

 

Years Ended December 31,

 

($ in thousands)

2024

 

2023

 

2022

 

Proceeds

$

 

$

977,114

 

$

73,219

 

Gross gains

 

 

 

 

 

 

Gross losses

 

 

 

65,380

 

 

87

 

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

$

36,791

 

$

36,914

 

Due after one year through five years

 

958,196

 

 

924,308

 

Due after five years through ten years

 

2,330,532

 

 

2,099,062

 

Due after ten years

 

2,448,614

 

 

2,101,207

 

Total available for sale debt securities

$

5,774,133

 

$

5,161,491

 

 

Securities with Unrealized Losses

Available for sale

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

$

130,453

 

$

2,243

 

$

7,247

 

$

1,651

 

$

137,700

 

$

3,894

 

Municipal obligations

 

24,149

 

 

247

 

 

170,110

 

 

3,695

 

 

194,259

 

 

3,942

 

Residential mortgage-backed securities

 

347,772

 

 

2,935

 

 

1,554,001

 

 

350,619

 

 

1,901,773

 

 

353,554

 

Commercial mortgage-backed securities

 

184,534

 

 

2,738

 

 

2,139,191

 

 

247,854

 

 

2,323,725

 

 

250,592

 

Collateralized mortgage obligations

 

 

 

 

 

35,247

 

 

2,306

 

 

35,247

 

 

2,306

 

Corporate debt securities

 

 

 

 

 

15,616

 

 

1,384

 

 

15,616

 

 

1,384

 

Total

$

686,908

 

$

8,163

 

$

3,921,412

 

$

607,509

 

$

4,608,320

 

$

615,672

 

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

($ in thousands)

Amortized
Cost

 

Fair
Value

 

Debt Securities Held to Maturity

 

 

 

 

Due in one year or less

$

105,692

 

$

105,035

 

Due after one year through five years

 

780,633

 

 

740,241

 

Due after five years through ten years

 

572,371

 

 

535,864

 

Due after ten years

 

976,967

 

 

852,386

 

Total held to maturity debt securities

$

2,435,663

 

$

2,233,526

 

Securities with Unrealized Losses

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

$

27,660

 

$

840

 

$

321,154

 

$

45,036

 

$

348,814

 

$

45,876

 

Municipal obligations

 

82,028

 

 

451

 

 

497,999

 

 

20,416

 

 

580,027

 

 

20,867

 

Residential mortgage-backed securities

 

 

 

 

 

511,531

 

 

61,525

 

 

511,531

 

 

61,525

 

Commercial mortgage-backed securities

 

 

 

 

 

745,750

 

 

72,854

 

 

745,750

 

 

72,854

 

Collateralized mortgage obligations

 

 

 

 

 

24,222

 

 

1,184

 

 

24,222

 

 

1,184

 

Total

$

109,688

 

$

1,291

 

$

2,100,656

 

$

201,015

 

$

2,210,344

 

$

202,306

 

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