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Securities (Tables)
3 Months Ended
Mar. 31, 2025
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, 2025

 

December 31, 2024

 

 

 

 

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

$

208,408

 

$

2,303

 

$

1,651

 

$

209,060

 

$

185,827

 

$

349

 

$

3,894

 

$

182,282

 

Municipal obligations

 

197,366

 

 

2

 

 

3,640

 

 

193,728

 

 

200,272

 

 

 

 

3,942

 

 

196,330

 

Residential mortgage-backed securities

 

2,505,037

 

 

4,200

 

 

311,852

 

 

2,197,385

 

 

2,482,109

 

 

496

 

 

353,554

 

 

2,129,051

 

Commercial mortgage-backed securities

 

2,882,206

 

 

7,645

 

 

204,652

 

 

2,685,199

 

 

2,849,372

 

 

2,185

 

 

250,592

 

 

2,600,965

 

Collateralized mortgage obligations

 

34,528

 

 

 

 

1,824

 

 

32,704

 

 

37,553

 

 

 

 

2,306

 

 

35,247

 

Corporate debt securities

 

17,500

 

 

 

 

1,048

 

 

16,452

 

 

19,000

 

 

 

 

1,384

 

 

17,616

 

  Total

$

5,845,045

 

$

14,150

 

$

524,667

 

$

5,334,528

 

$

5,774,133

 

$

3,030

 

$

615,672

 

$

5,161,491

 

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

 

March 31, 2025

 

December 31, 2024

 

 

 

 

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

$

389,904

 

$

221

 

$

37,288

 

$

352,837

 

$

394,689

 

$

 

$

45,876

 

$

348,813

 

Municipal obligations

 

585,857

 

 

61

 

 

17,395

 

 

568,523

 

 

623,907

 

 

169

 

 

20,867

 

 

603,209

 

Residential mortgage-backed securities

 

553,972

 

 

 

 

49,163

 

 

504,809

 

 

573,057

 

 

 

 

61,525

 

 

511,532

 

Commercial mortgage-backed securities

 

806,954

 

 

 

 

61,296

 

 

745,658

 

 

818,604

 

 

 

 

72,854

 

 

745,750

 

Collateralized mortgage obligations

 

23,754

 

 

 

 

954

 

 

22,800

 

 

25,406

 

 

 

 

1,184

 

 

24,222

 

  Total

$

2,360,441

 

$

282

 

$

166,096

 

$

2,194,627

 

$

2,435,663

 

$

169

 

$

202,306

 

$

2,233,526

 

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

 

$

31,863

 

 

$

31,963

 

Due after one year through five years

 

 

971,094

 

 

 

950,634

 

Due after five years through ten years

 

 

2,336,366

 

 

 

2,146,246

 

Due after ten years

 

 

2,505,722

 

 

 

2,205,685

 

Total available for sale debt securities

 

$

5,845,045

 

 

$

5,334,528

 

Securities with Unrealized Losses

The fair value and gross unrealized losses for securities classified as available for sale with unrealized losses for the periods indicated follow.

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

 

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

 

$

17,540

 

$

206

 

 

$

7,115

 

$

1,445

 

 

$

24,655

 

$

1,651

 

Municipal obligations

 

 

18,742

 

 

127

 

 

 

167,611

 

 

3,513

 

 

 

186,353

 

 

3,640

 

Residential mortgage-backed securities

 

 

138,747

 

 

718

 

 

 

1,543,488

 

 

311,134

 

 

 

1,682,235

 

 

311,852

 

Commercial mortgage-backed securities

 

 

72,632

 

 

531

 

 

 

2,191,851

 

 

204,121

 

 

 

2,264,483

 

 

204,652

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

32,704

 

 

1,824

 

 

 

32,704

 

 

1,824

 

Corporate debt securities

 

 

 

 

 

 

 

14,452

 

 

1,048

 

 

 

14,452

 

 

1,048

 

  Total

 

$

247,661

 

$

1,582

 

 

$

3,957,221

 

$

523,085

 

 

$

4,204,882

 

$

524,667

 

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

 

$

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

 

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

 

$

110,832

 

 

$

110,453

 

Due after one year through five years

 

 

764,462

 

 

 

733,857

 

Due after five years through ten years

 

 

536,603

 

 

 

505,119

 

Due after ten years

 

 

948,544

 

 

 

845,198

 

Total held to maturity securities

 

$

2,360,441

 

 

$

2,194,627

 

Securities with Unrealized Losses

The fair value and gross unrealized losses for securities classified as held to maturity with unrealized losses for the periods indicated follow.

Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

 

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

 

$

9,196

 

$

36

 

 

$

324,368

 

$

37,252

 

 

$

333,564

 

$

37,288

 

Municipal obligations

 

 

88,964

 

 

302

 

 

 

468,359

 

 

17,093

 

 

 

557,323

 

 

17,395

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

504,809

 

 

49,163

 

 

 

504,809

 

 

49,163

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

745,658

 

 

61,296

 

 

 

745,658

 

 

61,296

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

22,800

 

 

954

 

 

 

22,800

 

 

954

 

  Total

 

$

98,160

 

$

338

 

 

$

2,065,994

 

$

165,758

 

 

$

2,164,154

 

$

166,096

 

 

 

Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

 

$

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