XML 36 R29.htm IDEA: XBRL DOCUMENT v3.25.2
Securities (Tables)
6 Months Ended
Jun. 30, 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

 

June 30, 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

$

270,722

 

$

2,668

 

$

1,757

 

$

271,633

 

$

185,827

 

$

349

 

$

3,894

 

$

182,282

 

Municipal obligations

 

196,524

 

 

13

 

 

2,283

 

 

194,254

 

 

200,272

 

 

 

 

3,942

 

 

196,330

 

Residential mortgage-backed securities

 

2,566,235

 

 

6,090

 

 

300,259

 

 

2,272,066

 

 

2,482,109

 

 

496

 

 

353,554

 

 

2,129,051

 

Commercial mortgage-backed securities

 

3,019,759

 

 

11,858

 

 

179,361

 

 

2,852,256

 

 

2,849,372

 

 

2,185

 

 

250,592

 

 

2,600,965

 

Collateralized mortgage obligations

 

31,718

 

 

 

 

1,565

 

 

30,153

 

 

37,553

 

 

 

 

2,306

 

 

35,247

 

Corporate debt securities

 

17,500

 

 

 

 

1,186

 

 

16,314

 

 

19,000

 

 

 

 

1,384

 

 

17,616

 

  Total

$

6,102,458

 

$

20,629

 

$

486,411

 

$

5,636,676

 

$

5,774,133

 

$

3,030

 

$

615,672

 

$

5,161,491

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

 

June 30, 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

$

383,892

 

$

160

 

$

34,943

 

$

349,109

 

$

394,689

 

$

 

$

45,876

 

$

348,813

 

Municipal obligations

 

549,495

 

 

169

 

 

15,089

 

 

534,575

 

 

623,907

 

 

169

 

 

20,867

 

 

603,209

 

Residential mortgage-backed securities

 

534,652

 

 

 

 

42,703

 

 

491,949

 

 

573,057

 

 

 

 

61,525

 

 

511,532

 

Commercial mortgage-backed securities

 

741,086

 

 

 

 

55,032

 

 

686,054

 

 

818,604

 

 

 

 

72,854

 

 

745,750

 

Collateralized mortgage obligations

 

22,210

 

 

 

 

825

 

 

21,385

 

 

25,406

 

 

 

 

1,184

 

 

24,222

 

  Total

$

2,231,335

 

$

329

 

$

148,592

 

$

2,083,072

 

$

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

 

$

31,178

 

 

$

31,224

 

Due after one year through five years

 

 

1,263,829

 

 

 

1,241,150

 

Due after five years through ten years

 

 

2,194,300

 

 

 

2,038,471

 

Due after ten years

 

 

2,613,151

 

 

 

2,325,831

 

Total debt securities available for sale

 

$

6,102,458

 

 

$

5,636,676

 

 

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.

 

 

June 30, 2025

 

Available for Sale

 

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

 

$

35,206

 

$

349

 

 

$

7,150

 

$

1,408

 

 

$

42,356

 

$

1,757

 

Municipal obligations

 

 

17,927

 

 

37

 

 

 

168,200

 

 

2,246

 

 

 

186,127

 

 

2,283

 

Residential mortgage-backed securities

 

 

85,738

 

 

374

 

 

 

1,501,807

 

 

299,885

 

 

 

1,587,545

 

 

300,259

 

Commercial mortgage-backed securities

 

 

22,229

 

 

219

 

 

 

2,222,358

 

 

179,142

 

 

 

2,244,587

 

 

179,361

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

30,153

 

 

1,565

 

 

 

30,153

 

 

1,565

 

Corporate debt securities

 

 

1,991

 

 

9

 

 

 

14,323

 

 

1,177

 

 

 

16,314

 

 

1,186

 

  Total

 

$

163,091

 

$

988

 

 

$

3,943,991

 

$

485,423

 

 

$

4,107,082

 

$

486,411

 

 

 

 

December 31, 2024

 

Available for Sale

 

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

 

$

53,755

 

 

$

53,621

 

Due after one year through five years

 

 

753,558

 

 

 

727,480

 

Due after five years through ten years

 

 

501,491

 

 

 

475,343

 

Due after ten years

 

 

922,531

 

 

 

826,628

 

Total debt securities held to maturity

 

$

2,231,335

 

 

$

2,083,072

 

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.

 

 

June 30, 2025

 

Held to Maturity

 

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

 

$

8,823

 

$

86

 

 

$

321,522

 

$

34,857

 

 

$

330,345

 

$

34,943

 

Municipal obligations

 

 

76,330

 

 

105

 

 

 

432,533

 

 

14,984

 

 

 

508,863

 

 

15,089

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

491,949

 

 

42,703

 

 

 

491,949

 

 

42,703

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

686,054

 

 

55,032

 

 

 

686,054

 

 

55,032

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

21,385

 

 

825

 

 

 

21,385

 

 

825

 

  Total

 

$

85,153

 

$

191

 

 

$

1,953,443

 

$

148,401

 

 

$

2,038,596

 

$

148,592

 

 

 

 

December 31, 2024

 

Held to Maturity

 

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