XML 47 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Securities (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021

 

 

December 31, 2020

 

 

 

 

 

 

 

 

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

 

$

 

420,857

 

 

$

 

3,781

 

 

$

 

5,340

 

 

$

 

419,298

 

 

$

 

207,365

 

 

$

 

6,289

 

 

$

 

284

 

 

$

 

213,370

 

Municipal obligations

 

 

 

304,536

 

 

 

 

13,184

 

 

 

 

3,562

 

 

 

 

314,158

 

 

 

 

309,342

 

 

 

 

17,536

 

 

 

 

153

 

 

 

 

326,725

 

Residential mortgage-backed securities

 

 

 

3,056,763

 

 

 

 

29,158

 

 

 

 

50,123

 

 

 

 

3,035,798

 

 

 

 

2,560,249

 

 

 

 

69,570

 

 

 

 

8

 

 

 

 

2,629,811

 

Commercial mortgage-backed securities

 

 

 

3,064,828

 

 

 

 

61,645

 

 

 

 

48,614

 

 

 

 

3,077,859

 

 

 

 

2,323,306

 

 

 

 

135,516

 

 

 

 

3,288

 

 

 

 

2,455,534

 

Collateralized mortgage obligations

 

 

 

119,046

 

 

 

 

1,837

 

 

 

 

 

 

 

 

120,883

 

 

 

 

354,472

 

 

 

 

7,651

 

 

 

 

 

 

 

 

362,123

 

Corporate debt securities

 

 

 

18,500

 

 

 

 

210

 

 

 

 

8

 

 

 

 

18,702

 

 

 

 

11,500

 

 

 

 

264

 

 

 

 

 

 

 

 

11,764

 

 

 

$

 

6,984,530

 

 

$

 

109,815

 

 

$

 

107,647

 

 

$

 

6,986,698

 

 

$

 

5,766,234

 

 

$

 

236,826

 

 

$

 

3,733

 

 

$

 

5,999,327

 

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

Securities Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

 

 

 

 

 

 

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

 

$

 

14,857

 

 

$

 

 

 

$

 

20

 

 

$

 

14,837

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

-

 

Municipal obligations

 

 

 

621,405

 

 

 

 

37,941

 

 

 

 

205

 

 

 

 

659,141

 

 

 

 

627,019

 

 

 

 

51,408

 

 

 

 

2

 

 

 

 

678,425

 

Residential mortgage-backed securities

 

 

 

268,907

 

 

 

 

682

 

 

 

 

1,499

 

 

 

 

268,090

 

 

 

 

21,951

 

 

 

 

1,469

 

 

 

 

 

 

 

 

23,420

 

Commercial mortgage-backed securities

 

 

 

603,156

 

 

 

 

28,679

 

 

 

 

669

 

 

 

 

631,166

 

 

 

 

549,686

 

 

 

 

54,587

 

 

 

 

 

 

 

 

604,273

 

Collateralized mortgage obligations

 

 

 

57,426

 

 

 

 

822

 

 

 

 

 

 

 

 

58,248

 

 

 

 

158,514

 

 

 

 

2,949

 

 

 

 

 

 

 

 

161,463

 

 

 

$

 

1,565,751

 

 

$

 

68,124

 

 

$

 

2,393

 

 

$

 

1,631,482

 

 

$

 

1,357,170

 

 

$

 

110,413

 

 

$

 

2

 

 

$

 

1,467,581

 

 

 

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, 2021, 2020 and 2019:

 

 

 

Years Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Proceeds

 

$

198,681

 

 

$

211,919

 

 

$

268,413

 

Gross gains

 

 

1,649

 

 

 

1,984

 

 

 

 

Gross losses

 

 

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

 

$

 

2,387

 

 

$

 

2,403

 

Due after one year through five years

 

 

 

669,087

 

 

 

 

696,513

 

Due after five years through ten years

 

 

 

2,995,387

 

 

 

 

3,002,023

 

Due after ten years

 

 

 

3,317,669

 

 

 

 

3,285,759

 

Total available for sale debt securities

 

$

 

6,984,530

 

 

$

 

6,986,698

 

 

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

 

$

 

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

 

 

 

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

 

$

 

35,845

 

 

$

 

284

 

 

$

 

 

 

$

 

 

 

$

 

35,845

 

 

$

 

284

 

Municipal obligations

 

 

 

30,170

 

 

 

 

153

 

 

 

 

 

 

 

 

 

 

 

 

30,170

 

 

 

 

153

 

Residential mortgage-backed securities

 

 

 

530

 

 

 

 

2

 

 

 

 

760

 

 

 

 

6

 

 

 

 

1,290

 

 

 

 

8

 

Commercial mortgage-backed securities

 

 

 

446,190

 

 

 

 

3,288

 

 

 

 

 

 

 

 

 

 

 

 

446,190

 

 

 

 

3,288

 

Collateralized mortgage obligations

 

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

70

 

 

 

 

 

Corporate debt securities

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,000

 

 

 

 

 

 

 

$

 

514,805

 

 

$

 

3,727

 

 

$

 

760

 

 

$

 

6

 

 

$

 

515,565

 

 

$

 

3,733

 

 

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

 

$

 

11,225

 

 

$

 

11,311

 

Due after one year through five years

 

 

 

361,412

 

 

 

 

377,421

 

Due after five years through ten years

 

 

 

618,557

 

 

 

 

650,531

 

Due after ten years

 

 

 

574,557

 

 

 

 

592,219

 

Total held to maturity debt securities

 

$

 

1,565,751

 

 

$

 

1,631,482

 

 

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

 

$

 

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

 

 

 

 

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

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

 

$

 

 

Municipal obligations

 

 

 

 

 

 

 

 

 

 

 

2,381

 

 

 

 

2

 

 

 

 

2,381

 

 

 

 

2

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

$

 

 

 

$

 

2,381

 

 

$

 

2

 

 

$

 

2,381

 

 

$

 

2