XML 77 R58.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value Measurements (Details 2) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Held to Maturity, Fair Value, Total $ 1,384,430 $ 1,524,710
Federal Home Loan Bank Stock 43,878 5,218
Bank Owned Life Insurance 295,670 293,323
LIABILITIES    
Federal Home Loan Bank borrowings (f) 887,548 637
Subordinated Debt 49,957 49,885
Deposits [Member]    
LIABILITIES    
Time certificates of deposits (f) [1] 13,046,763 14,683,266
Accrued Liabilities, Fair Value Disclosure [1] 13,046,763 14,683,266
Time certificates of deposits (f)    
LIABILITIES    
Time certificates of deposits (f) [2] 2,012,763 1,195,741
Accrued Liabilities, Fair Value Disclosure [2] 1,990,899 1,164,892
Federal Home Loan Bank borrowings (f)    
LIABILITIES    
Federal Home Loan Bank borrowings (f) [2] 887,548 637
Federal Home Loan Bank Borrowings, Fair Value Disclosure [2] 886,799 563
Junior subordinated debentures (g)    
LIABILITIES    
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust [3] 62,857 62,855
Accrued Liabilities, Fair Value Disclosure [3] 57,347 60,002
Subordinated debentures (f)    
LIABILITIES    
Subordinated Debt [2] 49,957 49,885
Accrued Liabilities, Fair Value Disclosure [2] 45,990 45,891
Significant Other Observable Inputs (Level 2) | Deposits [Member]    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [1] 13,046,763 14,683,266
Significant Other Observable Inputs (Level 2) | Time certificates of deposits (f)    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [2] 1,990,899 1,164,892
Significant Other Observable Inputs (Level 2) | Federal Home Loan Bank borrowings (f)    
LIABILITIES    
Federal Home Loan Bank Borrowings, Fair Value Disclosure [2] 886,799 563
Significant Other Observable Inputs (Level 2) | Junior subordinated debentures (g)    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [3] 57,347 60,002
Significant Unobservable Inputs (Level 3) | Subordinated debentures (f)    
LIABILITIES    
Accrued Liabilities, Fair Value Disclosure [2] 45,990 45,891
U.S. Government agency securities    
ASSETS    
Debt Securities, Held-to-maturity 29,961 31,258 [4]
Held to Maturity, Fair Value, Total 28,342 29,036 [4]
U.S. Government agency securities | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total 28,342 29,036 [4]
U.S. treasury securities    
ASSETS    
Debt Securities, Held-to-maturity [4] 100,693 100,634
Held to Maturity, Fair Value, Total [4] 88,331 88,879
U.S. treasury securities | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 88,331 88,879
Agency mortgage-backed securities    
ASSETS    
Debt Securities, Held-to-maturity [4] 839,945 898,927
Held to Maturity, Fair Value, Total [4] 741,995 815,952
Agency mortgage-backed securities | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 741,995 815,952
Agency collateralized mortgage obligations    
ASSETS    
Debt Securities, Held-to-maturity [4] 490,011 535,971
Held to Maturity, Fair Value, Total [4] 404,144 458,417
Agency collateralized mortgage obligations | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 404,144 458,417
Single issuer trust preferred securities issued by banks    
ASSETS    
Debt Securities, Held-to-maturity [4] 1,500 1,500
Held to Maturity, Fair Value, Total [4] 1,335 1,508
Single issuer trust preferred securities issued by banks | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 1,335 1,508
Small Business Administration Pooled Securities [Member]    
ASSETS    
Debt Securities, Held-to-maturity [4] 132,169 136,830
Held to Maturity, Fair Value, Total [4] 120,283 130,918
Small Business Administration Pooled Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 0 0
Small Business Administration Pooled Securities [Member] | Significant Other Observable Inputs (Level 2)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 120,283 130,918
Small Business Administration Pooled Securities [Member] | Significant Unobservable Inputs (Level 3)    
ASSETS    
Held to Maturity, Fair Value, Total [4] 0 0
Loans, net of allowance for credit losses (b)    
ASSETS    
Loans, net of allowance for credit losses (b) [5] 14,071,675 13,760,164
Loans Receivable, Fair Value Disclosure [5] 13,102,058 13,260,873
Loans, net of allowance for credit losses (b) | Significant Unobservable Inputs (Level 3)    
ASSETS    
Loans Receivable, Fair Value Disclosure [5] 13,102,058 13,260,873
Investment in Federal Home Loan Bank Stock [Member]    
ASSETS    
Federal Home Loan Bank Stock [6] 43,878 5,218
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 43,878 5,218
Investment in Federal Home Loan Bank Stock [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)    
ASSETS    
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 0 0
Investment in Federal Home Loan Bank Stock [Member] | Significant Other Observable Inputs (Level 2)    
ASSETS    
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 43,878 5,218
Investment in Federal Home Loan Bank Stock [Member] | Significant Unobservable Inputs (Level 3)    
ASSETS    
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure [6] 0 0
Cash Surrender Value [Member]    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] 295,670 293,323
Bank Owned Life Insurance [7] 295,670 293,323
Cash Surrender Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] 0 0
Cash Surrender Value [Member] | Significant Other Observable Inputs (Level 2)    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] 295,670 293,323
Cash Surrender Value [Member] | Significant Unobservable Inputs (Level 3)    
ASSETS    
Cash Surrender Value, Fair Value Disclosure [7] $ 0 $ 0
[1] Fair value of demand deposits, savings and interest checking accounts and money market deposits is the amount payable on demand at the reporting date.
[2] Fair value was determined by discounting anticipated future cash payments using rates currently available for instruments with similar remaining maturities.
[3] Fair value was determined based upon market prices of securities with similar terms and maturities.
[4] The fair values presented are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments and/or discounted cash flow analysis.
[5] Fair value of loans is measured using the exit price valuation method, determined primarily by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities or cash flows, while incorporating liquidity and credit assumptions. Additionally, this amount excludes individually assessed collateral dependent loans, which are deemed to be marked to fair value on a nonrecurring basis.
[6] FHLB stock has no quoted market value and is carried at cost; therefore, the carrying amount approximates fair value.
[7] Cash surrender value of life insurance policies is recorded at its cash surrender value (or the amount that can be realized upon surrender of the policy), therefore, carrying amount approximates fair value.