XML 47 R36.htm IDEA: XBRL DOCUMENT v3.25.1
INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investment securities    
Available-for-sale:    
Amount Outstanding $ 6,405,423 $ 6,183,545
Amortized cost 6,329,188 6,105,116
Allowance for losses (27) (27)
Unrealized Gains 23,361 9,514
Unrealized Losses (122,442) (161,589)
Fair Value 6,230,080 5,953,014
Held-to-maturity:    
Amount Outstanding 9,125 9,270
Amortized cost 9,125 9,270
Allowance for losses 0 0
Unrealized Gains 309 270
Unrealized Losses 0 0
Fair Value 9,434 9,540
Available-for-sale, accrued interest excluded 27,100 22,300
Available-for-Sale Securities | Investment securities    
Available-for-sale:    
Unamortized Premium/(Discount) (76,235) (78,429)
Held-to-maturity:    
Unamortized Premium/(Discount) (76,235) (78,429)
Held-to-Maturity Securities | Investment securities    
Available-for-sale:    
Unamortized Premium/(Discount) 0 0
Held-to-maturity:    
Unamortized Premium/(Discount) 0 0
Floating interest rate | Floating rate auction-rate certificates backed by Government guaranteed student loans    
Available-for-sale:    
Amount Outstanding 19,700 19,700
Amortized cost 19,700 19,700
Allowance for losses (27) (27)
Unrealized Gains 0 0
Unrealized Losses (320) (197)
Fair Value 19,353 19,476
Floating interest rate | Guaranteed mortgage-backed securities    
Available-for-sale:    
Amount Outstanding 2,404,113 2,317,032
Amortized cost 2,402,939 2,316,191
Allowance for losses 0 0
Unrealized Gains 3,046 3,484
Unrealized Losses (13,888) (13,950)
Fair Value 2,392,097 2,305,725
Floating interest rate | Available-for-Sale Securities | Floating rate auction-rate certificates backed by Government guaranteed student loans    
Available-for-sale:    
Unamortized Premium/(Discount) 0 0
Held-to-maturity:    
Unamortized Premium/(Discount) 0 0
Floating interest rate | Available-for-Sale Securities | Guaranteed mortgage-backed securities    
Available-for-sale:    
Unamortized Premium/(Discount) (1,174) (841)
Held-to-maturity:    
Unamortized Premium/(Discount) (1,174) (841)
Fixed Interest Rate | Guaranteed mortgage-backed securities    
Available-for-sale:    
Amount Outstanding 2,661,093 2,544,136
Amortized cost 2,595,137 2,477,291
Allowance for losses 0 0
Unrealized Gains 15,589 3,426
Unrealized Losses (106,814) (142,750)
Fair Value 2,503,912 2,337,967
Held-to-maturity:    
Amount Outstanding 9,125 9,270
Amortized cost 9,125 9,270
Allowance for losses 0 0
Unrealized Gains 309 270
Unrealized Losses 0 0
Fair Value $ 9,434 $ 9,540
Held-to-maturity investment securities weighted average yield 6.40% 6.40%
Fixed Interest Rate | US treasuries    
Available-for-sale:    
Amount Outstanding $ 1,320,517 $ 1,302,677
Amortized cost 1,311,412 1,291,934
Allowance for losses 0 0
Unrealized Gains 4,726 2,604
Unrealized Losses (1,420) (4,692)
Fair Value 1,314,718 1,289,846
Fixed Interest Rate | Available-for-Sale Securities | Guaranteed mortgage-backed securities    
Available-for-sale:    
Unamortized Premium/(Discount) (65,956) (66,845)
Held-to-maturity:    
Unamortized Premium/(Discount) (65,956) (66,845)
Fixed Interest Rate | Available-for-Sale Securities | US treasuries    
Available-for-sale:    
Unamortized Premium/(Discount) (9,105) (10,743)
Held-to-maturity:    
Unamortized Premium/(Discount) (9,105) (10,743)
Fixed Interest Rate | Held-to-Maturity Securities | Guaranteed mortgage-backed securities    
Available-for-sale:    
Unamortized Premium/(Discount) 0 0
Held-to-maturity:    
Unamortized Premium/(Discount) $ 0 $ 0