XML 60 R51.htm IDEA: XBRL DOCUMENT v3.23.2
Investment Securities - Gross Unrealized Losses and Fair Values of Investment Securities (Details) - USD ($)
$ in Millions
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Available-for-Sale:            
Fair Value, Less than 12 Months $ 1,114.2   $ 5,071.9      
Gross Unrealized Losses, Less than 12 Months (67.0)   (346.6)      
Fair Value, 12 Months or Longer 4,731.7   1,545.6      
Gross Unrealized Losses, 12 Months or Longer (523.5)   (283.1)      
Fair Value, Total 5,845.9   6,617.5      
Gross Unrealized Losses, Total (590.5)   (629.7)      
Allowance for Credit Losses (1.4) $ (2.6) 0.0 $ 0.0 $ 0.0 $ 0.0
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 6,448.2   7,573.5      
Gross Unrealized Gains 0.2   2.3      
Gross Unrealized Losses (590.5)   (629.7)      
Estimated Fair Value 5,857.9   6,946.1      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 6,449.6   7,573.5      
Investment securities classified as held to maturity 3,318.4   3,453.7      
Allowance for Credit Losses (0.7) $ (0.7) (1.9) $ (1.6) $ (1.6) $ 0.0
Net Amortized Cost 3,317.7   3,451.8      
Gross Unrealized Gains 0.4   0.4      
Gross Unrealized Losses (393.4)   (400.0)      
Investment debt securities held-to-maturity 2,924.7   3,052.2      
US Treasury Notes Securities            
Available-for-Sale:            
Fair Value, Less than 12 Months 47.2          
Gross Unrealized Losses, Less than 12 Months (2.3)          
Fair Value, 12 Months or Longer 171.9          
Gross Unrealized Losses, 12 Months or Longer (28.7)          
Fair Value, Total 219.1          
Gross Unrealized Losses, Total (31.0)          
U.S. Treasury notes            
Available-for-Sale:            
Fair Value, Less than 12 Months     168.8      
Gross Unrealized Losses, Less than 12 Months     (4.7)      
Fair Value, 12 Months or Longer     170.4      
Gross Unrealized Losses, 12 Months or Longer     (29.8)      
Fair Value, Total     339.2      
Gross Unrealized Losses, Total     (34.5)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 250.1   675.1      
Gross Unrealized Gains 0.0   2.1      
Gross Unrealized Losses (31.0)   (34.5)      
Estimated Fair Value 219.1   642.7      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 250.1   675.1      
Investment securities classified as held to maturity 397.8   396.6      
Allowance for Credit Losses 0.0   0.0      
Net Amortized Cost 397.8   396.6      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (8.9)   (10.2)      
Investment debt securities held-to-maturity 388.9   386.4      
State, county, and municipal securities            
Available-for-Sale:            
Fair Value, Less than 12 Months 9.0   104.9      
Gross Unrealized Losses, Less than 12 Months (0.4)   (9.0)      
Fair Value, 12 Months or Longer 204.0   146.1      
Gross Unrealized Losses, 12 Months or Longer (42.8)   (41.6)      
Fair Value, Total 213.0   251.0      
Gross Unrealized Losses, Total (43.2)   (50.6)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 258.1   314.3      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (43.2)   (50.6)      
Estimated Fair Value 214.9   263.7      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 258.1   314.3      
Investment securities classified as held to maturity 180.5   181.2      
Allowance for Credit Losses 0.0   (0.1)      
Net Amortized Cost 180.5   181.1      
Gross Unrealized Gains 0.2   0.2      
Gross Unrealized Losses (27.0)   (31.6)      
Investment debt securities held-to-maturity 153.7   149.7      
Obligations of U.S. government agencies            
Available-for-Sale:            
Fair Value, Less than 12 Months 60.6   152.2      
Gross Unrealized Losses, Less than 12 Months (3.1)   (10.1)      
Fair Value, 12 Months or Longer 111.0   46.1      
Gross Unrealized Losses, 12 Months or Longer (11.3)   (7.2)      
Fair Value, Total 171.6   198.3      
Gross Unrealized Losses, Total (14.4)   (17.3)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 186.4   216.2      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (14.4)   (17.3)      
Estimated Fair Value 172.0   198.9      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 186.4   216.2      
Investment securities classified as held to maturity 353.1   351.7      
Allowance for Credit Losses 0.0   0.0      
Net Amortized Cost 353.1   351.7      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (48.9)   (49.6)      
Investment debt securities held-to-maturity 304.2   302.1      
Private mortgage-backed securities            
Available-for-Sale:            
Fair Value, Less than 12 Months 0.0   133.1      
Gross Unrealized Losses, Less than 12 Months 0.0   (19.1)      
Fair Value, 12 Months or Longer 217.1   94.9      
Gross Unrealized Losses, 12 Months or Longer (36.4)   (17.8)      
Fair Value, Total 217.1   228.0      
Gross Unrealized Losses, Total (36.4)   (36.9)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 253.5   264.9      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (36.4)   (36.9)      
Estimated Fair Value 217.1   228.0      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 253.5   264.9      
Collateralized Loan Obligations            
Available-for-Sale:            
Fair Value, Less than 12 Months 0.0   1,082.6      
Gross Unrealized Losses, Less than 12 Months 0.0   (33.1)      
Fair Value, 12 Months or Longer 1,124.3   28.9      
Gross Unrealized Losses, 12 Months or Longer (17.5)   (0.5)      
Fair Value, Total 1,124.3   1,111.5      
Gross Unrealized Losses, Total (17.5)   (33.6)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,141.8   1,145.2      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (17.5)   (33.6)      
Estimated Fair Value 1,124.3   1,111.6      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,141.8   1,145.2      
Corporate Debt Securities            
Available-for-Sale:            
Fair Value, Less than 12 Months 16.3   130.6      
Gross Unrealized Losses, Less than 12 Months (0.9)   (8.3)      
Fair Value, 12 Months or Longer 211.2   110.8      
Gross Unrealized Losses, 12 Months or Longer (31.7)   (22.5)      
Fair Value, Total 227.5   241.4      
Gross Unrealized Losses, Total (32.6)   (30.8)      
Allowance for Credit Losses (1.4)   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 260.1   272.3      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (32.6)   (30.8)      
Estimated Fair Value 227.5   241.5      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 261.5   272.3      
Investment securities classified as held to maturity 57.1   80.1      
Allowance for Credit Losses (0.7)   (1.8)      
Net Amortized Cost 56.4   78.3      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (7.8)   (7.0)      
Investment debt securities held-to-maturity 48.6   71.3      
Commercial Mortgage-Backed Securities            
Available-for-Sale:            
Fair Value, Less than 12 Months 396.0   1,069.8      
Gross Unrealized Losses, Less than 12 Months (23.7)   (59.9)      
Fair Value, 12 Months or Longer 696.8   270.8      
Gross Unrealized Losses, 12 Months or Longer (87.0)   (57.0)      
Fair Value, Total 1,092.8   1,340.6      
Gross Unrealized Losses, Total (110.7)   (116.9)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,212.9   1,468.0      
Gross Unrealized Gains 0.2   0.2      
Gross Unrealized Losses (110.7)   (117.0)      
Estimated Fair Value 1,102.4   1,351.2      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,212.9   1,468.0      
Investment securities classified as held to maturity 517.8   526.8      
Allowance for Credit Losses 0.0   0.0      
Net Amortized Cost 517.8   526.8      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (61.4)   (58.3)      
Investment debt securities held-to-maturity 456.4   468.5      
Residential Mortgage Backed Securities            
Available-for-Sale:            
Fair Value, Less than 12 Months 272.5   1,213.5      
Gross Unrealized Losses, Less than 12 Months (15.7)   (112.3)      
Fair Value, 12 Months or Longer 1,102.8   344.6      
Gross Unrealized Losses, 12 Months or Longer (143.4)   (55.4)      
Fair Value, Total 1,375.3   1,558.1      
Gross Unrealized Losses, Total (159.1)   (167.7)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,534.5   1,726.0      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (159.1)   (167.7)      
Estimated Fair Value 1,375.4   1,558.3      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,534.5   1,726.0      
Investment securities classified as held to maturity 1,311.4   1,391.5      
Allowance for Credit Losses 0.0   0.0      
Net Amortized Cost 1,311.4   1,391.5      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (160.7)   (166.6)      
Investment debt securities held-to-maturity 1,150.7   1,224.9      
Collateralized Mortgage Obligations            
Available-for-Sale:            
Fair Value, Less than 12 Months 312.6   1,016.4      
Gross Unrealized Losses, Less than 12 Months (20.9)   (90.1)      
Fair Value, 12 Months or Longer 892.6   333.0      
Gross Unrealized Losses, 12 Months or Longer (124.7)   (51.3)      
Fair Value, Total 1,205.2   1,349.4      
Gross Unrealized Losses, Total (145.6)   (141.4)      
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,350.8   1,491.5      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses (145.6)   (141.3)      
Estimated Fair Value 1,205.2   1,350.2      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,350.8   1,491.5      
Investment securities classified as held to maturity 500.7   525.8      
Allowance for Credit Losses 0.0   0.0      
Net Amortized Cost 500.7   525.8      
Gross Unrealized Gains 0.2   0.2      
Gross Unrealized Losses (78.7)   (76.7)      
Investment debt securities held-to-maturity 422.2   449.3      
Other investments            
Available-for-Sale:            
Allowance for Credit Losses 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss   0.0      
Gross Unrealized Gains 0.0   0.0      
Gross Unrealized Losses 0.0   0.0      
Estimated Fair Value 0.0   0.0      
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 0.0   0.0      
Other Investments            
Available-for-Sale:            
Investment securities classified as held to maturity     0.0      
Allowance for Credit Losses     0.0      
Net Amortized Cost     0.0      
Gross Unrealized Gains     0.0      
Gross Unrealized Losses     0.0      
Investment debt securities held-to-maturity     0.0      
Other Security Investments            
Available-for-Sale:            
Fair Value, Less than 12 Months 0.0          
Gross Unrealized Losses, Less than 12 Months 0.0          
Fair Value, 12 Months or Longer 0.0          
Gross Unrealized Losses, 12 Months or Longer 0.0          
Fair Value, Total 0.0          
Gross Unrealized Losses, Total $ 0.0          
Investment securities classified as held to maturity     $ 0.0