XML 55 R43.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Investment Securities - Gross Unrealized Losses and Fair Values of Investment Securities (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Available-for-Sale:        
Fair Value, Less than 12 Months $ 424.0 $ 0.9    
Gross Unrealized Losses, Less than 12 Months (1.8) 0.0    
Fair Value, 12 Months or Longer 4,599.6 5,505.5    
Gross Unrealized Losses, 12 Months or Longer (493.5) (469.5)    
Fair Value, Total 5,023.6 5,506.4    
Gross Unrealized Losses, Total (495.3) (469.5)    
Allowance for Credit Losses 0.0 0.0 $ (2.6) $ 0.0
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 6,266.0 6,307.8    
Gross Unrealized Gains 2.6 3.2    
Gross Unrealized Losses (495.3) (469.5)    
Estimated Fair Value 5,773.3 5,841.5    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 6,266.0 6,307.8    
Investment securities classified as held to maturity 2,853.5 3,208.7    
Allowance for Credit Losses (0.7) (0.8) $ (0.7) $ (1.9)
Net Amortized Cost 2,852.8 3,207.9    
Gross Unrealized Gains 0.2 0.4    
Gross Unrealized Losses (355.2) (334.3)    
Investment debt securities held-to-maturity 2,497.8 2,874.0    
Debt Securities, Held-To-Maturity, Transfer, Unamortized Loss   18.1    
Debt Securities, Held-To-Maturity, Transfer, Unamortized Gain   (10.7)    
US Treasury Notes Securities        
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 222.4      
Gross Unrealized Losses, 12 Months or Longer (27.8)      
Fair Value, Total 222.4      
Gross Unrealized Losses, Total (27.8)      
U.S. Treasury notes        
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   224.7    
Gross Unrealized Losses, 12 Months or Longer   (25.5)    
Fair Value, Total   224.7    
Gross Unrealized Losses, Total   (25.5)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 250.2 250.2    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (27.8) (25.5)    
Estimated Fair Value 222.4 224.7    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 250.2 250.2    
Investment securities classified as held to maturity 99.4 399.0    
Allowance for Credit Losses 0.0 0.0    
Net Amortized Cost 99.4 399.0    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (1.7) (2.8)    
Investment debt securities held-to-maturity 97.7 396.2    
State, county, and municipal securities        
Available-for-Sale:        
Fair Value, Less than 12 Months 1.0 0.0    
Gross Unrealized Losses, Less than 12 Months 0.0 0.0    
Fair Value, 12 Months or Longer 213.4 217.1    
Gross Unrealized Losses, 12 Months or Longer (40.0) (36.9)    
Fair Value, Total 214.4 217.1    
Gross Unrealized Losses, Total (40.0) (36.9)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 256.2 256.7    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (40.0) (36.9)    
Estimated Fair Value 216.2 219.8    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 256.2 256.7    
Investment securities classified as held to maturity 179.0 179.2    
Allowance for Credit Losses 0.0 0.0    
Net Amortized Cost 179.0 179.2    
Gross Unrealized Gains 0.1 0.2    
Gross Unrealized Losses (25.8) (24.2)    
Investment debt securities held-to-maturity 153.3 155.2    
Obligations of U.S. government agencies        
Available-for-Sale:        
Fair Value, Less than 12 Months 0.0 0.0    
Gross Unrealized Losses, Less than 12 Months 0.0 0.0    
Fair Value, 12 Months or Longer 162.1 168.0    
Gross Unrealized Losses, 12 Months or Longer (11.9) (10.9)    
Fair Value, Total 162.1 168.0    
Gross Unrealized Losses, Total (11.9) (10.9)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 174.4 179.4    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (11.9) (10.9)    
Estimated Fair Value 162.5 168.5    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 174.4 179.4    
Investment securities classified as held to maturity 355.3 354.5    
Allowance for Credit Losses 0.0 0.0    
Net Amortized Cost 355.3 354.5    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (45.5) (42.4)    
Investment debt securities held-to-maturity 309.8 312.1    
Private mortgage-backed securities        
Available-for-Sale:        
Fair Value, Less than 12 Months 0.0 0.0    
Gross Unrealized Losses, Less than 12 Months 0.0 0.0    
Fair Value, 12 Months or Longer 205.1 210.5    
Gross Unrealized Losses, 12 Months or Longer (31.2) (30.9)    
Fair Value, Total 205.1 210.5    
Gross Unrealized Losses, Total (31.2) (30.9)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 236.2 241.3    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (31.2) (30.9)    
Estimated Fair Value 205.0 210.4    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 236.2 241.3    
Collateralized Loan Obligations        
Available-for-Sale:        
Fair Value, Less than 12 Months 317.6 0.0    
Gross Unrealized Losses, Less than 12 Months (0.3) 0.0    
Fair Value, 12 Months or Longer 165.9 935.7    
Gross Unrealized Losses, 12 Months or Longer (0.2) (2.3)    
Fair Value, Total 483.5 935.7    
Gross Unrealized Losses, Total (0.5) (2.3)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,116.2 1,121.9    
Gross Unrealized Gains 0.7 0.1    
Gross Unrealized Losses (0.5) (2.3)    
Estimated Fair Value 1,116.4 1,119.7    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,116.2 1,121.9    
Corporate Debt Securities        
Available-for-Sale:        
Fair Value, Less than 12 Months 0.0 0.0    
Gross Unrealized Losses, Less than 12 Months 0.0 0.0    
Fair Value, 12 Months or Longer 237.0 236.5    
Gross Unrealized Losses, 12 Months or Longer (23.6) (24.4)    
Fair Value, Total 237.0 236.5    
Gross Unrealized Losses, Total (23.6) (24.4)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 260.5 260.8    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (23.6) (24.4)    
Estimated Fair Value 236.9 236.4    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 260.5 260.8    
Investment securities classified as held to maturity 57.0 57.0    
Allowance for Credit Losses (0.7) (0.8)    
Net Amortized Cost 56.3 56.2    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (6.2) (6.0)    
Investment debt securities held-to-maturity 50.1 50.2    
Commercial Mortgage-Backed Securities        
Available-for-Sale:        
Fair Value, Less than 12 Months 19.1 0.2    
Gross Unrealized Losses, Less than 12 Months (0.2) 0.0    
Fair Value, 12 Months or Longer 1,063.5 1,083.1    
Gross Unrealized Losses, 12 Months or Longer (93.9) (87.7)    
Fair Value, Total 1,082.6 1,083.3    
Gross Unrealized Losses, Total (94.1) (87.7)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,213.6 1,192.7    
Gross Unrealized Gains 0.3 0.6    
Gross Unrealized Losses (94.1) (87.7)    
Estimated Fair Value 1,119.8 1,105.6    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,213.6 1,192.7    
Investment securities classified as held to maturity 500.2 510.5    
Allowance for Credit Losses 0.0 0.0    
Net Amortized Cost 500.2 510.5    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (57.9) (52.9)    
Investment debt securities held-to-maturity 442.3 457.6    
Residential Mortgage Backed Securities        
Available-for-Sale:        
Fair Value, Less than 12 Months 50.2 0.7    
Gross Unrealized Losses, Less than 12 Months (0.8) 0.0    
Fair Value, 12 Months or Longer 1,231.1 1,287.5    
Gross Unrealized Losses, 12 Months or Longer (138.3) (130.6)    
Fair Value, Total 1,281.3 1,288.2    
Gross Unrealized Losses, Total (139.1) (130.6)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,462.4 1,496.3    
Gross Unrealized Gains 0.7 1.2    
Gross Unrealized Losses (139.1) (130.6)    
Estimated Fair Value 1,324.0 1,366.9    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,462.4 1,496.3    
Investment securities classified as held to maturity 1,197.6 1,232.6    
Allowance for Credit Losses 0.0 0.0    
Net Amortized Cost 1,197.6 1,232.6    
Gross Unrealized Gains 0.0 0.0    
Gross Unrealized Losses (146.6) (137.0)    
Investment debt securities held-to-maturity 1,051.0 1,095.6    
Collateralized Mortgage Obligations        
Available-for-Sale:        
Fair Value, Less than 12 Months 36.1 0.0    
Gross Unrealized Losses, Less than 12 Months (0.5) 0.0    
Fair Value, 12 Months or Longer 1,099.1 1,142.4    
Gross Unrealized Losses, 12 Months or Longer (126.6) (120.3)    
Fair Value, Total 1,135.2 1,142.4    
Gross Unrealized Losses, Total (127.1) (120.3)    
Allowance for Credit Losses 0.0 0.0    
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss 1,296.3 1,308.5    
Gross Unrealized Gains 0.9 1.3    
Gross Unrealized Losses (127.1) (120.3)    
Estimated Fair Value 1,170.1 1,189.5    
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,296.3 1,308.5    
Investment securities classified as held to maturity 465.0 475.9    
Allowance for Credit Losses 0.0 0.0    
Net Amortized Cost 465.0 475.9    
Gross Unrealized Gains 0.1 0.2    
Gross Unrealized Losses (71.5) (69.0)    
Investment debt securities held-to-maturity 393.6 $ 407.1    
US agency, residential and commercial MBS and CMOs        
Available-for-Sale:        
Debt Securities, Held-To-Maturity, Transfer, Unamortized Gain (10.0)      
State, county & municipal, obligations of US govt agencies and CLOs        
Available-for-Sale:        
Debt Securities, Held-To-Maturity, Transfer, Unamortized Loss $ 17.6