XML 81 R60.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis
Financial assets and financial liabilities measured at fair value on a recurring basis are as follows:
 Fair Value Measurements at Reporting Date Using
As of December 31, 2025Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Investment debt securities available-for-sale:    
U.S. Treasury notes$237.7 $— $237.7 $— 
State, county, and municipal securities220.1 — 220.1 — 
Obligations of U.S. government agencies200.9 — 200.9 — 
U.S. agency commercial mortgage-backed securities856.7 — 856.7 — 
U.S. agency residential mortgage-backed securities1,770.1 — 1,770.1 — 
U.S. agency collateralized mortgage obligations922.7 — 922.7 — 
Private mortgage-backed securities174.4 — 174.4 — 
Collateralized loan obligations755.5 — 755.5 — 
Corporate securities150.0 — 150.0 — 
Loans held for sale1.1 — 1.1 — 
Derivative assets:
Interest rate swap contracts26.6 — 26.6 — 
Derivative liabilities:
Interest rate swap contracts77.3 — 77.3 — 
Deferred compensation plan assets23.2 23.2 — — 
 Fair Value Measurements at Reporting Date Using
As of December 31, 2024Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Investment debt securities available-for-sale:    
U.S. Treasury notes$226.9 $— $226.9 $— 
State, county, and municipal securities212.0 — 212.0 — 
Obligations of U.S. government agencies213.3 — 213.3 — 
U.S. agency commercial mortgage-backed securities982.8 — 982.8 — 
U.S. agency residential mortgage-backed securities
1,175.8 — 1,175.8 — 
U.S. agency collateralized mortgage obligations1,050.9 — 1,050.9 — 
Private mortgage-backed securities190.5 — 190.5 — 
Collateralized loan obligations772.0 — 772.0 — 
Corporate securities232.9 — 232.9 — 
Loans held for sale0.9 — 0.9 — 
Derivative assets:
Interest rate swap contracts44.9 — 44.9 — 
Derivative liabilities:
Interest rate collars1.0 — 1.0 — 
Interest rate swap contracts132.8 — 132.8 — 
Deferred compensation plan assets22.7 22.7 — — 
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Non-Recurring Basis The following table presents information about the Company’s assets and liabilities measured at fair value on a non-recurring basis with an adjustment during the period presented. The fair values may not be current as of the reporting date but represent fair values as of the most recent fair value change that occurred with the reporting period. Accordingly, carrying values may not equal the current fair value:
As of December 31, 2025Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Collateral-dependent loans$21.5 $— $— $21.5 
Long-lived assets to be disposed of by sale1.3 — — 1.3 
As of December 31, 2024
Collateral-dependent loans$97.6 $— $— $97.6 
Fair Value Inputs, Assets, Quantitative Information
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized Level 3 inputs to determine fair values:
As of December 31, 2025Fair ValueValuation TechniqueUnobservable InputsRange
(Weighted Average)
Collateral-dependent loans$21.5 AppraisalAppraisal adjustment2%-99%(33%)
Long-lived assets to be disposed of by sale1.3 AppraisalAppraisal adjustment—-——
As of December 31, 2024
Collateral-dependent loans$97.6 AppraisalAppraisal adjustment—%-87%(40%)
Fair Value, by Balance Sheet Grouping
The estimated fair values of financial instruments that are reported in the Company’s consolidated balance sheets, and are segregated by the level of the valuation inputs within the fair value hierarchy that are utilized to measure fair value, are as follows:
`Fair Value Measurements at Reporting Date Using
As of December 31, 2025Carrying AmountEstimated
Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant
Unobservable
Inputs
(Level 3)
Financial assets:     
Cash and cash equivalents$1,309.7 $1,309.7 $1,309.7 $— $— 
Investment debt securities held-to-maturity2,342.1 2,136.6 — 2,136.6 — 
Accrued interest receivable102.6 102.6 — 102.6 — 
Mortgage servicing rights, net23.1 32.3 — — 32.3 
Net loans held for investment15,010.2 14,769.1 — — 14,769.1 
Total financial assets$18,787.7 $18,350.3 $1,309.7 $2,239.2 $14,801.4 
Financial liabilities:
Total deposits, excluding time deposits$19,450.0 $19,450.0 $19,450.0 $— $— 
Time deposits2,638.3 2,629.2 — 2,629.2 — 
Securities sold under repurchase agreements479.6 479.6 — 479.6 — 
Other borrowed funds— — — — — 
Accrued interest payable36.9 36.9 — 36.9 — 
Long-term debt146.3 153.4 — 153.4 — 
Subordinated debentures held by subsidiary trusts149.8 140.0 — 140.0 — 
Total financial liabilities$22,900.9 $22,889.1 $19,450.0 $3,439.1 $— 
Fair Value Measurements at Reporting Date Using
As of December 31, 2024Carrying AmountEstimated
Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial assets:     
Cash and cash equivalents$896.6 $896.6 $896.6 $— $— 
Investment debt securities held-to-maturity2,687.5 2,358.6 — 2,358.6 — 
Accrued interest receivable116.8 116.8 — 116.8 — 
Mortgage servicing rights, net25.7 35.4 — — 35.4 
Net loans held for investment17,640.8 17,154.7 — — 17,154.7 
Total financial assets$21,367.4 $20,562.1 $896.6 $2,475.4 $17,190.1 
Financial liabilities:    
Total deposits, excluding time deposits$20,125.1 $20,125.1 $20,125.1 $— $— 
Time deposits2,890.5 2,875.5 — 2,875.5 — 
Securities sold under repurchase agreements523.9 523.9 — 523.9 — 
Other borrowed funds1,567.5 1,567.5 — 1,567.5 — 
Accrued interest payable47.0 47.0 — 47.0 — 
Long-term debt132.2 131.9 — 131.9 — 
Subordinated debentures held by subsidiary trusts163.1 152.3 — 152.3 — 
Total financial liabilities$25,449.3 $25,423.2 $20,125.1 $5,298.1 $—