XML 61 R48.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 Liabilities Measured at Fair Value on Recurring Basis

The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of December 31, (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fair Value Measurements at 2025 using

​

  ​ ​ ​

​

​

  ​ ​ ​

Significant

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

Quoted Prices in

​

Other

​

Significant

​

​

​

​

​

Active Markets for

​

Observable

​

Unobservable

​

​

​

​

​

Identical Assets

​

Inputs

​

Inputs

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Balance

ASSETS

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

AFS securities:

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

U.S. government and agency securities

​

$

88,946

​

$

15,056

​

$

—

​

$

104,002

Obligations of states and political subdivisions

​

 

—

​

 

487,885

​

 

—

​

 

487,885

Corporate and other bonds (1)

​

 

—

​

 

217,934

​

 

—

​

 

217,934

MBS

​

 

—

​

 

3,382,524

​

 

—

​

 

3,382,524

Other securities

​

 

—

​

 

1,956

​

 

—

​

 

1,956

LHFS

​

 

—

​

 

18,486

​

 

—

​

 

18,486

Financial Derivatives (2)

​

 

—

​

 

112,686

​

 

—

​

 

112,686

​

​

​

​

​

​

​

​

​

​

​

​

​

LIABILITIES

​

​

​

​

​

​

​

​

​

​

​

​

Financial Derivatives (2)

​

$

—

​

$

166,690

​

$

—

​

$

166,690

(1) Other bonds include asset-backed securities.

(2) Includes hedged and non-hedged derivatives.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fair Value Measurements at 2024 using

​

  ​ ​ ​

​

​

  ​ ​ ​

Significant

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

Quoted Prices in

​

Other

​

Significant

​

​

​

​

​

Active Markets for

​

Observable

​

Unobservable

​

​

​

​

​

Identical Assets

​

Inputs

​

Inputs

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Balance

ASSETS

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

AFS securities:

​

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

U.S. government and agency securities

​

$

62,199

​

$

3,814

​

$

—

​

$

66,013

Obligations of states and political subdivisions

​

 

—

​

 

468,337

​

 

—

​

 

468,337

Corporate and other bonds (1)

​

 

—

​

 

244,712

​

 

—

​

 

244,712

MBS

​

 

—

​

 

1,661,244

​

 

—

​

 

1,661,244

Other securities

​

 

—

​

 

1,860

​

 

—

​

 

1,860

LHFS

​

 

—

​

 

9,420

​

 

—

​

 

9,420

Financial Derivatives (2)

​

 

—

​

 

97,445

​

 

—

​

 

97,445

​

​

​

​

​

​

​

​

​

​

​

​

​

LIABILITIES

​

​

​

​

​

​

​

​

​

​

​

​

Financial Derivatives (2)

​

$

—

​

$

199,548

​

$

—

​

$

199,548

(1) Other bonds include asset-backed securities.

(2) Includes hedged and non-hedged derivatives.

​

​

Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis

The following tables summarize the Company’s financial assets that were measured on a nonrecurring basis as of the periods ended (dollars in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fair Value Measurements at 2025 using

​

  ​ ​ ​

​

​

  ​ ​ ​

Significant

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

Quoted Prices in

​

Other

​

Significant

​

​

​

​

​

Active Markets for

​

Observable

​

Unobservable

​

​

​

​

​

Identical Assets

​

Inputs

​

Inputs

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Balance

ASSETS

​

​

​

​

​

​

​

​

​

​

​

​

Individually assessed loans (1)

​

$

—

​

$

—

​

$

1,330

​

$

1,330

(1) Net of reserves of $203,000 related to collateral dependent loans as of December 31, 2025.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements at 2024 using

​

  ​ ​ ​

​

​

  ​ ​ ​

Significant

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

Quoted Prices in

​

Other

​

Significant

​

​

​

​

​

Active Markets for

​

Observable

​

Unobservable

​

​

​

​

​

Identical Assets

​

Inputs

​

Inputs

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Balance

ASSETS

​

​

​

​

​

​

​

​

​

​

​

​

Individually assessed loans (1)

​

$

—

​

$

—

​

$

14,636

​

$

14,636

(1) Net of reserves of $13.1 million related to collateral dependent loans as of December 31, 2024.

Carrying Values and Estimated Fair Values of the Company's Financial Instruments

​

​

The carrying values and estimated fair values of the Company’s financial instruments as of December 31, are as follows (dollars in thousands):

​

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements at 2025 using

​

  ​ ​ ​

​

​

  ​ ​ ​

Quoted Prices

  ​ ​ ​

Significant

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

​

​

​

in Active

​

Other

​

Significant

​

​

​

​

​

​

​

​

Markets for

​

Observable

​

Unobservable

​

Total Fair

​

​

​

​

​

Identical Assets

​

Inputs

​

Inputs

​

Value

​

​

Carrying

​

​

​

​

​

​

​

​

​

​

​

​

​

 

Value

​

Level 1

​

Level 2

​

Level 3

​

Balance

ASSETS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

966,462

​

$

966,462

​

$

—

​

$

—

​

$

966,462

AFS securities

​

 

4,194,301

​

 

88,946

​

 

4,105,355

​

 

—

​

 

4,194,301

HTM securities

​

 

884,216

​

 

—

​

 

855,906

​

 

906

​

 

856,812

Restricted stock

​

 

190,200

​

 

—

​

 

190,200

​

 

—

​

 

190,200

LHFS

​

 

18,486

​

 

—

​

 

18,486

​

 

—

​

 

18,486

LHFI, net of unearned income

​

 

27,796,167

​

 

—

​

 

—

​

 

27,517,137

​

 

27,517,137

Financial Derivatives (1)

​

 

112,686

​

 

—

​

 

112,686

​

 

—

​

 

112,686

Accrued interest receivable

​

 

131,741

​

 

—

​

 

131,741

​

 

—

​

 

131,741

BOLI

​

 

672,890

​

 

—

​

 

672,890

​

 

—

​

 

672,890

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

LIABILITIES

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Deposits

​

$

30,471,636

​

$

—

​

$

30,467,372

​

$

—

​

$

30,467,372

Borrowings

​

 

1,497,292

​

 

—

​

 

1,435,699

​

 

—

​

 

1,435,699

Accrued interest payable

​

 

19,412

​

 

—

​

 

19,412

​

 

—

​

 

19,412

Financial Derivatives (1)

​

 

166,690

​

 

—

​

 

166,690

​

 

—

​

 

166,690

(1) Includes hedged and non-hedged derivatives.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Fair Value Measurements at 2024 using

​

​

​

​

​

Quoted Prices

​

Significant

​

​

​

​

​

​

​

​

​

​

​

in Active

​

Other

​

Significant

​

​

​

​

​

​

​

​

Markets for

​

Observable

​

Unobservable

​

Total Fair

​

​

​

​

​

Identical Assets

​

Inputs

​

Inputs

​

Value

​

​

Carrying

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Value

​

Level 1

​

Level 2

​

Level 3

​

Balance

ASSETS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

354,074

​

$

354,074

​

$

—

​

$

—

​

$

354,074

AFS securities

​

 

2,442,166

​

 

62,199

​

 

2,379,967

​

 

—

​

 

2,442,166

HTM securities

​

 

803,851

​

 

—

​

 

758,400

​

 

935

​

 

759,335

Restricted stock

​

 

102,954

​

 

—

​

 

102,954

​

 

—

​

 

102,954

LHFS

​

 

9,420

​

 

—

​

 

9,420

​

 

—

​

 

9,420

LHFI, net of unearned income

​

 

18,470,621

​

 

—

​

 

—

​

 

17,896,688

​

 

17,896,688

Financial Derivatives (1)

​

 

97,445

​

 

—

​

 

97,445

​

 

—

​

 

97,445

Accrued interest receivable

​

 

92,541

​

 

—

​

 

92,541

​

 

—

​

 

92,541

BOLI

​

 

493,396

​

 

—

​

 

493,396

​

 

—

​

 

493,396

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

LIABILITIES

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Deposits

​

$

20,397,619

​

$

—

​

$

20,393,673

​

$

—

​

$

20,393,673

Borrowings

​

 

534,578

​

 

—

​

 

471,671

​

 

—

​

 

471,671

Accrued interest payable

​

 

26,214

​

 

—

​

 

26,214

​

 

—

​

 

26,214

Financial Derivatives (1)

​

 

199,548

​

 

—

​

 

199,548

​

 

—

​

 

199,548

(1) Includes hedged and non-hedged derivatives.