COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Balances of Commitments and Contingencies

The following table presents the balances of commitments and contingencies as of the following dates (dollars in thousands):

	June 30, 2022		December 31, 2021
Commitments with off-balance sheet risk:
Commitments to extend credit (1)	$	5,253,798	$	5,825,557
Letters of credit		154,241		152,506
Total commitments with off-balance sheet risk	$	5,408,039	$	5,978,063
(1) Includes unfunded overdraft protection.

Schedule of Pledged Assets, Not Separately Reported on Statement of Financial Position

The Company pledges collateral to secure various financing and other activities that occur during the normal course of business as part of the liquidity management strategy. The following tables present the types of collateral pledged at June 30, 2022 and December 31, 2021 (dollars in thousands):

	Pledged Assets as of June 30, 2022
			AFS		HTM
	Cash		Securities (1)		Securities (1)		Loans (2)		Total
Public deposits	$	—	$	579,459	$	498,568	$	—	$	1,078,027
Repurchase agreements		—		124,242		—		—		124,242
FHLB advances		—		38,944		—		2,592,215		2,631,159
Derivatives		180,786		59,353		—		—		240,139
Fed Funds		—		—		—		435,262		435,262
Other purposes		—		27,610		869		—		28,479
Total pledged assets	$	180,786	$	829,608	$	499,437	$	3,027,477	$	4,537,308

	Pledged Assets as of December 31, 2021
			AFS		HTM
	Cash		Securities (1)		Securities (1)		Loans (2)		Total
Public deposits	$	—	$	703,489	$	472,243	$	—	$	1,175,732
Repurchase agreements		—		130,217		—		—		130,217
FHLB advances		—		43,722		—		4,263,259		4,306,981
Derivatives		82,299		65,053		—		—		147,352
Fed Funds		—		—		—		392,067		392,067
Other purposes		—		22,003		985		—		22,988
Total pledged assets	$	82,299	$	964,484	$	473,228	$	4,655,326	$	6,175,337
(1) Balance represents market value.
(2) Balance represents book value.