XML 72 R52.htm IDEA: XBRL DOCUMENT v3.25.4
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured on Recurring Basis
The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a recurring basis as of December 31, 2025 and 2024. 

  Fair Value Measurements
(In thousands)Fair ValueQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)
December 31, 2025    
Available-for-sale securities    
U.S. Government agencies$47,172 $— $47,172 $— 
Mortgage-backed securities2,201,958 — 2,201,958 — 
State and political subdivisions859,071 — 859,071 — 
Other securities158,020 — 158,020 — 
Mortgage loans held for sale17,438 — — 17,438 
Assets held in trading accounts11,685 11,685 — — 
Derivative asset87,463 — 87,463 — 
Derivative liability(31,522)— (31,522)— 
December 31, 2024    
Available-for-sale securities    
U.S. Treasury$996 $996 $— $— 
U.S. Government agencies54,547 — 54,547 — 
Mortgage-backed securities1,392,759 — 1,392,759 — 
State and political subdivisions858,182 — 858,182 — 
Other securities222,942 — 222,942 — 
Mortgage loans held for sale11,417 — — 11,417 
Derivative asset127,474 — 127,474 — 
Derivative liability(24,032)— (24,032)— 
Schedule of Financial Assets Measure on Nonrecurring Basis
The following table sets forth the Company’s assets by level within the fair value hierarchy that were measured at fair value on a nonrecurring basis as of December 31, 2025 and 2024.
 
  Fair Value Measurements Using
(In thousands)Fair ValueQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)
December 31, 2025    
Individually assessed loans (1) (2) (collateral-dependent)
$112,374 $— $— $112,374 
Foreclosed assets and other real estate owned (1)
1,081 — — 1,081 
December 31, 2024    
Individually assessed loans (1) (2) (collateral-dependent)
$102,580 $— $— $102,580 
Foreclosed assets and other real estate owned (1)
881 — — 881 
______________________
(1)    These amounts represent the resulting carrying amounts on the consolidated balance sheets for collateral-dependent loans and foreclosed assets and other real estate owned for which fair value re-measurements took place during the period.
(2)    Identified reserves of $9.1 million and $30.1 million were related to collateral-dependent loans for which fair value re-measurements took place during the years ended December 31, 2025 and 2024, respectively.
Schedule of Estimated Fair Values and Related Carrying Amounts
The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows: 
 CarryingFair Value Measurements
(In thousands)AmountLevel 1Level 2Level 3Total
December 31, 2025     
Financial assets:     
Cash and cash equivalents$711,913 $711,913 $— $— $711,913 
Interest bearing balances due from banks - time100 — 100 — 100 
Interest receivable104,062 — 104,062 — 104,062 
Loans, net17,267,802 — — 17,056,124 17,056,124 
Financial liabilities:     
Noninterest bearing transaction accounts4,330,211 — 4,330,211 — 4,330,211 
Interest bearing transaction accounts and savings deposits
11,141,169 — 11,141,169 — 11,141,169 
Time deposits4,712,658 — — 4,704,667 4,704,667 
Federal funds purchased and securities sold under agreements to repurchase
21,383 — 21,383 — 21,383 
Other borrowings302,253 — 301,500 — 301,500 
Subordinated notes and debentures317,714 — 333,472 — 333,472 
Interest payable34,683 — 34,683 — 34,683 
December 31, 2024     
Financial assets:     
Cash and cash equivalents$687,377 $687,377 $— $— $687,377 
Interest bearing balances due from banks - time100 — 100 — 100 
Held-to-maturity securities, net3,636,636 — 2,949,951 — 2,949,951 
Interest receivable123,243 — 123,243 — 123,243 
Loans, net16,770,918 — — 16,153,128 16,153,128 
Financial liabilities:     
Noninterest bearing transaction accounts4,460,517 — 4,460,517 — 4,460,517 
Interest bearing transaction accounts and savings deposits
10,982,022 — 10,982,022 — 10,982,022 
Time deposits6,443,211 — — 6,429,309 6,429,309 
Federal funds purchased and securities sold under agreements to repurchase
37,109 — 37,109 — 37,109 
Other borrowings745,372 — 743,940 — 743,940 
Subordinated notes and debentures366,293 — 361,332 — 361,332 
Interest payable67,111 — 67,111 — 67,111