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v3.25.2

Fair Value - Level 3 Assets (Details) - Level 3 - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | $ 25,424 | $ 26,453 | $ 37,331 | $ 24,368
Included in earnings | (241) | (332) | 50 | (502)
Included in other comprehensive income (loss) | 130 | 105 | 371 | 216
Purchases | 5,465 | 5,725 | 9,282 | 8,663
Sales | (2,029) | (610) | (3,893) | (952)
Transfers into Level 3 | 12,096 | 14,365 | 15,489 | 22,016
Transfers out of Level 3 | (7,595) | (3,445) | (25,380) | (11,548)
Ending balance | 33,250 | 42,261 | 33,250 | 42,261
Available-for-sale securities |  |  |  |
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | 16,777 | 18,485 | 30,357 | 17,034
Included in earnings | (232) | (393) | (596) | (649)
Included in other comprehensive income (loss) | 130 | 105 | 371 | 216
Purchases | 2,965 | 4,706 | 5,782 | 6,644
Sales | (2,029) | (526) | (3,893) | (868)
Transfers into Level 3 | 12,096 | 13,845 | 15,471 | 21,472
Transfers out of Level 3 | (7,097) | (2,459) | (24,882) | (10,086)
Ending balance | 22,610 | 33,763 | 22,610 | 33,763
Available-for-sale securities | Corporate debt securities |  |  |  |
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | 6,030 | 3,908 | 6,268 | 4,506
Included in earnings | 12 | 22 | 30 | 25
Included in other comprehensive income (loss) | 21 | (20) | (33) | 21
Purchases | 968 | 4,496 | 3,085 | 4,839
Sales | (217) | (521) | (792) | (823)
Transfers into Level 3 | 2,377 | 2,202 | 3,476 | 3,824
Transfers out of Level 3 | (3,015) | (1,544) | (5,858) | (3,849)
Ending balance | 6,176 | 8,543 | 6,176 | 8,543
Available-for-sale securities | Collateralized debt obligations |  |  |  |
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | 695 |  | 0 |
Included in earnings | (4) |  | (4) |
Included in other comprehensive income (loss) | 5 |  | 0 |
Purchases | 0 |  | 700 |
Sales | (696) |  | (696) |
Transfers into Level 3 | 0 |  | 0 |
Transfers out of Level 3 | 0 |  | 0 |
Ending balance | 0 |  | 0 |
Available-for-sale securities | Commercial mortgage-backed securities |  |  |  |
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | 9,129 | 14,577 | 24,089 | 10,994
Included in earnings | (240) | (415) | (622) | (669)
Included in other comprehensive income (loss) | 104 | 125 | 404 | 219
Purchases | 1,997 | 210 | 1,997 | 1,805
Sales | (1,098) | (5) | (2,387) | (5)
Transfers into Level 3 | 9,719 | 11,643 | 11,072 | 17,648
Transfers out of Level 3 | (3,177) | (915) | (18,119) | (4,772)
Ending balance | 16,434 | 25,220 | 16,434 | 25,220
Available-for-sale securities | Residential mortgage-backed securities |  |  |  |
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | 923 |  | 0 | 1,534
Included in earnings | 0 |  | 0 | (5)
Included in other comprehensive income (loss) | 0 |  | 0 | (24)
Purchases | 0 |  | 0 | 0
Sales | (18) |  | (18) | (40)
Transfers into Level 3 | 0 |  | 923 | 0
Transfers out of Level 3 | (905) |  | (905) | (1,465)
Ending balance | 0 | 0 | 0 | 0
Equity securities | Equity securities |  |  |  |
Roll forward of level 3 fair value measurements on a recurring basis |  |  |  |
Beginning balance | 8,647 | 7,968 | 6,974 | 7,334
Included in earnings | (9) | 61 | 646 | 147
Included in other comprehensive income (loss) | 0 | 0 | 0 | 0
Purchases | 2,500 | 1,019 | 3,500 | 2,019
Sales | 0 | (84) | 0 | (84)
Transfers into Level 3 | 0 | 520 | 18 | 544
Transfers out of Level 3 | (498) | (986) | (498) | (1,462)
Ending balance | $ 10,640 | $ 8,498 | $ 10,640 | $ 8,498

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