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v3.21.2

Fair Value of Assets and Liabilities - Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Financial Assets |  |
Debt securities, available-for-sale | $ 7,390,580 | $ 5,337,814
Recurring Measurements |  |
Financial Assets |  |
Loans held for sale, at fair value | 94,138 | 166,572
Total assets measured at fair value on a recurring basis | 7,489,914 | 5,513,192
Total financial liabilities |  | 2,056
Interest rate caps | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 553 | 201
Interest rate locks | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 3,884 | 8,605
TBA hedge | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 759 |
TBA hedge |  | 2,056
U.S. government and federal agency | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 31,373 | 38,588
U.S. government sponsored enterprises | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 47,051 | 9,781
State and local governments | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 508,691 | 1,416,683
Corporate bonds | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 198,119 | 349,098
Residential mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 5,491,345 | 2,289,090
Commercial mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 1,114,001 | 1,234,574
Level 1 | Recurring Measurements |  |
Financial Assets |  |
Loans held for sale, at fair value | 0 | 0
Total assets measured at fair value on a recurring basis | 0 | 0
Total financial liabilities |  | 0
Level 1 | Interest rate caps | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 0 | 0
Level 1 | Interest rate locks | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 0 | 0
Level 1 | TBA hedge | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 0 |
TBA hedge |  | 0
Level 1 | U.S. government and federal agency | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 1 | U.S. government sponsored enterprises | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 1 | State and local governments | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 1 | Corporate bonds | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 1 | Residential mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 1 | Commercial mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 2 | Recurring Measurements |  |
Financial Assets |  |
Loans held for sale, at fair value | 94,138 | 166,572
Total assets measured at fair value on a recurring basis | 7,489,914 | 5,513,192
Total financial liabilities |  | 2,056
Level 2 | Interest rate caps | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 553 | 201
Level 2 | Interest rate locks | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 3,884 | 8,605
Level 2 | TBA hedge | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 759 |
TBA hedge |  | 2,056
Level 2 | U.S. government and federal agency | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 31,373 | 38,588
Level 2 | U.S. government sponsored enterprises | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 47,051 | 9,781
Level 2 | State and local governments | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 508,691 | 1,416,683
Level 2 | Corporate bonds | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 198,119 | 349,098
Level 2 | Residential mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 5,491,345 | 2,289,090
Level 2 | Commercial mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 1,114,001 | 1,234,574
Level 3 | Recurring Measurements |  |
Financial Assets |  |
Loans held for sale, at fair value | 0 | 0
Total assets measured at fair value on a recurring basis | 0 | 0
Total financial liabilities |  | 0
Level 3 | Interest rate caps | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 0 | 0
Level 3 | Interest rate locks | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 0 | 0
Level 3 | TBA hedge | Recurring Measurements |  |
Financial Assets |  |
Interest rate caps | 0 |
TBA hedge |  | 0
Level 3 | U.S. government and federal agency | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 3 | U.S. government sponsored enterprises | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 3 | State and local governments | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 3 | Corporate bonds | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 3 | Residential mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | 0 | 0
Level 3 | Commercial mortgage-backed securities | Recurring Measurements |  |
Financial Assets |  |
Debt securities, available-for-sale | $ 0 | $ 0

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