XML 56 R44.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Estimated Fair Values of Financial Instruments | The following table presents the estimated fair values of the Company’s financial instruments. Fair value is the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date.
| March 31, 2024
| Carrying Amount |  | Fair Value |  | Level
| (In thousands) |  |
Financial assets: |  |  |  |  |
Cash and cash equivalents | $ | 1,175,258 |  |  | $ | 1,175,258 |  |  | 1
Federal funds sold | 5,200 |  |  | 5,200 |  |  | 1
Investment securities - available for sale | 3,400,884 |  |  | 3,400,884 |  |  | 2
Investment securities - held-to-maturity | 1,280,586 |  |  | 1,159,145 |  |  | 2
Loans receivable, net of impaired loans and allowance | 14,125,177 |  |  | 14,068,484 |  |  | 3
Accrued interest receivable | 119,029 |  |  | 119,029 |  |  | 1
FHLB, FRB & FNBB Bank stock; other equity investments | 226,765 |  |  | 226,765 |  |  | 3
Marketable equity securities | 50,422 |  |  | 50,422 |  |  | 1
Financial liabilities: |  |  |  |  |
Deposits: |  |  |  |  |
Demand and non-interest bearing | $ | 4,115,603 |  |  | $ | 4,115,603 |  |  | 1
Savings and interest-bearing transaction accounts | 11,047,258 |  |  | 11,047,258 |  |  | 1
Time deposits | 1,703,269 |  |  | 1,681,484 |  |  | 3
Securities sold under agreements to repurchase | 176,107 |  |  | 176,107 |  |  | 1
FHLB and other borrowed funds | 1,301,050 |  |  | 1,288,077 |  |  | 2
Accrued interest payable | 21,860 |  |  | 21,860 |  |  | 1
Subordinated debentures | 439,688 |  |  | 364,500 |  |  | 3
| December 31, 2023
| Carrying Amount |  | Fair Value |  | Level
| (In thousands) |  |
Financial assets: |  |  |  |  |
Cash and cash equivalents | $ | 1,000,213 |  |  | $ | 1,000,213 |  |  | 1
Federal funds sold | 5,100 |  |  | 5,100 |  |  | 1
Investment securities - available for sale | 3,507,841 |  |  | 3,507,841 |  |  | 2
Investment securities - held-to-maturity | 1,281,982 |  |  | 1,170,481 |  |  | 2
Loans receivable, net of impaired loans and allowance | 14,048,002 |  |  | 14,071,775 |  |  | 3
Accrued interest receivable | 118,966 |  |  | 118,966 |  |  | 1
FHLB, FRB & FNBB Bank stock; other equity investments | 223,748 |  |  | 223,748 |  |  | 3
Marketable equity securities | 49,419 |  |  | 49,419 |  |  | 1
Financial liabilities: |  |  |  |  |
Deposits: |  |  |  |  |
Demand and non-interest bearing | $ | 4,085,501 |  |  | $ | 4,085,501 |  |  | 1
Savings and interest-bearing transaction accounts | 11,050,347 |  |  | 11,050,347 |  |  | 1
Time deposits | 1,651,863 |  |  | 1,633,091 |  |  | 3
Securities sold under agreements to repurchase | 142,085 |  |  | 142,085 |  |  | 1
FHLB and other borrowed funds | 1,301,300 |  |  | 1,291,926 |  |  | 2
Accrued interest payable | 19,124 |  |  | 19,124 |  |  | 1
Subordinated debentures | 439,834 |  |  | 358,682 |  |  | 3

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration