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Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 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.
| September 30, 2024
| Carrying Amount |  | Fair Value |  | Level
| (In thousands) |  |
Financial assets: |  |  |  |  |
Cash and cash equivalents | $ | 1,017,677 |  |  | $ | 1,017,677 |  |  | 1
Federal funds sold | 6,425 |  |  | 6,425 |  |  | 1
Investment securities - available-for-sale | 3,270,620 |  |  | 3,270,620 |  |  | 2
Investment securities - held-to-maturity | 1,277,090 |  |  | 1,194,455 |  |  | 2
Loans receivable, net of impaired loans and allowance | 14,397,652 |  |  | 14,489,849 |  |  | 3
Accrued interest receivable | 118,871 |  |  | 118,871 |  |  | 1
FHLB, FRB & FNBB Bank stock; other equity investments | 226,631 |  |  | 226,631 |  |  | 3
Marketable equity securities | 51,540 |  |  | 51,540 |  |  | 1
Financial liabilities: |  |  |  |  |
Deposits: |  |  |  |  |
Demand and non-interest bearing | $ | 3,937,168 |  |  | $ | 3,937,168 |  |  | 1
Savings and interest-bearing transaction accounts | 10,966,426 |  |  | 10,966,426 |  |  | 1
Time deposits | 1,802,116 |  |  | 1,792,949 |  |  | 3
Securities sold under agreements to repurchase | 179,416 |  |  | 179,416 |  |  | 1
FHLB and other borrowed funds | 1,300,750 |  |  | 1,277,447 |  |  | 2
Accrued interest payable | 39,897 |  |  | 39,897 |  |  | 1
Subordinated debentures | 439,394 |  |  | 388,048 |  |  | 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

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