XML 71 R53.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financial Instruments (Tables)
12 Months Ended
Dec. 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 (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.
December 31, 2024
Carrying
Amount
Fair ValueLevel
(In thousands)
Financial assets:  
Cash and cash equivalents$910,347 $910,347 1
Federal funds sold3,725 3,725 1
Investment securities - available for sale3,051,110 3,051,110 2
Investment securities - available for sale21,529 21,529 3
Investment securities - held-to-maturity1,275,204 1,142,940 2
Loans receivable, net of impaired loans and allowance14,244,458 14,207,935 3
Accrued interest receivable120,129 120,129 1
FHLB, FRB & FNBB stock; other equity investments226,910 226,910 3
Marketable equity securities48,954 48,954 1
Financial liabilities:
Deposits:
Demand and non-interest bearing$4,006,115 $4,006,115 1
Savings and interest-bearing transaction accounts11,347,850 11,347,850 1
Time deposits1,792,332 1,781,156 3
Securities sold under agreements to repurchase162,350 162,350 1
FHLB and other borrowed funds600,750 556,095 2
Accrued interest payable20,186 20,186 1
Subordinated debentures439,246 375,887 3
December 31, 2023
Carrying
Amount
Fair ValueLevel
(In thousands)
Financial assets:  
Cash and cash equivalents$1,000,213 $1,000,213 1
Federal funds sold5,100 5,100 1
Investment securities - available for sale3,485,031 3,485,031 2
Investment securities - available for sale22,810 22,810 3
Investment securities - held-to-maturity1,281,982 1,170,481 2
Loans receivable, net of impaired loans and allowance14,048,002 14,071,775 3
Accrued interest receivable118,966 118,966 1
FHLB, FRB & FNBB stock; other equity investments223,748 223,748 3
Marketable equity securities49,419 49,419 1
Financial liabilities:
Deposits:
Demand and non-interest bearing$4,085,501 $4,085,501 1
Savings and interest-bearing transaction accounts11,050,347 11,050,347 1
Time deposits1,651,863 1,633,091 3
Securities sold under agreements to repurchase142,085 142,085 1
FHLB and other borrowed funds1,301,300 1,291,926 2
Accrued interest payable19,124 19,124 1
Subordinated debentures439,834 358,682 3