XML 35 R28.htm IDEA: XBRL DOCUMENT v3.26.1
Securities (Tables)
3 Months Ended
Mar. 31, 2026
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities Available for Sale

 

March 31, 2026

 

December 31, 2025

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Gross

 

Gross

 

 

 

Securities Available for Sale

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

($ in thousands)

Cost

 

Gains

 

Losses

 

Value

 

Cost

 

Gains

 

Losses

 

Value

 

U.S. Treasury and government agency securities

$

279,080

 

$

4,562

 

$

1,175

 

$

282,467

 

$

266,825

 

$

3,705

 

$

1,198

 

$

269,332

 

Municipal obligations

 

180,786

 

 

49

 

 

692

 

 

180,143

 

 

191,754

 

 

82

 

 

508

 

 

191,328

 

Residential mortgage-backed securities

 

2,567,467

 

 

6,254

 

 

240,316

 

 

2,333,405

 

 

2,620,980

 

 

11,643

 

 

256,994

 

 

2,375,629

 

Commercial mortgage-backed securities

 

3,218,115

 

 

6,457

 

 

84,252

 

 

3,140,320

 

 

3,217,663

 

 

10,530

 

 

144,868

 

 

3,083,325

 

Collateralized mortgage obligations

 

24,998

 

 

 

 

1,184

 

 

23,814

 

 

27,100

 

 

 

 

1,154

 

 

25,946

 

Corporate debt securities

 

17,000

 

 

 

 

763

 

 

16,237

 

 

17,000

 

 

37

 

 

680

 

 

16,357

 

  Total

$

6,287,446

 

$

17,322

 

$

328,382

 

$

5,976,386

 

$

6,341,322

 

$

25,997

 

$

405,402

 

$

5,961,917

 

 

Amortized Cost and Fair Value of Debt Securities Held to Maturity

 

March 31, 2026

 

December 31, 2025

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Gross

 

Gross

 

 

 

Securities Held to Maturity

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

($ in thousands)

Cost

 

Gains

 

Losses

 

Value

 

Cost

 

Gains

 

Losses

 

Value

 

U.S. Treasury and government agency securities

$

368,667

 

$

271

 

$

29,171

 

$

339,767

 

$

373,605

 

$

248

 

$

30,143

 

$

343,710

 

Municipal obligations

 

457,346

 

 

370

 

 

11,556

 

 

446,160

 

 

511,516

 

 

708

 

 

11,455

 

 

500,769

 

Residential mortgage-backed securities

 

480,249

 

 

 

 

35,764

 

 

444,485

 

 

497,338

 

 

 

 

34,239

 

 

463,099

 

Commercial mortgage-backed securities

 

728,004

 

 

 

 

48,510

 

 

679,494

 

 

731,329

 

 

 

 

46,455

 

 

684,874

 

Collateralized mortgage obligations

 

17,362

 

 

 

 

539

 

 

16,823

 

 

19,094

 

 

 

 

520

 

 

18,574

 

  Total

$

2,051,628

 

$

641

 

$

125,540

 

$

1,926,729

 

$

2,132,882

 

$

956

 

$

122,812

 

$

2,011,026

 

Proceeds from, Gross Gains on, and Gross Losses on Sales of Securities

The following table presents the proceeds from, gross gains on, and gross losses on sales of securities during the three months ended March 31, 2026 and 2025. Net gains or losses are reflected in the "Securities transactions, net" line item on the Consolidated Statements of Income.

 

 

Three Months Ended
March 31,

 

($ in thousands)

 

2026

 

 

2025

 

Proceeds

 

$

1,414,258

 

 

$

 

Gross gains

 

 

7

 

 

 

 

Gross losses

 

 

98,602

 

 

 

 

Net loss

 

$

(98,595

)

 

$

 

Available for Sale Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Debt Securities Available for Sale

 

Amortized

 

 

Fair

 

($ in thousands)

 

Cost

 

 

Value

 

Due in one year or less

 

$

35,304

 

 

$

35,323

 

Due after one year through five years

 

 

1,382,114

 

 

 

1,360,911

 

Due after five years through ten years

 

 

2,091,263

 

 

 

2,020,407

 

Due after ten years

 

 

2,778,765

 

 

 

2,559,745

 

Total

 

$

6,287,446

 

 

$

5,976,386

 

Securities with Unrealized Losses

The fair value and gross unrealized losses for securities classified as available for sale with unrealized losses for the periods indicated follow.

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2026

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 

($ in thousands)

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

U.S. Treasury and government agency securities

 

$

11,910

 

$

101

 

 

$

6,708

 

$

1,074

 

 

$

18,618

 

$

1,175

 

Municipal obligations

 

 

47,068

 

 

400

 

 

 

95,944

 

 

292

 

 

 

143,012

 

 

692

 

Residential mortgage-backed securities

 

 

395,000

 

 

3,778

 

 

 

1,283,981

 

 

236,538

 

 

 

1,678,981

 

 

240,316

 

Commercial mortgage-backed securities

 

 

1,758,136

 

 

19,383

 

 

 

829,335

 

 

64,869

 

 

 

2,587,471

 

 

84,252

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

23,814

 

 

1,184

 

 

 

23,814

 

 

1,184

 

Corporate debt securities

 

 

2,989

 

 

11

 

 

 

13,248

 

 

752

 

 

 

16,237

 

 

763

 

  Total

 

$

2,215,103

 

$

23,673

 

 

$

2,253,030

 

$

304,709

 

 

$

4,468,133

 

$

328,382

 

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

Losses < 12 Months

 

 

Losses 12 Months or >

 

 

Total

 

($ in thousands)

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

U.S. Treasury and government agency securities

 

$

17,468

 

$

9

 

 

$

14,677

 

$

1,189

 

 

$

32,145

 

$

1,198

 

Municipal obligations

 

 

 

 

 

 

 

124,852

 

 

508

 

 

 

124,852

 

 

508

 

Residential mortgage-backed securities

 

 

54,250

 

 

598

 

 

 

1,442,746

 

 

256,396

 

 

 

1,496,996

 

 

256,994

 

Commercial mortgage-backed securities

 

 

374,740

 

 

1,787

 

 

 

2,158,865

 

 

143,081

 

 

 

2,533,605

 

 

144,868

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

25,946

 

 

1,154

 

 

 

25,946

 

 

1,154

 

Corporate debt securities

 

 

1,998

 

 

2

 

 

 

11,322

 

 

678

 

 

 

13,320

 

 

680

 

  Total

 

$

448,456

 

$

2,396

 

 

$

3,778,408

 

$

403,006

 

 

$

4,226,864

 

$

405,402

 

Held-to-maturity Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Debt Securities Held to Maturity

 

Amortized

 

 

Fair

 

($ in thousands)

 

Cost

 

 

Value

 

Due in one year or less

 

$

139,208

 

 

$

138,554

 

Due after one year through five years

 

 

701,252

 

 

 

678,711

 

Due after five years through ten years

 

 

419,862

 

 

 

397,573

 

Due after ten years

 

 

791,306

 

 

 

711,891

 

Total

 

$

2,051,628

 

 

$

1,926,729

 

Securities with Unrealized Losses

The fair value and gross unrealized losses for securities classified as held to maturity with unrealized losses for the periods indicated follow.

Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2026

 

Losses < 12 Months

 

 

Losses 12 Months or >

 

 

Total

 

($ in thousands)

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

U.S. Treasury and government agency securities

 

$

8,563

 

$

24

 

 

$

313,146

 

$

29,147

 

 

$

321,709

 

$

29,171

 

Municipal obligations

 

 

101,661

 

 

305

 

 

 

171,360

 

 

11,251

 

 

 

273,021

 

 

11,556

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

444,485

 

 

35,764

 

 

 

444,485

 

 

35,764

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

679,494

 

 

48,510

 

 

 

679,494

 

 

48,510

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

16,823

 

 

539

 

 

 

16,823

 

 

539

 

  Total

 

$

110,224

 

$

329

 

 

$

1,625,308

 

$

125,211

 

 

$

1,735,532

 

$

125,540

 

 

Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

Losses < 12 Months

 

 

Losses 12 Months or >

 

 

Total

 

($ in thousands)

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Gross
Unrealized
Losses

 

U.S. Treasury and government agency securities

 

$

 

$

 

 

$

316,814

 

$

30,143

 

 

$

316,814

 

$

30,143

 

Municipal obligations

 

 

98,559

 

 

97

 

 

 

325,241

 

 

11,358

 

 

 

423,800

 

 

11,455

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

463,099

 

 

34,239

 

 

 

463,099

 

 

34,239

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

684,874

 

 

46,455

 

 

 

684,874

 

 

46,455

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

18,574

 

 

520

 

 

 

18,574

 

 

520

 

  Total

 

$

98,559

 

$

97

 

 

$

1,808,602

 

$

122,715

 

 

$

1,907,161

 

$

122,812