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v3.22.2.2

FAIR VALUE MEASUREMENTS (Carrying Values and Estimated Fair Values of the Company's Financial Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021
--- | --- | ---
ASSETS |  |
Cash and cash equivalents | $ 390,942 | $ 802,501
Securities available for sale, at fair value | 2,717,323 | 3,481,650
HTM securities | 765,480 | 693,774
Restricted stock | 82,050 | 76,825
Loans held for sale, at fair value | 12,889 | 20,861
Net loans | 13,330,986 | 12,861,274
Derivatives: |  |
Fair value hedges | 4,511 |
Accrued interest receivable | 68,747 | 65,015
Bank owned life insurance | 437,988 | 431,517
LIABILITIES |  |
Deposits | 16,560,956 | 16,630,087
Borrowings | 605,018 | 488,796
Accrued interest payable | 3,910 | 933
Derivatives: |  |
Cash flow hedges | 7,735 |
Fair value hedges |  | 5,387
Quoted Prices in Active Markets for Identical Assets Level 1 |  |
ASSETS |  |
Cash and cash equivalents | 390,942 | 802,501
Securities available for sale, at fair value | 56,073 | 64,474
HTM securities | 0 | 0
Restricted stock | 0 | 0
Loans held for sale, at fair value | 0 | 0
Net loans | 0 | 0
Derivatives: |  |
Fair value hedges | 0 |
Accrued interest receivable | 0 | 0
Bank owned life insurance | 0 | 0
LIABILITIES |  |
Deposits | 0 | 0
Borrowings | 0 | 0
Accrued interest payable | 0 | 0
Derivatives: |  |
Cash flow hedges | 0 |
Fair value hedges |  | 0
Significant Other Observable Inputs Level 2 |  |
ASSETS |  |
Cash and cash equivalents | 0 | 0
Securities available for sale, at fair value | 2,661,250 | 3,417,176
HTM securities | 762,307 | 686,733
Restricted stock | 82,050 | 76,825
Loans held for sale, at fair value | 12,889 | 20,861
Net loans | 0 | 0
Derivatives: |  |
Fair value hedges | 4,511 |
Accrued interest receivable | 68,747 | 65,015
Bank owned life insurance | 437,988 | 431,517
LIABILITIES |  |
Deposits | 16,560,956 | 16,630,087
Borrowings | 605,018 | 488,796
Accrued interest payable | 3,910 | 933
Derivatives: |  |
Cash flow hedges | 7,735 |
Fair value hedges |  | 5,387
Significant Unobservable Inputs Level 3 |  |
ASSETS |  |
Cash and cash equivalents | 0 | 0
Securities available for sale, at fair value | 0 | 0
HTM securities | 3,173 | 7,041
Restricted stock | 0 | 0
Loans held for sale, at fair value | 0 | 0
Net loans | 13,330,986 | 12,861,274
Derivatives: |  |
Fair value hedges | 0 |
Accrued interest receivable | 0 | 0
Bank owned life insurance | 0 | 0
LIABILITIES |  |
Deposits | 0 | 0
Borrowings | 0 | 0
Accrued interest payable | 0 | 0
Derivatives: |  |
Cash flow hedges | 0 |
Fair value hedges |  | 0
Interest Rate Swap |  |
Derivatives: |  |
Interest rate swap | 72,627 | 73,696
Derivatives: |  |
Interest rate swap | 242,969 | 49,051
Interest Rate Swap | Quoted Prices in Active Markets for Identical Assets Level 1 |  |
Derivatives: |  |
Interest rate swap | 0 | 0
Derivatives: |  |
Interest rate swap | 0 | 0
Interest Rate Swap | Significant Other Observable Inputs Level 2 |  |
Derivatives: |  |
Interest rate swap | 72,627 | 73,696
Derivatives: |  |
Interest rate swap | 242,969 | 49,051
Interest Rate Swap | Significant Unobservable Inputs Level 3 |  |
Derivatives: |  |
Interest rate swap | 0 | 0
Derivatives: |  |
Interest rate swap | 0 | 0
Carrying Value |  |
ASSETS |  |
Cash and cash equivalents | 390,942 | 802,501
Securities available for sale, at fair value | 2,717,323 | 3,481,650
HTM securities | 841,349 | 628,000
Restricted stock | 82,050 | 76,825
Loans held for sale, at fair value | 12,889 | 20,861
Net loans | 13,810,711 | 13,096,056
Derivatives: |  |
Fair value hedges | 4,511 |
Accrued interest receivable | 68,747 | 65,015
Bank owned life insurance | 437,988 | 431,517
LIABILITIES |  |
Deposits | 16,546,216 | 16,611,068
Borrowings | 669,558 | 506,594
Accrued interest payable | 3,910 | 933
Derivatives: |  |
Cash flow hedges | 7,735 |
Fair value hedges |  | 5,387
Carrying Value | Interest Rate Swap |  |
Derivatives: |  |
Interest rate swap | 72,627 | 73,696
Derivatives: |  |
Interest rate swap | $ 242,969 | $ 49,051

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- Definition The carrying amount of a life insurance policy on an officer, executive or employee for which the reporting entity (a bank) is entitled to proceeds from the policy upon death of the insured or surrender of the insurance policy. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
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