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v3.23.3

Fair Value Measurements (Details 1) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
ASSETS |  |  |
Trading |  | $ 4,476 | $ 3,888
Equity |  | 21,475 | 21,119
Recurring fair value measurements |  |  |
ASSETS |  |  |
Trading |  | 4,476 | 3,888
LIABILITIES |  |  |
TOTAL RECURRING FAIR VALUE MEASUREMENTS |  | 1,338,209 | 1,375,011
Recurring fair value measurements | Equity Securities [Member] |  |  |
ASSETS |  |  |
Equity |  | 21,475 | 21,119
Recurring fair value measurements | U.S. government agency securities |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 199,510 | 202,300
Recurring fair value measurements | Agency mortgage-backed securities |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 274,708 | 313,688
Recurring fair value measurements | Agency collateralized mortgage obligations |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 33,649 | 38,843
Recurring fair value measurements | Municipal Bonds [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 184 | 191
Recurring fair value measurements | Pooled trust preferred securities issued by banks and insurers |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 1,043 | 1,034
Recurring fair value measurements | Small Business Administration Pooled Securities [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 45,763 | 51,757
Recurring fair value measurements | Loans held for sale |  |  |
ASSETS |  |  |
Loans Held-for-sale, Fair Value Disclosure |  | 3,998 | 2,803
Recurring fair value measurements | Derivative Financial Instruments, Assets [Member] |  |  |
ASSETS |  |  |
Derivative Asset, Fair Value, Gross Asset |  | 159,487 | 127,958
Recurring fair value measurements | Derivative instruments |  |  |
LIABILITIES |  |  |
Financial and Nonfinancial Liabilities, Fair Value Disclosure |  | 204,971 | 179,911
Recurring fair value measurements | US Treasury Securities [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 798,887 | 791,341
Nonrecurring fair value measurements |  |  |
LIABILITIES |  |  |
TOTAL NONRECURRING FAIR VALUE MEASUREMENTS |  | 11,991 | 16,092
Nonrecurring fair value measurements | Collateral Dependent Loans [Member] |  |  |
ASSETS |  |  |
Assets, Fair Value Disclosure | [1] | 11,991 | 16,092
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements |  |  |
ASSETS |  |  |
Trading |  | 4,476 | 3,888
LIABILITIES |  |  |
TOTAL RECURRING FAIR VALUE MEASUREMENTS |  | 25,951 | 25,007
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | Equity Securities [Member] |  |  |
ASSETS |  |  |
Equity |  | 21,475 | 21,119
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | Municipal Bonds [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  |  | 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | Small Business Administration Pooled Securities [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 0 | 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring fair value measurements |  |  |
LIABILITIES |  |  |
TOTAL NONRECURRING FAIR VALUE MEASUREMENTS |  | 0 | 0
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements |  |  |
LIABILITIES |  |  |
TOTAL RECURRING FAIR VALUE MEASUREMENTS |  | 1,312,258 | 1,350,004
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Equity Securities [Member] |  |  |
ASSETS |  |  |
Equity |  | 0 | 0
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | U.S. government agency securities |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 199,510 | 202,300
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Agency mortgage-backed securities |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 274,708 | 313,688
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Agency collateralized mortgage obligations |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 33,649 | 38,843
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Municipal Bonds [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 184 | 191
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Pooled trust preferred securities issued by banks and insurers |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 1,043 | 1,034
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Small Business Administration Pooled Securities [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 45,763 | 51,757
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Loans held for sale |  |  |
ASSETS |  |  |
Loans Held-for-sale, Fair Value Disclosure |  | 3,998 | 2,803
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Derivative Financial Instruments, Assets [Member] |  |  |
ASSETS |  |  |
Derivative Asset, Fair Value, Gross Asset |  | 159,487 | 127,958
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Derivative instruments |  |  |
LIABILITIES |  |  |
Financial and Nonfinancial Liabilities, Fair Value Disclosure |  | 204,971 | 179,911
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | US Treasury Securities [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 798,887 | 791,341
Significant Other Observable Inputs (Level 2) | Nonrecurring fair value measurements |  |  |
LIABILITIES |  |  |
TOTAL NONRECURRING FAIR VALUE MEASUREMENTS |  | 0 | 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements |  |  |
LIABILITIES |  |  |
TOTAL RECURRING FAIR VALUE MEASUREMENTS |  | 0 | 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | Equity Securities [Member] |  |  |
ASSETS |  |  |
Equity |  | 0 | 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | Municipal Bonds [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  |  | 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | Small Business Administration Pooled Securities [Member] |  |  |
ASSETS |  |  |
Available for sale (amortized cost $1,524,555 and $1,566,779) |  | 0 | 0
Significant Unobservable Inputs (Level 3) | Nonrecurring fair value measurements |  |  |
LIABILITIES |  |  |
TOTAL NONRECURRING FAIR VALUE MEASUREMENTS |  | 11,991 | 16,092
Significant Unobservable Inputs (Level 3) | Nonrecurring fair value measurements | Collateral Dependent Loans [Member] |  |  |
ASSETS |  |  |
Assets, Fair Value Disclosure | [1] | $ 11,991 | $ 16,092
[1] | The carrying value of individually assessed collateral dependent loans is based on the lower of amortized cost or fair value of the underlying collateral less costs to sell. The fair value of the underlying collateral is generally determined through independent appraisals, which generally include various Level 3 inputs which are not identifiable. Appraisals may be adjusted by management for qualitative factors such as economic factors and estimated liquidation expenses. The range of these possible adjustments may vary.

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