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Note 13 - Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  | March 31, 2023 |  |  |  |  |
|  | Fair Value Measurements Using |  |  | Total at |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 269,698 |  |  | $ | — |  |  | $ | — |  |  | $ | 269,698 |
U.S. government agency entities |  |  | — |  |  |  | 59,931 |  |  |  | — |  |  |  | 59,931 |
U.S. government sponsored entities |  |  | — |  |  |  | 40,014 |  |  |  | — |  |  |  | 40,014 |
Mortgage-backed securities. |  |  | — |  |  |  | 857,302 |  |  |  | — |  |  |  | 857,302 |
Collateralized mortgage obligations. |  |  | — |  |  |  | 30,967 |  |  |  | — |  |  |  | 30,967 |
Corporate debt securities |  |  | — |  |  |  | 283,338 |  |  |  | — |  |  |  | 283,338 |
Total securities available-for-sale |  |  | 269,698 |  |  |  | 1,271,552 |  |  |  | — |  |  |  | 1,541,250 |
Equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  |  | 1,047 |  |  |  | — |  |  |  | — |  |  |  | 1,047 |
Preferred stock of government sponsored entities. |  |  | 5,597 |  |  |  | — |  |  |  | — |  |  |  | 5,597 |
Other equity securities |  |  | 20,367 |  |  |  | — |  |  |  | — |  |  |  | 20,367 |
Total equity securities |  |  | 27,011 |  |  |  | — |  |  |  | — |  |  |  | 27,011 |
Interest rate swaps |  |  | — |  |  |  | 49,620 |  |  |  | — |  |  |  | 49,620 |
Foreign exchange contracts |  |  | — |  |  |  | 975 |  |  |  | — |  |  |  | 975 |
Total assets |  | $ | 296,709 |  |  | $ | 1,322,147 |  |  | $ | — |  |  | $ | 1,618,856 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | — |  |  | $ | 42,027 |  |  | $ | — |  |  | $ | 42,027 |
Foreign exchange contracts |  |  | — |  |  |  | 429 |  |  |  | — |  |  |  | 429 |
Total liabilities |  | $ | — |  |  | $ | 42,456 |  |  | $ | — |  |  | $ | 42,456 |
|  | December 31, 2022 |  |  |  |  |
|  | Fair Value Measurements Using |  |  | Total at |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 240,500 |  |  | $ | — |  |  | $ | — |  |  | $ | 240,500 |
U.S. government agency entities |  |  | — |  |  |  | 63,610 |  |  |  | — |  |  |  | 63,610 |
U.S. government sponsored entities |  |  | — |  |  |  | 30,000 |  |  |  | — |  |  |  | 30,000 |
Mortgage-backed securities. |  |  | — |  |  |  | 867,094 |  |  |  | — |  |  |  | 867,094 |
Collateralized mortgage obligations. |  |  | — |  |  |  | 31,061 |  |  |  | — |  |  |  | 31,061 |
Corporate debt securities |  |  | — |  |  |  | 241,083 |  |  |  | — |  |  |  | 241,083 |
Total securities available-for-sale |  |  | 240,500 |  |  |  | 1,232,848 |  |  |  | — |  |  |  | 1,473,348 |
Equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  |  | 5,509 |  |  |  | — |  |  |  | — |  |  |  | 5,509 |
Preferred stock of government sponsored entities. |  |  | 1,289 |  |  |  | — |  |  |  | — |  |  |  | 1,289 |
Other equity securities |  |  | 15,360 |  |  |  | — |  |  |  | — |  |  |  | 15,360 |
Total equity securities |  |  | 22,158 |  |  |  | — |  |  |  | — |  |  |  | 22,158 |
Warrants |  |  | — |  |  |  | — |  |  |  | 50 |  |  |  | 50 |
Interest rate swaps |  |  | — |  |  |  | 44,443 |  |  |  | — |  |  |  | 44,443 |
Foreign exchange contracts |  |  | — |  |  |  | 448 |  |  |  | — |  |  |  | 448 |
Total assets |  | $ | 262,658 |  |  | $ | 1,277,739 |  |  | $ | 50 |  |  | $ | 1,540,447 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | — |  |  | $ | 51,864 |  |  | $ | — |  |  | $ | 51,864 |
Foreign exchange contracts |  |  | — |  |  |  | 942 |  |  |  | — |  |  |  | 942 |
Total liabilities |  | $ | — |  |  | $ | 52,806 |  |  | $ | — |  |  | $ | 52,806 |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  | As of March 31, 2023 |  |  | Total Losses |
|  | Fair Value Measurements Using |  |  | Total at |  |  | For the Three Months Ended |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |  |  | March 31, 2023 |  |  | March 31, 2022 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non accrual loans by type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  | $ | — |  |  | $ | — |  |  | $ | 11,032 |  |  | $ | 11,032 |  |  | $ | 2,793 |  |  | $ | — |
Commercial mortgage loans |  |  | — |  |  |  | — |  |  |  | 7,907 |  |  |  | 7,907 |  |  |  | 3,990 |  |  |  | — |
Residential mortgage loans and equity lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total non accrual loans |  |  | — |  |  |  | — |  |  |  | 18,939 |  |  |  | 18,939 |  |  |  | 6,783 |  |  |  | — |
Other real estate owned (1) |  |  | — |  |  |  | — |  |  |  | 4,328 |  |  |  | 4,328 |  |  |  | — |  |  |  | — |
Investments in venture capital |  |  | — |  |  |  | — |  |  |  | 561 |  |  |  | 561 |  |  |  | — |  |  |  | — |
Total assets |  | $ | — |  |  | $ | — |  |  | $ | 23,828 |  |  | $ | 23,828 |  |  | $ | 6,783 |  |  | $ | — |
|  | As of December 31, 2022 |  |  | Total Losses |
|  | Fair Value Measurements Using |  |  | Total at |  |  | For the Twelve Months Ended |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |  |  | December 31, 2022 |  |  | December 31, 2021 |
|  | (In thousands) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non accrual loans by type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  | $ | — |  |  | $ | — |  |  | $ | 12,950 |  |  | $ | 12,950 |  |  | $ | 1,786 |  |  | $ | 1,012 |
Commercial mortgage loans |  |  | — |  |  |  | — |  |  |  | 32,205 |  |  |  | 32,205 |  |  |  | 2,091 |  |  |  | — |
Residential mortgage loans and equity lines |  |  | — |  |  |  | — |  |  |  | 8,978 |  |  |  | 8,978 |  |  |  | — |  |  |  | — |
Installment and other loans |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | 8 |  |  |  | — |  |  |  | — |
Total non accrual loans |  |  | — |  |  |  | — |  |  |  | 54,141 |  |  |  | 54,141 |  |  |  | 3,877 |  |  |  | 1,012 |
Other real estate owned (1) |  |  | — |  |  |  | — |  |  |  | 4,328 |  |  |  | 4,328 |  |  |  | — |  |  |  | 17 |
Investments in venture capital . |  |  | — |  |  |  | — |  |  |  | 689 |  |  |  | 689 |  |  |  | 268 |  |  |  | 143 |
Total assets |  | $ | — |  |  | $ | — |  |  | $ | 59,158 |  |  | $ | 59,158 |  |  | $ | 4,145 |  |  | $ | 1,172 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Carrying |  |  |  |  |  |  | Carrying |  |  |  |  |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
|  | (In thousands) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 252,048 |  |  | $ | 252,048 |  |  | $ | 195,440 |  |  | $ | 195,440 |
Short-term investments |  |  | 881,282 |  |  |  | 881,282 |  |  |  | 966,962 |  |  |  | 966,962 |
Securities available-for-sale |  |  | 1,541,250 |  |  |  | 1,541,250 |  |  |  | 1,473,348 |  |  |  | 1,473,348 |
Loans, net |  |  | 18,166,583 |  |  |  | 18,195,465 |  |  |  | 18,100,898 |  |  |  | 17,944,588 |
Equity securities |  |  | 27,011 |  |  |  | 27,011 |  |  |  | 22,158 |  |  |  | 22,158 |
Investment in Federal Home Loan Bank stock |  |  | 17,250 |  |  |  | 17,250 |  |  |  | 17,250 |  |  |  | 17,250 |
Warrants |  |  | — |  |  |  | — |  |  |  | 50 |  |  |  | 50 |
|  | Notional |  |  |  |  |  |  | Notional |  |  |  |  |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
Foreign exchange contracts |  | $ | 234,733 |  |  | $ | 975 |  |  | $ | 72,996 |  |  | $ | 448 |
Interest rate swaps |  |  | 933,688 |  |  |  | 49,620 |  |  |  | 817,615 |  |  |  | 44,443 |
|  | Carrying |  |  |  |  |  |  | Carrying |  |  |  |  |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 18,648,872 |  |  | $ | 18,798,687 |  |  | $ | 18,505,279 |  |  | $ | 18,572,387 |
Advances from Federal Home Loan Bank |  |  | 360,000 |  |  |  | 358,334 |  |  |  | 485,000 |  |  |  | 482,737 |
Other borrowings |  |  | 22,481 |  |  |  | 18,461 |  |  |  | 22,600 |  |  |  | 18,385 |
Long-term debt |  |  | 119,136 |  |  |  | 61,939 |  |  |  | 119,136 |  |  |  | 68,231 |
|  | Notional |  |  |  |  |  |  | Notional |  |  |  |  |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
Foreign exchange contracts. |  | $ | 42,753 |  |  | $ | 429 |  |  | $ | 170,213 |  |  | $ | 942 |
Interest rate swaps |  |  | 592,514 |  |  |  | 42,027 |  |  |  | 595,426 |  |  |  | 51,864 |
|  | Notional |  |  |  |  |  |  | Notional |  |  |  |  |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
Off-Balance Sheet Financial Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit |  | $ | 3,806,329 |  |  | $ | (13,896 | ) |  | $ | 3,630,304 |  |  | $ | (14,797 | )
Standby letters of credit |  |  | 332,575 |  |  |  | (2,825 | ) |  |  | 315,821 |  |  |  | (2,738 | )
Other letters of credit |  |  | 9,073 |  |  |  | (8 | ) |  |  | 29,416 |  |  |  | (33 | )
Schedule Of Fair Value Of Financial Instruments [Table Text Block] |
|  | As of March 31, 2023 |
|  | Estimated |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Measurements |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 252,048 |  |  | $ | 252,048 |  |  | $ | — |  |  | $ | — |
Short-term investments. |  |  | 881,282 |  |  |  | 881,282 |  |  |  | — |  |  |  | — |
Securities available-for-sale |  |  | 1,541,250 |  |  |  | 269,698 |  |  |  | 1,271,552 |  |  |  | — |
Loans, net |  |  | 18,195,465 |  |  |  | — |  |  |  | — |  |  |  | 18,195,465 |
Equity securities |  |  | 27,011 |  |  |  | 27,011 |  |  |  | — |  |  |  | — |
Investment in Federal Home Loan Bank stock |  |  | 17,250 |  |  |  | — |  |  |  | 17,250 |  |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 18,798,687 |  |  |  | — |  |  |  | — |  |  |  | 18,798,687 |
Advances from Federal Home Loan Bank |  |  | 358,334 |  |  |  | — |  |  |  | 358,334 |  |  |  | — |
Other borrowings |  |  | 18,461 |  |  |  | — |  |  |  | — |  |  |  | 18,461 |
Long-term debt |  |  | 61,939 |  |  |  | — |  |  |  | 61,939 |  |  |  | — |
|  | As of December 31, 2022 |
|  | Estimated |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Measurements |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (In thousands) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 195,440 |  |  | $ | 195,440 |  |  | $ | — |  |  | $ | — |
Short-term investments. |  |  | 966,962 |  |  |  | 966,962 |  |  |  | — |  |  |  | — |
Securities available-for-sale |  |  | 1,473,348 |  |  |  | 240,500 |  |  |  | 1,232,848 |  |  |  | — |
Loans, net |  |  | 17,944,588 |  |  |  | — |  |  |  | — |  |  |  | 17,944,588 |
Equity securities |  |  | 22,158 |  |  |  | 22,158 |  |  |  | — |  |  |  | — |
Investment in Federal Home Loan Bank stock |  |  | 17,250 |  |  |  | — |  |  |  | 17,250 |  |  |  | — |
Warrants |  |  | 50 |  |  |  | — |  |  |  | — |  |  |  | 50 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 18,572,387 |  |  |  | — |  |  |  | — |  |  |  | 18,572,387 |
Advances from Federal Home Loan Bank |  |  | 482,737 |  |  |  | — |  |  |  | 482,737 |  |  |  | — |
Other borrowings |  |  | 18,385 |  |  |  | — |  |  |  | — |  |  |  | 18,385 |
Long-term debt |  |  | 68,231 |  |  |  | — |  |  |  | 68,231 |  |  |  | — |

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