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Note 16 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

As of December 31, 2024

 

Fair Value Measurements Using

  

Total at

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

 

Assets

 

(In thousands)

 

Securities AFS

                

U.S. Treasury securities

 $621,462  $  $  $621,462 

U.S. government agency entities

     9,149      9,149 

Mortgage-backed securities

     684,016      684,016 

Collateralized mortgage obligations

     24,556      24,556 

Corporate debt securities

     207,945      207,945 

Total securities available-for-sale

  621,462   925,666      1,547,128 
                 

Equity securities

                

Mutual funds

  5,532         5,532 

Preferred stock of government sponsored entities

  7,287         7,287 

Other equity securities

  20,071         20,071 

Total equity securities

  32,890         32,890 

Interest rate swaps

     39,958      39,958 

Foreign exchange contracts

     490      490 

Total assets

 $654,352  $966,114  $  $1,620,466 
                 

Liabilities

                

Interest rate swaps

 $  $36,319  $  $36,319 

Foreign exchange contracts

     785      785 

Total liabilities

 $  $37,104  $  $37,104 

As of December 31, 2023

 

Fair Value Measurements Using

  

Total at

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

 

Assets

 

(In thousands)

 

Securities AFS

                

U.S. Treasury securities

 $495,300  $  $  $495,300 

U.S. government agency entities

     48,169      48,169 

Mortgage-backed securities

     786,723      786,723 

Collateralized mortgage obligations

     28,044      28,044 

Corporate debt securities

     246,334      246,334 

Total securities available-for-sale

  495,300   1,109,270      1,604,570 
                 

Equity securities

                

Mutual funds

  5,585         5,585 

Preferred stock of government sponsored entities

  1,821         1,821 

Other equity securities

  33,000         33,000 

Total equity securities

  40,406         40,406 

Interest rate swaps

     54,268      54,268 

Foreign exchange contracts

     379      379 

Total assets

 $535,706  $1,163,917  $  $1,699,623 
                 

Liabilities

                

Interest rate swaps

 $  $45,762  $  $45,762 

Foreign exchange contracts

     175      175 

Total liabilities

 $  $45,937  $  $45,937 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

As of December 31, 2024

  

Total Losses

 
  

Fair Value Measurements Using

  

Total at

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

  

December 31, 2024

  

December 31, 2023

 

Assets

 

(In thousands)

 
                         

Non-accrual loans by type:

                        

Commercial loans

 $  $  $10,896  $10,896  $5,654  $ 

Commercial real estate loans

        15,320   15,320   4,049   4,069 

Residential mortgage and equity lines

        243   243   59    

Total non-accrual loans

        26,459   26,459   9,762   4,069 

Other real estate owned (1)

        24,126   24,126       

Other equity securities

        1,539   1,539       

Investments in venture capital

        86   86   147   227 

Total assets

 $  $  $52,210  $52,210  $9,909  $4,296 
  

As of December 31, 2023

  

Total Losses

 
  

Fair Value Measurements Using

  

Total at

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Fair Value

  

December 31, 2023

  

December 31, 2022

 

Assets

 

(In thousands)

 
                         

Non-accrual loans by type:

                        

Commercial loans

 $  $  $191  $191  $  $1,786 

Commercial real estate loans

        6,882   6,882   4,069   2,091 

Total non-accrual loans

        7,073   7,073   4,069   3,877 

Other real estate owned (1)

        20,446   20,446       

Investments in venture capital

        237   237   227   268 

Total assets

 $  $  $27,756  $27,756  $4,296  $4,145 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

December 31, 2024

  

December 31, 2023

 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $157,167  $157,167  $173,988  $173,988 

Short-term investments

  882,353   882,353   654,813   654,813 

Securities AFS

  1,547,128   1,547,128   1,604,570   1,604,570 

Loans, net

  19,203,649   19,500,647   19,382,858   19,605,152 

Equity securities

  34,429   34,429   40,406   40,406 

Investment in Federal Home Loan Bank stock

  17,250   17,250   17,746   17,746 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $62,794  $490  $124,452  $379 

Interest rate swaps

  1,065,580   39,958   1,406,879   54,268 

Financial Liabilities

 

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 
                 

Deposits

 $19,686,199  $19,670,327  $19,325,447  $19,347,070 

Advances from Federal Home Loan Bank

  60,000   59,606   540,000   536,996 

Other borrowings

  17,740   15,281   15,787   13,978 

Long-term debt

  119,136   73,752   119,136   72,304 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

  171,945   785   101,378   175 

Interest rate swaps

  1,198,471   36,319   1,078,880   45,762 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Off-Balance Sheet Financial Instruments

                

Commitments to extend credit

 $3,470,296  $(18,226) $3,808,620  $(14,344)

Standby letters of credit

  439,769   (2,900)  368,618   (2,821)

Other letters of credit

  12,347   (14)  11,308   (10)
Schedule Of Fair Value Of Financial Instruments [Table Text Block]
  

As of December 31, 2024

 
  

Estimated

             
  

Fair Value

             
  

Measurements

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $157,167  $157,167  $  $ 

Short-term investments

  882,353   882,353       

Loans, net

  19,500,647         19,500,647 

Equity securities

  1,539         1,539 

Investment in Federal Home Loan Bank stock

  17,250      17,250    

Financial Liabilities

                

Deposits

  19,670,327         19,670,327 

Advances from Federal Home Loan Bank

  59,606      59,606    

Other borrowings

  15,281         15,281 

Long-term debt

  73,752      73,752    
  

As of December 31, 2023

 
  

Estimated

             
  

Fair Value

             
  

Measurements

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $173,988  $173,988  $  $ 

Short-term investments

  654,813   654,813       

Loans, net

  19,605,152         19,605,152 

Equity securities

  40,406   40,406       

Investment in Federal Home Loan Bank stock

  17,746      17,746    

Financial Liabilities

                

Deposits

  19,347,070         19,347,070 

Advances from Federal Home Loan Bank

  536,996      536,996    

Other borrowings

  13,978         13,978 

Long-term debt

  72,304      72,304