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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured on Recurring Basis

The following table sets forth the Company’s financial assets by level within the fair value hierarchy that were measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024.

												Fair Value Measurements Using
(In thousands)						Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
September 30, 2025
Available-for-sale securities
U.S. Government agencies						$	48,355					$	—					$	48,355					$	—
Mortgage-backed securities						2,249,593						—						2,249,593						—
State and political subdivisions						845,371						—						845,371						—
Other securities						175,958						—						175,958						—
Mortgage loans held for sale						15,507						—						—						15,507
Assets held in trading accounts						12,695						12,695						—						—
Derivative asset						96,065						—						96,065						—
Derivative liability						(35,363)						—						(35,363)						—
December 31, 2024
Available-for-sale securities
U.S. Treasury						$	996					$	996					$	—					$	—
U.S. Government agencies						54,547						—						54,547						—
Mortgage-backed securities						1,392,759						—						1,392,759						—
States and political subdivisions						858,182						—						858,182						—
Other securities						222,942						—						222,942						—
Mortgage loans held for sale						11,417						—						—						11,417
Derivative asset						127,474						—						127,474						—
Derivative liability						(24,032)						—						(24,032)						—

Schedule of Financial Assets Measure on Nonrecurring Basis

The following table sets forth the Company’s assets by level within the fair value hierarchy that were measured at fair value on a nonrecurring basis as of September 30, 2025 and December 31, 2024. 

									Fair Value Measurements Using
(In thousands)			Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
September 30, 2025
Individually assessed loans (1) (2) (collateral-dependent)			$	108,416					$	—					$	—					$	108,416
Foreclosed assets and other real estate owned (1)			830						—						—						830
December 31, 2024
Individually assessed loans (1) (2) (collateral-dependent)			$	102,580					$	—					$	—					$	102,580
Foreclosed assets and other real estate owned (1)			881						—						—						881

________________________

(1)These amounts represent the resulting carrying amounts on the consolidated balance sheets for collateral-dependent loans and foreclosed assets and other real estate owned for which fair value re-measurements took place during the period.

(2)Identified reserves of $40.8 million and $30.1 million were related to collateral-dependent loans for which fair value re-measurements took place during the periods ended September 30, 2025 and December 31, 2024, respectively.

Schedule of Estimated Fair Values and Related Carrying Amounts

The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:

			Carrying						Fair Value Measurements
(In thousands)			Amount						Level 1						Level 2						Level 3						Total
September 30, 2025
Financial assets:
Cash and cash equivalents			$	643,617					$	643,617					$	—					$	—					$	643,617
Interest bearing balances due from banks - time			100						—						100						—						100
Interest receivable			104,383						—						104,383						—						104,383
Loans, net			16,930,811						—						—						16,437,397						16,437,397
Financial liabilities:
Noninterest bearing transaction accounts			4,377,232						—						4,377,232						—						4,377,232
Interest bearing transaction accounts and savings deposits			10,932,914						—						10,932,914						—						10,932,914
Time deposits			4,527,587						—						—						4,517,264						4,517,264
Federal funds purchased and securities sold under agreements to repurchase			22,348						—						22,348						—						22,348
Other borrowings			18,832						—						18,010						—						18,010
Subordinated notes and debentures			648,976						—						654,661						—						654,661
Interest payable			47,415						—						47,415						—						47,415
December 31, 2024
Financial assets:
Cash and cash equivalents			$	687,377					$	687,377					$	—					$	—					$	687,377
Interest bearing balances due from banks - time			100						—						100						—						100
Held-to-maturity securities, net			3,636,636						—						2,949,951						—						2,949,951
Interest receivable			123,243						—						123,243						—						123,243
Loans, net			16,770,918						—						—						16,153,128						16,153,128
Financial liabilities:
Noninterest bearing transaction accounts			4,460,517						—						4,460,517						—						4,460,517
Interest bearing transaction accounts and savings deposits			10,982,022						—						10,982,022						—						10,982,022
Time deposits			6,443,211						—						—						6,429,309						6,429,309
Federal funds purchased and securities sold under agreements to repurchase			37,109						—						37,109						—						37,109
Other borrowings			745,372						—						743,940						—						743,940
Subordinated notes and debentures			366,293						—						361,332						—						361,332
Interest payable			67,111						—						67,111						—						67,111

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
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-Paragraph 2
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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

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