XML 101 R90.htm IDEA: XBRL DOCUMENT v3.24.3
Borrowings and Subordinated Debentures - Subordinated Debentures (Details)
$ in Thousands, € in Millions
 9 Months Ended
Sep. 30, 2024
USD ($)
Rate
Sep. 30, 2024
EUR (€)
Dec. 31, 2023
USD ($)
Subordinated Borrowing [Line Items]      
Subordinated Debentures, Gross $ 1,014,065   $ 1,013,419
Subordinated debt $ 942,151   $ 936,599
Rate 5.12% 5.12% 4.92%
Debt Issuance Costs, Gross $ (4,000)    
Trust Preferred Securities Two Thousand Six Series Three      
Subordinated Borrowing [Line Items]      
Denomination value | €   € 25.8  
Subordinated notes due May 2031      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 2.52%    
Euribor Rate | Trust Preferred Securities Two Thousand Six Series Three      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 2.05%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust V Due September 2033      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 3.10%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust VI Due September 2033      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 3.05%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust CII Due September 2033      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 2.95%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust VII Due April 2034      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 2.75%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust CIII Due September 2035      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.69%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust FCCI Due March 2037      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.60%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Subordinated Debt Trust FCBI Due December 2035      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.55%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Trust Preferred Securities Two Thousand Five Series One      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Trust Preferred Securities Two Thousand Five Series Two      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Two Thousand Six Two Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Trust Preferred Securities Two Thousand Six Series Five      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Two Thousand Seven One Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | PMB Statutory Trust III      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 3.40%    
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | PMB CapitalTrust III      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 2.00%    
Prime | Two Thousand Six One Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Prime | Trust Preferred Securities Two Thousand Six Series Four      
Subordinated Borrowing [Line Items]      
Rate Index (Quarterly Reset) 1.95%    
Subordinated Debentures      
Subordinated Borrowing [Line Items]      
Unamortized discount [1] $ (71,914)   $ (76,820)
Rate 5.82% [2] 5.82% [2] 5.93%
Subordinated Debentures | Subordinated Debt Trust V Due September 2033      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 8.30% [2] 8.30% [2] 8.74%
Subordinated Debentures | Subordinated Debt Trust VI Due September 2033      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 8.26% [2] 8.26% [2] 8.70%
Subordinated Debentures | Subordinated Debt Trust CII Due September 2033      
Subordinated Borrowing [Line Items]      
Balance $ 5,155   $ 5,155
Rate 8.15% [2] 8.15% [2] 8.59%
Subordinated Debentures | Subordinated Debt Trust VII Due April 2034      
Subordinated Borrowing [Line Items]      
Balance $ 61,856   $ 61,856
Rate 8.27% [2] 8.27% [2] 8.40%
Subordinated Debentures | Subordinated Debt Trust CIII Due September 2035      
Subordinated Borrowing [Line Items]      
Balance $ 20,619   $ 20,619
Rate 6.90% [2] 6.90% [2] 7.34%
Subordinated Debentures | Subordinated Debt Trust FCCI Due March 2037      
Subordinated Borrowing [Line Items]      
Balance $ 16,495   $ 16,495
Rate 6.81% [2] 6.81% [2] 7.25%
Subordinated Debentures | Subordinated Debt Trust FCBI Due December 2035      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 6.76% [2] 6.76% [2] 7.20%
Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series One      
Subordinated Borrowing [Line Items]      
Balance $ 82,475   $ 82,475
Rate 7.16% [2] 7.16% [2] 7.60%
Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series Two      
Subordinated Borrowing [Line Items]      
Balance $ 128,866   $ 128,866
Rate 7.47% [2] 7.47% [2] 7.60%
Subordinated Debentures | Two Thousand Six One Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Balance $ 51,545   $ 51,545
Rate 10.45% [2] 10.45% [2] 10.45%
Subordinated Debentures | Two Thousand Six Two Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Balance $ 51,550   $ 51,550
Rate 7.47% [2] 7.47% [2] 7.60%
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Three      
Subordinated Borrowing [Line Items]      
Balance [3] $ 28,700   $ 28,453
Rate 5.71% [2] 5.71% [2] 6.00%
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Four      
Subordinated Borrowing [Line Items]      
Balance $ 16,470   $ 16,470
Rate 10.45% [2] 10.45% [2] 10.45%
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Five      
Subordinated Borrowing [Line Items]      
Balance $ 6,650   $ 6,650
Rate 7.47% [2] 7.47% [2] 7.60%
Subordinated Debentures | Two Thousand Seven One Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Balance $ 39,177   $ 39,177
Rate 7.47% [2] 7.47% [2] 7.60%
Subordinated Debentures | Subordinated notes due May 2031      
Subordinated Borrowing [Line Items]      
Balance $ 381,050 [4]   $ 380,651
Rate 3.25% [2] 3.25% [2] 3.25%
Subordinated Debentures | Subordinated Notes Due October 30, 2030      
Subordinated Borrowing [Line Items]      
Balance $ 75,000   $ 75,000
Rate 4.375% 4.375% 4.375%
Rate Index (Quarterly Reset) | Rate 4.195%    
Subordinated Debentures | PMB Statutory Trust III      
Subordinated Borrowing [Line Items]      
Balance $ 7,217   $ 7,217
Rate 8.32% 8.32% 9.02%
Subordinated Debentures | PMB CapitalTrust III      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 7.54% 7.54% 7.66%
[1] Amount represents the fair value adjustment on trust preferred securities assumed in acquisitions.
(6)    Interest rate is fixed until October 30, 2025, when it changes to a floating rate equal to a benchmark rate, which is expected to be 3-month Term SOFR, plus a spread of 419.5 basis points.
[2] Rates do not include the effects of discounts and issuance costs.
[3] Denomination is in Euros with a value of €25.8 million.
[4] Net of unamortized issuance costs of $4.0 million.