XML 96 R85.htm IDEA: XBRL DOCUMENT v3.25.1
Borrowings and Subordinated Debentures - Subordinated Debentures (Details)
$ in Thousands, € in Millions
3 Months Ended
Mar. 31, 2025
USD ($)
Rate
Mar. 31, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Subordinated Borrowing [Line Items]      
Subordinated Debentures, Gross $ 1,013,514   $ 1,012,187
Subordinated debt $ 944,908   $ 941,923
Rate 4.96% 4.96% 5.06%
Debt Issuance Costs, Gross $ (3,700)    
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] $ (68,606)   $ (70,264)
Rate 5.33% [2] 5.33% [2] 5.48%
Subordinated Debentures | Subordinated Debt Trust V Due September 2033      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 7.66% [2] 7.66% [2] 7.71%
Subordinated Debentures | Subordinated Debt Trust VI Due September 2033      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 7.61% [2] 7.61% [2] 7.67%
Subordinated Debentures | Subordinated Debt Trust CII Due September 2033      
Subordinated Borrowing [Line Items]      
Balance $ 5,155   $ 5,155
Rate 7.51% [2] 7.51% [2] 7.56%
Subordinated Debentures | Subordinated Debt Trust VII Due April 2034      
Subordinated Borrowing [Line Items]      
Balance $ 61,856   $ 61,856
Rate 7.30% [2] 7.30% [2] 7.60%
Subordinated Debentures | Subordinated Debt Trust CIII Due September 2035      
Subordinated Borrowing [Line Items]      
Balance $ 20,619   $ 20,619
Rate 6.25% [2] 6.25% [2] 6.31%
Subordinated Debentures | Subordinated Debt Trust FCCI Due March 2037      
Subordinated Borrowing [Line Items]      
Balance $ 16,495   $ 16,495
Rate 6.16% [2] 6.16% [2] 6.22%
Subordinated Debentures | Subordinated Debt Trust FCBI Due December 2035      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 6.11% [2] 6.11% [2] 6.17%
Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series One      
Subordinated Borrowing [Line Items]      
Balance $ 82,475   $ 82,475
Rate 6.51% [2] 6.51% [2] 6.57%
Subordinated Debentures | Trust Preferred Securities Two Thousand Five Series Two      
Subordinated Borrowing [Line Items]      
Balance $ 128,866   $ 128,866
Rate 6.50% [2] 6.50% [2] 6.80%
Subordinated Debentures | Two Thousand Six One Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Balance $ 51,545   $ 51,545
Rate 9.45% [2] 9.45% [2] 9.95%
Subordinated Debentures | Two Thousand Six Two Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Balance $ 51,550   $ 51,550
Rate 6.50% [2] 6.50% [2] 6.80%
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Three      
Subordinated Borrowing [Line Items]      
Balance [3] $ 27,878   $ 26,687
Rate 4.67% [2] 4.67% [2] 5.10%
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Four      
Subordinated Borrowing [Line Items]      
Balance $ 16,470   $ 16,470
Rate 9.45% [2] 9.45% [2] 9.95%
Subordinated Debentures | Trust Preferred Securities Two Thousand Six Series Five      
Subordinated Borrowing [Line Items]      
Balance $ 6,650   $ 6,650
Rate 6.50% [2] 6.50% [2] 6.80%
Subordinated Debentures | Two Thousand Seven One Term Debt Securitization      
Subordinated Borrowing [Line Items]      
Balance $ 39,177   $ 39,177
Rate 6.50% [2] 6.50% [2] 6.80%
Subordinated Debentures | Subordinated notes due May 2031      
Subordinated Borrowing [Line Items]      
Balance [5] $ 381,321 [4]   $ 381,185
Rate [5] 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 7.96% 7.96% 7.99%
Subordinated Debentures | PMB CapitalTrust III      
Subordinated Borrowing [Line Items]      
Balance $ 10,310   $ 10,310
Rate 6.55% 6.55% 6.89%
[1] Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.
(6)    Interest rate is fixed until October 30, 2025, when it changes to a floating rate equal to 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 $3.7 million.
[5] Subordinated notes, net, issued at the Bank level rather than the holding company level.