v3.25.1
OBS Loan Commitments (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of the Approximate Amounts of Financial Instruments with Off-Balance Sheet Risk
The following table sets forth the approximate amounts of these financial instruments as of March 31, 2025 and December 31, 2024:
 March 31,December 31,
 20252024
Commitments to extend credit$3,482,436 $3,115,682 
MW commitments671,225 562,589 
Standby and commercial letters of credit112,074 111,930 
Total$4,265,735 $3,790,201 
Schedule of Allowance for Unfunded Commitments
The table below presents the activity in the allowance for unfunded commitment credit losses related to those financial instruments discussed above. This ACL on unfunded commitments is recorded in accounts payable and other liabilities on the consolidated balance sheets:
 Three Months Ended March 31,
 20252024
Beginning balance for ACL on unfunded commitments$6,103 $8,045 
Provision (benefit) for credit losses on unfunded commitments1,300 (1,541)
Ending balance of ACL on unfunded commitments$7,403 $6,504