v3.25.2
Investment Securities - Schedule of Investment Securities (Details) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Available-for-sale securities      
Amortized Cost $ 5,389,193,000 $ 4,725,539,000 $ 4,906,690,000
Gross Unrealized Gains 7,097,000 2,071,000 1,393,000
Gross Unrealized Losses (510,575,000) (586,128,000) (578,126,000)
Fair Value 4,885,715,000 4,141,482,000 4,329,957,000
Held-to-maturity securities      
Amortized Cost 3,502,584,000 3,613,720,000 3,756,415,000
Gross Unrealized Gains 3,041,000 1,066,000 517,000
Gross Unrealized Losses (636,210,000) (704,236,000) (696,465,000)
Fair Value 2,869,415,000 2,910,550,000 3,060,467,000
Less: Allowance for credit losses (398,000) (457,000) (491,000)
Held-to-maturity securities, net of allowance for credit losses 3,502,186,000 3,613,263,000 3,755,924,000
Equity securities with readily determinable fair value      
Amortized Cost 273,789,000 220,758,000 117,674,000
Gross Unrealized Gains 7,047,000 2,905,000 2,882,000
Gross Unrealized Losses (7,114,000) (8,251,000) (8,383,000)
Fair Value 273,722,000 215,412,000 112,173,000
U.S. Treasury      
Available-for-sale securities      
Amortized Cost 12,979,000 37,858,000 102,721,000
Gross Unrealized Gains 39,000 49,000 5,000
Gross Unrealized Losses 0 0 (14,000)
Fair Value 13,018,000 37,907,000 102,712,000
U.S. government agencies      
Available-for-sale securities      
Amortized Cost 50,000,000 50,000,000 50,000,000
Gross Unrealized Gains 0 0 0
Gross Unrealized Losses (4,176,000) (5,055,000) (4,808,000)
Fair Value 45,824,000 44,945,000 45,192,000
Held-to-maturity securities      
Amortized Cost 313,540,000 313,539,000 336,458,000
Gross Unrealized Gains 0 0 0
Gross Unrealized Losses (64,071,000) (69,127,000) (70,928,000)
Fair Value 249,469,000 244,412,000 265,530,000
Municipal      
Available-for-sale securities      
Amortized Cost 182,761,000 188,405,000 151,347,000
Gross Unrealized Gains 1,120,000 528,000 390,000
Gross Unrealized Losses (3,237,000) (4,340,000) (5,129,000)
Fair Value 180,644,000 184,593,000 146,608,000
Held-to-maturity securities      
Amortized Cost 156,753,000 161,016,000 166,400,000
Gross Unrealized Gains 296,000 243,000 155,000
Gross Unrealized Losses (4,030,000) (5,290,000) (6,789,000)
Fair Value 153,019,000 155,969,000 159,766,000
Corporate notes      
Held-to-maturity securities      
Amortized Cost 53,531,000 56,851,000 57,199,000
Gross Unrealized Gains 75,000 8,000 0
Gross Unrealized Losses (1,000,000) (1,870,000) (3,211,000)
Fair Value 52,606,000 54,989,000 53,988,000
Financial issuers      
Available-for-sale securities      
Amortized Cost 82,000,000 83,997,000 83,996,000
Gross Unrealized Gains 0 0 0
Gross Unrealized Losses (3,199,000) (3,828,000) (7,011,000)
Fair Value 78,801,000 80,169,000 76,985,000
Other      
Available-for-sale securities      
Amortized Cost 1,000,000 1,000,000 1,000,000
Gross Unrealized Gains 0 0 0
Gross Unrealized Losses (2,000) (7,000) (10,000)
Fair Value 998,000 993,000 990,000
Residential mortgage-backed securities      
Available-for-sale securities      
Amortized Cost 4,618,492,000 4,106,641,000 4,320,215,000
Gross Unrealized Gains 3,960,000 284,000 361,000
Gross Unrealized Losses (478,768,000) (553,287,000) (541,742,000)
Fair Value 4,143,684,000 3,553,638,000 3,778,834,000
Held-to-maturity securities      
Amortized Cost 2,775,981,000 2,864,927,000 2,962,721,000
Gross Unrealized Gains 1,637,000 0 0
Gross Unrealized Losses (548,063,000) (605,014,000) (591,601,000)
Fair Value 2,229,555,000 2,259,913,000 2,371,120,000
Commercial (multi-family) mortgage-backed securities      
Available-for-sale securities      
Amortized Cost 130,464,000 19,064,000 18,096,000
Gross Unrealized Gains 115,000 23,000 8,000
Gross Unrealized Losses (3,634,000) (755,000) (626,000)
Fair Value 126,945,000 18,332,000 17,478,000
Held-to-maturity securities      
Amortized Cost 6,333,000 6,364,000 6,390,000
Gross Unrealized Gains 51,000 0 0
Gross Unrealized Losses (113,000) (252,000) (300,000)
Fair Value 6,271,000 6,112,000 6,090,000
Collateralized mortgage obligations      
Available-for-sale securities      
Amortized Cost 311,497,000 238,574,000 179,315,000
Gross Unrealized Gains 1,863,000 1,187,000 629,000
Gross Unrealized Losses (17,559,000) (18,856,000) (18,786,000)
Fair Value 295,801,000 220,905,000 161,158,000
Held-to-maturity securities      
Amortized Cost 196,446,000 211,023,000 227,247,000
Gross Unrealized Gains 982,000 815,000 362,000
Gross Unrealized Losses (18,933,000) (22,683,000) (23,636,000)
Fair Value 178,495,000 189,155,000 203,973,000
Mortgage-backed securities, subprime      
Available-for-sale securities      
Fair Value $ 0 $ 0 $ 0