| Balances of Commitments and Contingencies |
The following table presents the balances of commitments and contingencies as of the periods ended (dollars in thousands): | | | | | | | | | March 31, 2026 | | December 31, 2025 | Commitments with off-balance sheet risk: | | | | | | | Commitments to extend credit (1) | | $ | 9,718,396 | | $ | 9,733,175 | Letters of credit | | | 217,259 | | | 224,068 | Total commitments with off-balance sheet risk | | $ | 9,935,655 | | $ | 9,957,243 |
(1) Includes unfunded overdraft protection.
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| Schedule of Pledged Assets, Not Separately Reported on Statement of Financial Position |
| | | | | | | | | | | | | | | | | | Pledged Assets as of March 31, 2026 | | | | | | | | | AFS | | HTM | | | | | | | | | Cash | | Securities (1) | | Securities (1) | | Loans | | Total | Public deposits | | $ | — | | $ | 1,270,127 | | $ | 573,869 | | $ | — | | $ | 1,843,996 | Repurchase agreements | | | — | | | 195,429 | | | — | | | — | | | 195,429 | FHLB advances (2) | | | — | | | 497,702 | | | 9,389 | | | 8,988,127 | | | 9,495,218 | Derivatives | | | 133,861 | | | 64,182 | | | — | | | — | | | 198,043 | Federal Reserve Discount Window (3) | | | — | | | — | | | — | | | 3,169,319 | | | 3,169,319 | Other purposes | | | — | | | 79,123 | | | — | | | — | | | 79,123 | Total pledged assets | | $ | 133,861 | | $ | 2,106,563 | | $ | 583,258 | | $ | 12,157,446 | | $ | 14,981,128 |
(1) Balance represents market value. (2) The loan balance pledged to FHLB represents unpaid principal balance. (3) The loan balance pledged to Federal Reserve Discount Window represents unpaid principal balance. | | | | | | | | | | | | | | | | | | Pledged Assets as of December 31, 2025 | | | | | | | | | AFS | | HTM | | | | | | | | | Cash | | Securities (1) | | Securities (1) | | Loans | | Total | Public deposits | | $ | — | | $ | 1,249,969 | | $ | 607,061 | | $ | — | | $ | 1,857,030 | Repurchase agreements | | | — | | | 203,404 | | | — | | | — | | | 203,404 | FHLB advances (2) | | | — | | | 518,895 | | | 9,486 | | | 8,832,269 | | | 9,360,650 | Derivatives | | | 120,697 | | | 64,037 | | | — | | | — | | | 184,734 | Federal Reserve Discount Window (3) | | | — | | | — | | | — | | | 3,363,761 | | | 3,363,761 | Other purposes | | | — | | | 63,924 | | | — | | | — | | | 63,924 | Total pledged assets | | $ | 120,697 | | $ | 2,100,229 | | $ | 616,547 | | $ | 12,196,030 | | $ | 15,033,503 |
(1) Balance represents market value. (2) The loan balance pledged to FHLB represents unpaid principal balance. (3) The loan balance pledged to Federal Reserve Discount Window represents unpaid principal balance.
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