v3.26.1
Investment Securities - HTM Debt Securities, Amortized Cost​ (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
HTM Securities    
Allowance for credit loss $ 229,632 $ 216,936
Credit Loss Allowance (46,910) (37,369)
Net Carrying Amount 182,722 179,567
Gross Unrealized Holding Gains 1,398 1,253
Gross Unrealized Holding Losses (40,989) (34,378)
Fair Value 143,131 146,442
Activity in credit loss allowance for HTM debt securities    
Credit loss allowance at beginning 37,369  
Credit loss (reversal) provision, net 9,541  
Credit loss allowance at ending 46,910  
HTM preferred equity interests    
Less than one year 56,160  
One to three years 20,944  
Three to five years 85,691  
Thereafter 19,927  
Total 182,722  
CMBS    
HTM Securities    
Allowance for credit loss 90,130 92,629
Credit Loss Allowance (7) (13)
Net Carrying Amount 90,123 92,616
Gross Unrealized Holding Gains 492 603
Gross Unrealized Holding Losses (10,959) (11,436)
Fair Value 79,656 81,783
Activity in credit loss allowance for HTM debt securities    
Credit loss allowance at beginning 13  
Credit loss (reversal) provision, net (6)  
Credit loss allowance at ending 7  
HTM preferred equity interests    
Less than one year 25,453  
One to three years 0  
Three to five years 64,670  
Thereafter 0  
Total 90,123  
Preferred interests    
HTM Securities    
Allowance for credit loss 99,041 82,844
Credit Loss Allowance (36,743) (27,166)
Net Carrying Amount 62,298 55,678
Gross Unrealized Holding Gains 0 0
Gross Unrealized Holding Losses (30,030) (22,942)
Fair Value 32,268 32,736
Activity in credit loss allowance for HTM debt securities    
Credit loss allowance at beginning 27,166  
Credit loss (reversal) provision, net 9,577  
Credit loss allowance at ending 36,743  
HTM preferred equity interests    
Less than one year 30,707  
One to three years 15,513  
Three to five years 16,078  
Thereafter 0  
Total 62,298  
Infrastructure bonds    
HTM Securities    
Allowance for credit loss 40,461 41,463
Credit Loss Allowance (10,160) (10,190)
Net Carrying Amount 30,301 31,273
Gross Unrealized Holding Gains 906 650
Gross Unrealized Holding Losses 0 0
Fair Value 31,207 $ 31,923
Activity in credit loss allowance for HTM debt securities    
Credit loss allowance at beginning 10,190  
Credit loss (reversal) provision, net (30)  
Credit loss allowance at ending 10,160  
HTM preferred equity interests    
Less than one year 0  
One to three years 5,431  
Three to five years 4,943  
Thereafter 19,927  
Total $ 30,301