Securities (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Securities Available for Sale |
This table provides detailed information about securities available for sale at June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
U.S. Treasury |
|
$ |
2,212,279 |
|
|
$ |
1,966 |
|
|
$ |
(9,328 |
) |
|
$ |
2,204,917 |
|
U.S. Agencies |
|
|
48,776 |
|
|
|
66 |
|
|
|
(57 |
) |
|
|
48,785 |
|
Mortgage-backed |
|
|
8,582,743 |
|
|
|
22,107 |
|
|
|
(381,235 |
) |
|
|
8,223,615 |
|
State and political subdivisions |
|
|
2,419,723 |
|
|
|
18,092 |
|
|
|
(65,318 |
) |
|
|
2,372,497 |
|
Corporates |
|
|
88,922 |
|
|
|
250 |
|
|
|
(1,863 |
) |
|
|
87,309 |
|
Collateralized loan obligations |
|
|
550,875 |
|
|
|
309 |
|
|
|
(148 |
) |
|
|
551,036 |
|
Total |
|
$ |
13,903,318 |
|
|
$ |
42,790 |
|
|
$ |
(457,949 |
) |
|
$ |
13,488,159 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
U.S. Treasury |
|
$ |
2,301,248 |
|
|
$ |
20,008 |
|
|
$ |
(441 |
) |
|
$ |
2,320,815 |
|
U.S. Agencies |
|
|
62,069 |
|
|
|
401 |
|
|
|
(100 |
) |
|
|
62,370 |
|
Mortgage-backed |
|
|
8,427,197 |
|
|
|
71,827 |
|
|
|
(331,151 |
) |
|
|
8,167,873 |
|
State and political subdivisions |
|
|
2,494,537 |
|
|
|
24,898 |
|
|
|
(72,847 |
) |
|
|
2,446,588 |
|
Corporates |
|
|
180,854 |
|
|
|
349 |
|
|
|
(4,088 |
) |
|
|
177,115 |
|
Collateralized loan obligations |
|
|
533,995 |
|
|
|
504 |
|
|
|
(119 |
) |
|
|
534,380 |
|
Total |
|
$ |
13,999,900 |
|
|
$ |
117,987 |
|
|
$ |
(408,746 |
) |
|
$ |
13,709,141 |
|
|
| Schedule of Sales of Securities Available for Sale |
The following table presents the sales of securities available for sale for the three and six months ended June 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Proceeds from sales |
|
$ |
5,375 |
|
|
$ |
4,931 |
|
|
$ |
57,146 |
|
|
$ |
616,354 |
|
Gross realized gains |
|
|
26 |
|
|
|
33 |
|
|
|
429 |
|
|
|
423 |
|
Gross realized losses |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
| Gross Unrealized Losses and Fair Value of Investment Securities Available for Sale |
The following table shows the Company’s available-for-sale investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
June 30, 2026 |
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
Description of Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury |
|
|
201 |
|
|
$ |
1,508,078 |
|
|
$ |
(9,256 |
) |
|
|
1 |
|
|
$ |
14,925 |
|
|
$ |
(72 |
) |
|
|
202 |
|
|
$ |
1,523,003 |
|
|
$ |
(9,328 |
) |
U.S. Agencies |
|
|
1 |
|
|
|
6,663 |
|
|
|
(57 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
6,663 |
|
|
|
(57 |
) |
Mortgage-backed |
|
|
384 |
|
|
|
3,684,127 |
|
|
|
(45,541 |
) |
|
|
795 |
|
|
|
2,591,410 |
|
|
|
(335,694 |
) |
|
|
1,179 |
|
|
|
6,275,537 |
|
|
|
(381,235 |
) |
State and political subdivisions |
|
|
349 |
|
|
|
398,225 |
|
|
|
(3,488 |
) |
|
|
805 |
|
|
|
800,287 |
|
|
|
(61,830 |
) |
|
|
1,154 |
|
|
|
1,198,512 |
|
|
|
(65,318 |
) |
Corporates |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
46 |
|
|
|
70,302 |
|
|
|
(1,863 |
) |
|
|
46 |
|
|
|
70,302 |
|
|
|
(1,863 |
) |
Collateralized loan obligations |
|
|
20 |
|
|
|
189,707 |
|
|
|
(148 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
20 |
|
|
|
189,707 |
|
|
|
(148 |
) |
Total |
|
|
955 |
|
|
$ |
5,786,800 |
|
|
$ |
(58,490 |
) |
|
|
1,647 |
|
|
$ |
3,476,924 |
|
|
$ |
(399,459 |
) |
|
|
2,602 |
|
|
$ |
9,263,724 |
|
|
$ |
(457,949 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
December 31, 2025 |
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
Description of Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury |
|
|
8 |
|
|
$ |
72,013 |
|
|
$ |
(88 |
) |
|
|
2 |
|
|
$ |
30,234 |
|
|
$ |
(353 |
) |
|
|
10 |
|
|
$ |
102,247 |
|
|
$ |
(441 |
) |
U.S. Agencies |
|
|
1 |
|
|
|
7,855 |
|
|
|
(100 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
7,855 |
|
|
|
(100 |
) |
Mortgage-backed |
|
|
82 |
|
|
|
757,160 |
|
|
|
(5,682 |
) |
|
|
817 |
|
|
|
2,871,729 |
|
|
|
(325,469 |
) |
|
|
899 |
|
|
|
3,628,889 |
|
|
|
(331,151 |
) |
State and political subdivisions |
|
|
152 |
|
|
|
515,364 |
|
|
|
(11,181 |
) |
|
|
1,142 |
|
|
|
809,113 |
|
|
|
(61,666 |
) |
|
|
1,294 |
|
|
|
1,324,477 |
|
|
|
(72,847 |
) |
Corporates |
|
|
1 |
|
|
|
2,990 |
|
|
|
(10 |
) |
|
|
134 |
|
|
|
164,108 |
|
|
|
(4,078 |
) |
|
|
135 |
|
|
|
167,098 |
|
|
|
(4,088 |
) |
Collateralized loan obligations |
|
|
20 |
|
|
|
164,531 |
|
|
|
(112 |
) |
|
|
1 |
|
|
|
2,999 |
|
|
|
(7 |
) |
|
|
21 |
|
|
|
167,530 |
|
|
|
(119 |
) |
Total |
|
|
264 |
|
|
$ |
1,519,913 |
|
|
$ |
(17,173 |
) |
|
|
2,096 |
|
|
$ |
3,878,183 |
|
|
$ |
(391,573 |
) |
|
|
2,360 |
|
|
$ |
5,398,096 |
|
|
$ |
(408,746 |
) |
|
| Gross Unrealized Losses and Fair Value of Investment Securities Held to Maturity |
The following table shows the Company’s held-to-maturity investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2026 and December 31, 2025, respectively (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
June 30, 2026 |
|
Count |
|
|
Fair Value |
|
|
Unrealized Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized Losses |
|
U.S. Treasury |
|
|
7 |
|
|
$ |
37,705 |
|
|
$ |
(555 |
) |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
7 |
|
|
$ |
37,705 |
|
|
$ |
(555 |
) |
Mortgage-backed |
|
|
17 |
|
|
|
195,205 |
|
|
|
(3,487 |
) |
|
|
262 |
|
|
|
1,890,512 |
|
|
|
(315,967 |
) |
|
|
279 |
|
|
|
2,085,717 |
|
|
|
(319,454 |
) |
State and political subdivisions |
|
|
180 |
|
|
|
828,018 |
|
|
|
(42,832 |
) |
|
|
1,341 |
|
|
|
1,387,515 |
|
|
|
(137,922 |
) |
|
|
1,521 |
|
|
|
2,215,533 |
|
|
|
(180,754 |
) |
Total |
|
|
204 |
|
|
$ |
1,060,928 |
|
|
$ |
(46,874 |
) |
|
|
1,603 |
|
|
$ |
3,278,027 |
|
|
$ |
(453,889 |
) |
|
|
1,807 |
|
|
$ |
4,338,955 |
|
|
$ |
(500,763 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less than 12 months |
|
|
12 months or more |
|
|
Total |
|
December 31, 2025 |
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
|
Count |
|
|
Fair Value |
|
|
Unrealized
Losses |
|
U.S. Treasury |
|
|
3 |
|
|
$ |
15,913 |
|
|
$ |
(37 |
) |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
3 |
|
|
$ |
15,913 |
|
|
$ |
(37 |
) |
Mortgage-backed |
|
|
10 |
|
|
|
147,066 |
|
|
|
(918 |
) |
|
|
262 |
|
|
|
1,998,984 |
|
|
|
(304,122 |
) |
|
|
272 |
|
|
|
2,146,050 |
|
|
|
(305,040 |
) |
State and political subdivisions |
|
|
146 |
|
|
|
687,180 |
|
|
|
(41,122 |
) |
|
|
1,354 |
|
|
|
1,480,709 |
|
|
|
(154,638 |
) |
|
|
1,500 |
|
|
|
2,167,889 |
|
|
|
(195,760 |
) |
Total |
|
|
159 |
|
|
$ |
850,159 |
|
|
$ |
(42,077 |
) |
|
|
1,616 |
|
|
$ |
3,479,693 |
|
|
$ |
(458,760 |
) |
|
|
1,775 |
|
|
$ |
4,329,852 |
|
|
$ |
(500,837 |
) |
|
| Schedule of Amortized Cost Basis by Credit Rating of Held to Maturity Investment |
The following tables show the amortized cost basis by credit rating of the Company’s held-to-maturity State and political subdivisions bond investments at June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost Basis by Credit Rating - HTM Debt Securities |
|
June 30, 2026 |
|
AAA |
|
|
AA |
|
|
A |
|
|
BBB |
|
|
BB |
|
|
B |
|
|
CCC-C |
|
|
Total |
|
State and political subdivisions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Competitive |
|
$ |
47,599 |
|
|
$ |
50,866 |
|
|
$ |
346,707 |
|
|
$ |
820,929 |
|
|
$ |
30,143 |
|
|
$ |
28,447 |
|
|
$ |
13,458 |
|
|
$ |
1,338,149 |
|
Utilities |
|
|
836,298 |
|
|
|
959,900 |
|
|
|
122,087 |
|
|
|
13,983 |
|
|
|
1,764 |
|
|
|
— |
|
|
|
— |
|
|
|
1,934,032 |
|
Total state and political subdivisions |
|
$ |
883,897 |
|
|
$ |
1,010,766 |
|
|
$ |
468,794 |
|
|
$ |
834,912 |
|
|
$ |
31,907 |
|
|
$ |
28,447 |
|
|
$ |
13,458 |
|
|
$ |
3,272,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized Cost Basis by Credit Rating - HTM Debt Securities |
|
December 31, 2025 |
|
AAA |
|
|
AA |
|
|
A |
|
|
BBB |
|
|
BB |
|
|
B |
|
|
CCC-C |
|
|
Total |
|
State and political subdivisions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Competitive |
|
$ |
46,933 |
|
|
$ |
51,390 |
|
|
$ |
379,973 |
|
|
$ |
812,061 |
|
|
$ |
34,105 |
|
|
$ |
23,326 |
|
|
$ |
14,424 |
|
|
$ |
1,362,212 |
|
Utilities |
|
|
899,088 |
|
|
|
777,880 |
|
|
|
114,845 |
|
|
|
15,824 |
|
|
|
2,458 |
|
|
|
— |
|
|
|
— |
|
|
|
1,810,095 |
|
Total state and political subdivisions |
|
$ |
946,021 |
|
|
$ |
829,270 |
|
|
$ |
494,818 |
|
|
$ |
827,885 |
|
|
$ |
36,563 |
|
|
$ |
23,326 |
|
|
$ |
14,424 |
|
|
$ |
3,172,307 |
|
|
| Schedule of Aging of Past due Held to Maturity Securities |
The following table presents the aging of past due held-to-maturity securities at June 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
30-89
Days Past
Due and
Accruing |
|
|
Greater than
90 Days Past
Due and
Accruing |
|
|
Non-
Accrual |
|
|
Total
Past Due |
|
|
Current |
|
|
Total |
|
State and political subdivisions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Competitive |
|
$ |
8,276 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,276 |
|
|
$ |
1,329,873 |
|
|
$ |
1,338,149 |
|
Utilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,934,032 |
|
|
|
1,934,032 |
|
Total state and political subdivisions |
|
$ |
8,276 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,276 |
|
|
$ |
3,263,905 |
|
|
$ |
3,272,181 |
|
|
| Schedule of Changes in Equity Securities Without Readily Determinable Fair Values |
The table below presents the changes in equity securities without readily determinable fair values for the three and six months ended June 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Beginning balance |
|
$ |
535,326 |
|
|
$ |
539,930 |
|
|
$ |
524,112 |
|
|
$ |
416,750 |
|
Acquisition of HTLF |
|
|
— |
|
|
|
1,117 |
|
|
|
— |
|
|
|
122,886 |
|
Purchases of securities |
|
|
16,322 |
|
|
|
24,827 |
|
|
|
49,986 |
|
|
|
48,830 |
|
Observable upward price adjustments |
|
|
30,902 |
|
|
|
9,411 |
|
|
|
34,470 |
|
|
|
10,433 |
|
Observable downward price adjustments |
|
|
(4,088 |
) |
|
|
(2,302 |
) |
|
|
(4,724 |
) |
|
|
(8,575 |
) |
Sales of securities and other activity |
|
|
(35,237 |
) |
|
|
(39,234 |
) |
|
|
(60,619 |
) |
|
|
(56,575 |
) |
Ending balance |
|
$ |
543,225 |
|
|
$ |
533,749 |
|
|
$ |
543,225 |
|
|
$ |
533,749 |
|
|
| Schedule of Other Securities |
The table below provides detailed information for Other securities at June 30, 2026 and December 31, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
FRB and FHLB stock |
|
$ |
137,667 |
|
|
$ |
137,498 |
|
Equity securities with readily determinable fair values |
|
|
12,610 |
|
|
|
14,690 |
|
Equity securities without readily determinable fair values |
|
|
543,225 |
|
|
|
524,112 |
|
Total |
|
$ |
693,502 |
|
|
$ |
676,300 |
|
|
| Schedule of Components of Investment Securities Gains, Net |
The following table presents the components of Investment securities gains, net for the three and six months ended June 30, 2026 and June 30, 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Investment securities gains, net |
|
|
|
|
|
|
|
|
|
|
|
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Gains realized on sales |
|
$ |
26 |
|
|
$ |
33 |
|
|
$ |
429 |
|
|
$ |
423 |
|
Equity securities with readily determinable fair values: |
|
|
|
|
|
|
|
|
|
|
|
|
Fair value adjustments, net |
|
|
62 |
|
|
|
29,472 |
|
|
|
(225 |
) |
|
|
29,616 |
|
Equity securities without readily determinable fair values: |
|
|
|
|
|
|
|
|
|
|
|
|
Fair value adjustments, net |
|
|
8,534 |
|
|
|
(60 |
) |
|
|
8,849 |
|
|
|
(5,303 |
) |
Sales |
|
|
18,465 |
|
|
|
8,240 |
|
|
|
21,080 |
|
|
|
8,167 |
|
Total investment securities gains, net |
|
$ |
27,087 |
|
|
$ |
37,685 |
|
|
$ |
30,133 |
|
|
$ |
32,903 |
|
|
| Available-for-sale Securities [Member] |
|
| Contractual Maturity Information |
The following table presents contractual maturity information for securities available for sale at June 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Amortized |
|
|
Fair |
|
|
|
Cost |
|
|
Value |
|
Due in 1 year or less |
|
$ |
899,563 |
|
|
$ |
899,840 |
|
Due after 1 year through 5 years |
|
|
2,072,561 |
|
|
|
2,056,146 |
|
Due after 5 years through 10 years |
|
|
562,639 |
|
|
|
554,837 |
|
Due after 10 years |
|
|
1,785,812 |
|
|
|
1,753,721 |
|
Total |
|
|
5,320,575 |
|
|
|
5,264,544 |
|
Mortgage-backed securities |
|
|
8,582,743 |
|
|
|
8,223,615 |
|
Total securities available for sale |
|
$ |
13,903,318 |
|
|
$ |
13,488,159 |
|
|
| Held-to-maturity Securities [Member] |
|
| Contractual Maturity Information |
The following table provides detailed information about securities held to maturity at June 30, 2026 and December 31, 2025, respectively (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
|
Allowance for Credit Losses |
|
|
Net Carrying Amount |
|
U.S. Treasury |
|
$ |
38,260 |
|
|
$ |
— |
|
|
$ |
(555 |
) |
|
$ |
37,705 |
|
|
$ |
— |
|
|
$ |
38,260 |
|
Mortgage-backed |
|
|
2,405,985 |
|
|
|
3 |
|
|
|
(319,454 |
) |
|
|
2,086,534 |
|
|
|
— |
|
|
|
2,405,985 |
|
State and political subdivisions |
|
|
3,272,181 |
|
|
|
23,781 |
|
|
|
(180,754 |
) |
|
|
3,115,208 |
|
|
|
(3,996 |
) |
|
|
3,268,185 |
|
Total |
|
$ |
5,716,426 |
|
|
$ |
23,784 |
|
|
$ |
(500,763 |
) |
|
$ |
5,239,447 |
|
|
$ |
(3,996 |
) |
|
$ |
5,712,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
|
Allowance for Credit Losses |
|
|
Net Carrying Amount |
|
U.S. Treasury |
|
$ |
38,253 |
|
|
$ |
27 |
|
|
$ |
(37 |
) |
|
$ |
38,243 |
|
|
$ |
— |
|
|
$ |
38,253 |
|
Mortgage-backed |
|
|
2,513,667 |
|
|
|
335 |
|
|
|
(305,040 |
) |
|
|
2,208,962 |
|
|
|
— |
|
|
|
2,513,667 |
|
State and political subdivisions |
|
|
3,172,307 |
|
|
|
26,713 |
|
|
|
(195,760 |
) |
|
|
3,003,260 |
|
|
|
(1,684 |
) |
|
|
3,170,623 |
|
Total |
|
$ |
5,724,227 |
|
|
$ |
27,075 |
|
|
$ |
(500,837 |
) |
|
$ |
5,250,465 |
|
|
$ |
(1,684 |
) |
|
$ |
5,722,543 |
|
The following table presents contractual maturity information for securities held to maturity at June 30, 2026 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Amortized |
|
|
Fair |
|
|
|
Cost |
|
|
Value |
|
Due in 1 year or less |
|
$ |
89,562 |
|
|
$ |
89,149 |
|
Due after 1 year through 5 years |
|
|
556,314 |
|
|
|
548,106 |
|
Due after 5 years through 10 years |
|
|
797,227 |
|
|
|
767,036 |
|
Due after 10 years |
|
|
1,867,338 |
|
|
|
1,748,622 |
|
Total |
|
|
3,310,441 |
|
|
|
3,152,913 |
|
Mortgage-backed securities |
|
|
2,405,985 |
|
|
|
2,086,534 |
|
Total securities held to maturity |
|
$ |
5,716,426 |
|
|
$ |
5,239,447 |
|
|