v3.26.1
Fair Value Of Financial Instruments
 6 Months Ended
Jun. 30, 2026
Fair Value Of Financial Instruments [Abstract]  
Fair Value of Financial Instruments Fair Value of Financial Instruments
The carrying amounts and estimated fair values of financial instruments held by the Company are set forth below. Fair value estimates are made at a specific point in time based on relevant market information. They do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for many of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, risk characteristics and economic conditions. These estimates are subjective, involve uncertainties, and cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The estimated fair values of the Company’s financial instruments and the classification of their fair value measurement within the valuation hierarchy are as follows at June 30, 2026 and December 31, 2025:

Carrying Amount
Estimated Fair Value at June 30, 2026

(In thousands)

Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$7,115,984 $— $— $7,013,375 $7,013,375 
Real estate - construction and land
1,493,455 — — 1,465,846 1,465,846 
Real estate - business
4,064,253 — — 3,985,828 3,985,828 
Real estate - personal
4,369,077 — — 4,086,228 4,086,228 
Consumer
2,527,448 — — 2,505,133 2,505,133 
Revolving home equity649,332 — — 634,254 634,254 
Consumer credit card561,277 — — 508,391 508,391 
Overdrafts
52,655 — — 52,524 52,524 
Total loans20,833,481 — — 20,251,579 20,251,579 
Loans held for sale3,799 — 3,799 — 3,799 
Investment securities8,656,217 3,528,342 4,884,173 243,702 8,656,217 
Federal funds sold2,010 2,010 — — 2,010 
Securities purchased under agreements to resell1,150,000 — — 1,149,880 1,149,880 
Interest earning deposits with banks2,260,162 2,260,162 — — 2,260,162 
Cash and due from banks645,674 645,674 — — 645,674 
Derivative instruments44,154 — 43,978 176 44,154 
Assets held in trust for deferred compensation plan24,569 24,569 — — 24,569 
       Total$33,620,066 $6,460,757 $4,931,950 $21,645,337 $33,038,044 
Financial Liabilities
Non-interest bearing deposits$8,172,552 $8,172,552 $— $— $8,172,552 
Savings, interest checking and money market deposits17,320,654 17,320,654 — — 17,320,654 
Certificates of deposit2,382,496 — — 2,407,213 2,407,213 
Federal funds purchased121,820 121,820 — — 121,820 
Securities sold under agreements to repurchase2,306,471 — — 2,308,593 2,308,593 
Other borrowings26,183 20,756 5,427 — 26,183 
Derivative instruments16,722 — 16,692 30 16,722 
Liabilities held in trust for deferred compensation plan24,569 24,569 — — 24,569 
       Total$30,371,467 $25,660,351 $22,119 $4,715,836 $30,398,306 
Carrying Amount
Estimated Fair Value at December 31, 2025

(In thousands)
Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$6,439,380 $— $— $6,367,754 $6,367,754 
Real estate - construction and land
1,438,012 — — 1,415,490 1,415,490 
Real estate - business
3,674,567 — — 3,628,499 3,628,499 
Real estate - personal
3,053,435 — — 2,815,384 2,815,384 
Consumer
2,196,822 — — 2,188,772 2,188,772 
Revolving home equity375,159 — — 371,998 371,998 
Consumer credit card589,694 — — 535,660 535,660 
Overdrafts
4,194 — — 4,045 4,045 
Total loans17,771,263 — — 17,327,602 17,327,602 
Loans held for sale4,329 — 4,329 — 4,329 
Investment securities9,413,603 3,339,866 5,842,326 231,411 9,413,603 
Securities purchased under agreements to resell850,000 — — 869,427 869,427 
Interest earning deposits with banks2,744,393 2,744,393 — — 2,744,393 
Cash and due from banks803,239 803,239 — — 803,239 
Derivative instruments51,421 — 51,232 189 51,421 
Assets held in trust for deferred compensation plan23,276 23,276 — — 23,276 
       Total$31,661,524 $6,910,774 $5,897,887 $18,428,629 $31,237,290 
Financial Liabilities
Non-interest bearing deposits$8,205,711 $8,205,711 $— $— $8,205,711 
Savings, interest checking and money market deposits15,047,406 15,047,406 — — 15,047,406 
Certificates of deposit2,386,459 — — 2,418,268 2,418,268 
Federal funds purchased128,625 128,625 — — 128,625 
Securities sold under agreements to repurchase2,861,016 — — 2,863,921 2,863,921 
Other borrowings12,739 12,739 — — 12,739 
Derivative instruments18,795 — 18,718 77 18,795 
Liabilities held in trust for deferred compensation plan23,276 23,276 — — 23,276 
       Total$28,684,027 $23,417,757 $18,718 $5,282,266 $28,718,741