| Balances of Commitments and Contingencies |
The following table presents the balances of commitments and contingencies as of the periods ended (dollars in thousands): | | | | | | | | | June 30, 2026 | | December 31, 2025 | Commitments with off-balance sheet risk: | | | | | | | Commitments to extend credit (1) | | $ | 9,965,594 | | $ | 9,733,175 | Letters of credit | | | 194,996 | | | 224,068 | Total commitments with off-balance sheet risk | | $ | 10,160,590 | | $ | 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 June 30, 2026 | | | | | | | | | AFS | | HTM | | | | | | | | | Cash | | Securities (1) | | Securities (1) | | Loans | | Total | Public deposits | | $ | — | | $ | 1,240,053 | | $ | 576,065 | | $ | — | | $ | 1,816,118 | Repurchase agreements | | | — | | | 211,584 | | | — | | | — | | | 211,584 | FHLB advances (2) | | | — | | | 479,753 | | | 9,300 | | | 8,816,031 | | | 9,305,084 | Derivatives | | | 140,400 | | | 64,405 | | | — | | | — | | | 204,805 | Federal Reserve Discount Window (3) | | | — | | | — | | | — | | | 2,184,423 | | | 2,184,423 | Other purposes | | | — | | | 86,570 | | | — | | | — | | | 86,570 | Total pledged assets | | $ | 140,400 | | $ | 2,082,365 | | $ | 585,365 | | $ | 11,000,454 | | $ | 13,808,584 |
(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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