v3.26.1
Note 14 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

June 30, 2026

     
  

Fair Value Measurements Using

  

Total Fair Value

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

 
  

($ In thousands)

 

Assets

                

Securities AFS

                

U.S. Treasury securities

 $936,464  $  $  $936,464 

U.S. government agency entities

     1,045      1,045 

Mortgage-backed securities

     670,853      670,853 

Collateralized mortgage obligations

     4,624      4,624 

Corporate debt securities

     69,834      69,834 

Total securities AFS

  936,464   746,356      1,682,820 
                 

Equity securities

                

Mutual funds

  8,601         8,601 

Preferred stock of government sponsored entities

  6,472         6,472 

Other equity securities

  11,409         11,409 

Total equity securities

  26,482         26,482 
                 

Interest rate swaps

     20,814      20,814 

Foreign exchange contracts

     459      459 

Total assets

 $962,946  $767,629  $  $1,730,575 
                 

Liabilities

                

Interest rate swaps

 $  $18,873  $  $18,873 

Foreign exchange contracts

     190      190 

Total liabilities

 $  $19,063  $  $19,063 
  

December 31, 2025

     
  

Fair Value Measurements Using

  

Total Fair Value

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

 
  

($ In thousands)

 

Assets

                

Securities AFS

                

U.S. Treasury securities

 $828,193  $  $  $828,193 

U.S. government agency entities

     5,822      5,822 

U.S. government sponsored entities

     25,011      25,011 

Mortgage-backed securities

     629,437      629,437 

Collateralized mortgage obligations

     22,748      22,748 

Corporate debt securities

     147,012      147,012 

Total securities AFS

  828,193   830,030      1,658,223 
                 

Equity securities

                

Mutual funds

  8,691         8,691 

Preferred stock of government sponsored entities

  9,364         9,364 

Other equity securities

  14,699         14,699 

Total equity securities

  32,754         32,754 
                 

Interest rate swaps

     26,472      26,472 

Foreign exchange contracts

     211      211 

Total assets

 $860,947  $856,713  $  $1,717,660 
                 

Liabilities

                

Interest rate swaps

 $  $28,917  $  $28,917 

Foreign exchange contracts

     73      73 

Total liabilities

 $  $28,990  $  $28,990 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

As of June 30, 2026

  

Total Losses

 
  

Fair Value Measurements Using

  

Total Fair Value

  

For the Three Months Ended

  

For the Six Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 
  

($ In thousands)

 

Assets

                                

Non-accrual loans by type:

                                

Commercial loans

 $  $  $24  $24  $  $  $  $8,652 

Commercial real estate loans

        17,235   17,235         971   3,839 

Residential mortgage loans and equity lines

        205   205             

Total non-accrual loans

        17,464   17,464         971   12,491 

Other real estate owned (1)

        35,741   35,741             

Other equity securities

        1,539   1,539             

Investments in venture capital

        84   84             

Total assets

 $  $  $54,828  $54,828  $  $  $971  $12,491 
                                 

(1) Other real estate owned balance of $33.4 million in the Consolidated Balance Sheets is net of estimated disposal costs.

 
  

As of December 31, 2025

  

Total Losses

 
  

Fair Value Measurements Using

  

Total Fair Value

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

  

December 31, 2025

  

December 31, 2024

 
  

($ In thousands)

 

Assets

                        

Non-accrual loans by type:

                        

Commercial loans

 $  $  $1,030  $1,030  $6,395  $5,654 

Commercial real estate loans

        28,356   28,356   4,562   4,049 

Residential mortgage loans and equity lines

        217   217      59 

Total non-accrual loans

        29,603   29,603   10,957   9,762 

Other real estate owned (1)

        32,356   32,356       

Other equity securities

        1,539   1,539       

Investments in venture capital

        84   84   2   147 

Total assets

 $  $  $63,582  $63,582  $10,959  $9,909 
                         

(1) Other real estate owned balance of $30.3 million in the Consolidated Balance Sheets is net of estimated disposal costs.

 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

June 30, 2026

  

December 31, 2025

 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 
  

($ In thousands)

 

Financial Assets

                

Cash and due from banks

 $163,976  $163,976  $146,320  $146,320 

Short-term investments

  1,163,120   1,163,120   1,278,089   1,278,089 

Securities AFS

  1,682,820   1,682,820   1,658,223   1,658,223 

Loans held for investment, net

  20,387,830   20,647,585   19,936,388   20,516,176 

Equity securities

  80,854   80,854   51,886   51,886 

Investment in Federal Home Loan Bank stock

  17,250   17,250   17,250   17,250 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $196,989  $459  $176,037  $211 

Interest rate swaps

  1,331,033   20,814   1,113,823   26,472 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Financial Liabilities

                

Deposits

 $21,061,648  $21,029,316  $20,894,167  $20,884,386 

Long-term debt

  119,136   83,157   119,136   79,818 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $15,818  $190  $37,991  $73 

Interest rate swaps

  1,646,545   18,873   1,590,384   28,917 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Off-Balance Sheet Financial Instruments

                

Commitments to extend credit

 $4,115,612  $(23,080) $3,809,999  $(21,357)

Standby letters of credit

  451,689   (2,441)  536,745   (2,971)

Other letters of credit

  16,527   (14)  4,442   (5)
Schedule Of Fair Value Of Financial Instruments [Table Text Block]
  

As of June 30, 2026

 
  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 
  

($ In thousands)

 

Financial Assets

                

Cash and due from banks

 $163,976  $163,976  $  $ 

Short-term investments

  1,163,120   1,163,120       

Loans held for investment, net

  20,647,585         20,647,585 

Equity securities

  1,539         1,539 

Investment in Federal Home Loan Bank stock

  17,250      17,250    

Financial Liabilities

                

Deposits

  21,029,316         21,029,316 

Long-term debt

  83,157      83,157    
  

As of December 31, 2025

 
  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 
  

($ In thousands)

 

Financial Assets

                

Cash and due from banks

 $146,320  $146,320  $  $ 

Short-term investments

  1,278,089   1,278,089       

Loans held for investment, net

  20,516,176         20,516,176 

Equity securities

  1,539         1,539 

Investment in Federal Home Loan Bank stock

  17,250      17,250    

Financial Liabilities

                

Deposits

  20,884,386         20,884,386 

Long-term debt

  79,818      79,818