v3.26.3
Commitments, Off-Balance Sheet Arrangements, Legal Proceedings and Regulatory Matters (Tables)
9 Months Ended
Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of lending-related and other commitments The following is a summary of lending-related commitments:
(in thousands)Sep 30, 2026Dec 31, 2025
Commitments to extend credit(a), excluding commitments to originate residential mortgage loans held for sale(b)
$13,640,398 $11,872,816 
Commercial letters of credit(a)
430 425 
Standby letters of credit(c)
255,660 222,047 
(a) These off-balance sheet financial instruments are exercisable at the market rate prevailing at the date the underlying transaction will be completed and, thus, are deemed to have no current fair value, or the fair value is based on fees currently charged to enter into similar agreements and was not material at September 30, 2026 or December 31, 2025.
(b) Interest rate lock commitments to originate residential mortgage loans held for sale are considered derivative instruments and are disclosed in Note 10.
(c) Standby letters of credit are presented excluding participations. The Corporation has established a liability of $2.4 million at September 30, 2026 and $2.2 million at December 31, 2025, as an estimate of the fair value of these financial instruments.
Schedule Of Unfunded Commitments [Table Text Block]
The following table presents a summary of the changes in the allowance for unfunded commitments:
(in thousands)Nine Months Ended Sep 30, 2026Year Ended Dec 31, 2025
Allowance for unfunded commitments
Balance at beginning of period$41,276 $38,776 
Initial allowance for PCD unfunded commitments3,597 — 
Initial allowance for purchased seasoned unfunded commitments1,871 — 
Provision for unfunded commitments3,000 2,500 
Balance at end of period$49,744 $41,276 
Schedule of income tax credits from qualified affordable housing projects The following table summarizes income tax credits, other income tax benefits, and investment amortization generated from the Corporation's investments in these projects, which are recognized as a component within income tax expense on the consolidated statements of income and included in the change in net income tax position and amortization of tax credit investments on the consolidated statements of cash flows:
Three Months Ended Sep 30,Nine Months Ended Sep 30,
(in thousands)2026202520262025
Income tax credits and other income tax benefits recognized$9,046 $9,468 $28,589 $29,698 
Amortization expense8,476 9,249 25,623 26,307