| Schedule of recorded amount of assets and liabilities measured at fair value on a recurring basis |
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
|
Fair Value |
|
|
Quoted Prices In Active Markets for Identical Assets (Level 1) |
|
|
Significant Other Observable Inputs (Level 2) |
|
|
Significant Unobservable Inputs (Level 3) |
|
|
September 30,2026: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
$ |
119,731 |
|
|
$ |
— |
|
|
$ |
119,731 |
|
|
$ |
— |
|
|
Mortgage loans held for sale |
|
|
49,313 |
|
|
|
— |
|
|
|
49,313 |
|
|
|
— |
|
|
Trading securities |
|
|
141,534 |
|
|
|
— |
|
|
|
141,534 |
|
|
|
— |
|
|
Securities available for sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage-backed securities issued by U.S. government |
|
|
|
|
|
|
|
|
|
|
|
|
|
agencies or sponsored enterprises |
|
|
1,836,004 |
|
|
|
— |
|
|
|
1,836,004 |
|
|
|
— |
|
|
Residential collateralized mortgage-obligations issued by U.S. government |
|
|
|
|
|
|
|
|
|
|
|
|
|
agencies or sponsored enterprises |
|
|
1,958,644 |
|
|
|
— |
|
|
|
1,958,644 |
|
|
|
— |
|
|
Commercial mortgage-backed securities issued by U.S. government |
|
|
|
|
|
|
|
|
|
|
|
|
|
agencies or sponsored enterprises |
|
|
1,028,519 |
|
|
|
— |
|
|
|
1,028,519 |
|
|
|
— |
|
|
State and municipal obligations |
|
|
1,035,036 |
|
|
|
— |
|
|
|
1,035,036 |
|
|
|
— |
|
|
Small Business Administration loan-backed securities |
|
|
513,102 |
|
|
|
— |
|
|
|
513,102 |
|
|
|
— |
|
|
Corporate securities |
|
|
22,004 |
|
|
|
— |
|
|
|
22,004 |
|
|
|
— |
|
|
Total securities available for sale |
|
|
6,393,309 |
|
|
|
— |
|
|
|
6,393,309 |
|
|
|
— |
|
|
Mortgage servicing rights |
|
|
101,990 |
|
|
|
— |
|
|
|
— |
|
|
|
101,990 |
|
|
SBA servicing asset |
|
|
4,748 |
|
|
|
— |
|
|
|
— |
|
|
|
4,748 |
|
|
|
|
$ |
6,810,625 |
|
|
$ |
— |
|
|
$ |
6,703,887 |
|
|
$ |
106,738 |
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
$ |
987,960 |
|
|
$ |
— |
|
|
$ |
987,960 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
$ |
222,886 |
|
|
$ |
— |
|
|
$ |
222,886 |
|
|
$ |
— |
|
|
Mortgage loans held for sale |
|
|
61,400 |
|
|
|
— |
|
|
|
61,400 |
|
|
|
— |
|
|
Trading securities |
|
|
110,183 |
|
|
|
— |
|
|
|
110,183 |
|
|
|
— |
|
|
Securities available for sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential mortgage-backed securities issued by U.S. government |
|
|
|
|
|
|
|
|
|
|
|
|
|
agencies or sponsored enterprises |
|
|
1,698,108 |
|
|
|
— |
|
|
|
1,698,108 |
|
|
|
— |
|
|
Residential collateralized mortgage-obligations issued by U.S. government |
|
|
|
|
|
|
|
|
|
|
|
|
|
agencies or sponsored enterprises |
|
|
2,185,584 |
|
|
|
— |
|
|
|
2,185,584 |
|
|
|
— |
|
|
Commercial mortgage-backed securities issued by U.S. government |
|
|
|
|
|
|
|
|
|
|
|
|
|
agencies or sponsored enterprises |
|
|
832,449 |
|
|
|
— |
|
|
|
832,449 |
|
|
|
— |
|
|
State and municipal obligations |
|
|
1,007,412 |
|
|
|
— |
|
|
|
1,007,412 |
|
|
|
— |
|
|
Small Business Administration loan-backed securities |
|
|
568,433 |
|
|
|
— |
|
|
|
568,433 |
|
|
|
— |
|
|
Corporate securities |
|
|
21,770 |
|
|
|
— |
|
|
|
21,770 |
|
|
|
— |
|
|
Total securities available for sale |
|
|
6,313,756 |
|
|
|
— |
|
|
|
6,313,756 |
|
|
|
— |
|
|
Mortgage servicing rights |
|
|
84,032 |
|
|
|
— |
|
|
|
— |
|
|
|
84,032 |
|
|
SBA servicing asset |
|
|
5,512 |
|
|
|
— |
|
|
|
— |
|
|
|
5,512 |
|
|
|
|
$ |
6,797,769 |
|
|
$ |
— |
|
|
$ |
6,708,225 |
|
|
$ |
89,544 |
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
$ |
554,748 |
|
|
$ |
— |
|
|
$ |
554,748 |
|
|
$ |
— |
|
|
|
| Schedule of estimated fair value, and related carrying amount, of the Company's financial instruments |
The estimated fair value, and related carrying amount, of our financial instruments are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Carrying |
|
|
Fair |
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
|
Amount |
|
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
September 30,2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
2,974,618 |
|
|
$ |
2,974,618 |
|
|
$ |
2,974,618 |
|
|
$ |
— |
|
|
|
$ |
— |
|
|
Trading securities |
|
|
141,534 |
|
|
|
141,534 |
|
|
|
— |
|
|
|
141,534 |
|
|
|
|
— |
|
|
Investment securities |
|
|
8,705,780 |
|
|
|
8,319,757 |
|
|
|
287,005 |
|
|
|
7,912,585 |
|
|
|
|
120,167 |
|
|
Loans held for sale |
|
|
296,835 |
|
|
|
297,162 |
|
|
|
— |
|
|
|
297,162 |
|
|
|
|
— |
|
|
Loans, net of allowance for credit losses |
|
|
51,464,175 |
|
|
|
50,926,865 |
|
|
|
— |
|
|
|
— |
|
|
|
|
50,926,865 |
|
|
Accrued interest receivable |
|
|
253,452 |
|
|
|
253,452 |
|
|
|
— |
|
|
|
35,312 |
|
|
|
|
218,140 |
|
|
Mortgage servicing rights |
|
|
101,990 |
|
|
|
101,990 |
|
|
|
— |
|
|
|
— |
|
|
|
|
101,990 |
|
|
SBA servicing asset |
|
|
4,748 |
|
|
|
4,748 |
|
|
|
— |
|
|
|
— |
|
|
|
|
4,748 |
|
|
Interest rate swap – non-designated hedge |
|
|
117,921 |
|
|
|
117,921 |
|
|
|
— |
|
|
|
117,921 |
|
|
|
|
— |
|
|
Other derivative financial instruments (mortgage banking related) |
|
|
1,810 |
|
|
|
1,810 |
|
|
|
— |
|
|
|
1,810 |
|
|
|
|
— |
|
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing |
|
|
13,445,715 |
|
|
|
13,445,715 |
|
|
|
— |
|
|
|
13,445,715 |
|
|
|
|
— |
|
|
Interest-bearing other than time deposits |
|
|
35,840,527 |
|
|
|
35,840,527 |
|
|
|
— |
|
|
|
35,840,527 |
|
|
|
|
— |
|
|
Time deposits |
|
|
8,352,039 |
|
|
|
8,323,116 |
|
|
|
— |
|
|
|
8,323,116 |
|
|
|
|
— |
|
|
Federal funds purchased and securities sold under agreements to repurchase |
|
|
498,173 |
|
|
|
498,173 |
|
|
|
— |
|
|
|
498,173 |
|
|
|
|
— |
|
|
Corporate and subordinated debentures |
|
|
696,855 |
|
|
|
678,415 |
|
|
|
— |
|
|
|
678,415 |
|
|
|
|
— |
|
|
Other borrowings |
|
|
300,000 |
|
|
|
299,994 |
|
|
|
— |
|
|
|
299,994 |
|
|
|
|
— |
|
|
Accrued interest payable |
|
|
37,494 |
|
|
|
37,494 |
|
|
|
— |
|
|
|
37,494 |
|
|
|
|
— |
|
|
Interest rate swap – non-designated hedge |
|
|
982,452 |
|
|
|
982,452 |
|
|
|
— |
|
|
|
982,452 |
|
|
|
|
— |
|
|
Other derivative financial instruments (mortgage banking related) |
|
|
5,508 |
|
|
|
5,508 |
|
|
— |
|
|
|
5,508 |
|
|
|
— |
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
3,172,483 |
|
|
$ |
3,172,483 |
|
|
$ |
3,172,483 |
|
|
$ |
— |
|
|
|
$ |
— |
|
|
Trading securities |
|
|
110,183 |
|
|
|
110,183 |
|
|
|
— |
|
|
|
110,183 |
|
|
|
|
— |
|
|
Investment securities |
|
|
8,715,214 |
|
|
|
8,400,034 |
|
|
|
274,730 |
|
|
|
8,046,606 |
|
|
|
|
78,698 |
|
|
Loans held for sale |
|
|
345,343 |
|
|
|
348,381 |
|
|
|
— |
|
|
|
348,381 |
|
|
|
|
— |
|
|
Loans, net of allowance for credit losses |
|
|
48,013,330 |
|
|
|
47,378,022 |
|
|
|
— |
|
|
|
— |
|
|
|
|
47,378,022 |
|
|
Accrued interest receivable |
|
|
233,265 |
|
|
|
233,265 |
|
|
|
— |
|
|
|
35,302 |
|
|
|
|
197,963 |
|
|
Mortgage servicing rights |
|
|
84,032 |
|
|
|
84,032 |
|
|
|
— |
|
|
|
— |
|
|
|
|
84,032 |
|
|
SBA servicing asset |
|
|
5,512 |
|
|
|
5,512 |
|
|
|
— |
|
|
|
— |
|
|
|
|
5,512 |
|
|
Interest rate swap – non-designated hedge |
|
|
221,835 |
|
|
|
221,835 |
|
|
|
— |
|
|
|
221,835 |
|
|
|
|
— |
|
|
Other derivative financial instruments (mortgage banking related) |
|
|
1,051 |
|
|
|
1,051 |
|
|
|
— |
|
|
|
1,051 |
|
|
|
|
— |
|
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing |
|
|
13,375,697 |
|
|
|
13,375,697 |
|
|
|
— |
|
|
|
13,375,697 |
|
|
|
|
— |
|
|
Interest-bearing other than time deposits |
|
|
34,410,867 |
|
|
|
34,410,867 |
|
|
|
— |
|
|
|
34,410,867 |
|
|
|
|
— |
|
|
Time deposits |
|
|
7,359,233 |
|
|
|
7,347,648 |
|
|
|
— |
|
|
|
7,347,648 |
|
|
|
|
— |
|
|
Federal funds purchased and securities sold under agreements to repurchase |
|
|
618,215 |
|
|
|
618,215 |
|
|
|
— |
|
|
|
618,215 |
|
|
|
|
— |
|
|
Corporate and subordinated debentures |
|
|
696,536 |
|
|
|
683,772 |
|
|
|
— |
|
|
|
683,772 |
|
|
|
|
— |
|
|
Accrued interest payable |
|
|
48,972 |
|
|
|
48,972 |
|
|
|
— |
|
|
|
48,972 |
|
|
|
|
— |
|
|
Interest rate swap – non-designated hedge |
|
|
554,433 |
|
|
|
554,433 |
|
|
|
— |
|
|
|
554,433 |
|
|
|
|
— |
|
|
Other derivative financial instruments (mortgage banking related) |
|
|
315 |
|
|
|
315 |
|
|
|
— |
|
|
|
315 |
|
|
|
|
— |
|
|
|