Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2022 | Apr. 22, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2022 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | UMBF | |
Entity Registrant Name | UMB FINANCIAL CORP | |
Entity Central Index Key | 0000101382 | |
Entity Current Reporting Status | Yes | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 48,404,130 | |
Entity Shell Company | false | |
Entity File Number | 001-38481 | |
Entity Tax Identification Number | 43-0903811 | |
Entity Address, Address Line One | 1010 Grand Boulevard | |
Entity Address, City or Town | Kansas City | |
Entity Address, State or Province | MO | |
Entity Address, Postal Zip Code | 64106 | |
City Area Code | (816) | |
Local Phone Number | 860-7000 | |
Title of 12(b) Security | Common Stock, $1.00 Par Value | |
Entity Interactive Data Current | Yes | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Security Exchange Name | NASDAQ | |
Entity Incorporation, State or Country Code | MO |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
ASSETS | ||
Loans | $ 17,731,700 | $ 17,170,871 |
Allowance for credit losses on loans | (179,288) | (194,771) |
Net loans | 17,552,412 | 16,976,100 |
Loans held for sale | 384 | 1,277 |
Securities: | ||
Available for sale (amortized cost of $8,898,849 and $11,822,584, respectively) | 8,550,093 | 11,976,514 |
Held to maturity, net of allowance for credit losses of $2,045 and $1,940, respectively (fair value of $4,393,455 and $1,442,391, respectively) | 4,600,187 | 1,478,476 |
Trading securities | 17,059 | 31,875 |
Other securities | 332,123 | 327,098 |
Total securities | 13,499,462 | 13,813,963 |
Federal funds sold and securities purchased under agreements to resell | 1,319,809 | 1,216,357 |
Interest-bearing due from banks | 6,355,941 | 8,841,906 |
Cash and due from banks | 357,772 | 413,821 |
Premises and equipment, net | 264,519 | 270,933 |
Accrued income | 127,139 | 131,102 |
Goodwill | 182,225 | 174,518 |
Other intangibles, net | 15,690 | 14,416 |
Other assets | 930,389 | 839,091 |
Total assets | 40,605,742 | 42,693,484 |
Deposits: | ||
Noninterest-bearing demand | 15,946,738 | 16,342,642 |
Interest-bearing demand and savings | 17,828,794 | 18,405,644 |
Time deposits under $250,000 | 399,467 | 403,660 |
Time deposits of $250,000 or more | 187,566 | 447,981 |
Total deposits | 34,362,565 | 35,599,927 |
Federal funds purchased and repurchase agreements | 2,840,535 | 3,238,435 |
Long-term debt | 272,036 | 271,544 |
Accrued expenses and taxes | 178,130 | 249,492 |
Other liabilities | 204,071 | 188,662 |
Total liabilities | 37,857,337 | 39,548,060 |
SHAREHOLDERS' EQUITY | ||
Common stock, $1.00 par value; 80,000,000 shares authorized; 55,056,730 shares issued, 48,403,262 and 48,430,805 shares outstanding, respectively | 55,057 | 55,057 |
Capital surplus | 1,109,585 | 1,110,520 |
Retained earnings | 2,265,129 | 2,176,998 |
Accumulated other comprehensive (loss) income, net | (343,128) | 126,314 |
Treasury stock, 6,653,468 and 6,625,925 shares, at cost, respectively | (338,238) | (323,465) |
Total shareholders' equity | 2,748,405 | 3,145,424 |
Total liabilities and shareholders' equity | $ 40,605,742 | $ 42,693,484 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Statement Of Financial Position [Abstract] | ||
Available for sale securities, amortized cost | $ 8,898,849 | $ 11,822,584 |
Held to maturity securities, allowance for credit losses | 2,045 | 1,940 |
Held to Maturity, Fair value | $ 4,393,455 | $ 1,442,391 |
Common stock, par value | $ 1 | $ 1 |
Common stock, shares authorized | 80,000,000 | 80,000,000 |
Common stock, shares issued | 55,056,730 | 55,056,730 |
Common stock, shares outstanding | 48,403,262 | 48,430,805 |
Treasury stock, shares | 6,653,468 | 6,625,925 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
INTEREST INCOME | ||
Loans | $ 149,470 | $ 150,170 |
Securities: | ||
Taxable interest | 43,382 | 27,162 |
Tax-exempt interest | 23,855 | 24,964 |
Total securities income | 67,237 | 52,126 |
Federal funds and resell agreements | 2,450 | 2,821 |
Interest-bearing due from banks | 2,457 | 703 |
Trading securities | 185 | 159 |
Total interest income | 221,799 | 205,979 |
INTEREST EXPENSE | ||
Deposits | 6,173 | 6,798 |
Federal funds and repurchase agreements | 2,148 | 1,886 |
Other | 3,123 | 3,180 |
Total interest expense | 11,444 | 11,864 |
Net interest income | 210,355 | 194,115 |
Provision for credit losses | (6,500) | (7,500) |
Net interest income after provision for credit losses | 216,855 | 201,615 |
NONINTEREST INCOME | ||
Trust and securities processing | 59,528 | 54,834 |
Trading and investment banking | 5,440 | 9,356 |
Service charges on deposit accounts | 24,642 | 21,976 |
Insurance fees and commissions | 259 | 420 |
Brokerage fees | 3,456 | 3,334 |
Bankcard fees | 16,635 | 14,673 |
Investment securities losses, net | (522) | (8,336) |
Other | 14,240 | 12,640 |
Total noninterest income | 123,678 | 108,897 |
NONINTEREST EXPENSE | ||
Salaries and employee benefits | 130,634 | 127,681 |
Occupancy, net | 12,232 | 11,935 |
Equipment | 18,164 | 19,615 |
Supplies and services | 3,262 | 3,492 |
Marketing and business development | 4,932 | 2,345 |
Processing fees | 18,443 | 15,417 |
Legal and consulting | 6,911 | 5,755 |
Bankcard | 6,567 | 4,956 |
Amortization of other intangible assets | 1,071 | 1,380 |
Regulatory fees | 3,482 | 2,546 |
Other | 9,080 | 5,824 |
Total noninterest expense | 214,778 | 200,946 |
Income before income taxes | 125,755 | 109,566 |
Income tax expense | 19,792 | 16,923 |
NET INCOME | $ 105,963 | $ 92,643 |
PER SHARE DATA | ||
Net income – basic | $ 2.19 | $ 1.93 |
Net income – diluted | 2.17 | 1.91 |
Dividends | $ 0.37 | $ 0.32 |
Weighted average shares outstanding – basic | 48,406,840 | 48,096,643 |
Weighted average shares outstanding – diluted | 48,832,177 | 48,520,752 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Statement Of Income And Comprehensive Income [Abstract] | ||
Net income | $ 105,963 | $ 92,643 |
Unrealized gains and losses on debt securities: | ||
Change in unrealized holding gains and losses, net | (622,910) | (199,038) |
Less: Reclassification adjustment for gains included in net income | (2,720) | |
Amortization of net unrealized loss on securities transferred from available-for-sale to held-to-maturity | 582 | |
Change in unrealized gains and losses on debt securities during the period | (622,328) | (201,758) |
Unrealized gains and losses on derivative hedges: | ||
Change in unrealized gains and losses on derivative hedges | 4,680 | 6,503 |
Less: Reclassification adjustment for gains included in net income | (851) | (842) |
Change in unrealized gains and losses on derivative hedges | 3,829 | 5,661 |
Other comprehensive loss, before tax | (618,499) | (196,097) |
Income tax benefit | 149,057 | 46,954 |
Other comprehensive loss | (469,442) | (149,143) |
Comprehensive loss | $ (363,479) | $ (56,500) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Total | Common Stock | Capital Surplus | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |
Beginning Balance at Dec. 31, 2020 | $ 3,016,948 | $ 55,057 | $ 1,090,450 | $ 1,891,246 | $ 318,340 | $ (338,145) |
Total comprehensive income (loss) | (56,500) | 92,643 | (149,143) | |||
Dividends | (15,571) | (15,571) | ||||
Purchase of treasury stock | (4,027) | (4,027) | ||||
Issuances of equity awards, net of forfeitures | 695 | (4,043) | 4,738 | |||
Recognition of equity-based compensation | 4,457 | 4,457 | ||||
Sale of treasury stock | 151 | 65 | 86 | |||
Exercise of stock options | 12,086 | 2,738 | 9,348 | |||
Ending Balance at Mar. 31, 2021 | 2,958,239 | 55,057 | 1,093,667 | 1,968,318 | 169,197 | (328,000) |
Beginning Balance at Dec. 31, 2021 | 3,145,424 | 55,057 | 1,110,520 | 2,176,998 | 126,314 | (323,465) |
Total comprehensive income (loss) | (363,479) | 105,963 | (469,442) | |||
Dividends | (17,832) | (17,832) | ||||
Purchase of treasury stock | (22,487) | (22,487) | ||||
Issuances of equity awards, net of forfeitures | 679 | (6,630) | 7,309 | |||
Recognition of equity-based compensation | 5,485 | 5,485 | ||||
Sale of treasury stock | 138 | 84 | 54 | |||
Exercise of stock options | 477 | 126 | 351 | |||
Ending Balance at Mar. 31, 2022 | $ 2,748,405 | $ 55,057 | $ 1,109,585 | $ 2,265,129 | $ (343,128) | $ (338,238) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Statement Of Stockholders Equity [Abstract] | ||
Dividends, per share | $ 0.37 | $ 0.32 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
OPERATING ACTIVITIES | ||
Net income | $ 105,963 | $ 92,643 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for credit losses | (6,500) | (7,500) |
Net amortization of premiums and discounts from acquisition | 379 | 117 |
Depreciation and amortization | 13,152 | 14,042 |
Amortization of debt issuance costs | 113 | 113 |
Deferred income tax (benefit) expense | (1,023) | 10,246 |
Net decrease (increase) in trading securities and other earning assets | 14,816 | (9,350) |
Losses on investment securities, net | 522 | 8,336 |
Gains on sales of assets | (2,354) | (4,298) |
Amortization of securities premiums, net of discount accretion | 11,180 | 14,876 |
Originations of loans held for sale | (8,330) | (45,128) |
Gains on sales of loans held for sale, net | (270) | (1,602) |
Proceeds from sales of loans held for sale | 9,493 | 43,163 |
Equity-based compensation | 6,164 | 5,152 |
Net tax benefit related to equity compensation plans | 2,369 | 1,079 |
Changes in: | ||
Accrued income | 3,860 | 4,156 |
Accrued expenses and taxes | (72,489) | (88,201) |
Other assets and liabilities, net | 119,007 | 78,096 |
Net cash provided by operating activities | 196,052 | 115,940 |
Securities held to maturity: | ||
Maturities, calls and principal repayments | 70,091 | 49,520 |
Purchases | (334,546) | (77,576) |
Securities available for sale: | ||
Sales | 0 | 129,128 |
Maturities, calls and principal repayments | 439,293 | 520,441 |
Purchases | (540,925) | (1,322,855) |
Equity securities with readily determinable fair values: | ||
Sales | 9,725 | |
Purchases | (353) | (226) |
Equity securities without readily determinable fair values: | ||
Maturities, calls and principal repayments | 6 | 2,177 |
Purchases | (11,323) | (7,144) |
Payment on low-income housing tax credit investment commitments | (8,395) | (1,173) |
Net increase in loans | (608,888) | (398,795) |
Net (increase) decrease in fed funds sold and resell agreements | (103,452) | 20,522 |
Net cash activity from acquisitions and divestitures | 265,639 | 16,623 |
Net decrease (increase) in interest-bearing balances due from other financial institutions | 14,368 | (11,347) |
Purchases of premises and equipment | (8,643) | (5,958) |
Proceeds from sales of premises and equipment | 2,968 | 73 |
Net cash used in investing activities | (814,435) | (1,086,590) |
FINANCING ACTIVITIES | ||
Net (decrease) increase in demand and savings deposits | (1,207,226) | 1,441,071 |
Net decrease in time deposits | (264,608) | (211,530) |
Net (decrease) increase in fed funds purchased and repurchase agreements | (397,900) | 444,321 |
Cash dividends paid | (17,917) | (15,456) |
Proceeds from exercise of stock options and sales of treasury shares | 615 | 12,237 |
Purchases of treasury stock | (22,487) | (4,027) |
Net cash (used in) provided by financing activities | (1,909,523) | 1,666,616 |
(Decrease) increase in cash and cash equivalents | (2,527,906) | 695,966 |
Cash and cash equivalents at beginning of period | 9,214,564 | 3,497,566 |
Cash and cash equivalents at end of period | 6,686,658 | 4,193,532 |
Supplemental disclosures: | ||
Income tax payments | 795 | 622 |
Total interest payments | 13,043 | $ 14,337 |
Noncash disclosures: | ||
Acquisition of low-income housing tax credit investments | 6,398 | |
Commitment to fund low-income housing tax credit investments | 6,398 | |
Transfer of securities from available-for-sale to held-to-maturity | $ 2,857,187 |
Financial Statement Presentatio
Financial Statement Presentation | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Financial Statement Presentation | 1. Financial Statement Presentation The Consolidated Financial Statements include the accounts of UMB Financial Corporation and its subsidiaries (collectively, the Company) after the elimination of all intercompany transactions. In the opinion of management of the Company, all adjustments relating to items that are of a normal recurring nature and necessary for a fair presentation of the financial position and results of operations have been made. The results of operations and cash flows for the interim periods presented may not be indicative of the results of the full year ending December 31, 2022. The financial statements should be read in conjunction with “Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations” within this Quarterly Report on Form 10-Q (the Form 10-Q) and in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission (SEC) on February 24, 2022 (the Form 10-K). The Company is a financial holding company, which offers a wide range of banking and other financial services to its customers through its branches and offices. The Company’s national bank, UMB Bank, National Association (the Bank), has its principal office in Missouri and also has branches in Arizona, Colorado, Illinois, Kansas, Nebraska, Oklahoma, and Texas. The Company also has offices in Pennsylvania, South Dakota, Indiana, Utah, Minnesota, California, Wisconsin, Iowa, and New York. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions also impact reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A summary of the significant accounting policies to assist the reader in understanding the financial presentation is provided in the Notes to Consolidated Financial Statements in the Form 10-K. Cash and cash equivalents Cash and cash equivalents includes Cash and due from banks and amounts due from the Federal Reserve Bank (FRB). Cash on hand, cash items in the process of collection, and amounts due from correspondent banks are included in Cash and due from banks. Amounts due from the FRB are interest-bearing for all periods presented and are included in the Interest-bearing due from banks line on the Company’s Consolidated Balance Sheets. This table provides a summary of cash and cash equivalents as presented on the Consolidated Statements of Cash Flows as of March 31, 2022 and March 31, 2021 (in thousands) March 31, 2022 2021 Due from the FRB $ 6,328,886 $ 3,806,302 Cash and due from banks 357,772 387,230 Cash and cash equivalents at end of period $ 6,686,658 $ 4,193,532 Also included in the Interest-bearing due from banks, but not considered cash and cash equivalents, are interest-bearing accounts held at other financial institutions, which totaled $27.1 million and $54.5 million at March 31, 2022 and March 31, 2021, respectively. Per Share Data Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted quarter-to-date net income per share includes the dilutive effect of 425,337 and 424,109 shares issuable upon the exercise of stock options, nonvested restricted shares, and nonvested restricted stock units granted by the Company and outstanding at March 31, 2022 and 2021. Certain options, restricted stock and restricted stock units issued under employee benefits plans were excluded from the computation of diluted earnings per share because they were anti-dilutive. For the three months ended March 31, 2022 and March 31, 2021, there were no outstanding stock options, restricted stock and restricted stock units excluded from the computation of diluted income per share. Derivatives The Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Currently, 12 of the Company’s derivatives are designated in qualifying hedging relationships. The remainder of the Company’s derivatives are not designated in qualifying hedging relationships, as the derivatives are not used to manage risks within the Company’s assets or liabilities. All changes in fair value of the Company’s non-designated derivatives and fair value hedges are recognized directly in earnings. Changes in fair value of the Company’s cash flow hedges are recognized in accumulated other comprehensive income (AOCI) and are reclassified to earnings when the hedged transaction affects earnings. |
New Accounting Pronouncements
New Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Changes And Error Corrections [Abstract] | |
New Accounting Pronouncements | 3. New Accounting Pronouncements Troubled Debt Restructurings In March 2022, the FASB issued Accounting Standards Update (ASU) No. 2022-02, “Financial Instruments – Credit Losses: Troubled Debt Restructurings and Vintage Disclosures.” The ASU eliminates the accounting guidance for troubled debt restructurings (TDR) by creditors and enhances disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. The amendments also add requirements to disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases, disclosed by credit-quality indicator and class of financing receivable. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including in an interim period. The adoption of this accounting pronouncement will have no impact on the Consolidated Financial Statements aside from additional and revised disclosures. |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Loans and Allowance for Credit Losses | 4. Loans and Allowance for Credit Losses Loan Origination/Risk Management The Company has certain lending policies and procedures in place that are designed to minimize the level of risk within the loan portfolio. Diversification of the loan portfolio manages the risk associated with fluctuations in economic conditions. Authority levels are established for the extension of credit to ensure consistency throughout the Company. It is necessary that policies, processes and practices implemented to control the risks of individual credit transactions and portfolio segments are sound and adhered to. The Company maintains an independent loan review department that reviews and validates the risk assessment on a continual basis. Management regularly evaluates the results of the loan reviews. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Commercial loans are made based on the identified cash flows of the borrower and on the underlying collateral provided by the borrower. The cash flows of the borrower, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts from its customers. Specialty lending loans include Asset-based and Factoring loans. Asset-based loans are offered primarily in the form of revolving lines of credit to commercial borrowers that do not generally qualify for traditional bank financing. Asset-based loans are underwritten based primarily upon the value of the collateral pledged to secure the loan, rather than on the borrower’s general financial condition. The Company utilizes pre-loan due diligence techniques, monitoring disciplines, and loan management practices common within the asset-based lending industry to underwrite loans to these borrowers. Factoring loans provide working capital through the purchase and/or financing of accounts receivable to borrowers in the transportation industry and to commercial borrowers that do not generally qualify for traditional bank financing. During the first quarter of 2022, the Company sold its factoring loan portfolio to an alternative financing company. The sale included $82.6 million of loans, resulting in a gain of $2.4 million. Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. The Company requires that an appraisal of the collateral be made at origination and on an as-needed basis, in conformity with current market conditions and regulatory requirements. The underwriting standards address both owner and non-owner-occupied real estate. Also included in Commercial real estate are Construction loans that are underwritten using feasibility studies, independent appraisal reviews, sensitivity analysis or absorption and lease rates, and financial analysis of the developers and property owners. Construction loans are based upon estimates of costs and value associated with the complete project. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their repayment being sensitive to interest rate changes, governmental regulation of real property, economic conditions, and the availability of long-term financing. Consumer real estate loans, including residential real estate and home equity loans, are underwritten based on the borrower’s loan-to-value percentage, collection remedies, and overall credit history. Consumer loans are underwritten based on the borrower’s repayment ability. The Company monitors delinquencies on all of its consumer loans and leases. The underwriting and review practices combined with the relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Consumer loans and leases that are 90 days past due or more are considered non-performing. Credit cards include both commercial and consumer credit cards. Commercial credit cards are generally unsecured and are underwritten with criteria similar to commercial loans, including an analysis of the borrower’s cash flow, available business capital, and overall creditworthiness of the borrower. Consumer credit cards are underwritten based on the borrower’s repayment ability. The Company monitors delinquencies on all of its consumer credit cards and periodically reviews the distribution of FICO scores relative to historical periods to monitor credit risk on its consumer credit card loans. Credit risk is a potential loss resulting from nonpayment of either the primary or secondary exposure. Credit risk is mitigated with formal risk management practices and a thorough initial credit-granting process including consistent underwriting standards and approval process. Control factors or techniques to minimize credit risk include knowing the client, understanding total exposure, analyzing the client and debtor’s financial capacity, and monitoring the client’s activities. Credit risk and portions of the portfolio risk are managed through concentration considerations, average risk ratings, and other aggregate characteristics. Loan Aging Analysis This table provides a summary of loan classes and an aging of past due loans at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 30-89 Days Past Due and Accruing Greater than 90 Days Past Due and Accruing Nonaccrual Loans Total Past Due Current Total Loans Loans Commercial and industrial $ 4,564 $ 1,375 $ 91,053 $ 96,992 $ 7,516,907 $ 7,613,899 Specialty lending — — 11,797 11,797 494,063 505,860 Commercial real estate 9,470 463 2,651 12,584 6,406,926 6,419,510 Consumer real estate 1,397 — 3,892 5,289 2,388,025 2,393,314 Consumer 49 1 572 622 132,193 132,815 Credit cards 1,679 1,761 366 3,806 393,294 397,100 Leases and other — — 25 25 269,177 269,202 Total loans $ 17,159 $ 3,600 $ 110,356 $ 131,115 $ 17,600,585 $ 17,731,700 December 31, 2021 30-89 Days Past Due and Accruing Greater than 90 Days Past Due and Accruing Nonaccrual Loans Total Past Due Current Total Loans Loans Commercial and industrial $ 2,827 $ 896 $ 82,845 $ 86,568 $ 7,171,552 $ 7,258,120 Specialty lending — — — — 522,362 522,362 Commercial real estate 962 — 4,688 5,650 6,261,894 6,267,544 Consumer real estate 246 489 4,210 4,945 2,315,088 2,320,033 Consumer 105 2 75 182 128,953 129,135 Credit cards 2,369 1,246 457 4,072 387,317 391,389 Leases and other — — 25 25 282,263 282,288 Total loans $ 6,509 $ 2,633 $ 92,300 $ 101,442 $ 17,069,429 $ 17,170,871 The Company sold consumer real estate loans with proceeds of $9.5 million and $43.2 million in the secondary market without recourse during the three months ended March 31, 2022 and 2021, respectively. The Company has ceased the recognition of interest on loans with a carrying value of $110.4 million and $92.3 million at March 31, 2022 and December 31, 2021, respectively. Restructured loans totaled $7.1 million and $7.3 million at March 31, 2022 and December 31, 2021, respectively. Loans 90 days past due and still accruing interest amounted to $3.6 million and $2.6 million at March 31, 2022 and December 31, 2021, respectively. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. There was an insignificant amount of interest reversed related to loans on nonaccrual during 2022 and 2021. Nonaccrual loans with no related allowance for credit losses totaled $101.0 million and $85.9 million at March 31, 2022 and December 31, 2021, respectively. The following tables provide the amortized cost of nonaccrual loans with no related allowance for credit losses by loan class at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Nonaccrual Loans Amortized Cost of Nonaccrual Loans with no related Allowance Loans Commercial and industrial $ 91,053 $ 81,686 Specialty lending 11,797 11,797 Commercial real estate 2,651 2,651 Consumer real estate 3,892 3,892 Consumer 572 572 Credit cards 366 366 Leases and other 25 25 Total loans $ 110,356 $ 100,989 December 31, 2021 Nonaccrual Loans Amortized Cost of Nonaccrual Loans with no related Allowance Loans Commercial and industrial $ 82,845 $ 76,493 Specialty lending — — Commercial real estate 4,688 4,688 Consumer real estate 4,210 4,210 Consumer 75 75 Credit cards 457 457 Leases and other 25 25 Total loans $ 92,300 $ 85,948 Amortized Cost The following tables provide a summary of the amortized cost balance of each of the Company’s loan classes disaggregated by collateral type and origination year as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Loan Segment and Type Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Commercial and industrial: Equipment/Accounts Receivable/Inventory $ 469,143 $ 2,163,848 $ 814,546 $ 327,868 $ 129,190 $ 167,029 $ 3,362,138 $ 31,816 $ 7,465,578 Agriculture 2,134 10,521 5,608 2,846 857 1,022 119,042 — 142,030 Overdrafts — — — — — — 6,291 — 6,291 Total Commercial and industrial 471,277 2,174,369 820,154 330,714 130,047 168,051 3,487,471 31,816 7,613,899 Specialty lending: Asset-based lending 381 41,195 46,958 — — — 417,326 — 505,860 Total Specialty lending 381 41,195 46,958 — — — 417,326 — 505,860 Commercial real estate: Owner-occupied 222,719 655,646 463,030 205,136 157,972 237,072 30,383 — 1,971,958 Non-owner-occupied 299,175 980,164 628,839 490,943 117,452 339,899 9,973 — 2,866,445 Farmland 16,236 65,635 261,388 28,963 17,528 53,334 32,177 — 475,261 5+ Multi-family 32,049 30,783 98,196 19,354 1,687 7,255 4,485 — 193,809 1-4 Family construction 16,137 45,105 741 6,753 — — 2,412 — 71,148 General construction 54,487 541,587 168,536 61,272 62 444 14,501 — 840,889 Total Commercial real estate 640,803 2,318,920 1,620,730 812,421 294,701 638,004 93,931 — 6,419,510 Consumer real estate: HELOC — 195 514 344 567 6,529 302,902 1,692 312,743 First lien: 1-4 family 182,247 803,684 675,494 188,428 55,015 153,632 19 — 2,058,519 Junior lien: 1-4 family 1,689 8,371 5,699 3,046 1,241 1,959 47 — 22,052 Total Consumer real estate 183,936 812,250 681,707 191,818 56,823 162,120 302,968 1,692 2,393,314 Consumer: Revolving line 179 971 — — — — 58,028 1,270 60,448 Auto 2,666 9,014 6,794 4,577 810 486 — — 24,347 Other 6,983 29,744 1,691 1,635 1,419 2,311 4,237 — 48,020 Total Consumer 9,828 39,729 8,485 6,212 2,229 2,797 62,265 1,270 132,815 Credit cards: Consumer — — — — — — 171,735 — 171,735 Commercial — — — — — — 225,365 — 225,365 Total Credit cards — — — — — — 397,100 — 397,100 Leases and other: Leases — — — 814 — 1,323 — — 2,137 Other 536 98,148 45,585 59,213 21,641 5,585 36,357 — 267,065 Total Leases and other 536 98,148 45,585 60,027 21,641 6,908 36,357 — 269,202 Total loans $ 1,306,761 $ 5,484,611 $ 3,223,619 $ 1,401,192 $ 505,441 $ 977,880 $ 4,797,418 $ 34,778 $ 17,731,700 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Loan Segment and Type Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Commercial and industrial: Equipment/Accounts Receivable/Inventory $ 2,400,110 $ 945,383 $ 356,348 $ 150,892 $ 115,571 $ 131,900 $ 2,984,740 $ 247 $ 7,085,191 Agriculture 12,077 5,884 3,308 640 344 1,143 130,946 — 154,342 Overdrafts — — — — — — 18,587 — 18,587 Total Commercial and industrial 2,412,187 951,267 359,656 151,532 115,915 133,043 3,134,273 247 7,258,120 Specialty lending: Asset-based lending 34,552 49,373 — — — — 331,282 — 415,207 Factoring — — — — — — 107,155 — 107,155 Total Specialty lending 34,552 49,373 — — — — 438,437 — 522,362 Commercial real estate: Owner-occupied 680,135 519,448 226,631 177,576 91,539 159,482 11,727 — 1,866,538 Non-owner-occupied 1,058,025 689,167 591,886 162,491 135,100 258,541 10,969 — 2,906,179 Farmland 61,505 273,624 34,145 16,969 19,929 34,858 38,239 999 480,268 5+ Multi-family 58,268 95,024 41,426 1,206 511 6,820 2,057 — 205,312 1-4 Family construction 53,004 4,933 17,333 — — — 985 — 76,255 General construction 439,973 160,553 64,283 38,505 203 256 29,219 — 732,992 Total Commercial real estate 2,350,910 1,742,749 975,704 396,747 247,282 459,957 93,196 999 6,267,544 Consumer real estate: HELOC 248 547 327 574 646 6,363 320,410 2,523 331,638 First lien: 1-4 family 830,513 712,264 200,167 58,734 61,641 102,997 19 — 1,966,335 Junior lien: 1-4 family 9,114 6,299 3,361 1,150 820 1,299 17 — 22,060 Total Consumer real estate 839,875 719,110 203,855 60,458 63,107 110,659 320,446 2,523 2,320,033 Consumer: Revolving line 974 — — — — — 60,049 120 61,143 Auto 9,886 7,775 5,462 1,107 479 220 — — 24,929 Other 31,391 2,041 1,949 1,543 2,542 708 2,889 — 43,063 Total Consumer 42,251 9,816 7,411 2,650 3,021 928 62,938 120 129,135 Credit cards: Consumer — — — — — — 180,296 — 180,296 Commercial — — — — — — 211,093 — 211,093 Total Credit cards — — — — — — 391,389 — 391,389 Leases and other: Leases — — 814 — 739 614 — — 2,167 Other 99,952 44,113 58,164 22,344 5,631 779 49,138 — 280,121 Total Leases and other 99,952 44,113 58,978 22,344 6,370 1,393 49,138 — 282,288 Total loans $ 5,779,727 $ 3,516,428 $ 1,605,604 $ 633,731 $ 435,695 $ 705,980 $ 4,489,817 $ 3,889 $ 17,170,871 Accrued interest on loans totaled $47.6 million and $45.2 million as of March 31, 2022 and December 31, 2021, respectively, and is included in the Accrued income line on the Company’s Consolidated Balance Sheets. The total amount of accrued interest is excluded from the amortized cost basis of loans presented above. Further, the Company has elected not to measure an allowance for credit losses for accrued interest receivable. Credit Quality Indicators As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to the risk grading of specified classes of loans, net charge-offs, non-performing loans, and general economic conditions. The Company utilizes a risk grading matrix to assign a rating to each of its commercial, commercial real estate, and construction real estate loans. Changes in credit risk are monitored on a continuous basis and changes in risk ratings are made when identified. The loan ratings are summarized into the following categories: Non-watch list, Watch, Special Mention, Substandard, and Doubtful. Any loan not classified in one of the categories described below is considered to be a Non-watch list loan. A description of the general characteristics of the loan rating categories is as follows: • Watch – This rating represents credit exposure that presents higher than average risk and warrants greater than routine attention by Company personnel due to conditions affecting the borrower, the borrower’s industry or the economic environment. These conditions have resulted in some degree of uncertainty that results in higher than average credit risk. These loans are considered pass-rated credits. • Special Mention – This rating reflects a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or the borrower’s credit position at some future date. The rating is not adversely classified and does not expose an institution to sufficient risk to warrant adverse classification. • Substandard – This rating represents an asset inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. Loans in this category are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified as substandard. • Doubtful – This rating represents an asset that has all the weaknesses inherent in an asset classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, based on currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage of strengthening the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, liquidation procedures, capital injection, or perfecting liens. Commercial and industrial A discussion of the credit quality indicators that impact each type of collateral securing Commercial and industrial loans is included below: Equipment, accounts receivable, and inventory General commercial and industrial loans are secured by working capital assets and non-real estate assets. The general purpose of these loans is for financing capital expenditures and current operations for commercial and industrial entities. These assets are short-term in nature. In the case of accounts receivable and inventories, the repayment of debt is reliant upon converting assets into cash or through goods and services being sold and collected. Collateral based-risk is due to aged short-term assets, which can be indicative of underlying issues with the borrower and lead to the value of the collateral being overstated. Agriculture Agricultural loans are secured by non-real estate agricultural assets. These include shorter-term assets such as equipment, crops, and livestock. The risks associated with loans to finance crops or livestock include the borrower’s ability to successfully raise and market the commodity. Adverse weather conditions and other natural perils can dramatically affect farmers’ or ranchers’ production and ability to service debt. Volatile commodity prices present another significant risk for agriculture borrowers. Market price volatility and production cost volatility can affect both revenues and expenses. Overdrafts Commercial overdrafts are typically short-term and unsecured. Some commercial borrowers tie their overdraft obligation to their line of credit, so any draw on the line of credit will satisfy the overdraft. Based on the factors noted above for each type of collateral, the Company assigns risk ratings to borrowers based on their most recently assessed financial position. The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Equipment/Accounts Receivable/Inventory Non-watch list – Pass $ 443,997 $ 2,048,497 $ 745,218 $ 298,758 $ 120,445 $ 157,038 $ 3,138,826 $ 31,698 $ 6,984,477 Watch – Pass 15,779 103,276 32,486 22,977 4,771 2,150 103,130 — 284,569 Special Mention — 2,984 2,386 2,600 570 2,654 38,673 — 49,867 Substandard 9,367 8,812 1,206 3,533 3,404 660 44,779 118 71,879 Doubtful — 279 33,250 — — 4,527 36,730 — 74,786 Total Equipment/Accounts Receivable/Inventory $ 469,143 $ 2,163,848 $ 814,546 $ 327,868 $ 129,190 $ 167,029 $ 3,362,138 $ 31,816 $ 7,465,578 Agriculture Non-watch list – Pass $ 1,934 $ 10,167 $ 5,401 $ 2,542 $ 703 $ 1,022 $ 101,422 $ — $ 123,191 Watch – Pass — 354 — 304 154 — 3,632 — 4,444 Special Mention 200 — — — — — — — 200 Substandard — — 207 — — — 13,988 — 14,195 Doubtful — — — — — — — — — Total Agriculture $ 2,134 $ 10,521 $ 5,608 $ 2,846 $ 857 $ 1,022 $ 119,042 $ — $ 142,030 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Equipment/Accounts Receivable/Inventory Non-watch list – Pass $ 2,299,784 $ 874,786 $ 325,630 $ 141,667 $ 106,141 $ 130,153 $ 2,750,764 $ 247 $ 6,629,172 Watch – Pass 68,322 34,324 25,572 5,056 1,794 698 106,177 — 241,943 Special Mention 5,886 — 2,600 592 1,742 997 41,209 — 53,026 Substandard 25,466 3,023 2,546 3,577 1,202 52 45,053 — 80,919 Doubtful 652 33,250 — — 4,692 — 41,537 — 80,131 Total Equipment/Accounts Receivable/Inventory $ 2,400,110 $ 945,383 $ 356,348 $ 150,892 $ 115,571 $ 131,900 $ 2,984,740 $ 247 $ 7,085,191 Agriculture Non-watch list – Pass $ 11,512 $ 5,394 $ 2,608 $ 212 $ 344 $ 1,143 $ 100,630 $ — $ 121,843 Watch – Pass 500 222 328 428 — — 6,532 — 8,010 Special Mention — — 372 — — — 1,361 — 1,733 Substandard 65 268 — — — — 22,423 — 22,756 Doubtful — — — — — — — — — Total Agriculture $ 12,077 $ 5,884 $ 3,308 $ 640 $ 344 $ 1,143 $ 130,946 $ — $ 154,342 Specialty lending A discussion of the credit quality indicators that impact each type of collateral securing Specialty loans is included below: Asset-based lending General asset-based loans are secured by accounts receivable, inventory, equipment, and real estate. The purpose of these loans is for financing current operations for commercial customers. The repayment of debt is reliant upon collection of the accounts receivable within 30 to 90 days or converting assets into cash or through goods and services being sold and collected. The Company tracks each individual borrower credit risk based on their loan to collateral position. Any borrower position where the underlying value of collateral is below the fair value of the loan is considered out-of-margin and inherently higher risk. Factoring During the first quarter of 2022, the Company sold its factoring loan portfolio to an alternative financing company. Prior to the sale of this portfolio, factoring loans were secured by accounts receivable. The purpose of these loans was for financing current operations for trucking or other commercial customers. The repayment of debt was reliant upon collection of the accounts receivable within 30 to 90 days. The Company tracked each individual borrower’s credit risk based on their loan to collateral position. To assess credit risk, the portfolio was separated into two tiers and a specifically impaired category. Tier 1 were loans that had not experienced collateral coverage rates falling below an internally tracked threshold at any time during their relationship history. The internal threshold was lower than each customers’ actual contractual collateral coverage ratio. Tier 2 were loans that had experienced collateral coverage rates falling below the same internally tracked threshold during their relationship history. Loans individually evaluated were loans that had either experienced collateral coverage rates falling below an internally tracked threshold during their relationship history or had balances that were greater than an internally tracked threshold. Individually evaluated loans utilized a practical expedient for the purpose of determining the expected credit loss. Collateral dependent assets were loans placed on non-accrual and loans considered to be TDRs. The combination of these categories created an associated allowance to this portfolio of $1.0 million as of December 31, 2021. The following table provides a summary of the amortized cost balance by risk rating for asset-based loans as of March 31, 2022 and December 31, 2021 (in thousands): Asset-based lending Risk March 31, 2022 December 31, 2021 In-margin $ 495,318 $ 409,844 Out-of-margin 10,542 5,363 Total $ 505,860 $ 415,207 The following table provides a summary of the amortized cost balance by risk rating for factoring loans as of December 31, 2021 (in thousands): Factoring Risk December 31, 2021 Tier 1 $ 9,433 Tier 2 65,149 Individually evaluated 32,573 Collateral dependent assets — Total $ 107,155 Commercial real estate A discussion of the credit quality indicators that impact each type of collateral securing Commercial real estate loans is included below: Owner-occupied Owner-occupied loans are secured by commercial real estate. These loans are often longer tenured and susceptible to multiple economic cycles. The loans rely on the owner-occupied operations to service debt which cover a broad spectrum of industries. Real estate debt can carry a significant amount of leverage for a borrower to maintain. Non-owner-occupied Non-owner-occupied loans are secured by commercial real estate. These loans are often longer tenured and susceptible to multiple economic cycles. The key element of risk in this type of lending is the cyclical nature of real estate markets. Although national conditions affect the overall real estate industry, the effect of national conditions on local markets is equally important. Factors such as unemployment rates, consumer demand, household formation, and the level of economic activity can vary widely from state to state and among metropolitan areas. In addition to geographic considerations, markets can be defined by property type. While all sectors are influenced by economic conditions, some sectors are more sensitive to certain economic factors than others. Farmland Farmland loans are secured by real estate used for agricultural purposes such as crop and livestock production. Assets used as collateral are long-term assets that carry the ability to have longer amortizations and maturities. Longer terms carry the risk of added susceptibility to market conditions. The limited purpose of some Agriculture-related collateral affects credit risk because such collateral may have limited or no other uses to support values when loan repayment problems emerge. 5+ Multi-family 5+ multi-family loans are secured by a multi-family residential property. The primary risks associated with this type of collateral are largely driven by economic conditions. The national and local market conditions can change with unemployment rates or competing supply of multi-family housing. Tenants may not be able to afford their housing or have better options and this can result in increased vacancy. Rents may need to be lowered to fill apartment units. Increased vacancy and lower rental rates not only drive the borrower’s ability to repay debt but also contribute to how the collateral is valued. 1-4 Family construction 1-4 family construction loans are secured by 1-4 family residential real estate and are in the process of construction or improvements being made. The predominant risk inherent to this portfolio is the risk associated with a borrower’s ability to successfully complete a project on time and within budget. Market conditions also play an important role in understanding the risk profile. Risk from adverse chang es in market conditions from the start of development to completion can result in deflated collateral values General construction General construction loans are secured by commercial real estate in process of construction or improvements being made and their repayment is dependent on the collateral’s completion. Construction lending presents unique risks not encountered in term financing of existing real estate. The predominant risk inherent to this portfolio is the risk associated with a borrower’s ability to successfully complete a project on time and within budget. Commercial properties under construction are susceptible to market and economic conditions. Demand from prospective customers may erode after construction begins because of a general economic slowdown or an increase in the supply of competing properties. Based on the factors noted above for each type of collateral, the Company assigns risk ratings to borrowers based on their most recently assessed financial position. The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Owner-occupied Non-watch list – Pass $ 220,777 $ 654,551 $ 451,647 $ 175,858 $ 156,402 $ 230,287 $ 30,283 $ — $ 1,919,805 Watch – Pass 1,942 820 10,090 9,843 1,048 3,466 — — 27,209 Special Mention — 90 1,263 17,091 — — — — 18,444 Substandard — 185 30 2,344 522 3,319 100 — 6,500 Doubtful — — — — — — — — — Total Owner-occupied $ 222,719 $ 655,646 $ 463,030 $ 205,136 $ 157,972 $ 237,072 $ 30,383 $ — $ 1,971,958 Non-owner-occupied Non-watch list – Pass $ 270,118 $ 934,677 $ 620,352 $ 452,911 $ 94,777 $ 298,577 $ 9,973 $ — $ 2,681,385 Watch – Pass 29,057 45,487 — 38,032 22,675 5,228 — — 140,479 Special Mention — — 8,487 — — 36,069 — — 44,556 Substandard — — — — — 25 — — 25 Doubtful — — — — — — — — — Total Non-owner-occupied $ 299,175 $ 980,164 $ 628,839 $ 490,943 $ 117,452 $ 339,899 $ 9,973 $ — $ 2,866,445 Farmland Non-watch list – Pass $ 12,236 $ 44,152 $ 234,926 $ 21,444 $ 3,302 $ 51,476 $ 23,939 $ — $ 391,475 Watch – Pass — 2,241 11,214 — 227 1,055 — — 14,737 Special Mention 4,000 3,800 — 6,583 13,983 — 7,274 — 35,640 Substandard — 15,442 15,248 936 16 803 964 — 33,409 Doubtful — — — — — — — — — Total Farmland $ 16,236 $ 65,635 $ 261,388 $ 28,963 $ 17,528 $ 53,334 $ 32,177 $ — $ 475,261 5+ Multi-family Non-watch list – Pass $ 32,049 $ 30,783 $ 98,196 $ 19,354 $ 1,687 $ 7,255 $ 4,485 $ — $ 193,809 Watch – Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 5+ Multi-family $ 32,049 $ 30,783 $ 98,196 $ 19,354 $ 1,687 $ 7,255 $ 4,485 $ — $ 193,809 1-4 Family construction Non-watch list – Pass $ 16,137 $ 45,105 $ 741 $ 6,753 $ — $ — $ 2,412 $ — $ 71,148 Watch – Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 1-4 Family construction $ 16,137 $ 45,105 $ 741 $ 6,753 $ — $ — $ 2,412 $ — $ 71,148 General construction Non-watch list – Pass $ 54,487 $ 521,028 $ 168,536 $ 61,186 $ 62 $ 427 $ 14,501 $ — $ 820,227 Watch – Pass — 4,114 — — — — — — 4,114 Special Mention — 16,445 — — — — — — 16,445 Substandard — — — — — 17 — — 17 Doubtful — — — 86 — — — — 86 Total General construction $ 54,487 $ 541,587 $ 168,536 $ 61,272 $ 62 $ 444 $ 14,501 $ — $ 840,889 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Owner-occupied Non-watch list – Pass $ 679,662 $ 507,220 $ 208,376 $ 174,352 $ 89,588 $ 154,920 $ 11,627 $ — $ 1,825,745 Watch – Pass 191 10,891 16,493 1,055 1,143 1,572 — — 31,345 Special Mention 93 1,304 — — — — — — 1,397 Substandard 189 33 1,762 2,169 808 2,990 100 — 8,051 Doubtful — — — — — — — — — Total Owner-occupied $ 680,135 $ 519,448 $ 226,631 $ 177,576 $ 91,539 $ 159,482 $ 11,727 $ — $ 1,866,538 Non-owner-occupied Non-watch list – Pass $ 976,097 $ 679,313 $ 536,084 $ 143,243 $ 129,820 $ 219,701 $ 10,969 $ — $ 2,695,227 Watch – Pass 57,052 1,277 55,802 19,248 5,280 2,587 — — 141,246 Special Mention 24,876 8,577 — — — 36,223 — — 69,676 Substandard — — — — — 30 — — 30 Doubtful — — — — — — — — — Total Non-owner-occupied $ 1,058,025 $ 689,167 $ 591,886 $ 162,491 $ 135,100 $ 258,541 $ 10,969 $ — $ 2,906,179 Farmland Non-watch list – Pass $ 40,526 $ |
Securities
Securities | 3 Months Ended |
Mar. 31, 2022 | |
Investments Debt And Equity Securities [Abstract] | |
Securities | 5. Securities Securities Available for Sale This table provides detailed information about securities available for sale at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury $ 388,866 $ 58 $ (6,789 ) $ 382,135 U.S. Agencies 153,489 554 (1,265 ) 152,778 Mortgage-backed 5,679,853 15,184 (286,815 ) 5,408,222 State and political subdivisions 2,101,114 18,327 (72,930 ) 2,046,511 Corporates 381,163 252 (15,330 ) 366,085 Collateralized loan obligations 194,364 12 (14 ) 194,362 Total $ 8,898,849 $ 34,387 $ (383,143 ) $ 8,550,093 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury $ 69,551 $ 374 $ (751 ) $ 69,174 U.S. Agencies 121,681 3,252 (1 ) 124,932 Mortgage-backed 7,967,537 93,390 (95,872 ) 7,965,055 State and political subdivisions 3,270,160 161,674 (9,146 ) 3,422,688 Corporates 316,840 2,504 (1,498 ) 317,846 Collateralized loan obligations 76,815 4 — 76,819 Total $ 11,822,584 $ 261,198 $ (107,268 ) $ 11,976,514 The following table presents contractual maturity information for securities available for sale at March 31, 2022 (in thousands): Amortized Fair Cost Value Due in 1 year or less $ 123,219 $ 123,499 Due after 1 year through 5 years 1,141,112 1,121,962 Due after 5 years through 10 years 699,721 686,107 Due after 10 years 1,254,944 1,210,303 Total 3,218,996 3,141,871 Mortgage-backed securities 5,679,853 5,408,222 Total securities available for sale $ 8,898,849 $ 8,550,093 Securities may be disposed of before contractual maturities due to sales by the Company or because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. For the three months ended March 31, 2022, there were no sales of securities available for sale. For the three months ended March 31, 2021 there were $129.1 million in proceeds from sales of securities available for sale. There were no gross realized gains for the three months ended March 31, 2022. Securities transaction s resulted in gross realized gains of $ million for the three months ended March 3 1 , 20 2 1 . There were no gross realized losses for either the three months ended March 3 1 , 202 2 or 20 2 1 . There were $9.3 billion and $10.2 billion of securities pledged to secure U.S. Government deposits, other public deposits, certain trust deposits, derivative transactions, and repurchase agreements at March 31, 2022 and December 31, 2021, respectively. Of these amounts, $148.7 million and $171.2 million of securities at March 31, 2022 and Accrued interest on securities available for sale totaled $27.1 million and $45.8 million as of March 31, 2022 and December 31, 2021, respectively, and is included in the Accrued income line on the Company’s Consolidated Balance Sheets. The total amount of accrued interest is excluded from the amortized cost of available-for-sale securities presented above. Further, the Company has elected not to measure an ACL for accrued interest receivable. The following table shows the Company’s available-for-sale investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2022 and December 31, 2021 (in thousands): Less than 12 months 12 months or more Total March 31, 2022 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Description of Securities U.S. Treasury 35 $ 364,450 $ (6,789 ) — $ — $ — 35 $ 364,450 $ (6,789 ) U.S. Agencies 5 63,274 (1,265 ) — — — 5 63,274 (1,265 ) Mortgage-backed 659 4,316,175 (269,158 ) 12 207,738 (17,657 ) 671 4,523,913 (286,815 ) State and political subdivisions 1,302 1,043,982 (62,299 ) 60 65,444 (10,631 ) 1,362 1,109,426 (72,930 ) Corporates 241 327,050 (15,230 ) 2 4,044 (100 ) 243 331,094 (15,330 ) Collateralized loan obligations 6 31,220 (14 ) — — — 6 31,220 (14 ) Total 2,248 $ 6,146,151 $ (354,755 ) 74 $ 277,226 $ (28,388 ) 2,322 $ 6,423,377 $ (383,143 ) Less than 12 months 12 months or more Total December 31, 2021 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Description of Securities U.S. Treasury 4 $ 58,867 $ (751 ) — $ — $ — 4 $ 58,867 $ (751 ) U.S. Agencies 1 11,149 (1 ) — — — 1 11,149 (1 ) Mortgage-backed 344 5,404,968 (87,301 ) 13 233,295 (8,571 ) 357 5,638,263 (95,872 ) State and political subdivisions 357 329,042 (6,969 ) 31 44,939 (2,177 ) 388 373,981 (9,146 ) Corporates 152 193,899 (1,498 ) — — — 152 193,899 (1,498 ) Collateralized loan obligations — — — — — — — — — Total 858 $ 5,997,925 $ (96,520 ) 44 $ 278,234 $ (10,748 ) 902 $ 6,276,159 $ (107,268 ) The unrealized losses in the Company’s investments were caused by changes in interest rates, and not from a decline in credit of the underlying issuers. The U.S. Treasury, U.S. Agency, and GSE mortgage-backed securities are all considered to be agency-backed securities with no risk of loss as they are either explicitly or implicitly guaranteed by the U.S. government. The changes in fair value in the agency-backed portfolios are solely driven by change in interest rates caused by changing economic conditions. The Company has no knowledge of any underlying credit issues and the cash flows underlying the debt securities have not changed and are not expected to be impacted by changes in interest rates. For the State and political subdivision portfolio, the majority of the Company’s holdings are in general obligation bonds, which have a very low historical default rate due to issuers generally having unlimited taxing authority to service the debt. For the State and political, Corporate, and Collateralized loan obligations portfolios, the Company has a robust process for monitoring credit risk, including both pre-purchase and ongoing post-purchase credit reviews and analysis. The Company monitors credit ratings of all bond issuers in these segments and reviews available financial data, including market and sector trends. As of March 31, 2022 and December 31, 2021, there was no ACL related to the Company’s available-for-sale securities as the decline in fair value did not result from credit issues. Securities Held to Maturity The following table shows the Company’s held-to-maturity investments’ amortized cost, fair value, and gross unrealized gains and losses at March 31, 2022 and December 31, 2021, respectively (in thousands): March 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Net Carrying Amount U.S. Agencies $ 6,000 $ 4 $ — $ 6,004 $ — $ 6,000 Mortgage-backed 2,490,693 10 (66,501 ) 2,424,202 — 2,490,693 State and political subdivisions 2,105,539 363 (142,653 ) 1,963,249 (2,045 ) 2,103,494 Total $ 4,602,232 $ 377 $ (209,154 ) $ 4,393,455 $ (2,045 ) $ 4,600,187 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Net Carrying Amount Mortgage-backed $ 396,134 $ 14 $ (2,431 ) $ 393,717 $ — $ 396,134 State and political subdivisions 1,084,282 3,346 (38,954 ) 1,048,674 (1,940 ) 1,082,342 Total $ 1,480,416 $ 3,360 $ (41,385 ) $ 1,442,391 $ (1,940 ) $ 1,478,476 The following table presents contractual maturity information for securities held to maturity at March 31, 2022 ( in thousands Amortized Fair Cost Value Due in 1 year or less $ 13,819 $ 13,784 Due after 1 year through 5 years 151,022 144,816 Due after 5 years through 10 years 616,835 579,542 Due after 10 years 1,329,863 1,231,111 Total 2,111,539 1,969,253 Mortgage-backed securities 2,490,693 2,424,202 Total securities held to maturity $ 4,602,232 $ 4,393,455 Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. There were no sales of securities held to maturity during the three months ended March 30, 2022 or 2021. During the first quarter of 2022, securities with an amortized cost of $ 3.0 billion and a fair value of $ 2.9 billion were transferred from the available-for-sale classification to the held-to-maturity classification as the Company has the positive intent and ability to hold these securities to maturity. The transfer of securities was made at fair value at the time of transfer. The unrealized holding loss at the time of transfer is retained in AOCI and will be amortized over the remaining life of the securities, offsetting the related amortization of discount or premium on the transferred securities. No gains or losses were recognized at the time of the transfer. The amortized cost balance of securities held to maturity in the tables above includes a net unamortized unrealized loss of $ 155.7 million at March 31, 2022. Accrued interest on securities held to maturity totaled $17.0 million and $5.3 million as March 31, 2022 and December 31, 2021, respectively, and is included in the Accrued income line on the Company’s Consolidated Balance Sheets. The total amount of accrued interest is excluded from the amortized cost of held-to-maturity securities presented above. Further, the Company has elected not to measure an ACL for accrued interest receivable. The following table shows the Company’s held-to-maturity investments’ gross unrealized losses and fair value, aggregated by length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2022 and December 31, 2021, respectively (in thousands): Less than 12 months 12 months or more Total March 31, 2022 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses U.S. Agencies — $ — $ — — $ — $ — — $ — $ — Mortgage-backed 194 2,404,509 (66,501 ) — — — 194 2,404,509 (66,501 ) State and political subdivisions 1,205 1,625,062 (96,594 ) 41 332,118 (46,059 ) 1,246 1,957,180 (142,653 ) Total 1,399 $ 4,029,571 $ (163,095 ) 41 $ 332,118 $ (46,059 ) 1,440 $ 4,361,689 $ (209,154 ) Less than 12 months 12 months or more Total December 31, 2021 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Mortgage-backed 12 $ 317,887 $ (2,431 ) — $ — $ — 12 $ 317,887 $ (2,431 ) State and political subdivisions 58 585,153 (12,494 ) 28 217,579 (26,460 ) 86 802,732 (38,954 ) Total 70 $ 903,040 $ (14,925 ) 28 $ 217,579 $ (26,460 ) 98 $ 1,120,619 $ (41,385 ) The unrealized losses in the Company’s held-to-maturity portfolio were caused by changes in the interest rate environment. The U.S. Agency and GSE mortgage-backed securities are considered to be agency-backed securities with no risk of loss as they are either explicitly or implicitly guaranteed by the U.S. government. Therefore, the Company’s expected lifetime loss for these portfolios is zero and there is no ACL recorded for this portfolio. The Company has no knowledge of any underlying credit issues and the cash flows underlying the debt securities have not changed and are not expected to be impacted by changes in interest rates. For the State and political subdivision portfolio, the Company’s holdings are in general obligation bonds as well as private placement bonds, which have very low historical default rates due to issuers generally having unlimited taxing authority to service the debt. The Company has a robust process for monitoring credit risk, including both pre-purchase and ongoing post-purchase credit reviews and analysis. The Company monitors credit ratings of all bond issuers in these segments and reviews available financial data, including market and sector trends. The underlying bonds are evaluated for credit losses in conjunction with management’s estimate of the ACL based on credit rating. The following tables show the amortized cost basis by credit rating of the Company’s held-to-maturity investments at March 31, 2022 and December 31, 2021 (in thousands): Amortized Cost Basis by Credit Rating - HTM Debt Securities March 31, 2022 AAA AA A BBB BB CCC-C Total State and political subdivisions: Competitive $ — $ — $ 379,924 $ 560,001 $ 20,219 $ 830 $ 960,974 Utilities 342,489 690,649 81,855 29,572 — — 1,144,565 Total state and political subdivisions $ 342,489 $ 690,649 $ 461,779 $ 589,573 $ 20,219 $ 830 $ 2,105,539 Amortized Cost Basis by Credit Rating - HTM Debt Securities December 31, 2021 A BBB BB CCC-C Total State and political subdivisions: Competitive $ 372,696 $ 605,104 $ 20,678 $ 870 $ 999,348 Utilities 55,096 29,838 — — 84,934 Total state and political subdivisions $ 427,792 $ 634,942 $ 20,678 $ 870 $ 1,084,282 Competitive held-to-maturity securities include not-for-profit enterprises that provide public functions such as housing, higher education or healthcare, but do so in a competitive environment. It also includes project financings that can have relatively high enterprise risk, such as deals backed by revenues from sports or convention facilities or start-up transportation ventures. Utilities are public enterprises providing essential services with a monopoly or near-monopoly over the service area. This includes environmental utilities (water, sewer, solid waste), power utilities (electric distribution and generation, gas), and transportation utilities (airports, parking, toll roads, mass transit, ports). All held-to-maturity securities were current and not past due at March 31, 2022. The following table presents the aging of past due held-to-maturity securities at December 31, 2021 ( in thousands December 31, 2021 30-89 Days Past Due and Accruing Greater than 90 Days Past Due and Accruing Non- Accrual Total Past Due Current Total State and political subdivisions: Competitive $ 7,795 $ — $ — $ 7,795 $ 991,553 $ 999,348 Utilities — — — — 84,934 84,934 Total state and political subdivisions $ 7,795 $ — $ — $ 7,795 $ 1,076,487 $ 1,084,282 Trading Securities There were net unrealized losses on trading securities of $280 thousand and net unrealized losses of $40 thousand at March 31, 2022 and 2021, respectively. Net unrealized gains and losses are included in trading and investment banking income on the Company’s Consolidated Statements of Income. Securities sold not yet purchased totaled $ million and $ million at March 31 , 20 2 2 and December 31, 20 2 1 , respectively, and are classified within the Other liabilities line of the Company’s Consolidated Balance Sheets. Other Securities The table below provides detailed information for Other securities at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 December 31, 2021 FRB and FHLB stock $ 36,222 $ 36,222 Equity securities with readily determinable fair values 53,056 64,149 Equity securities without readily determinable fair values 242,845 226,727 Total $ 332,123 $ 327,098 Investment in FRB stock is based on the capital structure of the investing bank, and investment in FHLB stock is mainly tied to the level of borrowings from the FHLB. These holdings are carried at cost. Equity securities with readily determinable fair values are generally traded on an exchange and market prices are readily available. Equity securities without readily determinable fair values include equity investments which are held by a subsidiary qualified as a Small Business Investment Company, as well as investments in low-income housing partnerships within the areas the Company serves. Unrealized gains or losses on equity securities with and without readily determine fair values are recognized in the Investment securities losses, net line of the Company’s Consolidated Statements of Income. Investment Securities Losses, Net The table below presents the components of Investments securities losses, net for the three months ended March 31, 2022 and March 31, 2021 (in thousands): Three Months Ended March 31, 2022 2021 Investment securities losses, net Available-for-sale debt securities: Gains realized on sales $ — $ 2,720 Equity securities with readily determinable fair values: Fair value adjustments, net (1,722 ) (13,918 ) Equity securities without readily determinable fair values: Fair value adjustments, net 1,200 2,862 Total investment securities losses, net $ (522 ) $ (8,336 ) |
Goodwill and Other Intangibles
Goodwill and Other Intangibles | 3 Months Ended |
Mar. 31, 2022 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangibles | 6. Goodwill and Other Intangibles Changes in the carrying amount of goodwill for the periods ended March 31, 2022 and December 31, 2021 by reportable segment are as follows (in thousands): Commercial Banking Institutional Banking Personal Banking Total Balances as of January 1, 2022 $ 59,419 $ 51,332 $ 63,767 $ 174,518 Branch acquisition 3,694 — 4,013 7,707 Balances as of March 31, 2022 $ 63,113 $ 51,332 $ 67,780 $ 182,225 Balances as of January 1, 2021 $ 59,419 $ 51,332 $ 70,116 $ 180,867 Sale of component of business segment — — (6,349 ) (6,349 ) Balances as of December 31, 2021 $ 59,419 $ 51,332 $ 63,767 $ 174,518 The following table lists the finite-lived intangible assets that continue to be subject to amortization as of March 31, 2022 and December 31, 2021 (in thousands) As of March 31, 2022 Core Deposit Intangible Assets Customer Relationships Total Gross carrying amount $ 50,059 $ 73,512 $ 123,571 Accumulated amortization 49,781 58,100 107,881 Net carrying amount $ 278 $ 15,412 $ 15,690 As of December 31, 2021 Core Deposit Intangible Assets Customer Relationships Total Gross carrying amount $ 50,059 $ 71,167 $ 121,226 Accumulated amortization 49,623 57,187 106,810 Net carrying amount $ 436 $ 13,980 $ 14,416 On March 28, 2022, the Company acquired a bank branch. Included in the branch acquisition were $42.9 million in loans and $234.5 million of deposits. The purchase resulted in recognition of $7.7 million of goodwill and a $2.3 million core deposit intangible asset. On March 31, 2021, the Company sold its membership interests in its Prairie Capital Management, LLC and UMB Merchant Banc, LLC subsidiaries, a component of its Personal Banking segment. The sale included disposition of $6.3 million of goodwill and $1.9 million of net unamortized customer relationship intangibles. The following table has the aggregate amortization expense recognized in each period (in thousands) Three Months Ended March 31, 2022 2021 Aggregate amortization expense $ 1,071 $ 1,380 The following table lists estimated amortization expense of intangible assets in future periods (in thousands): For the nine months ending December 31, 2022 $ 3,408 For the year ending December 31, 2023 3,899 For the year ending December 31, 2024 3,169 For the year ending December 31, 2025 2,962 For the year ending December 31, 2026 2,103 |
Securities Sold Under Agreement
Securities Sold Under Agreements to Repurchase | 3 Months Ended |
Mar. 31, 2022 | |
Federal Funds Purchased And Securities Sold Under Agreements To Repurchase [Abstract] | |
Securities Sold Under Agreements to Repurchase | 7. Securities Sold Under Agreements to Repurchase The Company utilizes repurchase agreements to facilitate the needs of customers and to facilitate secured short-term funding needs. Repurchase agreements are stated at the amount of cash received in connection with the transaction. The Company monitors collateral levels on a continuous basis and may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with the Company’s safekeeping agents. The table below presents the remaining contractual maturities of repurchase agreements outstanding at March 31, 2022 and December 31, 2021, in addition to the various types of marketable securities that have been pledged as collateral for these borrowings (in thousands): As of March 31, 2022 Remaining Contractual Maturities of the Agreements Overnight 2-29 Days 30-90 Days Over 90 Days Total Repurchase agreements, secured by: U.S. Treasury $ 74,523 $ — $ — $ — $ 74,523 U.S. Agencies 2,210,192 171,106 298,422 500 2,680,220 Total repurchase agreements $ 2,284,715 $ 171,106 $ 298,422 $ 500 $ 2,754,743 As of December 31, 2021 Remaining Contractual Maturities of the Agreements 2-29 Days 30-90 Days Over 90 Days Total Repurchase agreements, secured by: U.S. Agencies $ 2,820,788 $ 404,800 $ 250 $ 3,225,838 Total repurchase agreements $ 2,820,788 $ 404,800 $ 250 $ 3,225,838 |
Business Segment Reporting
Business Segment Reporting | 3 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Business Segment Reporting | 8. Business Segment Reporting The Company has strategically aligned its operations into the following three reportable segments: Commercial Banking, Institutional Banking, and Personal Banking (collectively, the Business Segments, and each, a Business Segment). The Company’s senior executive officers regularly evaluate the Business Segment financial results produced by the Company’s internal reporting system in deciding how to allocate resources and assess performance for individual Business Segments. For comparability purposes, amounts in all periods are based on methodologies in effect at March 31, 2022. Previously reported results have been reclassified in this Form 10-Q to conform to the Company’s current organizational structure. The following summaries provide information about the activities of each Business Segment: Commercial Banking serves the commercial banking and treasury management needs of the Company’s small to middle-market businesses through a variety of products and services. Such services include commercial loans, commercial real estate financing, commercial credit cards, letters of credit, loan syndication services, and consultative services. In addition, the Company’s specialty lending group offers a variety of business solutions including asset-based lending, accounts receivable financing, mezzanine debt and minority equity investments. Treasury management services include depository services, account reconciliation and cash management tools such as, accounts payable and receivable solutions, electronic funds transfer and automated payments, controlled disbursements, lockbox services and remote deposit capture services. Institutional Banking is a combination of banking services, fund services, asset management services and healthcare services provided to institutional clients. This segment also provides fixed income sales, trading and underwriting, corporate trust and escrow services, as well as institutional custody. Institutional Banking includes UMB Fund Services, which provides fund administration and accounting, investor services and transfer agency, marketing and distribution, custody, and alternative investment services. Healthcare services provides healthcare payment solutions including custodial services for health savings accounts (HSAs) and private label, multipurpose debit cards to insurance carriers, third-party administrators, software companies, employers, and financial institutions . Personal Banking combines consumer banking and wealth management services offered to clients and delivered through personal relationships and the Company’s bank branches, ATM network and internet banking. Products offered include deposit accounts, retail credit cards, installment loans, home equity lines of credit, residential mortgages, and small business loans. The range of client services extends from a basic checking account to estate planning and trust services and includes private banking, brokerage services, and insurance services in addition to a full spectrum of investment advisory, trust, and custody services. Business Segment Information Business Segment financial results for the three months ended March 31, 2022 and March 31, 2021 were as follows (in thousands): Three Months Ended March 31, 2022 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 145,002 $ 26,253 $ 39,100 $ 210,355 Provision for credit losses (7,040 ) 151 389 (6,500 ) Noninterest income 26,707 73,262 23,709 123,678 Noninterest expense 79,596 75,592 59,590 214,778 Income before taxes 99,153 23,772 2,830 125,755 Income tax expense 15,606 3,741 445 19,792 Net income $ 83,547 $ 20,031 $ 2,385 $ 105,963 Average assets $ 16,827,000 $ 14,677,000 $ 7,650,000 $ 39,154,000 Three Months Ended March 31, 2021 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 136,410 $ 22,138 $ 35,567 $ 194,115 Provision for credit losses (8,178 ) 220 458 (7,500 ) Noninterest income 8,176 68,421 32,300 108,897 Noninterest expense 69,725 71,282 59,939 200,946 Income before taxes 83,039 19,057 7,470 109,566 Income tax expense 12,826 2,943 1,154 16,923 Net income $ 70,213 $ 16,114 $ 6,316 $ 92,643 Average assets $ 14,204,000 $ 11,603,000 $ 7,245,000 $ 33,052,000 |
Revenue Recognition
Revenue Recognition | 3 Months Ended |
Mar. 31, 2022 | |
Revenue From Contract With Customer [Abstract] | |
Revenue Recognition | 9. Revenue Recognition The following is a description of the principal activities from which the Company generates revenue that are within the scope of ASC Topic 606, Revenue from Contracts with Customers Trust and securities processing – Trust and securities processing income consists of fees earned on personal and corporate trust accounts, custody of securities services, trust investments and wealth management services, and mutual fund and alternative asset servicing. The performance obligations related to this revenue include items such as performing full bond trustee service administration, investment advisory services, custody and record-keeping services, and fund administrative and accounting services. These fees are part of long-term contractual agreements and t he performance obligations are satisfied upon completion of service and fees are generally a fixed flat monthly rate or based on a percentage of the account’s market value per the contract with the customer. These fees are primarily recorded within the Company’s Institutional and Personal Banking segments. Trading and investment banking – Trading and investment banking income consists of income earned related to the Company’s trading securities portfolio, including futures hedging, dividends, bond underwriting, and other securities incomes. The vast majority of this revenue is recognized in accordance with ASC 320, , and is out of the scope of ASC 606. A portion of trading and investment banking represents fees earned for management fees, commissions, and underwriting of corporate bond issuances. The performance obligations related to these fees include reviewing the credit worthiness of the customer, ensuring appropriate regulatory approval and participating in due diligence. The fees are fixed per the bond prospectus and the performance obligations are satisfied upon registration approval of the bonds by the applicable regulatory agencies. Revenue is recognized at the point in time upon completion of service and when approval is granted by the regulators. Service charges on deposits – Service charges on deposit accounts represent monthly analysis fees recognized for the services related to customer deposit accounts, including account maintenance and depository transactions processing fees. Commercial Banking and Institutional Banking depository accounts charge fees in accordance with the customer’s pricing schedule while Personal Banking account holders are generally charged a flat service fee per month. Deposit service charges for the healthcare accounts included in the Institutional Banking segment are priced according to either standard pricing schedules with individual account holders or according to service agreements between the Company and employer groups or third party administrators. The Company satisfies the performance obligation related to providing depository accounts monthly as transactions are processed and deposit service charge revenue is recorded monthly. These fees are recognized within all Business Segments. Insurance fees and commissions – Insurance fees and commissions includes all insurance-related fees earned, including commissions for individual life, variable life, group life, health, group health, fixed annuity, and variable annuity insurance contracts. The performance obligations related to these revenues primarily represent the placement of insurance policies with the insurance company partners. The fees are based on the contracts with insurance company partners and the performance obligations are satisfied when the terms of the policy have been agreed to and the insurance policy becomes effective. Brokerage fees – Brokerage fees represent income earned related to providing brokerage transaction services, including commissions on equity and commodity trades, and fees for investment management, advisory and administration. The performance obligations related to transaction services are executing the specified trade and are priced according to the customer’s fee schedule. Such income is recognized at a point in time as the trade occurs and the performance obligation is fulfilled. The performance obligations related to investment management, advisory and administration include allocating customer assets across a wide range of mutual funds and other investments, on-going account monitoring and re-balancing of the portfolio. These performance obligations are satisfied over time and the related revenue is calculated monthly based on the assets under management of each customer. All material performance obligations are satisfied as of the end of each accounting period. Bankcard fees – Bankcard fees primarily represent income earned from interchange revenue from MasterCard and Visa for the Company’s processing of debit, credit, HSA, and flexible spending account transactions. Additionally, the Company earns income and incentives related to various referrals of customers to card programs. The performance obligation for interchange revenue is the processing of each transaction through the Company’s access to the banking system. This performance obligation is completed for each individual transaction and income is recognized per transaction in accordance with interchange rates established by MasterCard and Visa. The performance obligations for various referral and incentive programs include either referring customers to certain card products or issuing exclusively branded cards for certain customer segments. The pricing of these incentive and referral programs are in accordance with the agreement with the individual card partner. These performance obligations are completed as the referrals are made or over a period of time when the Company is exclusively issuing branded cards. For the three months ended March 31, 2022 and March 31, 2021, the Company had $8.1 million and $7.8 million of expense, respectively, recorded within the Bankcard fees line on the Company’s Consolidated Income Statements related to rebates and rewards programs that are outside of the scope of ASC 606. All material performance obligations are satisfied as of the end of each accounting period. Investment securities losses, net – In the regular course of business, the Company recognizes gains on the sale of available-for-sale securities. Additionally, the Company recognizes gains and losses on equity securities with readily determinable fair values and equity securities without readily determinable fair values. These gains and losses are recognized in accordance with ASC 321, , and are outside of the scope of ASC 606. Other income – The Company recognizes other miscellaneous income through a variety of other revenue streams, the most material of which include letter of credit fees, certain loan origination fees, gains on the sale of assets, derivative income, and bank-owned and company-owned life insurance income. These revenue streams are outside of the scope of ASC 606 and are recognized in accordance with the applicable U.S. GAAP. The remainder of Other income is primarily earned through transactions with personal banking customers, including wire transfer service charges, stop payment charges, and fees for items like money orders and cashier’s checks. The performance obligations of these types of fees are satisfied as transactions are completed and revenue is recognized upon transaction execution according to established fee schedules with the customers. The Company had no material contract assets, contract liabilities, or remaining performance obligations as of March 31, 2022. Total receivables from revenue recognized under the scope of ASC 606 were $81.5 million and $73.6 million as of March 31, 2022 and December 31, 2021, respectively. These receivables are included as part of the Other assets line on the Company’s Consolidated Balance Sheets. The following table depicts the disaggregation of noninterest income according to revenue stream and Business Segment for the three months ended March 31, 2022 and March 31, 2021. As stated in Note 8, “Business Segment Reporting,” for comparability purposes, amounts in all periods are based on methodologies in effect at March 31, 2022 and previously reported results have been reclassified in this Form 10-Q to conform to the Company’s current organizational structure. Disaggregated revenue is as follows (in thousands): Three Months Ended March 31, 2022 NONINTEREST INCOME Commercial Banking Institutional Banking Personal Banking Revenue (Expense) out of Scope of ASC 606 Total Trust and securities processing $ — $ 45,485 $ 14,043 $ — $ 59,528 Trading and investment banking — 155 — 5,285 5,440 Service charges on deposit accounts 8,945 13,890 1,737 70 24,642 Insurance fees and commissions — — 259 — 259 Brokerage fees 33 1,484 1,939 — 3,456 Bankcard fees 13,974 5,331 5,220 (7,890 ) 16,635 Investment securities losses, net — — — (522 ) (522 ) Other 164 424 686 12,966 14,240 Total Noninterest income $ 23,116 $ 66,769 $ 23,884 $ 9,909 $ 123,678 Three Months Ended March 31, 2021 NONINTEREST INCOME Commercial Banking Institutional Banking Personal Banking Revenue (Expense) out of Scope of ASC 606 Total Trust and securities processing $ — $ 37,485 $ 17,349 $ — $ 54,834 Trading and investment banking — 301 — 9,055 9,356 Service charges on deposit accounts 7,905 12,577 1,424 70 21,976 Insurance fees and commissions — — 420 — 420 Brokerage fees 64 1,319 1,951 — 3,334 Bankcard fees 12,535 4,813 4,941 (7,616 ) 14,673 Investment securities losses, net — — — (8,336 ) (8,336 ) Other 231 404 669 11,336 12,640 Total Noninterest income $ 20,735 $ 56,899 $ 26,754 $ 4,509 $ 108,897 |
Commitments, Contingencies and
Commitments, Contingencies and Guarantees | 3 Months Ended |
Mar. 31, 2022 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments, Contingencies and Guarantees | 10. Commitments, Contingencies and Guarantees In the normal course of business, the Company is party to financial instruments with off-balance-sheet risk in order to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, commercial letters of credit, standby letters of credit, forward foreign exchange contracts and spot foreign exchange contracts. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the Consolidated Balance Sheets. The contractual or notional amount of those instruments reflects the extent of involvement the Company has in particular classes of financial instruments. Many of the commitments expire without being drawn upon; therefore, the total amount of these commitments does not necessarily represent the future cash requirements of the Company. The Company’s exposure to credit loss in the event of nonperformance by the counterparty to the financial instruments for commitments to extend credit, commercial letters of credit, and standby letters of credit is represented by the contract or notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The following table summarizes the Company’s off-balance sheet financial instruments (in thousands): Contract or Notional Amount March 31, December 31, 2022 2021 Commitments to extend credit for loans (excluding credit card loans) $ 10,214,525 $ 10,122,617 Commitments to extend credit under credit card loans 3,809,495 3,743,165 Commercial letters of credit 4,501 2,754 Standby letters of credit 414,036 365,030 Forward contracts 8,127 9,729 Spot foreign exchange contracts 12,148 2,946 Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancelable by the Company. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The estimate is based on expected utilization rates by portfolio segment. Utilization rates are influenced by historical trends and current conditions. The expected utilization rates are applied to the total commitment to determine the expected amount to be funded. The allowance for off-balance sheet credit exposure is calculated by applying portfolio segment expected credit loss rates to the expected amount to be funded. The following categories of off-balance sheet credit exposures have been identified: Revolving Lines of Credit: includes commercial, construction, agriculture, personal, and home-equity. Risks inherent to revolving lines of credit often are related to the susceptibility of an individual or business experiencing unpredictable cash flow or financial troubles, thus leading to payment default. During these financial troubles, the borrower could have less than desirable assets collateralizing the revolving line of credit. The financial strain the borrower is experiencing could lead to drawing against the line without the ability to pay the line down. Non-Revolving Lines of Credit: includes commercial and personal. Lines that do not carry a revolving feature are generally associated with a specific expenditure or project, such as to purchase equipment or the construction of real estate. The predominate risk associated with non-revolving lines is the diversion of funds for other expenditures. If funds get diverted, the contributory value to collateral suffers. Letters of Credit: includes standby letters of credit. Generally, a standby letter of credit is established to provide assurance to the beneficiary that the applicant will perform certain obligations arising out of a separate transaction between the beneficiary and applicant. These obligations might be the performance of a service or delivery of a product. If the obligations are not met, it gives the beneficiary, the right to draw on the letter of credit. The ACL for off-balance sheet credit exposures was $3.1 million and $2.6 million as of March 31, 2022 and December 31, 2021, respectively, and was recorded in the Accrued expenses and taxes line of the Company’s Consolidated Balance Sheets. Provision for off-balance sheet credit exposures of $500 thousand was recorded for the three months ended March 31, 2022. No provision for off-balance sheet credit exposures was recorded for the three months ended March 31, 2021. |
Derivatives and Hedging Activit
Derivatives and Hedging Activities | 3 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivatives and Hedging Activities | 11. Derivatives and Hedging Activities Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s loans and borrowings. The Company also has interest rate derivatives that result from a service provided to certain qualifying customers and, therefore, are not used to manage interest rate risk of the Company’s assets or liabilities. The Company has entered into an offsetting position for each of these derivative instruments with a matching instrument from another financial institution in order to minimize its net risk exposure resulting from such transactions. Fair Values of Derivative Instruments on the Consolidated Balance Sheets The table below presents the fair value of the Company’s derivative financial instruments as of March 31, 2022 and December 31, 2021. The Company’s derivative assets and derivative liabilities are located within Other assets and Other liabilities, respectively, on the Company’s Consolidated Balance Sheets. Derivative fair values are determined using valuation techniques including discounted cash flow analysis on the expected cash flows from each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. This table provides a summary of the fair value of the Company’s derivative assets and liabilities as of March 31, 2022 and December 31, 2021 ( in thousands Derivative Assets Derivative Liabilities March 31, December 31, March 31, December 31, Fair Value 2022 2021 2022 2021 Interest Rate Products: Derivatives not designated as hedging instruments $ 19,113 $ 57,134 $ 43,016 $ 13,944 Derivatives designated as hedging instruments 860 546 — — Total $ 19,973 $ 57,680 $ 43,016 $ 13,944 Fair Value Hedges of Interest Rate Risk The Company is exposed to changes in the fair value of certain of its fixed-rate assets and liabilities due to changes in the benchmark interest rate, London Interbank Offered Rate (LIBOR). Interest rate swaps designated as fair value hedges involve making fixed rate payments to a counterparty in exchange for the Company receiving variable rate payments over the life of the agreements without the exchange of the underlying notional amount. As of both March 31, 2022 and December 31, 2021, the Company had 10 interest rate swaps that were designated as fair value hedges of interest rate risk associated with the Company’s municipal bond securities. These swaps had an aggregate notional amount of $1.0 billion at both March 31, 2022 and December 31, 2021. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in Interest income in the Consolidated Statements of Income. Cash Flow Hedges of Interest Rate Risk The Company’s objective in using interest rate derivatives is to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps and floors as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. As of March 31, 2022 and December 31, 2021, the Company had two interest rate swaps that were designated as cash flow hedges of interest rate risk associated with the Company’s variable-rate subordinated debentures issued by Marquette Capital Trusts III and IV. These swaps had an aggregate notional amount of $51.5 million at both March 31, 2022 and December 31, 2021. Interest rate floors designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty if interest rates fall below the strike rate on the contract in exchange for an upfront premium. On August 28, 2020, the Company terminated an interest rate floor with a notional amount of $750.0 million. At the date of termination, the interest rate floor had a net asset fair value of $34.1 million. The gross unrealized gain on the terminated interest rate floor remaining in AOCI was $11.2 million, or $8.4 million net of tax, and $12.3 million, or $9.4 million net of tax, as of March 31, 2022 and December 31, 2021, respectively. The unrealized gain will be reclassified into Interest income as the underlying forecasted transactions impact earnings through the original maturity of the hedged forecasted transactions. The total remaining term over which the unrealized gain will be reclassified into earnings is 2.4 years. For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in AOCI and is subsequently reclassified into interest expense and interest income in the period during which the hedged forecasted transaction affects earnings. Amounts reported in AOCI related to interest rate swap derivatives will be reclassified to Interest expense as interest payments are received or paid on the Company’s hedged items. Amounts reported in AOCI related to interest rate floor derivatives will be reclassified to Interest income as interest payments are received or paid on the Company’s hedged items. The Company expects to reclassify $442 thousand from AOCI to Interest expense and $5.1 million from AOCI to Interest income during the next 12 months. As of March 31, 202 2 , the Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of 14.5 years . Non-designated Hedges The remainder of the Company’s derivatives are not designated in qualifying hedging relationships. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously offset by interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The changes in the fair value of both the customer swaps and the offsetting swaps are recognized in Other noninterest expense in the Consolidated Statements of Income. As of March 31, 2022, the Company had 204 interest rate swaps with an aggregate notional amount of $3.3 billion related to this program. As of December 31, 2021, the Company had 188 interest rate swaps with an aggregate notional amount of $2.9 billion. Effect of Derivative Instruments on the Consolidated Statements of Income and Accumulated Other Comprehensive Income This table provides a summary of the amount of gain or loss recognized in Interest income and Other noninterest expense in the Consolidated Statements of Income related to the Company’s derivative assets and liabilities for the three months ended March 31, 2022 and March 31, 2021 (in thousands) Amount of Gain (Loss) Recognized For the Three Months Ended March 31, March 31, 2022 2021 Interest Rate Products Derivatives not designated as hedging instruments $ 183 $ 489 Total $ 183 $ 489 Interest Rate Products Derivatives designated as hedging instruments: Fair value adjustments on derivatives $ 36,676 $ 9,328 Fair value adjustments on hedged items (36,058 ) (9,251 ) Total $ 618 $ 77 These tables provide a summary of the effect of hedges on AOCI in the Consolidated Statements of Comprehensive Income related to the Company’s derivative assets and liabilities for the three months ended March 31, 2022 and March 31, 2021 (in thousands) For the Three Months Ended March 31, 2022 Derivatives in Cash Flow Hedging Relationships Gain Recognized in OCI on Derivative Gain Recognized in OCI Included Component Gain Recognized in OCI Excluded Component Gain (Loss) Reclassified from AOCI into Earnings Gain (Loss) Reclassified from AOCI into Earnings Included Component Loss Reclassified from AOCI into Earnings Excluded Component Interest rate floor $ — $ — $ — $ 1,163 $ 1,718 $ (555 ) Interest rate swaps 4,680 4,680 — (312 ) (312 ) — Total $ 4,680 $ 4,680 $ — $ 851 $ 1,406 $ (555 ) For the Three Months Ended March 31, 2021 Derivatives in Cash Flow Hedging Relationships Gain Recognized in OCI on Derivative Gain Recognized in OCI Included Component Gain Recognized in OCI Excluded Component Gain (Loss) Reclassified from AOCI into Earnings Gain (Loss) Reclassified from AOCI into Earnings Included Component Loss Reclassified from AOCI into Earnings Excluded Component Interest rate floor $ — $ — $ — $ 1,166 $ 1,721 $ (555 ) Interest rate swaps 6,503 6,503 — (324 ) (324 ) — Total $ 6,503 $ 6,503 $ — $ 842 $ 1,397 $ (555 ) Credit-risk-related Contingent Features The Company has agreements with certain of its derivative counterparties that contain a provision that if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. As of March 31, 2022, the termination value of derivatives in a net liability position, which includes accrued interest, related to these agreements was $2.9 million. The Company has minimum collateral posting thresholds with certain of its derivative counterparties. At March 31, 2022, the Company had posted $11.3 million of collateral. If the Company had breached any of these provisions at March 31, 2022, it could have been required to settle its obligations under the agreements at the termination value. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 12. Fair Value Measurements The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2022, and December 31, 2021, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Fair values determined by Level 1 inputs utilize quoted prices in active markets for identical assets and liabilities that the Company has the ability to access. Fair values determined by Level 2 inputs utilize inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the hierarchy. In such cases, the fair value is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 (in thousands): Fair Value Measurement at March 31, 2022 Description March 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets U.S. Treasury $ 602 $ 602 $ — $ — State and political subdivisions 15,474 — 15,474 — Corporates 800 800 — — Trading – other 183 183 — — Trading securities 17,059 1,585 15,474 — U.S. Treasury 382,135 382,135 — — U.S. Agencies 152,778 — 152,778 — Mortgage-backed 5,408,222 — 5,408,222 — State and political subdivisions 2,046,511 — 2,046,511 — Corporates 366,085 366,085 — — Collateralized loan obligations 194,362 — 194,362 — Available-for-sale securities 8,550,093 748,220 7,801,873 — Equity securities with readily determinable fair values 53,056 53,056 — — Company-owned life insurance 65,094 — 65,094 — Bank-owned life insurance 501,308 — 501,308 — Derivatives 19,973 — 19,973 — Total $ 9,206,583 $ 802,861 $ 8,403,722 $ — Liabilities Derivatives $ 43,016 $ — $ 43,016 $ — Securities sold not yet purchased 1,621 — 1,621 — Total $ 44,637 $ — $ 44,637 $ — Fair Value Measurement at December 31, 2021 Description December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets U.S. Treasury $ 1,625 $ 1,625 $ — $ — U.S. Agencies 2,159 — 2,159 — Mortgage-backed 2,060 — 2,060 — State and political subdivisions 21,671 — 21,671 — Corporates 4,000 4,000 — — Trading – other 360 360 — — Trading securities 31,875 5,985 25,890 — U.S. Treasury 69,174 69,174 — — U.S. Agencies 124,932 — 124,932 — Mortgage-backed 7,965,055 — 7,965,055 — State and political subdivisions 3,422,688 — 3,422,688 — Corporates 317,846 317,846 — — Collateralized loan obligations 76,819 — 76,819 — Available for sale securities 11,976,514 387,020 11,589,494 — Equity securities with readily determinable fair values 64,149 64,149 — — Company-owned life insurance 65,245 — 65,245 — Bank-owned life insurance 498,373 — 498,373 — Derivatives 57,680 — 57,680 — Total $ 12,693,836 $ 457,154 $ 12,236,682 $ — Liabilities Derivatives $ 13,944 $ — $ 13,944 $ — Securities sold not yet purchased 3,197 — 3,197 — Total $ 17,141 $ — $ 17,141 $ — Valuation methods for instruments measured at fair value on a recurring basis The following methods and assumptions were used to estimate the fair value of each class of financial instruments measured on a recurring basis: Trading Securities Fair values for trading securities (including financial futures), are based on quoted market prices where available. If quoted market prices are not available, fair values are based on quoted market prices for similar securities. Available-for-Sale Securities Fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Prices are provided by third-party pricing services and are based on observable market inputs. On an annual basis, the Company compares a sample of these prices to other independent sources for the same securities. Additionally, throughout the year, if securities are sold, comparisons are made between the pricing services prices and the market prices at which the securities were sold. Variances are analyzed, and, if appropriate, additional research is conducted with the third-party pricing services. Based on this research, the pricing services may affirm or revise their quoted price. No significant adjustments have been made to the prices provided by the pricing services. The pricing services also provide documentation on an ongoing basis that includes reference data, inputs and methodology by asset class, which is reviewed to ensure that security placement within the fair value hierarchy is appropriate. Equity securities with readily determinable fair values Fair values are based on quoted market prices. Company-owned Life Insurance Fair value is equal to the cash surrender value of the life insurance policies. Bank-owned Life Insurance Fair value is equal to the cash surrender value of the life insurance policies. Derivatives Fair values are determined using valuation techniques including discounted cash flow analysis on the expected cash flows from each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Securities sold not yet purchased Fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Prices are provided by third-party pricing services and are based on observable market inputs. Assets measured at fair value on a non-recurring basis as of March 31, 2022 and December 31, 2021 (in thousands): Fair Value Measurement at March 31, 2022 Using Description March 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Losses Recognized During the Three Months Ended March 31 Collateral dependent assets $ 10,916 $ — $ — $ 10,916 $ (6,278 ) Other real estate owned — — — — — Total $ 10,916 $ — $ — $ 10,916 $ (6,278 ) Fair Value Measurement at December 31, 2021 Using Description December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Gains Recognized During the Twelve Months Ended December 31 Collateral dependent assets $ 46,979 $ — $ — $ 46,979 $ 1,521 Other real estate owned — — — — — Total $ 46,979 $ — $ — $ 46,979 $ 1,521 Valuation methods for instruments measured at fair value on a non-recurring basis The following methods and assumptions were used to estimate the fair value of each class of financial instruments measured on a non-recurring basis: Collateral Dependent Assets Collateral dependent assets are assets evaluated as part of the ACL on an individual basis. Those assets for which there is an associated allowance are considered financial assets measured at fair value on a non-recurring basis. Adjustments are recorded on certain assets to reflect write-downs that are based on the external appraised value of the underlying collateral. The external appraisals are generally based on recent sales of comparable properties which are then adjusted for the unique characteristics of the property being valued. In the case of non-real estate collateral, reliance is placed on a variety of sources, including external estimates of value and judgments based on the experience and expertise of internal specialists within the Company’s property management group and the Company’s credit department. The valuations of the collateral dependent assets are reviewed on a quarterly basis. Because many of these inputs are not observable, the measurements are classified as Level 3. Other real estate owned Other real estate owned consists of loan collateral which has been repossessed through foreclosure. This collateral is comprised of commercial and residential real estate and other non-real estate property, including auto, recreational and marine vehicles. Other real estate owned is recorded as held for sale initially at the fair value of the collateral less estimated selling costs. The initial valuation of the foreclosed property is obtained through an appraisal process similar to the process described in the impaired loans paragraph above. Subsequent to foreclosure, valuations are reviewed quarterly and updated periodically, and the assets may be marked down further, reflecting a new cost basis. Fair value measurements may be based upon appraisals, third-party price opinions, or internally developed pricing methods and those measurements are classified as Level 3. Fair value disclosures require disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The estimated fair value of the Company’s financial instruments at March 31, 2022 and December 31, 2021 are as follows (in thousands): Fair Value Measurement at March 31, 2022 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value FINANCIAL ASSETS Cash and short-term investments $ 8,033,522 $ 6,715,213 $ 1,318,309 $ — $ 8,033,522 Securities available for sale 8,550,093 748,220 7,801,873 — 8,550,093 Securities held to maturity (exclusive of allowance for credit losses) 4,602,232 — 4,393,455 — 4,393,455 Trading securities 17,059 1,585 15,474 — 17,059 Other securities 332,123 53,056 279,067 — 332,123 Loans (exclusive of allowance for credit losses) 17,732,083 — 17,820,959 — 17,820,959 Derivatives 19,973 — 19,973 — 19,973 FINANCIAL LIABILITIES Demand and savings deposits 33,775,532 33,775,532 — — 33,775,532 Time deposits 587,033 — 587,033 — 587,033 Other borrowings 2,840,535 85,791 2,754,744 — 2,840,535 Long-term debt 272,036 — 278,844 — 278,844 Derivatives 43,016 — 43,016 — 43,016 OFF-BALANCE SHEET ARRANGEMENTS Commitments to extend credit for loans 2,167 Commercial letters of credit 47 Standby letters of credit 924 Fair Value Measurement at December 31, 2021 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value FINANCIAL ASSETS Cash and short-term investments $ 10,472,084 $ 9,255,727 $ 1,216,357 $ — $ 10,472,084 Securities available for sale 11,976,514 387,020 11,589,494 — 11,976,514 Securities held to maturity (exclusive of allowance for credit losses) 1,480,416 — 1,442,391 — 1,442,391 Trading securities 31,875 5,985 25,890 — 31,875 Other securities 327,098 64,149 262,949 — 327,098 Loans (exclusive of allowance for credit losses) 17,172,148 — 17,506,662 — 17,506,662 Derivatives 57,680 — 57,680 — 57,680 FINANCIAL LIABILITIES Demand and savings deposits 34,748,286 34,748,286 — — 34,748,286 Time deposits 851,641 — 851,641 — 851,641 Other borrowings 3,238,435 12,597 3,225,838 — 3,238,435 Long-term debt 271,544 — 285,961 — 285,961 Derivatives 13,944 — 13,944 — 13,944 OFF-BALANCE SHEET ARRANGEMENTS Commitments to extend credit for loans 7,841 Commercial letters of credit 179 Standby letters of credit 3,553 Cash and short-term investments The carrying amounts of cash and due from banks, federal funds sold and resell agreements are reasonable estimates of their fair values. Securities held to maturity For U.S. Agency and mortgage-backed securities, as well as general obligation bonds in the State and political subdivision portfolio, fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Prices are provided by third-party pricing services and are based on observable market inputs. On an annual basis, the Company compares a sample of these prices to other independent sources for the same securities. Variances are analyzed, and, if appropriate, additional research is conducted with the third-party pricing services. Based on this research, the pricing services may affirm or revise their quoted price. No significant adjustments have been made to the prices provided by the pricing services. The pricing services also provide documentation on an ongoing basis that includes reference data, inputs and methodology by asset class, which is reviewed to ensure that security placement within the fair value hierarchy is appropriate. For private placement bonds in the State and political subdivision portfolio, fair values are estimated by discounting the future cash flows using current market rates. Other securities Amount consists of FRB and FHLB stock held by the Company, equity securities with readily determinable fair values, and equity securities without readily determinable fair values, including equity-method investments and other miscellaneous investments. The carrying amount of the FRB and FHLB stock equals its fair value because the shares can only be redeemed by the FRB and FHLB at their carrying amount. Equity securities with readily determinable fair values are measured at fair value using quoted market prices. Equity securities without readily determinable fair values are carried at cost, which approximates fair value. Loans Fair values are estimated for portfolios with similar financial characteristics. Loans are segregated by type, such as commercial, real estate, consumer, and credit card. Each loan category is further segmented into fixed and variable interest rate categories. The fair value of loans are estimated by discounting the future cash flows. The discount rates used are estimated using comparable market rates for similar types of instruments adjusted to be commensurate with the credit risk, overhead costs, and optionality of such instruments. Demand and savings deposits The fair value of demand deposits and savings accounts is the amount payable on demand at March 31, 2022 and December 31, 2021. Time deposits The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates that are currently offered for deposits of similar remaining maturities. Other borrowings The carrying amounts of federal funds purchased, repurchase agreements and other short-term debt are reasonable estimates of their fair value because of the short-term nature of their maturities. Federal funds purchased are classified as Level 1 based on availability of quoted market prices and repurchase agreements and other short-term debt are classified as Level 2. Long-term debt Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate fair value of existing debt. Other off-balance sheet instruments The fair value of loan commitments and letters of credit are determined based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreement and the present creditworthiness of the counterparties. Neither the fees earned during the year on these instruments nor their fair value at period-end are significant to the Company’s consolidated financial position. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Nature Of Operations | The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions also impact reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A summary of the significant accounting policies to assist the reader in understanding the financial presentation is provided in the Notes to Consolidated Financial Statements in the Form 10-K. |
Cash and cash equivalents | Cash and cash equivalents Cash and cash equivalents includes Cash and due from banks and amounts due from the Federal Reserve Bank (FRB). Cash on hand, cash items in the process of collection, and amounts due from correspondent banks are included in Cash and due from banks. Amounts due from the FRB are interest-bearing for all periods presented and are included in the Interest-bearing due from banks line on the Company’s Consolidated Balance Sheets. This table provides a summary of cash and cash equivalents as presented on the Consolidated Statements of Cash Flows as of March 31, 2022 and March 31, 2021 (in thousands) March 31, 2022 2021 Due from the FRB $ 6,328,886 $ 3,806,302 Cash and due from banks 357,772 387,230 Cash and cash equivalents at end of period $ 6,686,658 $ 4,193,532 Also included in the Interest-bearing due from banks, but not considered cash and cash equivalents, are interest-bearing accounts held at other financial institutions, which totaled $27.1 million and $54.5 million at March 31, 2022 and March 31, 2021, respectively. |
Per Share Data | Per Share Data Basic net income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted quarter-to-date net income per share includes the dilutive effect of 425,337 and 424,109 shares issuable upon the exercise of stock options, nonvested restricted shares, and nonvested restricted stock units granted by the Company and outstanding at March 31, 2022 and 2021. Certain options, restricted stock and restricted stock units issued under employee benefits plans were excluded from the computation of diluted earnings per share because they were anti-dilutive. For the three months ended March 31, 2022 and March 31, 2021, there were no outstanding stock options, restricted stock and restricted stock units excluded from the computation of diluted income per share. |
Derivatives | Derivatives The Company records all derivatives on the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Currently, 12 of the Company’s derivatives are designated in qualifying hedging relationships. The remainder of the Company’s derivatives are not designated in qualifying hedging relationships, as the derivatives are not used to manage risks within the Company’s assets or liabilities. All changes in fair value of the Company’s non-designated derivatives and fair value hedges are recognized directly in earnings. Changes in fair value of the Company’s cash flow hedges are recognized in accumulated other comprehensive income (AOCI) and are reclassified to earnings when the hedged transaction affects earnings. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary of Cash and Cash Equivalents | This table provides a summary of cash and cash equivalents as presented on the Consolidated Statements of Cash Flows as of March 31, 2022 and March 31, 2021 (in thousands) March 31, 2022 2021 Due from the FRB $ 6,328,886 $ 3,806,302 Cash and due from banks 357,772 387,230 Cash and cash equivalents at end of period $ 6,686,658 $ 4,193,532 |
Loans and Allowance for Credi_2
Loans and Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Receivables [Abstract] | |
Summary of Loan Classes and Aging of Past Due Loans | This table provides a summary of loan classes and an aging of past due loans at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 30-89 Days Past Due and Accruing Greater than 90 Days Past Due and Accruing Nonaccrual Loans Total Past Due Current Total Loans Loans Commercial and industrial $ 4,564 $ 1,375 $ 91,053 $ 96,992 $ 7,516,907 $ 7,613,899 Specialty lending — — 11,797 11,797 494,063 505,860 Commercial real estate 9,470 463 2,651 12,584 6,406,926 6,419,510 Consumer real estate 1,397 — 3,892 5,289 2,388,025 2,393,314 Consumer 49 1 572 622 132,193 132,815 Credit cards 1,679 1,761 366 3,806 393,294 397,100 Leases and other — — 25 25 269,177 269,202 Total loans $ 17,159 $ 3,600 $ 110,356 $ 131,115 $ 17,600,585 $ 17,731,700 December 31, 2021 30-89 Days Past Due and Accruing Greater than 90 Days Past Due and Accruing Nonaccrual Loans Total Past Due Current Total Loans Loans Commercial and industrial $ 2,827 $ 896 $ 82,845 $ 86,568 $ 7,171,552 $ 7,258,120 Specialty lending — — — — 522,362 522,362 Commercial real estate 962 — 4,688 5,650 6,261,894 6,267,544 Consumer real estate 246 489 4,210 4,945 2,315,088 2,320,033 Consumer 105 2 75 182 128,953 129,135 Credit cards 2,369 1,246 457 4,072 387,317 391,389 Leases and other — — 25 25 282,263 282,288 Total loans $ 6,509 $ 2,633 $ 92,300 $ 101,442 $ 17,069,429 $ 17,170,871 |
Summary of Amortized Cost of Nonaccrual Loans with No Related Allowance | The following tables provide the amortized cost of nonaccrual loans with no related allowance for credit losses by loan class at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Nonaccrual Loans Amortized Cost of Nonaccrual Loans with no related Allowance Loans Commercial and industrial $ 91,053 $ 81,686 Specialty lending 11,797 11,797 Commercial real estate 2,651 2,651 Consumer real estate 3,892 3,892 Consumer 572 572 Credit cards 366 366 Leases and other 25 25 Total loans $ 110,356 $ 100,989 December 31, 2021 Nonaccrual Loans Amortized Cost of Nonaccrual Loans with no related Allowance Loans Commercial and industrial $ 82,845 $ 76,493 Specialty lending — — Commercial real estate 4,688 4,688 Consumer real estate 4,210 4,210 Consumer 75 75 Credit cards 457 457 Leases and other 25 25 Total loans $ 92,300 $ 85,948 |
Summary of Amortized Cost Balance of Each of Loan Classes Disaggregated by Collateral Type and Origination Year | The following tables provide a summary of the amortized cost balance of each of the Company’s loan classes disaggregated by collateral type and origination year as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Loan Segment and Type Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Commercial and industrial: Equipment/Accounts Receivable/Inventory $ 469,143 $ 2,163,848 $ 814,546 $ 327,868 $ 129,190 $ 167,029 $ 3,362,138 $ 31,816 $ 7,465,578 Agriculture 2,134 10,521 5,608 2,846 857 1,022 119,042 — 142,030 Overdrafts — — — — — — 6,291 — 6,291 Total Commercial and industrial 471,277 2,174,369 820,154 330,714 130,047 168,051 3,487,471 31,816 7,613,899 Specialty lending: Asset-based lending 381 41,195 46,958 — — — 417,326 — 505,860 Total Specialty lending 381 41,195 46,958 — — — 417,326 — 505,860 Commercial real estate: Owner-occupied 222,719 655,646 463,030 205,136 157,972 237,072 30,383 — 1,971,958 Non-owner-occupied 299,175 980,164 628,839 490,943 117,452 339,899 9,973 — 2,866,445 Farmland 16,236 65,635 261,388 28,963 17,528 53,334 32,177 — 475,261 5+ Multi-family 32,049 30,783 98,196 19,354 1,687 7,255 4,485 — 193,809 1-4 Family construction 16,137 45,105 741 6,753 — — 2,412 — 71,148 General construction 54,487 541,587 168,536 61,272 62 444 14,501 — 840,889 Total Commercial real estate 640,803 2,318,920 1,620,730 812,421 294,701 638,004 93,931 — 6,419,510 Consumer real estate: HELOC — 195 514 344 567 6,529 302,902 1,692 312,743 First lien: 1-4 family 182,247 803,684 675,494 188,428 55,015 153,632 19 — 2,058,519 Junior lien: 1-4 family 1,689 8,371 5,699 3,046 1,241 1,959 47 — 22,052 Total Consumer real estate 183,936 812,250 681,707 191,818 56,823 162,120 302,968 1,692 2,393,314 Consumer: Revolving line 179 971 — — — — 58,028 1,270 60,448 Auto 2,666 9,014 6,794 4,577 810 486 — — 24,347 Other 6,983 29,744 1,691 1,635 1,419 2,311 4,237 — 48,020 Total Consumer 9,828 39,729 8,485 6,212 2,229 2,797 62,265 1,270 132,815 Credit cards: Consumer — — — — — — 171,735 — 171,735 Commercial — — — — — — 225,365 — 225,365 Total Credit cards — — — — — — 397,100 — 397,100 Leases and other: Leases — — — 814 — 1,323 — — 2,137 Other 536 98,148 45,585 59,213 21,641 5,585 36,357 — 267,065 Total Leases and other 536 98,148 45,585 60,027 21,641 6,908 36,357 — 269,202 Total loans $ 1,306,761 $ 5,484,611 $ 3,223,619 $ 1,401,192 $ 505,441 $ 977,880 $ 4,797,418 $ 34,778 $ 17,731,700 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Loan Segment and Type Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Commercial and industrial: Equipment/Accounts Receivable/Inventory $ 2,400,110 $ 945,383 $ 356,348 $ 150,892 $ 115,571 $ 131,900 $ 2,984,740 $ 247 $ 7,085,191 Agriculture 12,077 5,884 3,308 640 344 1,143 130,946 — 154,342 Overdrafts — — — — — — 18,587 — 18,587 Total Commercial and industrial 2,412,187 951,267 359,656 151,532 115,915 133,043 3,134,273 247 7,258,120 Specialty lending: Asset-based lending 34,552 49,373 — — — — 331,282 — 415,207 Factoring — — — — — — 107,155 — 107,155 Total Specialty lending 34,552 49,373 — — — — 438,437 — 522,362 Commercial real estate: Owner-occupied 680,135 519,448 226,631 177,576 91,539 159,482 11,727 — 1,866,538 Non-owner-occupied 1,058,025 689,167 591,886 162,491 135,100 258,541 10,969 — 2,906,179 Farmland 61,505 273,624 34,145 16,969 19,929 34,858 38,239 999 480,268 5+ Multi-family 58,268 95,024 41,426 1,206 511 6,820 2,057 — 205,312 1-4 Family construction 53,004 4,933 17,333 — — — 985 — 76,255 General construction 439,973 160,553 64,283 38,505 203 256 29,219 — 732,992 Total Commercial real estate 2,350,910 1,742,749 975,704 396,747 247,282 459,957 93,196 999 6,267,544 Consumer real estate: HELOC 248 547 327 574 646 6,363 320,410 2,523 331,638 First lien: 1-4 family 830,513 712,264 200,167 58,734 61,641 102,997 19 — 1,966,335 Junior lien: 1-4 family 9,114 6,299 3,361 1,150 820 1,299 17 — 22,060 Total Consumer real estate 839,875 719,110 203,855 60,458 63,107 110,659 320,446 2,523 2,320,033 Consumer: Revolving line 974 — — — — — 60,049 120 61,143 Auto 9,886 7,775 5,462 1,107 479 220 — — 24,929 Other 31,391 2,041 1,949 1,543 2,542 708 2,889 — 43,063 Total Consumer 42,251 9,816 7,411 2,650 3,021 928 62,938 120 129,135 Credit cards: Consumer — — — — — — 180,296 — 180,296 Commercial — — — — — — 211,093 — 211,093 Total Credit cards — — — — — — 391,389 — 391,389 Leases and other: Leases — — 814 — 739 614 — — 2,167 Other 99,952 44,113 58,164 22,344 5,631 779 49,138 — 280,121 Total Leases and other 99,952 44,113 58,978 22,344 6,370 1,393 49,138 — 282,288 Total loans $ 5,779,727 $ 3,516,428 $ 1,605,604 $ 633,731 $ 435,695 $ 705,980 $ 4,489,817 $ 3,889 $ 17,170,871 |
Summary of Amortized Cost Balance by Collateral Type and Risk Rating | The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Equipment/Accounts Receivable/Inventory Non-watch list – Pass $ 443,997 $ 2,048,497 $ 745,218 $ 298,758 $ 120,445 $ 157,038 $ 3,138,826 $ 31,698 $ 6,984,477 Watch – Pass 15,779 103,276 32,486 22,977 4,771 2,150 103,130 — 284,569 Special Mention — 2,984 2,386 2,600 570 2,654 38,673 — 49,867 Substandard 9,367 8,812 1,206 3,533 3,404 660 44,779 118 71,879 Doubtful — 279 33,250 — — 4,527 36,730 — 74,786 Total Equipment/Accounts Receivable/Inventory $ 469,143 $ 2,163,848 $ 814,546 $ 327,868 $ 129,190 $ 167,029 $ 3,362,138 $ 31,816 $ 7,465,578 Agriculture Non-watch list – Pass $ 1,934 $ 10,167 $ 5,401 $ 2,542 $ 703 $ 1,022 $ 101,422 $ — $ 123,191 Watch – Pass — 354 — 304 154 — 3,632 — 4,444 Special Mention 200 — — — — — — — 200 Substandard — — 207 — — — 13,988 — 14,195 Doubtful — — — — — — — — — Total Agriculture $ 2,134 $ 10,521 $ 5,608 $ 2,846 $ 857 $ 1,022 $ 119,042 $ — $ 142,030 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Equipment/Accounts Receivable/Inventory Non-watch list – Pass $ 2,299,784 $ 874,786 $ 325,630 $ 141,667 $ 106,141 $ 130,153 $ 2,750,764 $ 247 $ 6,629,172 Watch – Pass 68,322 34,324 25,572 5,056 1,794 698 106,177 — 241,943 Special Mention 5,886 — 2,600 592 1,742 997 41,209 — 53,026 Substandard 25,466 3,023 2,546 3,577 1,202 52 45,053 — 80,919 Doubtful 652 33,250 — — 4,692 — 41,537 — 80,131 Total Equipment/Accounts Receivable/Inventory $ 2,400,110 $ 945,383 $ 356,348 $ 150,892 $ 115,571 $ 131,900 $ 2,984,740 $ 247 $ 7,085,191 Agriculture Non-watch list – Pass $ 11,512 $ 5,394 $ 2,608 $ 212 $ 344 $ 1,143 $ 100,630 $ — $ 121,843 Watch – Pass 500 222 328 428 — — 6,532 — 8,010 Special Mention — — 372 — — — 1,361 — 1,733 Substandard 65 268 — — — — 22,423 — 22,756 Doubtful — — — — — — — — — Total Agriculture $ 12,077 $ 5,884 $ 3,308 $ 640 $ 344 $ 1,143 $ 130,946 $ — $ 154,342 The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Owner-occupied Non-watch list – Pass $ 220,777 $ 654,551 $ 451,647 $ 175,858 $ 156,402 $ 230,287 $ 30,283 $ — $ 1,919,805 Watch – Pass 1,942 820 10,090 9,843 1,048 3,466 — — 27,209 Special Mention — 90 1,263 17,091 — — — — 18,444 Substandard — 185 30 2,344 522 3,319 100 — 6,500 Doubtful — — — — — — — — — Total Owner-occupied $ 222,719 $ 655,646 $ 463,030 $ 205,136 $ 157,972 $ 237,072 $ 30,383 $ — $ 1,971,958 Non-owner-occupied Non-watch list – Pass $ 270,118 $ 934,677 $ 620,352 $ 452,911 $ 94,777 $ 298,577 $ 9,973 $ — $ 2,681,385 Watch – Pass 29,057 45,487 — 38,032 22,675 5,228 — — 140,479 Special Mention — — 8,487 — — 36,069 — — 44,556 Substandard — — — — — 25 — — 25 Doubtful — — — — — — — — — Total Non-owner-occupied $ 299,175 $ 980,164 $ 628,839 $ 490,943 $ 117,452 $ 339,899 $ 9,973 $ — $ 2,866,445 Farmland Non-watch list – Pass $ 12,236 $ 44,152 $ 234,926 $ 21,444 $ 3,302 $ 51,476 $ 23,939 $ — $ 391,475 Watch – Pass — 2,241 11,214 — 227 1,055 — — 14,737 Special Mention 4,000 3,800 — 6,583 13,983 — 7,274 — 35,640 Substandard — 15,442 15,248 936 16 803 964 — 33,409 Doubtful — — — — — — — — — Total Farmland $ 16,236 $ 65,635 $ 261,388 $ 28,963 $ 17,528 $ 53,334 $ 32,177 $ — $ 475,261 5+ Multi-family Non-watch list – Pass $ 32,049 $ 30,783 $ 98,196 $ 19,354 $ 1,687 $ 7,255 $ 4,485 $ — $ 193,809 Watch – Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 5+ Multi-family $ 32,049 $ 30,783 $ 98,196 $ 19,354 $ 1,687 $ 7,255 $ 4,485 $ — $ 193,809 1-4 Family construction Non-watch list – Pass $ 16,137 $ 45,105 $ 741 $ 6,753 $ — $ — $ 2,412 $ — $ 71,148 Watch – Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 1-4 Family construction $ 16,137 $ 45,105 $ 741 $ 6,753 $ — $ — $ 2,412 $ — $ 71,148 General construction Non-watch list – Pass $ 54,487 $ 521,028 $ 168,536 $ 61,186 $ 62 $ 427 $ 14,501 $ — $ 820,227 Watch – Pass — 4,114 — — — — — — 4,114 Special Mention — 16,445 — — — — — — 16,445 Substandard — — — — — 17 — — 17 Doubtful — — — 86 — — — — 86 Total General construction $ 54,487 $ 541,587 $ 168,536 $ 61,272 $ 62 $ 444 $ 14,501 $ — $ 840,889 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Owner-occupied Non-watch list – Pass $ 679,662 $ 507,220 $ 208,376 $ 174,352 $ 89,588 $ 154,920 $ 11,627 $ — $ 1,825,745 Watch – Pass 191 10,891 16,493 1,055 1,143 1,572 — — 31,345 Special Mention 93 1,304 — — — — — — 1,397 Substandard 189 33 1,762 2,169 808 2,990 100 — 8,051 Doubtful — — — — — — — — — Total Owner-occupied $ 680,135 $ 519,448 $ 226,631 $ 177,576 $ 91,539 $ 159,482 $ 11,727 $ — $ 1,866,538 Non-owner-occupied Non-watch list – Pass $ 976,097 $ 679,313 $ 536,084 $ 143,243 $ 129,820 $ 219,701 $ 10,969 $ — $ 2,695,227 Watch – Pass 57,052 1,277 55,802 19,248 5,280 2,587 — — 141,246 Special Mention 24,876 8,577 — — — 36,223 — — 69,676 Substandard — — — — — 30 — — 30 Doubtful — — — — — — — — — Total Non-owner-occupied $ 1,058,025 $ 689,167 $ 591,886 $ 162,491 $ 135,100 $ 258,541 $ 10,969 $ — $ 2,906,179 Farmland Non-watch list – Pass $ 40,526 $ 246,955 $ 26,332 $ 2,147 $ 19,199 $ 29,136 $ 28,276 $ — $ 392,571 Watch – Pass 2,263 10,177 — 823 213 4,889 — — 18,365 Special Mention 3,800 — 6,875 13,983 517 — 8,999 — 34,174 Substandard 14,916 16,492 938 16 — 833 964 999 35,158 Doubtful — — — — — — — — — Total Farmland $ 61,505 $ 273,624 $ 34,145 $ 16,969 $ 19,929 $ 34,858 $ 38,239 $ 999 $ 480,268 5+ Multi-family Non-watch list – Pass $ 58,268 $ 95,024 $ 41,426 $ 1,206 $ 511 $ 6,820 $ 2,057 $ — $ 205,312 Watch – Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 5+ Multi-family $ 58,268 $ 95,024 $ 41,426 $ 1,206 $ 511 $ 6,820 $ 2,057 $ — $ 205,312 1-4 Family construction Non-watch list – Pass $ 53,004 $ 4,933 $ 17,333 $ — $ — $ — $ 985 $ — $ 76,255 Watch – Pass — — — — — — — — — Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 1-4 Family construction $ 53,004 $ 4,933 $ 17,333 $ — $ — $ — $ 985 $ — $ 76,255 General construction Non-watch list – Pass $ 436,696 $ 160,553 $ 62,675 $ 38,505 $ 203 $ 239 $ 29,219 $ — $ 728,090 Watch – Pass 3,277 — — — — — — — 3,277 Special Mention — — — — — — — — — Substandard — — 1,522 — — 17 — — 1,539 Doubtful — — 86 — — — — — 86 Total General construction $ 439,973 $ 160,553 $ 64,283 $ 38,505 $ 203 $ 256 $ 29,219 $ — $ 732,992 The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total HELOC Performing $ — $ 195 $ 514 $ 206 $ 164 $ 4,873 $ 302,804 $ 1,538 $ 310,294 Non-performing — — — 138 403 1,656 98 154 2,449 Total HELOC $ — $ 195 $ 514 $ 344 $ 567 $ 6,529 $ 302,902 $ 1,692 $ 312,743 First lien: 1-4 family Performing $ 182,247 $ 803,684 $ 675,440 $ 188,225 $ 54,978 $ 152,556 $ 19 $ — $ 2,057,149 Non-performing — — 54 203 37 1,076 — — 1,370 Total First lien: 1-4 family $ 182,247 $ 803,684 $ 675,494 $ 188,428 $ 55,015 $ 153,632 $ 19 $ — $ 2,058,519 Junior lien: 1-4 family Performing $ 1,689 $ 8,371 $ 5,699 $ 3,046 $ 1,234 $ 1,893 $ 47 $ — $ 21,979 Non-performing — — — — 7 66 — — 73 Total Junior lien: 1-4 family $ 1,689 $ 8,371 $ 5,699 $ 3,046 $ 1,241 $ 1,959 $ 47 $ — $ 22,052 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total HELOC Performing $ 248 $ 531 $ 188 $ 165 $ 381 $ 4,956 $ 320,241 $ 2,440 $ 329,150 Non-performing — 16 139 409 265 1,407 169 83 2,488 Total HELOC $ 248 $ 547 $ 327 $ 574 $ 646 $ 6,363 $ 320,410 $ 2,523 $ 331,638 First lien: 1-4 family Performing $ 830,513 $ 712,194 $ 199,949 $ 58,585 $ 61,233 $ 102,194 $ 19 $ — $ 1,964,687 Non-performing — 70 218 149 408 803 — — 1,648 Total First lien: 1-4 family $ 830,513 $ 712,264 $ 200,167 $ 58,734 $ 61,641 $ 102,997 $ 19 $ — $ 1,966,335 Junior lien: 1-4 family Performing $ 9,114 $ 6,299 $ 3,361 $ 1,143 $ 800 $ 1,251 $ 17 $ — $ 21,985 Non-performing — — — 7 20 48 — — 75 Total Junior lien: 1-4 family $ 9,114 $ 6,299 $ 3,361 $ 1,150 $ 820 $ 1,299 $ 17 $ — $ 22,060 The following tables provide a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2022 2021 2020 2019 2018 Prior Total Revolving line Performing $ 179 $ 971 $ — $ — $ — $ — $ 57,532 $ 1,270 $ 59,952 Non-performing — — — — — — 496 — 496 Total Revolving line $ 179 $ 971 $ — $ — $ — $ — $ 58,028 $ 1,270 $ 60,448 Auto Performing $ 2,666 $ 8,990 $ 6,794 $ 4,543 $ 810 $ 486 $ — $ — $ 24,289 Non-performing — 24 — 34 — — — — 58 Total Auto $ 2,666 $ 9,014 $ 6,794 $ 4,577 $ 810 $ 486 $ — $ — $ 24,347 Other Performing $ 6,983 $ 29,744 $ 1,676 $ 1,635 $ 1,419 $ 2,309 $ 4,237 $ — $ 48,003 Non-performing — — 15 — — 2 — — 17 Total Other $ 6,983 $ 29,744 $ 1,691 $ 1,635 $ 1,419 $ 2,311 $ 4,237 $ — $ 48,020 December 31, 2021 Amortized Cost - Revolving Loans Amortized Cost - Revolving Loans Converted to Term Loans Risk by Collateral Amortized Cost Basis by Origination Year - Term Loans 2021 2020 2019 2018 2017 Prior Total Revolving line Performing $ 974 $ — $ — $ — $ — $ — $ 60,049 $ 120 $ 61,143 Non-performing — — — — — — — — — Total Revolving line $ 974 $ — $ — $ — $ — $ — $ 60,049 $ 120 $ 61,143 Auto Performing $ 9,886 $ 7,775 $ 5,424 $ 1,107 $ 479 $ 220 $ — $ — $ 24,891 Non-performing — — 38 — — — — — 38 Total Auto $ 9,886 $ 7,775 $ 5,462 $ 1,107 $ 479 $ 220 $ — $ — $ 24,929 Other Performing $ 31,391 $ 2,025 $ 1,949 $ 1,525 $ 2,542 $ 704 $ 2,889 $ — $ 43,025 Non-performing — 16 — 18 — 4 — — 38 Total Other $ 31,391 $ 2,041 $ 1,949 $ 1,543 $ 2,542 $ 708 $ 2,889 $ — $ 43,063 The following table provides a summary of the amortized cost balance of consumer credit cards by risk rating as of March 31, 2022 and December 31, 2021 (in thousands): Consumer Risk March 31, 2022 December 31, 2021 Transactor accounts $ 54,503 $ 57,777 Revolver accounts (by FICO score): Less than 600 4,395 6,065 600-619 2,534 2,416 620-639 4,361 4,158 640-659 7,723 7,854 660-679 9,251 13,185 680-699 11,881 15,365 700-719 14,462 16,308 720-739 13,811 14,753 740-759 12,573 12,734 760-779 12,806 8,879 780-799 11,629 7,048 800-819 7,598 5,787 820-839 3,441 5,026 840+ 767 2,941 Total $ 171,735 $ 180,296 The following table provides a summary of the amortized cost balance of commercial credit cards by risk rating as of March 31, 2022 and December 31, 2021 (in thousands): Commercial Risk March 31, 2022 December 31, 2021 Current $ 214,300 $ 200,402 Past Due 11,065 10,691 Total $ 225,365 $ 211,093 The following table provides a summary of the amortized cost balance by collateral type and risk rating as of March 31, 2022 and December 31, 2021 (in thousands): Leases Other Risk March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Non-watch list – Pass $ 2,137 $ 2,167 $ 266,334 $ 279,401 Watch – Pass — — 706 695 Special Mention — — — — Substandard — — 25 25 Doubtful — — — — Total $ 2,137 $ 2,167 $ 267,065 $ 280,121 |
Rollforward of Allowance for Credit/Loan Losses by Portfolio Segment | This table provides a rollforward of the allowance for credit losses by portfolio segment for the three months ended March 31, 2022 and March 31, 2021 (in thousands): Three Months Ended March 31, 2022 Commercial and industrial Specialty lending Commercial real estate Consumer real estate Consumer Credit cards Leases and other Total - Loans HTM Total Allowance for credit losses: Beginning balance $ 123,732 $ 1,738 $ 56,265 $ 3,921 $ 845 $ 6,075 $ 2,195 $ 194,771 $ 1,940 $ 196,711 Charge-offs (8,202 ) — — (32 ) (158 ) (1,465 ) — (9,857 ) — (9,857 ) Recoveries 661 — 362 28 29 399 — 1,479 — 1,479 Provision 2,477 (877 ) (9,317 ) 120 (298 ) 810 (20 ) (7,105 ) 105 (7,000 ) Ending balance - ACL $ 118,668 $ 861 $ 47,310 $ 4,037 $ 418 $ 5,819 $ 2,175 $ 179,288 $ 2,045 $ 181,333 Allowance for credit losses on off-balance sheet credit exposures: Beginning balance $ 1,739 $ 160 $ 480 $ 106 $ — $ — $ 15 $ 2,500 $ 88 $ 2,588 Provision 439 26 (62 ) 18 13 — 47 481 19 500 Ending balance - ACL on off-balance sheet $ 2,178 $ 186 $ 418 $ 124 $ 13 $ — $ 62 $ 2,981 $ 107 $ 3,088 Three Months Ended March 31, 2021 Commercial and industrial Specialty lending Commercial real estate Consumer real estate Consumer Credit cards Leases and other Total - Loans HTM Total Allowance for credit losses: Beginning balance $ 122,700 $ 5,219 $ 61,931 $ 6,586 $ 1,480 $ 15,786 $ 2,271 $ 215,973 $ 2,610 $ 218,583 Charge-offs (4,717 ) — — (76 ) (109 ) (1,692 ) (8 ) (6,602 ) — (6,602 ) Recoveries 126 115 509 59 23 442 18 1,292 — 1,292 Provision 1,459 (661 ) (2,397 ) (2,386 ) (791 ) (2,392 ) (681 ) (7,849 ) 349 (7,500 ) Ending balance - ACL $ 119,568 $ 4,673 $ 60,043 $ 4,183 $ 603 $ 12,144 $ 1,600 $ 202,814 $ 2,959 $ 205,773 Allowance for credit losses on off-balance sheet credit exposures: Beginning balance $ 3,859 $ 287 $ 447 $ 145 $ 381 $ — $ 414 $ 5,533 $ 55 $ 5,588 Provision — — — — — — — — — — Ending balance - ACL on off-balance sheet $ 3,859 $ 287 $ 447 $ 145 $ 381 $ — $ 414 $ 5,533 $ 55 $ 5,588 |
Summary of Amortized Cost Balance of Financial Assets Considered Collateral Dependent | The following tables provide the amortized cost balance of financial assets considered collateral dependent as of March 31, 2022 and December 31, 2021 (in thousands) March 31, 2022 Loan Segment and Type Amortized Cost of Collateral Dependent Assets Related Allowance for Credit Losses Amortized Cost of Collateral Dependent Assets with no related Allowance Commercial and industrial: Equipment/Accounts Receivable/Inventory $ 91,053 $ 500 $ 81,686 Agriculture — — — Total Commercial and industrial 91,053 500 81,686 Specialty lending: Asset-based lending 11,797 — 11,797 Total Specialty lending 11,797 — 11,797 Commercial real estate: Owner-occupied 2,293 — 2,293 Non-owner-occupied — — — Farmland 440 — 440 5+ Multi-family — — — 1-4 Family construction — — — General construction 103 — 103 Total Commercial real estate 2,836 — 2,836 Consumer real estate: HELOC 2,449 — 2,449 First lien: 1-4 family 1,370 — 1,370 Junior lien: 1-4 family 73 — 73 Total Consumer real estate 3,892 — 3,892 Consumer: Revolving line 496 — 496 Auto 58 — 58 Other 18 — 18 Total Consumer 572 — 572 Leases and other: Leases — — — Other 25 — 25 Total Leases and other 25 — 25 Total loans $ 110,175 $ 500 $ 100,808 December 31, 2021 Loan Segment and Type Amortized Cost of Collateral Dependent Assets Related Allowance for Credit Losses Amortized Cost of Collateral Dependent Assets with no related Allowance Commercial and industrial: Equipment/Accounts Receivable/Inventory $ 82,845 $ 2,421 $ 76,493 Agriculture — — — Total Commercial and industrial 82,845 2,421 76,493 Specialty lending: Asset-based lending — — — Factoring — — — Total Specialty lending — — — Commercial real estate: Owner-occupied 2,764 — 2,764 Non-owner-occupied — — — Farmland 487 — 487 5+ Multi-family — — — 1-4 Family construction — — — General construction 1,626 — 1,626 Total Commercial real estate 4,877 — 4,877 Consumer real estate: HELOC 2,488 — 2,488 First lien: 1-4 family 1,647 — 1,647 Junior lien: 1-4 family 75 — 75 Total Consumer real estate 4,210 — 4,210 Consumer: Revolving line — — — Auto 38 — 38 Other 37 — 37 Total Consumer 75 — 75 Leases and other: Leases — — — Other 25 — 25 Total Leases and other 25 — 25 Total loans $ 92,032 $ 2,421 $ 85,680 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Securities Available for Sale | This table provides detailed information about securities available for sale at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury $ 388,866 $ 58 $ (6,789 ) $ 382,135 U.S. Agencies 153,489 554 (1,265 ) 152,778 Mortgage-backed 5,679,853 15,184 (286,815 ) 5,408,222 State and political subdivisions 2,101,114 18,327 (72,930 ) 2,046,511 Corporates 381,163 252 (15,330 ) 366,085 Collateralized loan obligations 194,364 12 (14 ) 194,362 Total $ 8,898,849 $ 34,387 $ (383,143 ) $ 8,550,093 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury $ 69,551 $ 374 $ (751 ) $ 69,174 U.S. Agencies 121,681 3,252 (1 ) 124,932 Mortgage-backed 7,967,537 93,390 (95,872 ) 7,965,055 State and political subdivisions 3,270,160 161,674 (9,146 ) 3,422,688 Corporates 316,840 2,504 (1,498 ) 317,846 Collateralized loan obligations 76,815 4 — 76,819 Total $ 11,822,584 $ 261,198 $ (107,268 ) $ 11,976,514 |
Gross Unrealized Losses and Fair Value of Investment Securities Available for Sale | The following table shows the Company’s available-for-sale investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2022 and December 31, 2021 (in thousands): Less than 12 months 12 months or more Total March 31, 2022 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Description of Securities U.S. Treasury 35 $ 364,450 $ (6,789 ) — $ — $ — 35 $ 364,450 $ (6,789 ) U.S. Agencies 5 63,274 (1,265 ) — — — 5 63,274 (1,265 ) Mortgage-backed 659 4,316,175 (269,158 ) 12 207,738 (17,657 ) 671 4,523,913 (286,815 ) State and political subdivisions 1,302 1,043,982 (62,299 ) 60 65,444 (10,631 ) 1,362 1,109,426 (72,930 ) Corporates 241 327,050 (15,230 ) 2 4,044 (100 ) 243 331,094 (15,330 ) Collateralized loan obligations 6 31,220 (14 ) — — — 6 31,220 (14 ) Total 2,248 $ 6,146,151 $ (354,755 ) 74 $ 277,226 $ (28,388 ) 2,322 $ 6,423,377 $ (383,143 ) Less than 12 months 12 months or more Total December 31, 2021 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Description of Securities U.S. Treasury 4 $ 58,867 $ (751 ) — $ — $ — 4 $ 58,867 $ (751 ) U.S. Agencies 1 11,149 (1 ) — — — 1 11,149 (1 ) Mortgage-backed 344 5,404,968 (87,301 ) 13 233,295 (8,571 ) 357 5,638,263 (95,872 ) State and political subdivisions 357 329,042 (6,969 ) 31 44,939 (2,177 ) 388 373,981 (9,146 ) Corporates 152 193,899 (1,498 ) — — — 152 193,899 (1,498 ) Collateralized loan obligations — — — — — — — — — Total 858 $ 5,997,925 $ (96,520 ) 44 $ 278,234 $ (10,748 ) 902 $ 6,276,159 $ (107,268 ) |
Gross Unrealized Losses and Fair Value of Investment Securities Held to Maturity | The following table shows the Company’s held-to-maturity investments’ gross unrealized losses and fair value, aggregated by length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2022 and December 31, 2021, respectively (in thousands): Less than 12 months 12 months or more Total March 31, 2022 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses U.S. Agencies — $ — $ — — $ — $ — — $ — $ — Mortgage-backed 194 2,404,509 (66,501 ) — — — 194 2,404,509 (66,501 ) State and political subdivisions 1,205 1,625,062 (96,594 ) 41 332,118 (46,059 ) 1,246 1,957,180 (142,653 ) Total 1,399 $ 4,029,571 $ (163,095 ) 41 $ 332,118 $ (46,059 ) 1,440 $ 4,361,689 $ (209,154 ) Less than 12 months 12 months or more Total December 31, 2021 Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Count Fair Value Unrealized Losses Mortgage-backed 12 $ 317,887 $ (2,431 ) — $ — $ — 12 $ 317,887 $ (2,431 ) State and political subdivisions 58 585,153 (12,494 ) 28 217,579 (26,460 ) 86 802,732 (38,954 ) Total 70 $ 903,040 $ (14,925 ) 28 $ 217,579 $ (26,460 ) 98 $ 1,120,619 $ (41,385 ) |
Schedule of Amortized Cost Basis by Credit Rating of Held to Maturity Investment | The following tables show the amortized cost basis by credit rating of the Company’s held-to-maturity investments at March 31, 2022 and December 31, 2021 (in thousands): Amortized Cost Basis by Credit Rating - HTM Debt Securities March 31, 2022 AAA AA A BBB BB CCC-C Total State and political subdivisions: Competitive $ — $ — $ 379,924 $ 560,001 $ 20,219 $ 830 $ 960,974 Utilities 342,489 690,649 81,855 29,572 — — 1,144,565 Total state and political subdivisions $ 342,489 $ 690,649 $ 461,779 $ 589,573 $ 20,219 $ 830 $ 2,105,539 Amortized Cost Basis by Credit Rating - HTM Debt Securities December 31, 2021 A BBB BB CCC-C Total State and political subdivisions: Competitive $ 372,696 $ 605,104 $ 20,678 $ 870 $ 999,348 Utilities 55,096 29,838 — — 84,934 Total state and political subdivisions $ 427,792 $ 634,942 $ 20,678 $ 870 $ 1,084,282 |
Schedule of Aging of Past Due Held to Maturity Securities | The following table presents the aging of past due held-to-maturity securities at December 31, 2021 ( in thousands December 31, 2021 30-89 Days Past Due and Accruing Greater than 90 Days Past Due and Accruing Non- Accrual Total Past Due Current Total State and political subdivisions: Competitive $ 7,795 $ — $ — $ 7,795 $ 991,553 $ 999,348 Utilities — — — — 84,934 84,934 Total state and political subdivisions $ 7,795 $ — $ — $ 7,795 $ 1,076,487 $ 1,084,282 |
Schedule of Other Securities | The table below provides detailed information for Other securities at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 December 31, 2021 FRB and FHLB stock $ 36,222 $ 36,222 Equity securities with readily determinable fair values 53,056 64,149 Equity securities without readily determinable fair values 242,845 226,727 Total $ 332,123 $ 327,098 |
Schedule of Components of Investment Securities Gains, Net | The table below presents the components of Investments securities losses, net for the three months ended March 31, 2022 and March 31, 2021 (in thousands): Three Months Ended March 31, 2022 2021 Investment securities losses, net Available-for-sale debt securities: Gains realized on sales $ — $ 2,720 Equity securities with readily determinable fair values: Fair value adjustments, net (1,722 ) (13,918 ) Equity securities without readily determinable fair values: Fair value adjustments, net 1,200 2,862 Total investment securities losses, net $ (522 ) $ (8,336 ) |
Available-for-sale Securities [Member] | |
Contractual Maturity Information | The following table presents contractual maturity information for securities available for sale at March 31, 2022 (in thousands): Amortized Fair Cost Value Due in 1 year or less $ 123,219 $ 123,499 Due after 1 year through 5 years 1,141,112 1,121,962 Due after 5 years through 10 years 699,721 686,107 Due after 10 years 1,254,944 1,210,303 Total 3,218,996 3,141,871 Mortgage-backed securities 5,679,853 5,408,222 Total securities available for sale $ 8,898,849 $ 8,550,093 |
Held-to-maturity Securities [Member] | |
Contractual Maturity Information | The following table shows the Company’s held-to-maturity investments’ amortized cost, fair value, and gross unrealized gains and losses at March 31, 2022 and December 31, 2021, respectively (in thousands): March 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Net Carrying Amount U.S. Agencies $ 6,000 $ 4 $ — $ 6,004 $ — $ 6,000 Mortgage-backed 2,490,693 10 (66,501 ) 2,424,202 — 2,490,693 State and political subdivisions 2,105,539 363 (142,653 ) 1,963,249 (2,045 ) 2,103,494 Total $ 4,602,232 $ 377 $ (209,154 ) $ 4,393,455 $ (2,045 ) $ 4,600,187 December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Allowance for Credit Losses Net Carrying Amount Mortgage-backed $ 396,134 $ 14 $ (2,431 ) $ 393,717 $ — $ 396,134 State and political subdivisions 1,084,282 3,346 (38,954 ) 1,048,674 (1,940 ) 1,082,342 Total $ 1,480,416 $ 3,360 $ (41,385 ) $ 1,442,391 $ (1,940 ) $ 1,478,476 The following table presents contractual maturity information for securities held to maturity at March 31, 2022 ( in thousands Amortized Fair Cost Value Due in 1 year or less $ 13,819 $ 13,784 Due after 1 year through 5 years 151,022 144,816 Due after 5 years through 10 years 616,835 579,542 Due after 10 years 1,329,863 1,231,111 Total 2,111,539 1,969,253 Mortgage-backed securities 2,490,693 2,424,202 Total securities held to maturity $ 4,602,232 $ 4,393,455 |
Goodwill and Other Intangibles
Goodwill and Other Intangibles (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Changes in Carrying Amount of Goodwill | Changes in the carrying amount of goodwill for the periods ended March 31, 2022 and December 31, 2021 by reportable segment are as follows (in thousands): Commercial Banking Institutional Banking Personal Banking Total Balances as of January 1, 2022 $ 59,419 $ 51,332 $ 63,767 $ 174,518 Branch acquisition 3,694 — 4,013 7,707 Balances as of March 31, 2022 $ 63,113 $ 51,332 $ 67,780 $ 182,225 Balances as of January 1, 2021 $ 59,419 $ 51,332 $ 70,116 $ 180,867 Sale of component of business segment — — (6,349 ) (6,349 ) Balances as of December 31, 2021 $ 59,419 $ 51,332 $ 63,767 $ 174,518 |
Changes in Intangible Assets | The following table lists the finite-lived intangible assets that continue to be subject to amortization as of March 31, 2022 and December 31, 2021 (in thousands) As of March 31, 2022 Core Deposit Intangible Assets Customer Relationships Total Gross carrying amount $ 50,059 $ 73,512 $ 123,571 Accumulated amortization 49,781 58,100 107,881 Net carrying amount $ 278 $ 15,412 $ 15,690 As of December 31, 2021 Core Deposit Intangible Assets Customer Relationships Total Gross carrying amount $ 50,059 $ 71,167 $ 121,226 Accumulated amortization 49,623 57,187 106,810 Net carrying amount $ 436 $ 13,980 $ 14,416 |
Aggregate Amortization Expense Recognized | The following table has the aggregate amortization expense recognized in each period (in thousands) Three Months Ended March 31, 2022 2021 Aggregate amortization expense $ 1,071 $ 1,380 |
Estimated Amortization Expense of Intangible Assets | The following table lists estimated amortization expense of intangible assets in future periods (in thousands): For the nine months ending December 31, 2022 $ 3,408 For the year ending December 31, 2023 3,899 For the year ending December 31, 2024 3,169 For the year ending December 31, 2025 2,962 For the year ending December 31, 2026 2,103 |
Securities Sold Under Agreeme_2
Securities Sold Under Agreements to Repurchase (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Repurchase Agreements | |
Remaining Contractual Maturities Of Repurchase Agreements | The table below presents the remaining contractual maturities of repurchase agreements outstanding at March 31, 2022 and December 31, 2021, in addition to the various types of marketable securities that have been pledged as collateral for these borrowings (in thousands): As of March 31, 2022 Remaining Contractual Maturities of the Agreements Overnight 2-29 Days 30-90 Days Over 90 Days Total Repurchase agreements, secured by: U.S. Treasury $ 74,523 $ — $ — $ — $ 74,523 U.S. Agencies 2,210,192 171,106 298,422 500 2,680,220 Total repurchase agreements $ 2,284,715 $ 171,106 $ 298,422 $ 500 $ 2,754,743 As of December 31, 2021 Remaining Contractual Maturities of the Agreements 2-29 Days 30-90 Days Over 90 Days Total Repurchase agreements, secured by: U.S. Agencies $ 2,820,788 $ 404,800 $ 250 $ 3,225,838 Total repurchase agreements $ 2,820,788 $ 404,800 $ 250 $ 3,225,838 |
Business Segment Reporting (Tab
Business Segment Reporting (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Schedule of Segment Financial Results | Business Segment financial results for the three months ended March 31, 2022 and March 31, 2021 were as follows (in thousands): Three Months Ended March 31, 2022 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 145,002 $ 26,253 $ 39,100 $ 210,355 Provision for credit losses (7,040 ) 151 389 (6,500 ) Noninterest income 26,707 73,262 23,709 123,678 Noninterest expense 79,596 75,592 59,590 214,778 Income before taxes 99,153 23,772 2,830 125,755 Income tax expense 15,606 3,741 445 19,792 Net income $ 83,547 $ 20,031 $ 2,385 $ 105,963 Average assets $ 16,827,000 $ 14,677,000 $ 7,650,000 $ 39,154,000 Three Months Ended March 31, 2021 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 136,410 $ 22,138 $ 35,567 $ 194,115 Provision for credit losses (8,178 ) 220 458 (7,500 ) Noninterest income 8,176 68,421 32,300 108,897 Noninterest expense 69,725 71,282 59,939 200,946 Income before taxes 83,039 19,057 7,470 109,566 Income tax expense 12,826 2,943 1,154 16,923 Net income $ 70,213 $ 16,114 $ 6,316 $ 92,643 Average assets $ 14,204,000 $ 11,603,000 $ 7,245,000 $ 33,052,000 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Revenue From Contract With Customer [Abstract] | |
Summary of Disaggregation of Revenue According to Revenue Stream and Business Segment | The following table depicts the disaggregation of noninterest income according to revenue stream and Business Segment for the three months ended March 31, 2022 and March 31, 2021. As stated in Note 8, “Business Segment Reporting,” for comparability purposes, amounts in all periods are based on methodologies in effect at March 31, 2022 and previously reported results have been reclassified in this Form 10-Q to conform to the Company’s current organizational structure. Disaggregated revenue is as follows (in thousands): Three Months Ended March 31, 2022 NONINTEREST INCOME Commercial Banking Institutional Banking Personal Banking Revenue (Expense) out of Scope of ASC 606 Total Trust and securities processing $ — $ 45,485 $ 14,043 $ — $ 59,528 Trading and investment banking — 155 — 5,285 5,440 Service charges on deposit accounts 8,945 13,890 1,737 70 24,642 Insurance fees and commissions — — 259 — 259 Brokerage fees 33 1,484 1,939 — 3,456 Bankcard fees 13,974 5,331 5,220 (7,890 ) 16,635 Investment securities losses, net — — — (522 ) (522 ) Other 164 424 686 12,966 14,240 Total Noninterest income $ 23,116 $ 66,769 $ 23,884 $ 9,909 $ 123,678 Three Months Ended March 31, 2021 NONINTEREST INCOME Commercial Banking Institutional Banking Personal Banking Revenue (Expense) out of Scope of ASC 606 Total Trust and securities processing $ — $ 37,485 $ 17,349 $ — $ 54,834 Trading and investment banking — 301 — 9,055 9,356 Service charges on deposit accounts 7,905 12,577 1,424 70 21,976 Insurance fees and commissions — — 420 — 420 Brokerage fees 64 1,319 1,951 — 3,334 Bankcard fees 12,535 4,813 4,941 (7,616 ) 14,673 Investment securities losses, net — — — (8,336 ) (8,336 ) Other 231 404 669 11,336 12,640 Total Noninterest income $ 20,735 $ 56,899 $ 26,754 $ 4,509 $ 108,897 |
Commitments, Contingencies an_2
Commitments, Contingencies and Guarantees (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Commitments And Contingencies Disclosure [Abstract] | |
Notional Amount of Off-Balance Sheet Financial Instruments | The following table summarizes the Company’s off-balance sheet financial instruments (in thousands): Contract or Notional Amount March 31, December 31, 2022 2021 Commitments to extend credit for loans (excluding credit card loans) $ 10,214,525 $ 10,122,617 Commitments to extend credit under credit card loans 3,809,495 3,743,165 Commercial letters of credit 4,501 2,754 Standby letters of credit 414,036 365,030 Forward contracts 8,127 9,729 Spot foreign exchange contracts 12,148 2,946 |
Derivatives and Hedging Activ_2
Derivatives and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Summary of Fair Value of Derivative Assets and Liabilities | This table provides a summary of the fair value of the Company’s derivative assets and liabilities as of March 31, 2022 and December 31, 2021 ( in thousands Derivative Assets Derivative Liabilities March 31, December 31, March 31, December 31, Fair Value 2022 2021 2022 2021 Interest Rate Products: Derivatives not designated as hedging instruments $ 19,113 $ 57,134 $ 43,016 $ 13,944 Derivatives designated as hedging instruments 860 546 — — Total $ 19,973 $ 57,680 $ 43,016 $ 13,944 |
Summary of Amount of Gain (Loss) Recognized in Interest Income and Other Non-interest Expense in Consolidated Statements of Income Related to Derivative Assets and Liabilities | This table provides a summary of the amount of gain or loss recognized in Interest income and Other noninterest expense in the Consolidated Statements of Income related to the Company’s derivative assets and liabilities for the three months ended March 31, 2022 and March 31, 2021 (in thousands) Amount of Gain (Loss) Recognized For the Three Months Ended March 31, March 31, 2022 2021 Interest Rate Products Derivatives not designated as hedging instruments $ 183 $ 489 Total $ 183 $ 489 Interest Rate Products Derivatives designated as hedging instruments: Fair value adjustments on derivatives $ 36,676 $ 9,328 Fair value adjustments on hedged items (36,058 ) (9,251 ) Total $ 618 $ 77 |
Summary of Effect of Hedges on AOCI in Consolidated Statements of Comprehensive Income Related to Company's Derivative Assets and Liabilities | These tables provide a summary of the effect of hedges on AOCI in the Consolidated Statements of Comprehensive Income related to the Company’s derivative assets and liabilities for the three months ended March 31, 2022 and March 31, 2021 (in thousands) For the Three Months Ended March 31, 2022 Derivatives in Cash Flow Hedging Relationships Gain Recognized in OCI on Derivative Gain Recognized in OCI Included Component Gain Recognized in OCI Excluded Component Gain (Loss) Reclassified from AOCI into Earnings Gain (Loss) Reclassified from AOCI into Earnings Included Component Loss Reclassified from AOCI into Earnings Excluded Component Interest rate floor $ — $ — $ — $ 1,163 $ 1,718 $ (555 ) Interest rate swaps 4,680 4,680 — (312 ) (312 ) — Total $ 4,680 $ 4,680 $ — $ 851 $ 1,406 $ (555 ) For the Three Months Ended March 31, 2021 Derivatives in Cash Flow Hedging Relationships Gain Recognized in OCI on Derivative Gain Recognized in OCI Included Component Gain Recognized in OCI Excluded Component Gain (Loss) Reclassified from AOCI into Earnings Gain (Loss) Reclassified from AOCI into Earnings Included Component Loss Reclassified from AOCI into Earnings Excluded Component Interest rate floor $ — $ — $ — $ 1,166 $ 1,721 $ (555 ) Interest rate swaps 6,503 6,503 — (324 ) (324 ) — Total $ 6,503 $ 6,503 $ — $ 842 $ 1,397 $ (555 ) |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 (in thousands): Fair Value Measurement at March 31, 2022 Description March 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets U.S. Treasury $ 602 $ 602 $ — $ — State and political subdivisions 15,474 — 15,474 — Corporates 800 800 — — Trading – other 183 183 — — Trading securities 17,059 1,585 15,474 — U.S. Treasury 382,135 382,135 — — U.S. Agencies 152,778 — 152,778 — Mortgage-backed 5,408,222 — 5,408,222 — State and political subdivisions 2,046,511 — 2,046,511 — Corporates 366,085 366,085 — — Collateralized loan obligations 194,362 — 194,362 — Available-for-sale securities 8,550,093 748,220 7,801,873 — Equity securities with readily determinable fair values 53,056 53,056 — — Company-owned life insurance 65,094 — 65,094 — Bank-owned life insurance 501,308 — 501,308 — Derivatives 19,973 — 19,973 — Total $ 9,206,583 $ 802,861 $ 8,403,722 $ — Liabilities Derivatives $ 43,016 $ — $ 43,016 $ — Securities sold not yet purchased 1,621 — 1,621 — Total $ 44,637 $ — $ 44,637 $ — Fair Value Measurement at December 31, 2021 Description December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets U.S. Treasury $ 1,625 $ 1,625 $ — $ — U.S. Agencies 2,159 — 2,159 — Mortgage-backed 2,060 — 2,060 — State and political subdivisions 21,671 — 21,671 — Corporates 4,000 4,000 — — Trading – other 360 360 — — Trading securities 31,875 5,985 25,890 — U.S. Treasury 69,174 69,174 — — U.S. Agencies 124,932 — 124,932 — Mortgage-backed 7,965,055 — 7,965,055 — State and political subdivisions 3,422,688 — 3,422,688 — Corporates 317,846 317,846 — — Collateralized loan obligations 76,819 — 76,819 — Available for sale securities 11,976,514 387,020 11,589,494 — Equity securities with readily determinable fair values 64,149 64,149 — — Company-owned life insurance 65,245 — 65,245 — Bank-owned life insurance 498,373 — 498,373 — Derivatives 57,680 — 57,680 — Total $ 12,693,836 $ 457,154 $ 12,236,682 $ — Liabilities Derivatives $ 13,944 $ — $ 13,944 $ — Securities sold not yet purchased 3,197 — 3,197 — Total $ 17,141 $ — $ 17,141 $ — |
Assets Measured at Fair Value on Non-Recurring Basis | Assets measured at fair value on a non-recurring basis as of March 31, 2022 and December 31, 2021 (in thousands): Fair Value Measurement at March 31, 2022 Using Description March 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Losses Recognized During the Three Months Ended March 31 Collateral dependent assets $ 10,916 $ — $ — $ 10,916 $ (6,278 ) Other real estate owned — — — — — Total $ 10,916 $ — $ — $ 10,916 $ (6,278 ) Fair Value Measurement at December 31, 2021 Using Description December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Gains Recognized During the Twelve Months Ended December 31 Collateral dependent assets $ 46,979 $ — $ — $ 46,979 $ 1,521 Other real estate owned — — — — — Total $ 46,979 $ — $ — $ 46,979 $ 1,521 |
Estimated Fair Value of Financial Instruments | The estimated fair value of the Company’s financial instruments at March 31, 2022 and December 31, 2021 are as follows (in thousands): Fair Value Measurement at March 31, 2022 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value FINANCIAL ASSETS Cash and short-term investments $ 8,033,522 $ 6,715,213 $ 1,318,309 $ — $ 8,033,522 Securities available for sale 8,550,093 748,220 7,801,873 — 8,550,093 Securities held to maturity (exclusive of allowance for credit losses) 4,602,232 — 4,393,455 — 4,393,455 Trading securities 17,059 1,585 15,474 — 17,059 Other securities 332,123 53,056 279,067 — 332,123 Loans (exclusive of allowance for credit losses) 17,732,083 — 17,820,959 — 17,820,959 Derivatives 19,973 — 19,973 — 19,973 FINANCIAL LIABILITIES Demand and savings deposits 33,775,532 33,775,532 — — 33,775,532 Time deposits 587,033 — 587,033 — 587,033 Other borrowings 2,840,535 85,791 2,754,744 — 2,840,535 Long-term debt 272,036 — 278,844 — 278,844 Derivatives 43,016 — 43,016 — 43,016 OFF-BALANCE SHEET ARRANGEMENTS Commitments to extend credit for loans 2,167 Commercial letters of credit 47 Standby letters of credit 924 Fair Value Measurement at December 31, 2021 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Estimated Fair Value FINANCIAL ASSETS Cash and short-term investments $ 10,472,084 $ 9,255,727 $ 1,216,357 $ — $ 10,472,084 Securities available for sale 11,976,514 387,020 11,589,494 — 11,976,514 Securities held to maturity (exclusive of allowance for credit losses) 1,480,416 — 1,442,391 — 1,442,391 Trading securities 31,875 5,985 25,890 — 31,875 Other securities 327,098 64,149 262,949 — 327,098 Loans (exclusive of allowance for credit losses) 17,172,148 — 17,506,662 — 17,506,662 Derivatives 57,680 — 57,680 — 57,680 FINANCIAL LIABILITIES Demand and savings deposits 34,748,286 34,748,286 — — 34,748,286 Time deposits 851,641 — 851,641 — 851,641 Other borrowings 3,238,435 12,597 3,225,838 — 3,238,435 Long-term debt 271,544 — 285,961 — 285,961 Derivatives 13,944 — 13,944 — 13,944 OFF-BALANCE SHEET ARRANGEMENTS Commitments to extend credit for loans 7,841 Commercial letters of credit 179 Standby letters of credit 3,553 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Summary of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 |
Accounting Policies [Abstract] | |||
Due from the FRB | $ 6,328,886 | $ 3,806,302 | |
Cash and due from banks | 357,772 | $ 413,821 | 387,230 |
Cash and cash equivalents at end of period | $ 6,686,658 | $ 4,193,532 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Accounting Policies [Abstract] | ||
Interest bearing amounts held at other financial institutions | $ 27.1 | $ 54.5 |
Dilutive effect of common stock issuable upon exercise of options | 425,337 | 424,109 |
Anti-dilutive shares | 0 | 0 |
Loans and Allowance for Credi_3
Loans and Allowance for Credit Losses - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2021USD ($) | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Proceeds from sales of loans held for sale | $ 9,493,000 | $ 43,163,000 | |
Nonaccrual Loans | 110,356,000 | $ 92,300,000 | |
Restructured loans | 7,100,000 | 7,300,000 | |
Total Past Due | 17,731,700,000 | 17,170,871,000 | |
Non accrual loans with no related allowance for credit losses | 100,989,000 | 85,948,000 | |
Accrued interest on loans | $ 47,600,000 | 45,200,000 | |
Number of reasonable and supportable forecast period | 1 year | ||
Commitments to lend to borrowers with loan modifications classified as TDR's | $ 0 | $ 0 | |
Number of Contracts | 0 | 0 | |
Default payment of troubled restructuring | $ 0 | $ 0 | |
Minimum [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Number of reasonable and supportable forecast period | 1 year | ||
Maximum [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Number of reasonable and supportable forecast period | 3 years | ||
Individually Evaluated Loans and Collateral Dependent Assets [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans associated allowance | 1,000,000 | ||
Greater than 90 days Past Due and Accruing [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Total Past Due | $ 3,600,000 | $ 2,633,000 | |
Factoring Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Sale of loan portfolio | 82,600,000 | ||
Gain of sale of loan portfolio | 2,400,000 | ||
Consumer Real Estate [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Proceeds from sales of loans held for sale | $ 9,500,000 | $ 43,200,000 |
Loans and Allowance for Credi_4
Loans and Allowance for Credit Losses - Summary of Loan Classes and Aging of Past Due Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 17,731,700 | $ 17,170,871 |
Nonaccrual Loans | 110,356 | 92,300 |
30-89 Days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 17,159 | 6,509 |
Greater than 90 days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 3,600 | 2,633 |
Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 131,115 | 101,442 |
Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 17,600,585 | 17,069,429 |
Commercial and Industrial Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,613,899 | 7,258,120 |
Nonaccrual Loans | 91,053 | 82,845 |
Commercial and Industrial Portfolio [Member] | 30-89 Days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 4,564 | 2,827 |
Commercial and Industrial Portfolio [Member] | Greater than 90 days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,375 | 896 |
Commercial and Industrial Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 96,992 | 86,568 |
Commercial and Industrial Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,516,907 | 7,171,552 |
Specialty Lending Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 505,860 | 522,362 |
Nonaccrual Loans | 11,797 | |
Specialty Lending Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 11,797 | |
Specialty Lending Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 494,063 | 522,362 |
Commercial Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 6,419,510 | 6,267,544 |
Nonaccrual Loans | 2,651 | 4,688 |
Commercial Real Estate Portfolio [Member] | 30-89 Days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 9,470 | 962 |
Commercial Real Estate Portfolio [Member] | Greater than 90 days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 463 | |
Commercial Real Estate Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 12,584 | 5,650 |
Commercial Real Estate Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 6,406,926 | 6,261,894 |
Consumer Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 2,393,314 | 2,320,033 |
Nonaccrual Loans | 3,892 | 4,210 |
Consumer Real Estate Portfolio [Member] | 30-89 Days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,397 | 246 |
Consumer Real Estate Portfolio [Member] | Greater than 90 days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 489 | |
Consumer Real Estate Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 5,289 | 4,945 |
Consumer Real Estate Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 2,388,025 | 2,315,088 |
Consumer Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 132,815 | 129,135 |
Nonaccrual Loans | 572 | 75 |
Consumer Portfolio [Member] | 30-89 Days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 49 | 105 |
Consumer Portfolio [Member] | Greater than 90 days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1 | 2 |
Consumer Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 622 | 182 |
Consumer Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 132,193 | 128,953 |
Credit Cards Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 397,100 | 391,389 |
Nonaccrual Loans | 366 | 457 |
Credit Cards Portfolio [Member] | 30-89 Days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,679 | 2,369 |
Credit Cards Portfolio [Member] | Greater than 90 days Past Due and Accruing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,761 | 1,246 |
Credit Cards Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 3,806 | 4,072 |
Credit Cards Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 393,294 | 387,317 |
Leases and Other Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 269,202 | 282,288 |
Nonaccrual Loans | 25 | 25 |
Leases and Other Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 25 | 25 |
Leases and Other Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 269,177 | $ 282,263 |
Loans and Allowance for Credi_5
Loans and Allowance for Credit Losses - Summary of Amortized Cost of Nonaccrual Loans with No Related Allowance (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | $ 110,356 | $ 92,300 |
Amortized Cost of Nonaccrual Loans with no related Allowance | 100,989 | 85,948 |
Commercial and Industrial Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 91,053 | 82,845 |
Amortized Cost of Nonaccrual Loans with no related Allowance | 81,686 | 76,493 |
Specialty Lending Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 11,797 | |
Amortized Cost of Nonaccrual Loans with no related Allowance | 11,797 | |
Commercial Real Estate Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 2,651 | 4,688 |
Amortized Cost of Nonaccrual Loans with no related Allowance | 2,651 | 4,688 |
Consumer Real Estate Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 3,892 | 4,210 |
Amortized Cost of Nonaccrual Loans with no related Allowance | 3,892 | 4,210 |
Consumer Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 572 | 75 |
Amortized Cost of Nonaccrual Loans with no related Allowance | 572 | 75 |
Credit Cards Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 366 | 457 |
Amortized Cost of Nonaccrual Loans with no related Allowance | 366 | 457 |
Leases and Other Portfolio [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Nonaccrual Loans | 25 | 25 |
Amortized Cost of Nonaccrual Loans with no related Allowance | $ 25 | $ 25 |
Loans and Allowance for Credi_6
Loans and Allowance for Credit Losses - Summary of Amortized Cost Balance of Each of Loan Classes Disaggregated by Collateral Type and Origination Year (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | $ 1,306,761 | $ 5,779,727 |
Amortized Cost Basis by Origination Year 2021 | 5,484,611 | 3,516,428 |
Amortized Cost Basis by Origination Year 2020 | 3,223,619 | 1,605,604 |
Amortized Cost Basis by Origination Year 2019 | 1,401,192 | 633,731 |
Amortized Cost Basis by Origination Year 2018 | 505,441 | 435,695 |
Amortized Cost Basis by Origination Year Prior to 2018 | 977,880 | 705,980 |
Amortized Cost - Revolving Loans | 4,797,418 | 4,489,817 |
Amortized Cost - Revolving Loans Converted to Term Loans | 34,778 | 3,889 |
Total | 17,731,700 | 17,170,871 |
Commercial and Industrial Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 471,277 | 2,412,187 |
Amortized Cost Basis by Origination Year 2021 | 2,174,369 | 951,267 |
Amortized Cost Basis by Origination Year 2020 | 820,154 | 359,656 |
Amortized Cost Basis by Origination Year 2019 | 330,714 | 151,532 |
Amortized Cost Basis by Origination Year 2018 | 130,047 | 115,915 |
Amortized Cost Basis by Origination Year Prior to 2018 | 168,051 | 133,043 |
Amortized Cost - Revolving Loans | 3,487,471 | 3,134,273 |
Amortized Cost - Revolving Loans Converted to Term Loans | 31,816 | 247 |
Total | 7,613,899 | 7,258,120 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 469,143 | 2,400,110 |
Amortized Cost Basis by Origination Year 2021 | 2,163,848 | 945,383 |
Amortized Cost Basis by Origination Year 2020 | 814,546 | 356,348 |
Amortized Cost Basis by Origination Year 2019 | 327,868 | 150,892 |
Amortized Cost Basis by Origination Year 2018 | 129,190 | 115,571 |
Amortized Cost Basis by Origination Year Prior to 2018 | 167,029 | 131,900 |
Amortized Cost - Revolving Loans | 3,362,138 | 2,984,740 |
Amortized Cost - Revolving Loans Converted to Term Loans | 31,816 | 247 |
Total | 7,465,578 | 7,085,191 |
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 2,134 | 12,077 |
Amortized Cost Basis by Origination Year 2021 | 10,521 | 5,884 |
Amortized Cost Basis by Origination Year 2020 | 5,608 | 3,308 |
Amortized Cost Basis by Origination Year 2019 | 2,846 | 640 |
Amortized Cost Basis by Origination Year 2018 | 857 | 344 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,022 | 1,143 |
Amortized Cost - Revolving Loans | 119,042 | 130,946 |
Total | 142,030 | 154,342 |
Commercial and Industrial Portfolio [Member] | Overdrafts [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 6,291 | 18,587 |
Total | 6,291 | 18,587 |
Specialty Lending Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 381 | 34,552 |
Amortized Cost Basis by Origination Year 2021 | 41,195 | 49,373 |
Amortized Cost Basis by Origination Year 2020 | 46,958 | |
Amortized Cost - Revolving Loans | 417,326 | 438,437 |
Total | 505,860 | 522,362 |
Specialty Lending Portfolio [Member] | Asset-based Lending [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 381 | 34,552 |
Amortized Cost Basis by Origination Year 2021 | 41,195 | 49,373 |
Amortized Cost Basis by Origination Year 2020 | 46,958 | |
Amortized Cost - Revolving Loans | 417,326 | 331,282 |
Total | 505,860 | 415,207 |
Specialty Lending Portfolio [Member] | Factoring [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 107,155 | |
Total | 107,155 | |
Commercial Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 640,803 | 2,350,910 |
Amortized Cost Basis by Origination Year 2021 | 2,318,920 | 1,742,749 |
Amortized Cost Basis by Origination Year 2020 | 1,620,730 | 975,704 |
Amortized Cost Basis by Origination Year 2019 | 812,421 | 396,747 |
Amortized Cost Basis by Origination Year 2018 | 294,701 | 247,282 |
Amortized Cost Basis by Origination Year Prior to 2018 | 638,004 | 459,957 |
Amortized Cost - Revolving Loans | 93,931 | 93,196 |
Amortized Cost - Revolving Loans Converted to Term Loans | 999 | |
Total | 6,419,510 | 6,267,544 |
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 222,719 | 680,135 |
Amortized Cost Basis by Origination Year 2021 | 655,646 | 519,448 |
Amortized Cost Basis by Origination Year 2020 | 463,030 | 226,631 |
Amortized Cost Basis by Origination Year 2019 | 205,136 | 177,576 |
Amortized Cost Basis by Origination Year 2018 | 157,972 | 91,539 |
Amortized Cost Basis by Origination Year Prior to 2018 | 237,072 | 159,482 |
Amortized Cost - Revolving Loans | 30,383 | 11,727 |
Total | 1,971,958 | 1,866,538 |
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 299,175 | 1,058,025 |
Amortized Cost Basis by Origination Year 2021 | 980,164 | 689,167 |
Amortized Cost Basis by Origination Year 2020 | 628,839 | 591,886 |
Amortized Cost Basis by Origination Year 2019 | 490,943 | 162,491 |
Amortized Cost Basis by Origination Year 2018 | 117,452 | 135,100 |
Amortized Cost Basis by Origination Year Prior to 2018 | 339,899 | 258,541 |
Amortized Cost - Revolving Loans | 9,973 | 10,969 |
Total | 2,866,445 | 2,906,179 |
Commercial Real Estate Portfolio [Member] | Farmland [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 16,236 | 61,505 |
Amortized Cost Basis by Origination Year 2021 | 65,635 | 273,624 |
Amortized Cost Basis by Origination Year 2020 | 261,388 | 34,145 |
Amortized Cost Basis by Origination Year 2019 | 28,963 | 16,969 |
Amortized Cost Basis by Origination Year 2018 | 17,528 | 19,929 |
Amortized Cost Basis by Origination Year Prior to 2018 | 53,334 | 34,858 |
Amortized Cost - Revolving Loans | 32,177 | 38,239 |
Amortized Cost - Revolving Loans Converted to Term Loans | 999 | |
Total | 475,261 | 480,268 |
Commercial Real Estate Portfolio [Member] | 5+ Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 32,049 | 58,268 |
Amortized Cost Basis by Origination Year 2021 | 30,783 | 95,024 |
Amortized Cost Basis by Origination Year 2020 | 98,196 | 41,426 |
Amortized Cost Basis by Origination Year 2019 | 19,354 | 1,206 |
Amortized Cost Basis by Origination Year 2018 | 1,687 | 511 |
Amortized Cost Basis by Origination Year Prior to 2018 | 7,255 | 6,820 |
Amortized Cost - Revolving Loans | 4,485 | 2,057 |
Total | 193,809 | 205,312 |
Commercial Real Estate Portfolio [Member] | 1-4 Family Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 16,137 | 53,004 |
Amortized Cost Basis by Origination Year 2021 | 45,105 | 4,933 |
Amortized Cost Basis by Origination Year 2020 | 741 | 17,333 |
Amortized Cost Basis by Origination Year 2019 | 6,753 | |
Amortized Cost - Revolving Loans | 2,412 | 985 |
Total | 71,148 | 76,255 |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 54,487 | 439,973 |
Amortized Cost Basis by Origination Year 2021 | 541,587 | 160,553 |
Amortized Cost Basis by Origination Year 2020 | 168,536 | 64,283 |
Amortized Cost Basis by Origination Year 2019 | 61,272 | 38,505 |
Amortized Cost Basis by Origination Year 2018 | 62 | 203 |
Amortized Cost Basis by Origination Year Prior to 2018 | 444 | 256 |
Amortized Cost - Revolving Loans | 14,501 | 29,219 |
Total | 840,889 | 732,992 |
Consumer Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 183,936 | 839,875 |
Amortized Cost Basis by Origination Year 2021 | 812,250 | 719,110 |
Amortized Cost Basis by Origination Year 2020 | 681,707 | 203,855 |
Amortized Cost Basis by Origination Year 2019 | 191,818 | 60,458 |
Amortized Cost Basis by Origination Year 2018 | 56,823 | 63,107 |
Amortized Cost Basis by Origination Year Prior to 2018 | 162,120 | 110,659 |
Amortized Cost - Revolving Loans | 302,968 | 320,446 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,692 | 2,523 |
Total | 2,393,314 | 2,320,033 |
Consumer Real Estate Portfolio [Member] | HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 248 | |
Amortized Cost Basis by Origination Year 2021 | 195 | 547 |
Amortized Cost Basis by Origination Year 2020 | 514 | 327 |
Amortized Cost Basis by Origination Year 2019 | 344 | 574 |
Amortized Cost Basis by Origination Year 2018 | 567 | 646 |
Amortized Cost Basis by Origination Year Prior to 2018 | 6,529 | 6,363 |
Amortized Cost - Revolving Loans | 302,902 | 320,410 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,692 | 2,523 |
Total | 312,743 | 331,638 |
Consumer Real Estate Portfolio [Member] | First Lien: 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 182,247 | 830,513 |
Amortized Cost Basis by Origination Year 2021 | 803,684 | 712,264 |
Amortized Cost Basis by Origination Year 2020 | 675,494 | 200,167 |
Amortized Cost Basis by Origination Year 2019 | 188,428 | 58,734 |
Amortized Cost Basis by Origination Year 2018 | 55,015 | 61,641 |
Amortized Cost Basis by Origination Year Prior to 2018 | 153,632 | 102,997 |
Amortized Cost - Revolving Loans | 19 | 19 |
Total | 2,058,519 | 1,966,335 |
Consumer Real Estate Portfolio [Member] | Junior Lien: 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 1,689 | 9,114 |
Amortized Cost Basis by Origination Year 2021 | 8,371 | 6,299 |
Amortized Cost Basis by Origination Year 2020 | 5,699 | 3,361 |
Amortized Cost Basis by Origination Year 2019 | 3,046 | 1,150 |
Amortized Cost Basis by Origination Year 2018 | 1,241 | 820 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,959 | 1,299 |
Amortized Cost - Revolving Loans | 47 | 17 |
Total | 22,052 | 22,060 |
Consumer Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 9,828 | 42,251 |
Amortized Cost Basis by Origination Year 2021 | 39,729 | 9,816 |
Amortized Cost Basis by Origination Year 2020 | 8,485 | 7,411 |
Amortized Cost Basis by Origination Year 2019 | 6,212 | 2,650 |
Amortized Cost Basis by Origination Year 2018 | 2,229 | 3,021 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,797 | 928 |
Amortized Cost - Revolving Loans | 62,265 | 62,938 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,270 | 120 |
Total | 132,815 | 129,135 |
Consumer Portfolio [Member] | Revolving Line [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 179 | 974 |
Amortized Cost Basis by Origination Year 2021 | 971 | |
Amortized Cost - Revolving Loans | 58,028 | 60,049 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,270 | 120 |
Total | 60,448 | 61,143 |
Consumer Portfolio [Member] | Auto [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 2,666 | 9,886 |
Amortized Cost Basis by Origination Year 2021 | 9,014 | 7,775 |
Amortized Cost Basis by Origination Year 2020 | 6,794 | 5,462 |
Amortized Cost Basis by Origination Year 2019 | 4,577 | 1,107 |
Amortized Cost Basis by Origination Year 2018 | 810 | 479 |
Amortized Cost Basis by Origination Year Prior to 2018 | 486 | 220 |
Total | 24,347 | 24,929 |
Consumer Portfolio [Member] | Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 6,983 | 31,391 |
Amortized Cost Basis by Origination Year 2021 | 29,744 | 2,041 |
Amortized Cost Basis by Origination Year 2020 | 1,691 | 1,949 |
Amortized Cost Basis by Origination Year 2019 | 1,635 | 1,543 |
Amortized Cost Basis by Origination Year 2018 | 1,419 | 2,542 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,311 | 708 |
Amortized Cost - Revolving Loans | 4,237 | 2,889 |
Total | 48,020 | 43,063 |
Credit Cards Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 397,100 | 391,389 |
Total | 397,100 | 391,389 |
Credit Cards Portfolio [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 171,735 | 180,296 |
Total | 171,735 | 180,296 |
Credit Cards Portfolio [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 225,365 | 211,093 |
Total | 225,365 | 211,093 |
Leases and Other Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 536 | 99,952 |
Amortized Cost Basis by Origination Year 2021 | 98,148 | 44,113 |
Amortized Cost Basis by Origination Year 2020 | 45,585 | 58,978 |
Amortized Cost Basis by Origination Year 2019 | 60,027 | 22,344 |
Amortized Cost Basis by Origination Year 2018 | 21,641 | 6,370 |
Amortized Cost Basis by Origination Year Prior to 2018 | 6,908 | 1,393 |
Amortized Cost - Revolving Loans | 36,357 | 49,138 |
Total | 269,202 | 282,288 |
Leases and Other Portfolio [Member] | Leases [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2020 | 814 | |
Amortized Cost Basis by Origination Year 2019 | 814 | |
Amortized Cost Basis by Origination Year 2018 | 739 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,323 | 614 |
Total | 2,137 | 2,167 |
Leases and Other Portfolio [Member] | Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 536 | 99,952 |
Amortized Cost Basis by Origination Year 2021 | 98,148 | 44,113 |
Amortized Cost Basis by Origination Year 2020 | 45,585 | 58,164 |
Amortized Cost Basis by Origination Year 2019 | 59,213 | 22,344 |
Amortized Cost Basis by Origination Year 2018 | 21,641 | 5,631 |
Amortized Cost Basis by Origination Year Prior to 2018 | 5,585 | 779 |
Amortized Cost - Revolving Loans | 36,357 | 49,138 |
Total | $ 267,065 | $ 280,121 |
Loans and Allowance for Credi_7
Loans and Allowance for Credit Losses - Summary of Amortized Cost Balance by Collateral Type and Risk Rating (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | $ 1,306,761 | $ 5,779,727 |
Amortized Cost Basis by Origination Year 2021 | 5,484,611 | 3,516,428 |
Amortized Cost Basis by Origination Year 2020 | 3,223,619 | 1,605,604 |
Amortized Cost Basis by Origination Year 2019 | 1,401,192 | 633,731 |
Amortized Cost Basis by Origination Year 2018 | 505,441 | 435,695 |
Amortized Cost Basis by Origination Year Prior to 2018 | 977,880 | 705,980 |
Amortized Cost - Revolving Loans | 4,797,418 | 4,489,817 |
Amortized Cost - Revolving Loans Converted to Term Loans | 34,778 | 3,889 |
Total | 17,731,700 | 17,170,871 |
Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 17,600,585 | 17,069,429 |
Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 131,115 | 101,442 |
Commercial and Industrial Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 471,277 | 2,412,187 |
Amortized Cost Basis by Origination Year 2021 | 2,174,369 | 951,267 |
Amortized Cost Basis by Origination Year 2020 | 820,154 | 359,656 |
Amortized Cost Basis by Origination Year 2019 | 330,714 | 151,532 |
Amortized Cost Basis by Origination Year 2018 | 130,047 | 115,915 |
Amortized Cost Basis by Origination Year Prior to 2018 | 168,051 | 133,043 |
Amortized Cost - Revolving Loans | 3,487,471 | 3,134,273 |
Amortized Cost - Revolving Loans Converted to Term Loans | 31,816 | 247 |
Total | 7,613,899 | 7,258,120 |
Commercial and Industrial Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 7,516,907 | 7,171,552 |
Commercial and Industrial Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 96,992 | 86,568 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 469,143 | 2,400,110 |
Amortized Cost Basis by Origination Year 2021 | 2,163,848 | 945,383 |
Amortized Cost Basis by Origination Year 2020 | 814,546 | 356,348 |
Amortized Cost Basis by Origination Year 2019 | 327,868 | 150,892 |
Amortized Cost Basis by Origination Year 2018 | 129,190 | 115,571 |
Amortized Cost Basis by Origination Year Prior to 2018 | 167,029 | 131,900 |
Amortized Cost - Revolving Loans | 3,362,138 | 2,984,740 |
Amortized Cost - Revolving Loans Converted to Term Loans | 31,816 | 247 |
Total | 7,465,578 | 7,085,191 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 443,997 | 2,299,784 |
Amortized Cost Basis by Origination Year 2021 | 2,048,497 | 874,786 |
Amortized Cost Basis by Origination Year 2020 | 745,218 | 325,630 |
Amortized Cost Basis by Origination Year 2019 | 298,758 | 141,667 |
Amortized Cost Basis by Origination Year 2018 | 120,445 | 106,141 |
Amortized Cost Basis by Origination Year Prior to 2018 | 157,038 | 130,153 |
Amortized Cost - Revolving Loans | 3,138,826 | 2,750,764 |
Amortized Cost - Revolving Loans Converted to Term Loans | 31,698 | 247 |
Total | 6,984,477 | 6,629,172 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 15,779 | 68,322 |
Amortized Cost Basis by Origination Year 2021 | 103,276 | 34,324 |
Amortized Cost Basis by Origination Year 2020 | 32,486 | 25,572 |
Amortized Cost Basis by Origination Year 2019 | 22,977 | 5,056 |
Amortized Cost Basis by Origination Year 2018 | 4,771 | 1,794 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,150 | 698 |
Amortized Cost - Revolving Loans | 103,130 | 106,177 |
Total | 284,569 | 241,943 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 5,886 | |
Amortized Cost Basis by Origination Year 2021 | 2,984 | |
Amortized Cost Basis by Origination Year 2020 | 2,386 | 2,600 |
Amortized Cost Basis by Origination Year 2019 | 2,600 | 592 |
Amortized Cost Basis by Origination Year 2018 | 570 | 1,742 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,654 | 997 |
Amortized Cost - Revolving Loans | 38,673 | 41,209 |
Total | 49,867 | 53,026 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 9,367 | 25,466 |
Amortized Cost Basis by Origination Year 2021 | 8,812 | 3,023 |
Amortized Cost Basis by Origination Year 2020 | 1,206 | 2,546 |
Amortized Cost Basis by Origination Year 2019 | 3,533 | 3,577 |
Amortized Cost Basis by Origination Year 2018 | 3,404 | 1,202 |
Amortized Cost Basis by Origination Year Prior to 2018 | 660 | 52 |
Amortized Cost - Revolving Loans | 44,779 | 45,053 |
Amortized Cost - Revolving Loans Converted to Term Loans | 118 | |
Total | 71,879 | 80,919 |
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 652 | |
Amortized Cost Basis by Origination Year 2021 | 279 | 33,250 |
Amortized Cost Basis by Origination Year 2020 | 33,250 | |
Amortized Cost Basis by Origination Year 2018 | 4,692 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 4,527 | |
Amortized Cost - Revolving Loans | 36,730 | 41,537 |
Total | 74,786 | 80,131 |
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 2,134 | 12,077 |
Amortized Cost Basis by Origination Year 2021 | 10,521 | 5,884 |
Amortized Cost Basis by Origination Year 2020 | 5,608 | 3,308 |
Amortized Cost Basis by Origination Year 2019 | 2,846 | 640 |
Amortized Cost Basis by Origination Year 2018 | 857 | 344 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,022 | 1,143 |
Amortized Cost - Revolving Loans | 119,042 | 130,946 |
Total | 142,030 | 154,342 |
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 1,934 | 11,512 |
Amortized Cost Basis by Origination Year 2021 | 10,167 | 5,394 |
Amortized Cost Basis by Origination Year 2020 | 5,401 | 2,608 |
Amortized Cost Basis by Origination Year 2019 | 2,542 | 212 |
Amortized Cost Basis by Origination Year 2018 | 703 | 344 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,022 | 1,143 |
Amortized Cost - Revolving Loans | 101,422 | 100,630 |
Total | 123,191 | 121,843 |
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 500 | |
Amortized Cost Basis by Origination Year 2021 | 354 | 222 |
Amortized Cost Basis by Origination Year 2020 | 328 | |
Amortized Cost Basis by Origination Year 2019 | 304 | 428 |
Amortized Cost Basis by Origination Year 2018 | 154 | |
Amortized Cost - Revolving Loans | 3,632 | 6,532 |
Total | 4,444 | 8,010 |
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 200 | |
Amortized Cost Basis by Origination Year 2020 | 372 | |
Amortized Cost - Revolving Loans | 1,361 | |
Total | 200 | 1,733 |
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 65 | |
Amortized Cost Basis by Origination Year 2021 | 268 | |
Amortized Cost Basis by Origination Year 2020 | 207 | |
Amortized Cost - Revolving Loans | 13,988 | 22,423 |
Total | 14,195 | 22,756 |
Specialty Lending Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 381 | 34,552 |
Amortized Cost Basis by Origination Year 2021 | 41,195 | 49,373 |
Amortized Cost Basis by Origination Year 2020 | 46,958 | |
Amortized Cost - Revolving Loans | 417,326 | 438,437 |
Total | 505,860 | 522,362 |
Specialty Lending Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 494,063 | 522,362 |
Specialty Lending Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 11,797 | |
Specialty Lending Portfolio [Member] | Asset-based [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 381 | 34,552 |
Amortized Cost Basis by Origination Year 2021 | 41,195 | 49,373 |
Amortized Cost Basis by Origination Year 2020 | 46,958 | |
Amortized Cost - Revolving Loans | 417,326 | 331,282 |
Total | 505,860 | 415,207 |
Specialty Lending Portfolio [Member] | Asset-based [Member] | In-margin [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 495,318 | 409,844 |
Specialty Lending Portfolio [Member] | Asset-based [Member] | Out-of-margin [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 10,542 | 5,363 |
Specialty Lending Portfolio [Member] | Factoring [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 107,155 | |
Total | 107,155 | |
Specialty Lending Portfolio [Member] | Factoring [Member] | Tier 1 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 9,433 | |
Specialty Lending Portfolio [Member] | Factoring [Member] | Tier 2 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 65,149 | |
Specialty Lending Portfolio [Member] | Factoring [Member] | Individually Evaluated [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 32,573 | |
Commercial Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 640,803 | 2,350,910 |
Amortized Cost Basis by Origination Year 2021 | 2,318,920 | 1,742,749 |
Amortized Cost Basis by Origination Year 2020 | 1,620,730 | 975,704 |
Amortized Cost Basis by Origination Year 2019 | 812,421 | 396,747 |
Amortized Cost Basis by Origination Year 2018 | 294,701 | 247,282 |
Amortized Cost Basis by Origination Year Prior to 2018 | 638,004 | 459,957 |
Amortized Cost - Revolving Loans | 93,931 | 93,196 |
Amortized Cost - Revolving Loans Converted to Term Loans | 999 | |
Total | 6,419,510 | 6,267,544 |
Commercial Real Estate Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 6,406,926 | 6,261,894 |
Commercial Real Estate Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 12,584 | 5,650 |
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 222,719 | 680,135 |
Amortized Cost Basis by Origination Year 2021 | 655,646 | 519,448 |
Amortized Cost Basis by Origination Year 2020 | 463,030 | 226,631 |
Amortized Cost Basis by Origination Year 2019 | 205,136 | 177,576 |
Amortized Cost Basis by Origination Year 2018 | 157,972 | 91,539 |
Amortized Cost Basis by Origination Year Prior to 2018 | 237,072 | 159,482 |
Amortized Cost - Revolving Loans | 30,383 | 11,727 |
Total | 1,971,958 | 1,866,538 |
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 220,777 | 679,662 |
Amortized Cost Basis by Origination Year 2021 | 654,551 | 507,220 |
Amortized Cost Basis by Origination Year 2020 | 451,647 | 208,376 |
Amortized Cost Basis by Origination Year 2019 | 175,858 | 174,352 |
Amortized Cost Basis by Origination Year 2018 | 156,402 | 89,588 |
Amortized Cost Basis by Origination Year Prior to 2018 | 230,287 | 154,920 |
Amortized Cost - Revolving Loans | 30,283 | 11,627 |
Total | 1,919,805 | 1,825,745 |
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 1,942 | 191 |
Amortized Cost Basis by Origination Year 2021 | 820 | 10,891 |
Amortized Cost Basis by Origination Year 2020 | 10,090 | 16,493 |
Amortized Cost Basis by Origination Year 2019 | 9,843 | 1,055 |
Amortized Cost Basis by Origination Year 2018 | 1,048 | 1,143 |
Amortized Cost Basis by Origination Year Prior to 2018 | 3,466 | 1,572 |
Total | 27,209 | 31,345 |
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 93 | |
Amortized Cost Basis by Origination Year 2021 | 90 | 1,304 |
Amortized Cost Basis by Origination Year 2020 | 1,263 | |
Amortized Cost Basis by Origination Year 2019 | 17,091 | |
Total | 18,444 | 1,397 |
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 189 | |
Amortized Cost Basis by Origination Year 2021 | 185 | 33 |
Amortized Cost Basis by Origination Year 2020 | 30 | 1,762 |
Amortized Cost Basis by Origination Year 2019 | 2,344 | 2,169 |
Amortized Cost Basis by Origination Year 2018 | 522 | 808 |
Amortized Cost Basis by Origination Year Prior to 2018 | 3,319 | 2,990 |
Amortized Cost - Revolving Loans | 100 | 100 |
Total | 6,500 | 8,051 |
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 299,175 | 1,058,025 |
Amortized Cost Basis by Origination Year 2021 | 980,164 | 689,167 |
Amortized Cost Basis by Origination Year 2020 | 628,839 | 591,886 |
Amortized Cost Basis by Origination Year 2019 | 490,943 | 162,491 |
Amortized Cost Basis by Origination Year 2018 | 117,452 | 135,100 |
Amortized Cost Basis by Origination Year Prior to 2018 | 339,899 | 258,541 |
Amortized Cost - Revolving Loans | 9,973 | 10,969 |
Total | 2,866,445 | 2,906,179 |
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 270,118 | 976,097 |
Amortized Cost Basis by Origination Year 2021 | 934,677 | 679,313 |
Amortized Cost Basis by Origination Year 2020 | 620,352 | 536,084 |
Amortized Cost Basis by Origination Year 2019 | 452,911 | 143,243 |
Amortized Cost Basis by Origination Year 2018 | 94,777 | 129,820 |
Amortized Cost Basis by Origination Year Prior to 2018 | 298,577 | 219,701 |
Amortized Cost - Revolving Loans | 9,973 | 10,969 |
Total | 2,681,385 | 2,695,227 |
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 29,057 | 57,052 |
Amortized Cost Basis by Origination Year 2021 | 45,487 | 1,277 |
Amortized Cost Basis by Origination Year 2020 | 55,802 | |
Amortized Cost Basis by Origination Year 2019 | 38,032 | 19,248 |
Amortized Cost Basis by Origination Year 2018 | 22,675 | 5,280 |
Amortized Cost Basis by Origination Year Prior to 2018 | 5,228 | 2,587 |
Total | 140,479 | 141,246 |
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 24,876 | |
Amortized Cost Basis by Origination Year 2021 | 8,577 | |
Amortized Cost Basis by Origination Year 2020 | 8,487 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 36,069 | 36,223 |
Total | 44,556 | 69,676 |
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year Prior to 2018 | 25 | 30 |
Total | 25 | 30 |
Commercial Real Estate Portfolio [Member] | Farmland [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 16,236 | 61,505 |
Amortized Cost Basis by Origination Year 2021 | 65,635 | 273,624 |
Amortized Cost Basis by Origination Year 2020 | 261,388 | 34,145 |
Amortized Cost Basis by Origination Year 2019 | 28,963 | 16,969 |
Amortized Cost Basis by Origination Year 2018 | 17,528 | 19,929 |
Amortized Cost Basis by Origination Year Prior to 2018 | 53,334 | 34,858 |
Amortized Cost - Revolving Loans | 32,177 | 38,239 |
Amortized Cost - Revolving Loans Converted to Term Loans | 999 | |
Total | 475,261 | 480,268 |
Commercial Real Estate Portfolio [Member] | Farmland [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 12,236 | 40,526 |
Amortized Cost Basis by Origination Year 2021 | 44,152 | 246,955 |
Amortized Cost Basis by Origination Year 2020 | 234,926 | 26,332 |
Amortized Cost Basis by Origination Year 2019 | 21,444 | 2,147 |
Amortized Cost Basis by Origination Year 2018 | 3,302 | 19,199 |
Amortized Cost Basis by Origination Year Prior to 2018 | 51,476 | 29,136 |
Amortized Cost - Revolving Loans | 23,939 | 28,276 |
Total | 391,475 | 392,571 |
Commercial Real Estate Portfolio [Member] | Farmland [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 2,263 | |
Amortized Cost Basis by Origination Year 2021 | 2,241 | 10,177 |
Amortized Cost Basis by Origination Year 2020 | 11,214 | |
Amortized Cost Basis by Origination Year 2019 | 823 | |
Amortized Cost Basis by Origination Year 2018 | 227 | 213 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,055 | 4,889 |
Total | 14,737 | 18,365 |
Commercial Real Estate Portfolio [Member] | Farmland [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 4,000 | 3,800 |
Amortized Cost Basis by Origination Year 2021 | 3,800 | |
Amortized Cost Basis by Origination Year 2020 | 6,875 | |
Amortized Cost Basis by Origination Year 2019 | 6,583 | 13,983 |
Amortized Cost Basis by Origination Year 2018 | 13,983 | 517 |
Amortized Cost - Revolving Loans | 7,274 | 8,999 |
Total | 35,640 | 34,174 |
Commercial Real Estate Portfolio [Member] | Farmland [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 14,916 | |
Amortized Cost Basis by Origination Year 2021 | 15,442 | 16,492 |
Amortized Cost Basis by Origination Year 2020 | 15,248 | 938 |
Amortized Cost Basis by Origination Year 2019 | 936 | 16 |
Amortized Cost Basis by Origination Year 2018 | 16 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 803 | 833 |
Amortized Cost - Revolving Loans | 964 | 964 |
Amortized Cost - Revolving Loans Converted to Term Loans | 999 | |
Total | 33,409 | 35,158 |
Commercial Real Estate Portfolio [Member] | 5+ Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 32,049 | 58,268 |
Amortized Cost Basis by Origination Year 2021 | 30,783 | 95,024 |
Amortized Cost Basis by Origination Year 2020 | 98,196 | 41,426 |
Amortized Cost Basis by Origination Year 2019 | 19,354 | 1,206 |
Amortized Cost Basis by Origination Year 2018 | 1,687 | 511 |
Amortized Cost Basis by Origination Year Prior to 2018 | 7,255 | 6,820 |
Amortized Cost - Revolving Loans | 4,485 | 2,057 |
Total | 193,809 | 205,312 |
Commercial Real Estate Portfolio [Member] | 5+ Multi-family [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 32,049 | 58,268 |
Amortized Cost Basis by Origination Year 2021 | 30,783 | 95,024 |
Amortized Cost Basis by Origination Year 2020 | 98,196 | 41,426 |
Amortized Cost Basis by Origination Year 2019 | 19,354 | 1,206 |
Amortized Cost Basis by Origination Year 2018 | 1,687 | 511 |
Amortized Cost Basis by Origination Year Prior to 2018 | 7,255 | 6,820 |
Amortized Cost - Revolving Loans | 4,485 | 2,057 |
Total | 193,809 | 205,312 |
Commercial Real Estate Portfolio [Member] | 1-4 Family Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 16,137 | 53,004 |
Amortized Cost Basis by Origination Year 2021 | 45,105 | 4,933 |
Amortized Cost Basis by Origination Year 2020 | 741 | 17,333 |
Amortized Cost Basis by Origination Year 2019 | 6,753 | |
Amortized Cost - Revolving Loans | 2,412 | 985 |
Total | 71,148 | 76,255 |
Commercial Real Estate Portfolio [Member] | 1-4 Family Construction [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 16,137 | 53,004 |
Amortized Cost Basis by Origination Year 2021 | 45,105 | 4,933 |
Amortized Cost Basis by Origination Year 2020 | 741 | 17,333 |
Amortized Cost Basis by Origination Year 2019 | 6,753 | |
Amortized Cost - Revolving Loans | 2,412 | 985 |
Total | 71,148 | 76,255 |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 54,487 | 439,973 |
Amortized Cost Basis by Origination Year 2021 | 541,587 | 160,553 |
Amortized Cost Basis by Origination Year 2020 | 168,536 | 64,283 |
Amortized Cost Basis by Origination Year 2019 | 61,272 | 38,505 |
Amortized Cost Basis by Origination Year 2018 | 62 | 203 |
Amortized Cost Basis by Origination Year Prior to 2018 | 444 | 256 |
Amortized Cost - Revolving Loans | 14,501 | 29,219 |
Total | 840,889 | 732,992 |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 54,487 | 436,696 |
Amortized Cost Basis by Origination Year 2021 | 521,028 | 160,553 |
Amortized Cost Basis by Origination Year 2020 | 168,536 | 62,675 |
Amortized Cost Basis by Origination Year 2019 | 61,186 | 38,505 |
Amortized Cost Basis by Origination Year 2018 | 62 | 203 |
Amortized Cost Basis by Origination Year Prior to 2018 | 427 | 239 |
Amortized Cost - Revolving Loans | 14,501 | 29,219 |
Total | 820,227 | 728,090 |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 3,277 | |
Amortized Cost Basis by Origination Year 2021 | 4,114 | |
Total | 4,114 | 3,277 |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2021 | 16,445 | |
Total | 16,445 | |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2020 | 1,522 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 17 | 17 |
Total | 17 | 1,539 |
Commercial Real Estate Portfolio [Member] | General Construction [Member] | Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2020 | 86 | |
Amortized Cost Basis by Origination Year 2019 | 86 | |
Total | 86 | 86 |
Consumer Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 183,936 | 839,875 |
Amortized Cost Basis by Origination Year 2021 | 812,250 | 719,110 |
Amortized Cost Basis by Origination Year 2020 | 681,707 | 203,855 |
Amortized Cost Basis by Origination Year 2019 | 191,818 | 60,458 |
Amortized Cost Basis by Origination Year 2018 | 56,823 | 63,107 |
Amortized Cost Basis by Origination Year Prior to 2018 | 162,120 | 110,659 |
Amortized Cost - Revolving Loans | 302,968 | 320,446 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,692 | 2,523 |
Total | 2,393,314 | 2,320,033 |
Consumer Real Estate Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,388,025 | 2,315,088 |
Consumer Real Estate Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 5,289 | 4,945 |
Consumer Real Estate Portfolio [Member] | HELOC [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 248 | |
Amortized Cost Basis by Origination Year 2021 | 195 | 547 |
Amortized Cost Basis by Origination Year 2020 | 514 | 327 |
Amortized Cost Basis by Origination Year 2019 | 344 | 574 |
Amortized Cost Basis by Origination Year 2018 | 567 | 646 |
Amortized Cost Basis by Origination Year Prior to 2018 | 6,529 | 6,363 |
Amortized Cost - Revolving Loans | 302,902 | 320,410 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,692 | 2,523 |
Total | 312,743 | 331,638 |
Consumer Real Estate Portfolio [Member] | HELOC [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 248 | |
Amortized Cost Basis by Origination Year 2021 | 195 | 531 |
Amortized Cost Basis by Origination Year 2020 | 514 | 188 |
Amortized Cost Basis by Origination Year 2019 | 206 | 165 |
Amortized Cost Basis by Origination Year 2018 | 164 | 381 |
Amortized Cost Basis by Origination Year Prior to 2018 | 4,873 | 4,956 |
Amortized Cost - Revolving Loans | 302,804 | 320,241 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,538 | 2,440 |
Total | 310,294 | 329,150 |
Consumer Real Estate Portfolio [Member] | HELOC [Member] | Non-performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2021 | 16 | |
Amortized Cost Basis by Origination Year 2020 | 139 | |
Amortized Cost Basis by Origination Year 2019 | 138 | 409 |
Amortized Cost Basis by Origination Year 2018 | 403 | 265 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,656 | 1,407 |
Amortized Cost - Revolving Loans | 98 | 169 |
Amortized Cost - Revolving Loans Converted to Term Loans | 154 | 83 |
Total | 2,449 | 2,488 |
Consumer Real Estate Portfolio [Member] | First Lien: 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 182,247 | 830,513 |
Amortized Cost Basis by Origination Year 2021 | 803,684 | 712,264 |
Amortized Cost Basis by Origination Year 2020 | 675,494 | 200,167 |
Amortized Cost Basis by Origination Year 2019 | 188,428 | 58,734 |
Amortized Cost Basis by Origination Year 2018 | 55,015 | 61,641 |
Amortized Cost Basis by Origination Year Prior to 2018 | 153,632 | 102,997 |
Amortized Cost - Revolving Loans | 19 | 19 |
Total | 2,058,519 | 1,966,335 |
Consumer Real Estate Portfolio [Member] | First Lien: 1-4 Family [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 182,247 | 830,513 |
Amortized Cost Basis by Origination Year 2021 | 803,684 | 712,194 |
Amortized Cost Basis by Origination Year 2020 | 675,440 | 199,949 |
Amortized Cost Basis by Origination Year 2019 | 188,225 | 58,585 |
Amortized Cost Basis by Origination Year 2018 | 54,978 | 61,233 |
Amortized Cost Basis by Origination Year Prior to 2018 | 152,556 | 102,194 |
Amortized Cost - Revolving Loans | 19 | 19 |
Total | 2,057,149 | 1,964,687 |
Consumer Real Estate Portfolio [Member] | First Lien: 1-4 Family [Member] | Non-performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2021 | 70 | |
Amortized Cost Basis by Origination Year 2020 | 54 | 218 |
Amortized Cost Basis by Origination Year 2019 | 203 | 149 |
Amortized Cost Basis by Origination Year 2018 | 37 | 408 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,076 | 803 |
Total | 1,370 | 1,648 |
Consumer Real Estate Portfolio [Member] | Junior Lien: 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 1,689 | 9,114 |
Amortized Cost Basis by Origination Year 2021 | 8,371 | 6,299 |
Amortized Cost Basis by Origination Year 2020 | 5,699 | 3,361 |
Amortized Cost Basis by Origination Year 2019 | 3,046 | 1,150 |
Amortized Cost Basis by Origination Year 2018 | 1,241 | 820 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,959 | 1,299 |
Amortized Cost - Revolving Loans | 47 | 17 |
Total | 22,052 | 22,060 |
Consumer Real Estate Portfolio [Member] | Junior Lien: 1-4 Family [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 1,689 | 9,114 |
Amortized Cost Basis by Origination Year 2021 | 8,371 | 6,299 |
Amortized Cost Basis by Origination Year 2020 | 5,699 | 3,361 |
Amortized Cost Basis by Origination Year 2019 | 3,046 | 1,143 |
Amortized Cost Basis by Origination Year 2018 | 1,234 | 800 |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,893 | 1,251 |
Amortized Cost - Revolving Loans | 47 | 17 |
Total | 21,979 | 21,985 |
Consumer Real Estate Portfolio [Member] | Junior Lien: 1-4 Family [Member] | Non-performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2019 | 7 | |
Amortized Cost Basis by Origination Year 2018 | 7 | 20 |
Amortized Cost Basis by Origination Year Prior to 2018 | 66 | 48 |
Total | 73 | 75 |
Consumer Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 9,828 | 42,251 |
Amortized Cost Basis by Origination Year 2021 | 39,729 | 9,816 |
Amortized Cost Basis by Origination Year 2020 | 8,485 | 7,411 |
Amortized Cost Basis by Origination Year 2019 | 6,212 | 2,650 |
Amortized Cost Basis by Origination Year 2018 | 2,229 | 3,021 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,797 | 928 |
Amortized Cost - Revolving Loans | 62,265 | 62,938 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,270 | 120 |
Total | 132,815 | 129,135 |
Consumer Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 132,193 | 128,953 |
Consumer Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 622 | 182 |
Consumer Portfolio [Member] | Revolving Line [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 179 | 974 |
Amortized Cost Basis by Origination Year 2021 | 971 | |
Amortized Cost - Revolving Loans | 58,028 | 60,049 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,270 | 120 |
Total | 60,448 | 61,143 |
Consumer Portfolio [Member] | Revolving Line [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 179 | 974 |
Amortized Cost Basis by Origination Year 2021 | 971 | |
Amortized Cost - Revolving Loans | 57,532 | 60,049 |
Amortized Cost - Revolving Loans Converted to Term Loans | 1,270 | 120 |
Total | 59,952 | 61,143 |
Consumer Portfolio [Member] | Revolving Line [Member] | Non-performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 496 | |
Total | 496 | |
Consumer Portfolio [Member] | Auto [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 2,666 | 9,886 |
Amortized Cost Basis by Origination Year 2021 | 9,014 | 7,775 |
Amortized Cost Basis by Origination Year 2020 | 6,794 | 5,462 |
Amortized Cost Basis by Origination Year 2019 | 4,577 | 1,107 |
Amortized Cost Basis by Origination Year 2018 | 810 | 479 |
Amortized Cost Basis by Origination Year Prior to 2018 | 486 | 220 |
Total | 24,347 | 24,929 |
Consumer Portfolio [Member] | Auto [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 2,666 | 9,886 |
Amortized Cost Basis by Origination Year 2021 | 8,990 | 7,775 |
Amortized Cost Basis by Origination Year 2020 | 6,794 | 5,424 |
Amortized Cost Basis by Origination Year 2019 | 4,543 | 1,107 |
Amortized Cost Basis by Origination Year 2018 | 810 | 479 |
Amortized Cost Basis by Origination Year Prior to 2018 | 486 | 220 |
Total | 24,289 | 24,891 |
Consumer Portfolio [Member] | Auto [Member] | Non-performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2021 | 24 | |
Amortized Cost Basis by Origination Year 2020 | 38 | |
Amortized Cost Basis by Origination Year 2019 | 34 | |
Total | 58 | 38 |
Consumer Portfolio [Member] | Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 6,983 | 31,391 |
Amortized Cost Basis by Origination Year 2021 | 29,744 | 2,041 |
Amortized Cost Basis by Origination Year 2020 | 1,691 | 1,949 |
Amortized Cost Basis by Origination Year 2019 | 1,635 | 1,543 |
Amortized Cost Basis by Origination Year 2018 | 1,419 | 2,542 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,311 | 708 |
Amortized Cost - Revolving Loans | 4,237 | 2,889 |
Total | 48,020 | 43,063 |
Consumer Portfolio [Member] | Other [Member] | Performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 6,983 | 31,391 |
Amortized Cost Basis by Origination Year 2021 | 29,744 | 2,025 |
Amortized Cost Basis by Origination Year 2020 | 1,676 | 1,949 |
Amortized Cost Basis by Origination Year 2019 | 1,635 | 1,525 |
Amortized Cost Basis by Origination Year 2018 | 1,419 | 2,542 |
Amortized Cost Basis by Origination Year Prior to 2018 | 2,309 | 704 |
Amortized Cost - Revolving Loans | 4,237 | 2,889 |
Total | 48,003 | 43,025 |
Consumer Portfolio [Member] | Other [Member] | Non-performing [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2021 | 16 | |
Amortized Cost Basis by Origination Year 2020 | 15 | |
Amortized Cost Basis by Origination Year 2019 | 18 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 2 | 4 |
Total | 17 | 38 |
Credit Cards Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 397,100 | 391,389 |
Total | 397,100 | 391,389 |
Credit Cards Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 393,294 | 387,317 |
Credit Cards Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3,806 | 4,072 |
Credit Cards Portfolio [Member] | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 171,735 | 180,296 |
Total | 171,735 | 180,296 |
Credit Cards Portfolio [Member] | Consumer [Member] | Transactor Accounts [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 54,503 | 57,777 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, Less than 600 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 4,395 | 6,065 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 600-619 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,534 | 2,416 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 620-639 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 4,361 | 4,158 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 640-659 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 7,723 | 7,854 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 660-679 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 9,251 | 13,185 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 680-699 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 11,881 | 15,365 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 700-719 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 14,462 | 16,308 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 720-739 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 13,811 | 14,753 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 740-759 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 12,573 | 12,734 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 760-779 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 12,806 | 8,879 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 780-799 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 11,629 | 7,048 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 800-819 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 7,598 | 5,787 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 820-839 [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3,441 | 5,026 |
Credit Cards Portfolio [Member] | Consumer [Member] | Revolver Accounts | FICO Score, 840+ [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 767 | 2,941 |
Credit Cards Portfolio [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost - Revolving Loans | 225,365 | 211,093 |
Total | 225,365 | 211,093 |
Credit Cards Portfolio [Member] | Commercial [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 214,300 | 200,402 |
Credit Cards Portfolio [Member] | Commercial [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 11,065 | 10,691 |
Leases and Other Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 536 | 99,952 |
Amortized Cost Basis by Origination Year 2021 | 98,148 | 44,113 |
Amortized Cost Basis by Origination Year 2020 | 45,585 | 58,978 |
Amortized Cost Basis by Origination Year 2019 | 60,027 | 22,344 |
Amortized Cost Basis by Origination Year 2018 | 21,641 | 6,370 |
Amortized Cost Basis by Origination Year Prior to 2018 | 6,908 | 1,393 |
Amortized Cost - Revolving Loans | 36,357 | 49,138 |
Total | 269,202 | 282,288 |
Leases and Other Portfolio [Member] | Current [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 269,177 | 282,263 |
Leases and Other Portfolio [Member] | Total Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 25 | 25 |
Leases and Other Portfolio [Member] | Leases [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2020 | 814 | |
Amortized Cost Basis by Origination Year 2019 | 814 | |
Amortized Cost Basis by Origination Year 2018 | 739 | |
Amortized Cost Basis by Origination Year Prior to 2018 | 1,323 | 614 |
Total | 2,137 | 2,167 |
Leases and Other Portfolio [Member] | Leases [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,137 | 2,167 |
Leases and Other Portfolio [Member] | Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Amortized Cost Basis by Origination Year 2022 | 536 | 99,952 |
Amortized Cost Basis by Origination Year 2021 | 98,148 | 44,113 |
Amortized Cost Basis by Origination Year 2020 | 45,585 | 58,164 |
Amortized Cost Basis by Origination Year 2019 | 59,213 | 22,344 |
Amortized Cost Basis by Origination Year 2018 | 21,641 | 5,631 |
Amortized Cost Basis by Origination Year Prior to 2018 | 5,585 | 779 |
Amortized Cost - Revolving Loans | 36,357 | 49,138 |
Total | 267,065 | 280,121 |
Leases and Other Portfolio [Member] | Other [Member] | Non-watch List-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 266,334 | 279,401 |
Leases and Other Portfolio [Member] | Other [Member] | Watch-Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 706 | 695 |
Leases and Other Portfolio [Member] | Other [Member] | Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | $ 25 | $ 25 |
Loans and Allowance for Credi_8
Loans and Allowance for Credit Losses - Rollforward of Allowance for Credit/Loan Losses by Portfolio Segment (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | $ 196,711,000 | $ 218,583,000 |
Charge-offs | (9,857,000) | (6,602,000) |
Recoveries | 1,479,000 | 1,292,000 |
Provision | (7,000,000) | (7,500,000) |
Ending balance - ACL | 181,333,000 | 205,773,000 |
Beginning balance - ACL on off-balance sheet | 2,588,000 | 5,588,000 |
Provision | 500,000 | 0 |
Ending balance - ACL on off-balance sheet | 3,088,000 | 5,588,000 |
Commercial and Industrial Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 123,732,000 | 122,700,000 |
Charge-offs | (8,202,000) | (4,717,000) |
Recoveries | 661,000 | 126,000 |
Provision | 2,477,000 | 1,459,000 |
Ending balance - ACL | 118,668,000 | 119,568,000 |
Beginning balance - ACL on off-balance sheet | 1,739,000 | 3,859,000 |
Provision | 439,000 | |
Ending balance - ACL on off-balance sheet | 2,178,000 | 3,859,000 |
Specialty Lending Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 1,738,000 | 5,219,000 |
Recoveries | 115,000 | |
Provision | (877,000) | (661,000) |
Ending balance - ACL | 861,000 | 4,673,000 |
Beginning balance - ACL on off-balance sheet | 160,000 | 287,000 |
Provision | 26,000 | |
Ending balance - ACL on off-balance sheet | 186,000 | 287,000 |
Commercial Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 56,265,000 | 61,931,000 |
Recoveries | 362,000 | 509,000 |
Provision | (9,317,000) | (2,397,000) |
Ending balance - ACL | 47,310,000 | 60,043,000 |
Beginning balance - ACL on off-balance sheet | 480,000 | 447,000 |
Provision | (62,000) | |
Ending balance - ACL on off-balance sheet | 418,000 | 447,000 |
Consumer Real Estate Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 3,921,000 | 6,586,000 |
Charge-offs | (32,000) | (76,000) |
Recoveries | 28,000 | 59,000 |
Provision | 120,000 | (2,386,000) |
Ending balance - ACL | 4,037,000 | 4,183,000 |
Beginning balance - ACL on off-balance sheet | 106,000 | 145,000 |
Provision | 18,000 | |
Ending balance - ACL on off-balance sheet | 124,000 | 145,000 |
Consumer Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 845,000 | 1,480,000 |
Charge-offs | (158,000) | (109,000) |
Recoveries | 29,000 | 23,000 |
Provision | (298,000) | (791,000) |
Ending balance - ACL | 418,000 | 603,000 |
Beginning balance - ACL on off-balance sheet | 381,000 | |
Provision | 13,000 | |
Ending balance - ACL on off-balance sheet | 13,000 | 381,000 |
Credit Cards Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 6,075,000 | 15,786,000 |
Charge-offs | (1,465,000) | (1,692,000) |
Recoveries | 399,000 | 442,000 |
Provision | 810,000 | (2,392,000) |
Ending balance - ACL | 5,819,000 | 12,144,000 |
Leases and Other Portfolio [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 2,195,000 | 2,271,000 |
Charge-offs | (8,000) | |
Recoveries | 18,000 | |
Provision | (20,000) | (681,000) |
Ending balance - ACL | 2,175,000 | 1,600,000 |
Beginning balance - ACL on off-balance sheet | 15,000 | 414,000 |
Provision | 47,000 | |
Ending balance - ACL on off-balance sheet | 62,000 | 414,000 |
Total - Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 194,771,000 | 215,973,000 |
Charge-offs | (9,857,000) | (6,602,000) |
Recoveries | 1,479,000 | 1,292,000 |
Provision | (7,105,000) | (7,849,000) |
Ending balance - ACL | 179,288,000 | 202,814,000 |
Beginning balance - ACL on off-balance sheet | 2,500,000 | 5,533,000 |
Provision | 481,000 | |
Ending balance - ACL on off-balance sheet | 2,981,000 | 5,533,000 |
HTM [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Beginning balance | 1,940,000 | 2,610,000 |
Provision | 105,000 | 349,000 |
Ending balance - ACL | 2,045,000 | 2,959,000 |
Beginning balance - ACL on off-balance sheet | 88,000 | 55,000 |
Provision | 19,000 | |
Ending balance - ACL on off-balance sheet | $ 107,000 | $ 55,000 |
Loans and Allowance for Credi_9
Loans and Allowance for Credit Losses - Summary of Amortized Cost Balance of Financial Assets (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | $ 17,731,700 | $ 17,170,871 | ||
Related Allowance for Credit Losses | 181,333 | 196,711 | $ 205,773 | $ 218,583 |
Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 110,175 | 92,032 | ||
Related Allowance for Credit Losses | 500 | 2,421 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 100,808 | 85,680 | ||
Commercial and Industrial Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 7,613,899 | 7,258,120 | ||
Related Allowance for Credit Losses | 118,668 | 123,732 | 119,568 | 122,700 |
Commercial and Industrial Portfolio [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 91,053 | 82,845 | ||
Related Allowance for Credit Losses | 500 | 2,421 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 81,686 | 76,493 | ||
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 7,465,578 | 7,085,191 | ||
Commercial and Industrial Portfolio [Member] | Equipment/Accounts Receivable/Inventory [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 91,053 | 82,845 | ||
Related Allowance for Credit Losses | 500 | 2,421 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 81,686 | 76,493 | ||
Commercial and Industrial Portfolio [Member] | Agriculture [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 142,030 | 154,342 | ||
Specialty Lending Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 505,860 | 522,362 | ||
Related Allowance for Credit Losses | 861 | 1,738 | 4,673 | 5,219 |
Specialty Lending Portfolio [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 11,797 | |||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 11,797 | |||
Specialty Lending Portfolio [Member] | Asset-based Lending [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 505,860 | 415,207 | ||
Specialty Lending Portfolio [Member] | Asset-based Lending [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 11,797 | |||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 11,797 | |||
Specialty Lending Portfolio [Member] | Factoring [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 107,155 | |||
Commercial Real Estate Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 6,419,510 | 6,267,544 | ||
Related Allowance for Credit Losses | 47,310 | 56,265 | 60,043 | 61,931 |
Commercial Real Estate Portfolio [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,836 | 4,877 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 2,836 | 4,877 | ||
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 1,971,958 | 1,866,538 | ||
Commercial Real Estate Portfolio [Member] | Owner-occupied [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,293 | 2,764 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 2,293 | 2,764 | ||
Commercial Real Estate Portfolio [Member] | Non-owner-occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,866,445 | 2,906,179 | ||
Commercial Real Estate Portfolio [Member] | Farmland [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 475,261 | 480,268 | ||
Commercial Real Estate Portfolio [Member] | Farmland [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 440 | 487 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 440 | 487 | ||
Commercial Real Estate Portfolio [Member] | 5+ Multi-family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 193,809 | 205,312 | ||
Commercial Real Estate Portfolio [Member] | 1-4 Family Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 71,148 | 76,255 | ||
Commercial Real Estate Portfolio [Member] | General Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 840,889 | 732,992 | ||
Commercial Real Estate Portfolio [Member] | General Construction [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 103 | 1,626 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 103 | 1,626 | ||
Consumer Real Estate Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,393,314 | 2,320,033 | ||
Related Allowance for Credit Losses | 4,037 | 3,921 | 4,183 | 6,586 |
Consumer Real Estate Portfolio [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 3,892 | 4,210 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 3,892 | 4,210 | ||
Consumer Real Estate Portfolio [Member] | HELOC [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 312,743 | 331,638 | ||
Consumer Real Estate Portfolio [Member] | HELOC [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,449 | 2,488 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 2,449 | 2,488 | ||
Consumer Real Estate Portfolio [Member] | First Lien: 1-4 Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,058,519 | 1,966,335 | ||
Consumer Real Estate Portfolio [Member] | First Lien: 1-4 Family [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 1,370 | 1,647 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 1,370 | 1,647 | ||
Consumer Real Estate Portfolio [Member] | Junior Lien: 1-4 Family [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 22,052 | 22,060 | ||
Consumer Real Estate Portfolio [Member] | Junior Lien: 1-4 Family [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 73 | 75 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 73 | 75 | ||
Consumer Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 132,815 | 129,135 | ||
Related Allowance for Credit Losses | 418 | 845 | 603 | 1,480 |
Consumer Portfolio [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 572 | 75 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 572 | 75 | ||
Consumer Portfolio [Member] | Revolving Line [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 60,448 | 61,143 | ||
Consumer Portfolio [Member] | Revolving Line [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 496 | |||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 496 | |||
Consumer Portfolio [Member] | Auto [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 24,347 | 24,929 | ||
Consumer Portfolio [Member] | Auto [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 58 | 38 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 58 | 38 | ||
Consumer Portfolio [Member] | Other [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 48,020 | 43,063 | ||
Consumer Portfolio [Member] | Other [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 18 | 37 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 18 | 37 | ||
Leases and Other Portfolio [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 269,202 | 282,288 | ||
Related Allowance for Credit Losses | 2,175 | 2,195 | $ 1,600 | $ 2,271 |
Leases and Other Portfolio [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 25 | 25 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | 25 | 25 | ||
Leases and Other Portfolio [Member] | Leases [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 2,137 | 2,167 | ||
Leases and Other Portfolio [Member] | Other [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 267,065 | 280,121 | ||
Leases and Other Portfolio [Member] | Other [Member] | Collateral Dependent Assets [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Amortized Cost of Collateral Dependent Assets | 25 | 25 | ||
Amortized Cost of Collateral Dependent Assets with no related Allowance | $ 25 | $ 25 |
Securities - Securities Availab
Securities - Securities Available for Sale (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 8,898,849 | $ 11,822,584 |
Gross Unrealized Gains | 34,387 | 261,198 |
Gross Unrealized Losses | (383,143) | (107,268) |
Fair Value | 8,550,093 | 11,976,514 |
U.S. Treasury [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 388,866 | 69,551 |
Gross Unrealized Gains | 58 | 374 |
Gross Unrealized Losses | (6,789) | (751) |
Fair Value | 382,135 | 69,174 |
U.S. Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 153,489 | 121,681 |
Gross Unrealized Gains | 554 | 3,252 |
Gross Unrealized Losses | (1,265) | (1) |
Fair Value | 152,778 | 124,932 |
Mortgage-backed [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 5,679,853 | 7,967,537 |
Gross Unrealized Gains | 15,184 | 93,390 |
Gross Unrealized Losses | (286,815) | (95,872) |
Fair Value | 5,408,222 | 7,965,055 |
State and political subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 2,101,114 | 3,270,160 |
Gross Unrealized Gains | 18,327 | 161,674 |
Gross Unrealized Losses | (72,930) | (9,146) |
Fair Value | 2,046,511 | 3,422,688 |
Corporates [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 381,163 | 316,840 |
Gross Unrealized Gains | 252 | 2,504 |
Gross Unrealized Losses | (15,330) | (1,498) |
Fair Value | 366,085 | 317,846 |
Collateralized loan obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 194,364 | 76,815 |
Gross Unrealized Gains | 12 | 4 |
Gross Unrealized Losses | (14) | |
Fair Value | $ 194,362 | $ 76,819 |
Securities - Summary of Contrac
Securities - Summary of Contractual Maturity Information for Securities Available for Sale (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Investments Debt And Equity Securities [Abstract] | ||
Due in 1 year or less, Amortized Cost | $ 123,219 | |
Due after 1 year through 5 years, Amortized Cost | 1,141,112 | |
Due after 5 years through 10 years, Amortized Cost | 699,721 | |
Due after 10 years, Amortized Cost | 1,254,944 | |
Total, Amortized Cost | 3,218,996 | |
Mortgage-backed securities, Amortized Cost | 5,679,853 | |
Amortized Cost | 8,898,849 | $ 11,822,584 |
Due in 1 year or less, Fair Value | 123,499 | |
Due after 1 year through 5 years, Fair Value | 1,121,962 | |
Due after 5 years through 10 years, Fair Value | 686,107 | |
Due after 10 years, Fair Value | 1,210,303 | |
Total, Fair Value | 3,141,871 | |
Mortgage-backed securities, Fair Value | 5,408,222 | |
Total securities available for sale, Fair Value | $ 8,550,093 | $ 11,976,514 |
Securities - Additional Informa
Securities - Additional Information (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Proceeds from sales of securities available for sale | $ 0 | $ 129,128,000 | |
Gross realized gains from securities | 0 | 2,720,000 | |
Gross realized losses from securities | 0 | 0 | |
Accrued interest on securities available for sale | 27,100,000 | $ 45,800,000 | |
Sales of securities held to maturity | 0 | 0 | |
Amortized cost of available for sale securities transferred to held to maturity | 3,000,000,000 | ||
Fair value of available for sale securities transferred to held to maturity | 2,900,000,000 | ||
Gain (loss) on transfer of securities | 0 | ||
Unamortized unrealized loss | 155,700,000 | ||
Accrued interest on securities held to maturity | 17,000,000 | 5,300,000 | |
Unrealized gain (loss) on trading securities | (280,000) | $ (40,000) | |
Securities sold not yet purchased | 1,600,000 | 3,200,000 | |
Collateral Pledged Against Deposits [Member] | U.S. Government and Other Public Deposit [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Pledged securities for deposits | 9,300,000,000 | 10,200,000,000 | |
Collateral Pledged Against Deposits [Member] | Federal Reserve Discount Window [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Pledged securities for deposits | $ 148,700,000 | $ 171,200,000 |
Securities - Gross Unrealized L
Securities - Gross Unrealized Losses and Fair Value of Investment Securities Available for Sale (Detail) $ in Thousands | Mar. 31, 2022USD ($)Security | Dec. 31, 2021USD ($)Security |
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 2,248 | 858 |
Less than 12 months, Fair Value | $ 6,146,151 | $ 5,997,925 |
Less than 12 months, Unrealized Losses | $ (354,755) | $ (96,520) |
12 months or more, Count | Security | 74 | 44 |
12 months or more, Fair Value | $ 277,226 | $ 278,234 |
12 months or more, Unrealized Losses | $ (28,388) | $ (10,748) |
Total Count | Security | 2,322 | 902 |
Total Fair Value | $ 6,423,377 | $ 6,276,159 |
Total Unrealized Losses | $ (383,143) | $ (107,268) |
U.S. Treasury [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 35 | 4 |
Less than 12 months, Fair Value | $ 364,450 | $ 58,867 |
Less than 12 months, Unrealized Losses | $ (6,789) | $ (751) |
Total Count | Security | 35 | 4 |
Total Fair Value | $ 364,450 | $ 58,867 |
Total Unrealized Losses | $ (6,789) | $ (751) |
U.S. Agencies [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 5 | 1 |
Less than 12 months, Fair Value | $ 63,274 | $ 11,149 |
Less than 12 months, Unrealized Losses | $ (1,265) | $ (1) |
Total Count | Security | 5 | 1 |
Total Fair Value | $ 63,274 | $ 11,149 |
Total Unrealized Losses | $ (1,265) | $ (1) |
Mortgage-backed [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 659 | 344 |
Less than 12 months, Fair Value | $ 4,316,175 | $ 5,404,968 |
Less than 12 months, Unrealized Losses | $ (269,158) | $ (87,301) |
12 months or more, Count | Security | 12 | 13 |
12 months or more, Fair Value | $ 207,738 | $ 233,295 |
12 months or more, Unrealized Losses | $ (17,657) | $ (8,571) |
Total Count | Security | 671 | 357 |
Total Fair Value | $ 4,523,913 | $ 5,638,263 |
Total Unrealized Losses | $ (286,815) | $ (95,872) |
State and political subdivisions [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 1,302 | 357 |
Less than 12 months, Fair Value | $ 1,043,982 | $ 329,042 |
Less than 12 months, Unrealized Losses | $ (62,299) | $ (6,969) |
12 months or more, Count | Security | 60 | 31 |
12 months or more, Fair Value | $ 65,444 | $ 44,939 |
12 months or more, Unrealized Losses | $ (10,631) | $ (2,177) |
Total Count | Security | 1,362 | 388 |
Total Fair Value | $ 1,109,426 | $ 373,981 |
Total Unrealized Losses | $ (72,930) | $ (9,146) |
Corporates [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 241 | 152 |
Less than 12 months, Fair Value | $ 327,050 | $ 193,899 |
Less than 12 months, Unrealized Losses | $ (15,230) | $ (1,498) |
12 months or more, Count | Security | 2 | |
12 months or more, Fair Value | $ 4,044 | |
12 months or more, Unrealized Losses | $ (100) | |
Total Count | Security | 243 | 152 |
Total Fair Value | $ 331,094 | $ 193,899 |
Total Unrealized Losses | $ (15,330) | $ (1,498) |
Collateralized loan obligations [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Less than 12 months, Count | Security | 6 | |
Less than 12 months, Fair Value | $ 31,220 | |
Less than 12 months, Unrealized Losses | $ (14) | |
Total Count | Security | 6 | |
Total Fair Value | $ 31,220 | |
Total Unrealized Losses | $ (14) |
Securities - Schedule of Amorti
Securities - Schedule of Amortized Cost, Fair Value and Gross Unrealized Gains and Losses for Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Schedule Of Held To Maturity Securities [Line Items] | ||
Amortized Cost | $ 4,602,232 | $ 1,480,416 |
Gross Unrealized Gains | 377 | 3,360 |
Gross Unrealized Losses | (209,154) | (41,385) |
Held to Maturity, Fair value | 4,393,455 | 1,442,391 |
Allowance for Credit Losses | (2,045) | (1,940) |
Net Carrying Amount | 4,600,187 | 1,478,476 |
U.S. Agencies [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Amortized Cost | 6,000 | |
Gross Unrealized Gains | 4 | |
Held to Maturity, Fair value | 6,004 | |
Net Carrying Amount | 6,000 | |
Mortgage-backed [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Amortized Cost | 2,490,693 | 396,134 |
Gross Unrealized Gains | 10 | 14 |
Gross Unrealized Losses | (66,501) | (2,431) |
Held to Maturity, Fair value | 2,424,202 | 393,717 |
Net Carrying Amount | 2,490,693 | 396,134 |
State and political subdivisions [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Amortized Cost | 2,105,539 | 1,084,282 |
Gross Unrealized Gains | 363 | 3,346 |
Gross Unrealized Losses | (142,653) | (38,954) |
Held to Maturity, Fair value | 1,963,249 | 1,048,674 |
Allowance for Credit Losses | (2,045) | (1,940) |
Net Carrying Amount | $ 2,103,494 | $ 1,082,342 |
Securities - Contractual Maturi
Securities - Contractual Maturity Information for Securities Held to Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Investments Debt And Equity Securities [Abstract] | ||
Due in 1 year or less, Amortized Cost | $ 13,819 | |
Due after 1 year through 5 years, Amortized Cost | 151,022 | |
Due after 5 years through 10 years, Amortized Cost | 616,835 | |
Due after 10 years, Amortized Cost | 1,329,863 | |
Total, Amortized cost | 2,111,539 | |
Mortgage-backed securities, Amortized cost | 2,490,693 | |
Amortized Cost | 4,602,232 | $ 1,480,416 |
Due in 1 year or less, Fair Value | 13,784 | |
Due after 1 year through 5 years, Fair Value | 144,816 | |
Due after 5 years through 10 years, Fair Value | 579,542 | |
Due after 10 years, Fair Value | 1,231,111 | |
Total, Fair value | 1,969,253 | |
Mortgage-backed securities, Fair value | 2,424,202 | |
Total securities held to maturity, Fair value | $ 4,393,455 | $ 1,442,391 |
Securities - Gross Unrealized_2
Securities - Gross Unrealized Losses and Fair Value of Investment Securities Held to Maturity (Detail) $ in Thousands | Mar. 31, 2022USD ($)Security | Dec. 31, 2021USD ($)Security |
Schedule Of Held To Maturity Securities [Line Items] | ||
Less than 12 months, Count | Security | 1,399 | 70 |
Less than 12 months, Fair Value | $ 4,029,571 | $ 903,040 |
Less than 12 months,Unrealized Losses | $ (163,095) | $ (14,925) |
12 months or more, Count | Security | 41 | 28 |
12 months or more, Fair Value | $ 332,118 | $ 217,579 |
12 months or more, Unrealized Losses | $ (46,059) | $ (26,460) |
Total Count | Security | 1,440 | 98 |
Total Fair Value | $ 4,361,689 | $ 1,120,619 |
Total Unrealized Losses | $ (209,154) | $ (41,385) |
Mortgage-backed [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Less than 12 months, Count | Security | 194 | 12 |
Less than 12 months, Fair Value | $ 2,404,509 | $ 317,887 |
Less than 12 months,Unrealized Losses | $ (66,501) | $ (2,431) |
Total Count | Security | 194 | 12 |
Total Fair Value | $ 2,404,509 | $ 317,887 |
Total Unrealized Losses | $ (66,501) | $ (2,431) |
State and political subdivisions [Member] | ||
Schedule Of Held To Maturity Securities [Line Items] | ||
Less than 12 months, Count | Security | 1,205 | 58 |
Less than 12 months, Fair Value | $ 1,625,062 | $ 585,153 |
Less than 12 months,Unrealized Losses | $ (96,594) | $ (12,494) |
12 months or more, Count | Security | 41 | 28 |
12 months or more, Fair Value | $ 332,118 | $ 217,579 |
12 months or more, Unrealized Losses | $ (46,059) | $ (26,460) |
Total Count | Security | 1,246 | 86 |
Total Fair Value | $ 1,957,180 | $ 802,732 |
Total Unrealized Losses | $ (142,653) | $ (38,954) |
Securities - Schedule of Amor_2
Securities - Schedule of Amortized Cost Basis by Credit Rating of Held to Maturity Investment (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | $ 4,602,232 | $ 1,480,416 |
Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 960,974 | 999,348 |
Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 1,144,565 | 84,934 |
State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 2,105,539 | 1,084,282 |
Credit Rating, AAA [Member] | Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 342,489 | |
Credit Rating, AAA [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 342,489 | |
Credit Rating, AA [Member] | Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 690,649 | |
Credit Rating, AA [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 690,649 | |
Credit Rating, A [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 379,924 | 372,696 |
Credit Rating, A [Member] | Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 81,855 | 55,096 |
Credit Rating, A [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 461,779 | 427,792 |
Credit Rating, BBB [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 560,001 | 605,104 |
Credit Rating, BBB [Member] | Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 29,572 | 29,838 |
Credit Rating, BBB [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 589,573 | 634,942 |
Credit Rating, BB [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 20,219 | 20,678 |
Credit Rating, BB [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 20,219 | 20,678 |
Credit Rating, CCC-C [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | 830 | 870 |
Credit Rating, CCC-C [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Held to maturity securities | $ 830 | $ 870 |
Securities - Schedule of Aging
Securities - Schedule of Aging of Past Due Held to Maturity Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | $ 4,602,232 | $ 1,480,416 |
Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 960,974 | 999,348 |
Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 1,144,565 | 84,934 |
State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | $ 2,105,539 | 1,084,282 |
30-89 Days Past Due and Accruing [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 7,795 | |
30-89 Days Past Due and Accruing [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 7,795 | |
Total Past Due [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 7,795 | |
Total Past Due [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 7,795 | |
Current [Member] | Competitive [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 991,553 | |
Current [Member] | Utilities [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | 84,934 | |
Current [Member] | State and political subdivisions [Member] | ||
Debt Securities Held To Maturity Credit Quality Indicator [Line Items] | ||
Total held to maturity securities | $ 1,076,487 |
Securities - Schedule of Other
Securities - Schedule of Other Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Schedule of Other Securities [Line Items] | ||
Other securities | $ 332,123 | $ 327,098 |
FRB and FHLB stock [Member] | ||
Schedule of Other Securities [Line Items] | ||
Other securities | 36,222 | 36,222 |
Equity Securities With Readily Determinable Fair Values [Member] | ||
Schedule of Other Securities [Line Items] | ||
Other securities | 53,056 | 64,149 |
Equity Securities Without Readily Determinable Fair Values [Member] | ||
Schedule of Other Securities [Line Items] | ||
Other securities | $ 242,845 | $ 226,727 |
Securities - Schedule of Compon
Securities - Schedule of Components of Investment Securities Losses, Net (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Available-for-sale debt securities: | ||
Gains realized on sales | $ 0 | $ 2,720 |
Equity securities with readily determinable fair values: | ||
Fair value adjustments, net | (1,722) | (13,918) |
Equity securities without readily determinable fair values: | ||
Fair value adjustments, net | 1,200 | 2,862 |
Total investment securities losses, net | $ (522) | $ (8,336) |
Goodwill and Other Intangible_2
Goodwill and Other Intangibles - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands | Mar. 28, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Goodwill And Other Intangible Assets [Line Items] | ||||
Goodwill | $ 182,225 | $ 174,518 | $ 180,867 | |
Branch acquisition | $ 7,700 | 7,707 | ||
Sale of component of business segment | (6,349) | |||
Commercial Banking [Member] | ||||
Goodwill And Other Intangible Assets [Line Items] | ||||
Goodwill | 63,113 | 59,419 | 59,419 | |
Branch acquisition | 3,694 | |||
Institutional Banking [Member] | ||||
Goodwill And Other Intangible Assets [Line Items] | ||||
Goodwill | 51,332 | 51,332 | 51,332 | |
Personal Banking [Member] | ||||
Goodwill And Other Intangible Assets [Line Items] | ||||
Goodwill | 67,780 | 63,767 | $ 70,116 | |
Branch acquisition | $ 4,013 | |||
Sale of component of business segment | $ (6,349) |
Goodwill and Other Intangible_3
Goodwill and Other Intangibles - Changes In Intangible Assets (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Finite Lived Intangible Assets [Line Items] | ||
Gross carrying amount | $ 123,571 | $ 121,226 |
Accumulated amortization | 107,881 | 106,810 |
Net carrying amount | 15,690 | 14,416 |
Core Deposit Intangible Assets [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 50,059 | 50,059 |
Accumulated amortization | 49,781 | 49,623 |
Net carrying amount | 278 | 436 |
Customer Relationships [Member] | ||
Finite Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 73,512 | 71,167 |
Accumulated amortization | 58,100 | 57,187 |
Net carrying amount | $ 15,412 | $ 13,980 |
Goodwill and Other Intangible_4
Goodwill and Other Intangibles - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 28, 2022 | Mar. 31, 2022 | Mar. 31, 2021 |
Goodwill And Intangible Assets Disclosure [Abstract] | |||
Disposition of goodwill | $ 6,300 | ||
Unamortized customer relationship intangibles | $ 1,900 | ||
Loan acquired | $ 42,900 | ||
Deposit acquired | 234,500 | ||
Recognition of goodwill | 7,700 | $ 7,707 | |
Core deposit intangible asset | $ 2,300 |
Goodwill and Other Intangible_5
Goodwill and Other Intangibles - Aggregate Amortization Expense Recognized (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Goodwill And Intangible Assets Disclosure [Abstract] | ||
Aggregate amortization expense | $ 1,071 | $ 1,380 |
Goodwill and Other Intangible_6
Goodwill and Other Intangibles - Estimated Amortization Expense of Intangible Assets (Detail) $ in Thousands | Mar. 31, 2022USD ($) |
Goodwill And Intangible Assets Disclosure [Abstract] | |
For the nine months ending December 31, 2022 | $ 3,408 |
For the year ending December 31, 2023 | 3,899 |
For the year ending December 31, 2024 | 3,169 |
For the year ending December 31, 2025 | 2,962 |
For the year ending December 31, 2026 | $ 2,103 |
Securities Sold Under Agreeme_3
Securities Sold Under Agreements to Repurchase - Remaining Contractual Maturities Of Repurchase Agreements (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | $ 2,754,743 | $ 3,225,838 |
Overnight [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 2,284,715 | |
2 to 29 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 171,106 | 2,820,788 |
30 to 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 298,422 | 404,800 |
Over 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 500 | 250 |
U.S. Treasury [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 74,523 | |
U.S. Treasury [Member] | Overnight [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 74,523 | |
U.S. Agencies [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 2,680,220 | 3,225,838 |
U.S. Agencies [Member] | Overnight [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 2,210,192 | |
U.S. Agencies [Member] | 2 to 29 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 171,106 | 2,820,788 |
U.S. Agencies [Member] | 30 to 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | 298,422 | 404,800 |
U.S. Agencies [Member] | Over 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Total repurchase agreements | $ 500 | $ 250 |
Business Segment Reporting - Ad
Business Segment Reporting - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2022Segment | |
Segment Reporting [Abstract] | |
Number of reportable segments | 3 |
Business Segment Reporting - Sc
Business Segment Reporting - Schedule of Segment Financial Results (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Segment Reporting Information [Line Items] | ||
Net interest income | $ 210,355 | $ 194,115 |
Provision for credit losses | (6,500) | (7,500) |
Noninterest income | 123,678 | 108,897 |
Noninterest expense | 214,778 | 200,946 |
Income before income taxes | 125,755 | 109,566 |
Income tax expense | 19,792 | 16,923 |
NET INCOME | 105,963 | 92,643 |
Average assets | 39,154,000 | 33,052,000 |
Commercial Banking [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 145,002 | 136,410 |
Provision for credit losses | (7,040) | (8,178) |
Noninterest income | 26,707 | 8,176 |
Noninterest expense | 79,596 | 69,725 |
Income before income taxes | 99,153 | 83,039 |
Income tax expense | 15,606 | 12,826 |
NET INCOME | 83,547 | 70,213 |
Average assets | 16,827,000 | 14,204,000 |
Institutional Banking [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 26,253 | 22,138 |
Provision for credit losses | 151 | 220 |
Noninterest income | 73,262 | 68,421 |
Noninterest expense | 75,592 | 71,282 |
Income before income taxes | 23,772 | 19,057 |
Income tax expense | 3,741 | 2,943 |
NET INCOME | 20,031 | 16,114 |
Average assets | 14,677,000 | 11,603,000 |
Personal Banking [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 39,100 | 35,567 |
Provision for credit losses | 389 | 458 |
Noninterest income | 23,709 | 32,300 |
Noninterest expense | 59,590 | 59,939 |
Income before income taxes | 2,830 | 7,470 |
Income tax expense | 445 | 1,154 |
NET INCOME | 2,385 | 6,316 |
Average assets | $ 7,650,000 | $ 7,245,000 |
Revenue Recognition - Additiona
Revenue Recognition - Additional Information (Detail) - ASC 606 [Member] - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Disaggregation Of Revenue [Line Items] | |||
Total receivables of revenue recognized | $ 81.5 | $ 73.6 | |
Bankcard Fees [Member] | |||
Disaggregation Of Revenue [Line Items] | |||
Bankcard expenses | $ 8.1 | $ 7.8 |
Revenue Recognition - Summary o
Revenue Recognition - Summary of Disaggregation of Revenue According to Revenue Stream and Business Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Disaggregation Of Revenue [Line Items] | ||
Revenue (Expense) out of Scope of ASC 606 | $ 9,909 | $ 4,509 |
Noninterest income | 123,678 | 108,897 |
Trust and Securities Processing [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest income | 59,528 | 54,834 |
Trading and Investment Banking [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue (Expense) out of Scope of ASC 606 | 5,285 | 9,055 |
Noninterest income | 5,440 | 9,356 |
Service Charges On Deposit Accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue (Expense) out of Scope of ASC 606 | 70 | 70 |
Noninterest income | 24,642 | 21,976 |
Insurance Fees and Commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest income | 259 | 420 |
Brokerage Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Noninterest income | 3,456 | 3,334 |
Bankcard Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue (Expense) out of Scope of ASC 606 | (7,890) | (7,616) |
Noninterest income | 16,635 | 14,673 |
Investment Securities Losses, Net [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue (Expense) out of Scope of ASC 606 | (522) | (8,336) |
Noninterest income | (522) | (8,336) |
Other [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue (Expense) out of Scope of ASC 606 | 12,966 | 11,336 |
Noninterest income | 14,240 | 12,640 |
Commercial Banking [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 23,116 | 20,735 |
Noninterest income | 26,707 | 8,176 |
Commercial Banking [Member] | Service Charges On Deposit Accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 8,945 | 7,905 |
Commercial Banking [Member] | Brokerage Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 33 | 64 |
Commercial Banking [Member] | Bankcard Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 13,974 | 12,535 |
Commercial Banking [Member] | Other [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 164 | 231 |
Institutional Banking [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 66,769 | 56,899 |
Noninterest income | 73,262 | 68,421 |
Institutional Banking [Member] | Trust and Securities Processing [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 45,485 | 37,485 |
Institutional Banking [Member] | Trading and Investment Banking [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 155 | 301 |
Institutional Banking [Member] | Service Charges On Deposit Accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 13,890 | 12,577 |
Institutional Banking [Member] | Brokerage Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 1,484 | 1,319 |
Institutional Banking [Member] | Bankcard Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 5,331 | 4,813 |
Institutional Banking [Member] | Other [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 424 | 404 |
Personal Banking [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 23,884 | 26,754 |
Noninterest income | 23,709 | 32,300 |
Personal Banking [Member] | Trust and Securities Processing [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 14,043 | 17,349 |
Personal Banking [Member] | Service Charges On Deposit Accounts [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 1,737 | 1,424 |
Personal Banking [Member] | Insurance Fees and Commissions [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 259 | 420 |
Personal Banking [Member] | Brokerage Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 1,939 | 1,951 |
Personal Banking [Member] | Bankcard Fees [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | 5,220 | 4,941 |
Personal Banking [Member] | Other [Member] | ||
Disaggregation Of Revenue [Line Items] | ||
Revenue Scope of ASC 606 | $ 686 | $ 669 |
Commitments, Contingencies an_3
Commitments, Contingencies and Guarantees - Notional Amount of Off-Balance Sheet Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Commitments to extend credit for loans (excluding credit card loans) [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contract or notional amount of off-balance sheet financial instruments | $ 10,214,525 | $ 10,122,617 |
Commitments to extend credit under credit card loans [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contract or notional amount of off-balance sheet financial instruments | 3,809,495 | 3,743,165 |
Commercial letters of credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contract or notional amount of off-balance sheet financial instruments | 4,501 | 2,754 |
Standby letters of credit [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contract or notional amount of off-balance sheet financial instruments | 414,036 | 365,030 |
Forward contracts [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contract or notional amount of off-balance sheet financial instruments | 8,127 | 9,729 |
Spot foreign exchange contracts [Member] | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Contract or notional amount of off-balance sheet financial instruments | $ 12,148 | $ 2,946 |
Commitments, Contingencies an_4
Commitments, Contingencies and Guarantees - Additional Information (Detail) - USD ($) | 3 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Commitments and Contingencies Disclosure [Line Items] | ||||
ACL for off-balance sheet credit exposures | $ 3,088,000 | $ 5,588,000 | $ 2,588,000 | $ 5,588,000 |
Provision for off-balance sheet credit exposures | 500,000 | $ 0 | ||
Accrued Expenses and Taxes [Member] | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
ACL for off-balance sheet credit exposures | $ 3,100,000 | $ 2,600,000 |
Derivatives and Hedging Activ_3
Derivatives and Hedging Activities - Summary of Fair Value of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Derivatives, Fair Value [Line Items] | ||
Derivative Assets, Fair Value | $ 19,973 | $ 57,680 |
Derivative Liabilities, Fair Value | 43,016 | 13,944 |
Derivatives not Designated as Hedging Instruments [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets, Fair Value | 19,113 | 57,134 |
Derivative Liabilities, Fair Value | 43,016 | 13,944 |
Derivatives Designated as Hedging Instruments [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Assets, Fair Value | $ 860 | $ 546 |
Derivatives and Hedging Activ_4
Derivatives and Hedging Activities - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022USD ($)Derivative | Dec. 31, 2021USD ($)Derivative | Aug. 28, 2020USD ($) | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Termination value of derivatives in net liability position | $ 2,900,000 | ||
Collateral posted for derivative instruments | $ 11,300,000 | ||
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Interest rate hedging exposure to variability in future cash flows for forecasted transactions, maximum period | 14 years 6 months | ||
Interest Rate Swap [Member] | Derivatives Designated as Hedging Instruments [Member] | Fair Value Hedging [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative, notional amount | $ 1,000,000,000 | $ 1,000,000,000 | |
Number of interest rate swaps | Derivative | 10 | 10 | |
Interest Rate Swap [Member] | Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative, notional amount | $ 51,500,000 | $ 51,500,000 | |
Number of interest rate swaps | Derivative | 2 | 2 | |
Interest Rate Swap [Member] | Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Interest Expense [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Reclassification from AOCI to interest | $ 442,000 | ||
Interest Rate Swap [Member] | Derivatives not Designated as Hedging Instruments [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative, notional amount | $ 3,300,000,000 | $ 2,900,000,000 | |
Number of interest rate swaps | Derivative | 204 | 188 | |
Interest Rate Floor [Member] | Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative, notional amount | $ 750,000,000 | ||
Net asset fair value | $ 34,100,000 | ||
Unrealized gain on terminated interest rate floor remaining in AOCI, pre tax | $ 11,200,000 | $ 12,300,000 | |
Unrealized gain on terminated interest rate floor remaining in AOCI, net of tax | $ 8,400,000 | $ 9,400,000 | |
Unrealized gain reclassification to earnings, remaining term | 2 years 4 months 24 days | ||
Interest rate floor termination date | Aug. 28, 2020 | ||
Interest Rate Floor [Member] | Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | Increase To Interest Income [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Reclassification from AOCI to interest | $ 5,100,000 |
Derivatives and Hedging Activ_5
Derivatives and Hedging Activities - Summary of Amount of Gain (Loss) Recognized in Interest Income and Other Non-interest Expense in Consolidated Statements of Income Related to Derivative Assets and Liabilities (Detail) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Derivatives not Designated as Hedging Instruments [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amount of Gain (Loss) Recognized | $ 183 | $ 489 |
Derivatives Designated as Hedging Instruments [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amount of Gain (Loss) Recognized | 618 | 77 |
Derivatives Designated as Hedging Instruments [Member] | Fair value adjustments on derivatives [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amount of Gain (Loss) Recognized | 36,676 | 9,328 |
Derivatives Designated as Hedging Instruments [Member] | Fair Value Hedging [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Amount of Gain (Loss) Recognized | $ (36,058) | $ (9,251) |
Derivatives and Hedging Activ_6
Derivatives and Hedging Activities - Summary of Effect of Hedges on AOCI in Consolidated Statements of Comprehensive Income Related to Company's Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain Recognized in OCI on Derivative | $ 4,680 | $ 6,503 |
Gain (Loss) Reclassified from AOCI into Earnings | 851 | 842 |
Derivatives Designated as Hedging Instruments [Member] | Cash Flow Hedging [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain Recognized in OCI on Derivative | 4,680 | 6,503 |
Gain Recognized in OCI Included Component | 4,680 | 6,503 |
Gain (Loss) Reclassified from AOCI into Earnings | 851 | 842 |
Gain (Loss) Reclassified from AOCI into Earnings Included Component | 1,406 | 1,397 |
Loss Reclassified from AOCI into Earnings Excluded Component | (555) | (555) |
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Floor [Member] | Cash Flow Hedging [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain (Loss) Reclassified from AOCI into Earnings | 1,163 | 1,166 |
Gain (Loss) Reclassified from AOCI into Earnings Included Component | 1,718 | 1,721 |
Loss Reclassified from AOCI into Earnings Excluded Component | (555) | (555) |
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Gain Recognized in OCI on Derivative | 4,680 | 6,503 |
Gain Recognized in OCI Included Component | 4,680 | 6,503 |
Gain (Loss) Reclassified from AOCI into Earnings | (312) | (324) |
Gain (Loss) Reclassified from AOCI into Earnings Included Component | $ (312) | $ (324) |
Fair Value Measurements - Asset
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | $ 17,059 | $ 31,875 |
Available for sale securities | 8,550,093 | 11,976,514 |
Derivative Assets, Fair Value | 19,973 | 57,680 |
Derivative Liabilities, Fair Value | 43,016 | 13,944 |
Securities sold not yet purchased | 1,600 | 3,200 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 1,585 | 5,985 |
Available for sale securities | 748,220 | 387,020 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 15,474 | 25,890 |
Available for sale securities | 7,801,873 | 11,589,494 |
U.S. Treasury [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 382,135 | 69,174 |
U.S. Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 152,778 | 124,932 |
Mortgage-backed [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 5,408,222 | 7,965,055 |
State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 2,046,511 | 3,422,688 |
Corporates [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 366,085 | 317,846 |
Fair Value Measurement, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 17,059 | 31,875 |
Available for sale securities | 8,550,093 | 11,976,514 |
Equity securities with readily determinable fair values | 53,056 | 64,149 |
Company-owned life insurance | 65,094 | 65,245 |
Bank-owned life insurance | 501,308 | 498,373 |
Derivative Assets, Fair Value | 19,973 | 57,680 |
Total | 9,206,583 | 12,693,836 |
Derivative Liabilities, Fair Value | 43,016 | 13,944 |
Securities sold not yet purchased | 1,621 | 3,197 |
Total | 44,637 | 17,141 |
Fair Value Measurement, Recurring [Member] | Collateralized loan obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 194,362 | 76,819 |
Fair Value Measurement, Recurring [Member] | Trading - other [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 183 | 360 |
Fair Value Measurement, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 1,585 | 5,985 |
Available for sale securities | 748,220 | 387,020 |
Equity securities with readily determinable fair values | 53,056 | 64,149 |
Total | 802,861 | 457,154 |
Fair Value Measurement, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Trading - other [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 183 | 360 |
Fair Value Measurement, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 15,474 | 25,890 |
Available for sale securities | 7,801,873 | 11,589,494 |
Company-owned life insurance | 65,094 | 65,245 |
Bank-owned life insurance | 501,308 | 498,373 |
Derivative Assets, Fair Value | 19,973 | 57,680 |
Total | 8,403,722 | 12,236,682 |
Derivative Liabilities, Fair Value | 43,016 | 13,944 |
Securities sold not yet purchased | 1,621 | 3,197 |
Total | 44,637 | 17,141 |
Fair Value Measurement, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Collateralized loan obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 194,362 | 76,819 |
Fair Value Measurement, Recurring [Member] | U.S. Treasury [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 602 | 1,625 |
Available for sale securities | 382,135 | 69,174 |
Fair Value Measurement, Recurring [Member] | U.S. Treasury [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 602 | 1,625 |
Available for sale securities | 382,135 | 69,174 |
Fair Value Measurement, Recurring [Member] | U.S. Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 2,159 | |
Available for sale securities | 152,778 | 124,932 |
Fair Value Measurement, Recurring [Member] | U.S. Agencies [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 2,159 | |
Available for sale securities | 152,778 | 124,932 |
Fair Value Measurement, Recurring [Member] | Mortgage-backed [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 2,060 | |
Available for sale securities | 5,408,222 | 7,965,055 |
Fair Value Measurement, Recurring [Member] | Mortgage-backed [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 2,060 | |
Available for sale securities | 5,408,222 | 7,965,055 |
Fair Value Measurement, Recurring [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 15,474 | 21,671 |
Available for sale securities | 2,046,511 | 3,422,688 |
Fair Value Measurement, Recurring [Member] | State and political subdivisions [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 15,474 | 21,671 |
Available for sale securities | 2,046,511 | 3,422,688 |
Fair Value Measurement, Recurring [Member] | Corporates [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 800 | 4,000 |
Available for sale securities | 366,085 | 317,846 |
Fair Value Measurement, Recurring [Member] | Corporates [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading securities | 800 | 4,000 |
Available for sale securities | $ 366,085 | $ 317,846 |
Fair Value Measurements - Ass_2
Fair Value Measurements - Assets Measured at Fair Value on Non-Recurring Basis (Detail) - Fair Value, Measurements, Non-Recurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value | $ 10,916 | $ 46,979 |
Total Losses Recognized | (6,278) | 1,521 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value | 10,916 | 46,979 |
Collateral dependent assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value | 10,916 | 46,979 |
Total Losses Recognized | (6,278) | 1,521 |
Collateral dependent assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value | $ 10,916 | $ 46,979 |
Fair Value Measurements - Estim
Fair Value Measurements - Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and short-term investments | $ 8,033,522 | $ 10,472,084 |
Securities available for sale | 8,550,093 | 11,976,514 |
Total held to maturity securities | 4,602,232 | 1,480,416 |
Trading securities | 17,059 | 31,875 |
Other securities | 332,123 | 327,098 |
Loans (exclusive of allowance for credit losses) | 17,732,083 | 17,172,148 |
Derivatives | 19,973 | 57,680 |
Demand and savings deposits | 33,775,532 | 34,748,286 |
Time deposits | 587,033 | 851,641 |
Other borrowings | 2,840,535 | 3,238,435 |
Long-term debt | 272,036 | 271,544 |
Derivatives | 43,016 | 13,944 |
Estimate of Fair Value Measurement [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and short-term investments | 8,033,522 | 10,472,084 |
Securities available for sale | 8,550,093 | 11,976,514 |
Total held to maturity securities | 4,393,455 | 1,442,391 |
Trading securities | 17,059 | 31,875 |
Other securities | 332,123 | 327,098 |
Loans (exclusive of allowance for credit losses) | 17,820,959 | 17,506,662 |
Derivatives | 19,973 | 57,680 |
Demand and savings deposits | 33,775,532 | 34,748,286 |
Time deposits | 587,033 | 851,641 |
Other borrowings | 2,840,535 | 3,238,435 |
Long-term debt | 278,844 | 285,961 |
Derivatives | 43,016 | 13,944 |
Commitments to extend credit for loans | 2,167 | 7,841 |
Commercial letters of credit | 47 | 179 |
Standby letters of credit | 924 | 3,553 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and short-term investments | 6,715,213 | 9,255,727 |
Securities available for sale | 748,220 | 387,020 |
Trading securities | 1,585 | 5,985 |
Other securities | 53,056 | 64,149 |
Demand and savings deposits | 33,775,532 | 34,748,286 |
Other borrowings | 85,791 | 12,597 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and short-term investments | 1,318,309 | 1,216,357 |
Securities available for sale | 7,801,873 | 11,589,494 |
Total held to maturity securities | 4,393,455 | 1,442,391 |
Trading securities | 15,474 | 25,890 |
Other securities | 279,067 | 262,949 |
Loans (exclusive of allowance for credit losses) | 17,820,959 | 17,506,662 |
Derivatives | 19,973 | 57,680 |
Time deposits | 587,033 | 851,641 |
Other borrowings | 2,754,744 | 3,225,838 |
Long-term debt | 278,844 | 285,961 |
Derivatives | $ 43,016 | $ 13,944 |