Glacier Bancorp (GBCI) 10-Q 2 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 18, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-18911
Entity Registrant Name	GLACIER BANCORP, INC.
Entity Incorporation, State or Country Code	MT
Entity Tax Identification Number	81-0519541
Entity Address, Address Line One	49 Commons Loop
Entity Address, City or Town	Kalispell,
Entity Address, State or Province	MT
Entity Address, Postal Zip Code	59901
City Area Code	(406)
Local Phone Number	756-4200
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GBCI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		110,765,429
Entity Central Index Key	0000868671
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash on hand and in banks	$ 293,541	$ 198,087
Interest bearing cash deposits	121,865	239,599
Cash and cash equivalents	415,406	437,686
Debt securities, available-for-sale	6,209,199	9,170,849
Debt securities, held-to-maturity	3,788,486	1,199,164
Total debt securities	9,997,685	10,370,013
Loans held for sale, at fair value	33,837	60,797
Loans receivable	14,399,755	13,432,031
Allowance for credit losses	(172,963)	(172,665)
Loans receivable, net	14,226,792	13,259,366
Premises and equipment, net	386,198	372,597
Other real estate owned and foreclosed assets	379	18
Accrued interest receivable	80,339	76,673
Deferred tax asset	147,263	27,693
Core deposit intangible, net	46,930	52,259
Goodwill	985,393	985,393
Non-marketable equity securities	33,215	10,020
Bank-owned life insurance	168,231	167,671
Other assets	168,337	120,459
Total assets	26,690,005	25,940,645
Liabilities
Non-interest bearing deposits	8,061,304	7,779,288
Interest bearing deposits	13,722,379	13,557,961
Securities sold under agreements to repurchase	968,197	1,020,794
Federal Home Loan Bank advances	580,000	0
Other borrowed funds	66,200	44,094
Subordinated debentures	132,701	132,620
Accrued interest payable	2,334	2,409
Other liabilities	260,651	225,857
Total liabilities	23,793,766	22,763,023
Commitments and Contingent Liabilities	0	0
Stockholders’ Equity
Preferred shares, $0.01 par value per share, 1,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $0.01 par value per share, 234,000,000 shares authorized	1,108	1,107
Paid-in capital	2,341,097	2,338,814
Retained earnings - substantially restricted	881,246	810,342
Accumulated other comprehensive (loss) income	(327,212)	27,359
Total stockholders’ equity	2,896,239	3,177,622
Total liabilities and stockholders’ equity	$ 26,690,005	$ 25,940,645
Number of common stock shares issued and outstanding (in shares)	110,766,287	110,687,533

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares, authorized (in shares)	1,000,000	1,000,000
Preferred shares, issued (in shares)	0	0
Preferred shares, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	234,000,000	234,000,000

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest Income
Investment securities	$ 42,841	$ 28,730	$ 81,495	$ 56,036
Residential real estate loans	13,026	9,541	28,541	19,687
Commercial loans	131,259	110,829	255,815	224,370
Consumer and other loans	12,511	10,856	24,302	21,415
Total interest income	199,637	159,956	390,153	321,508
Interest Expense
Deposits	3,141	2,804	6,605	5,818
Securities sold under agreements to repurchase	367	651	760	1,340
Federal Home Loan Bank advances	1,298	0	1,310	0
Other borrowed funds	264	177	484	351
Subordinated debentures	1,129	855	2,001	1,718
Total interest expense	6,199	4,487	11,160	9,227
Net Interest Income	193,438	155,469	378,993	312,281
Provision for credit losses	(1,533)	(5,653)	5,498	(5,605)
Net interest income after provision for credit losses	194,971	161,122	373,495	317,886
Non-Interest Income
Service charges and other fees	17,309	13,795	34,420	26,587
Miscellaneous loan fees and charges	3,850	2,923	7,405	5,701
Gain on sale of loans	4,996	16,106	14,011	37,730
(Loss) gain on sale of debt securities	(260)	(61)	186	223
Other income	2,385	2,759	5,821	5,402
Total non-interest income	28,280	35,522	61,843	75,643
Non-Interest Expense
Compensation and employee benefits	79,803	64,109	158,877	126,577
Occupancy and equipment	10,766	9,208	21,730	18,723
Advertising and promotions	3,766	2,906	6,998	5,277
Data processing	7,553	5,661	15,028	10,867
Other real estate owned and foreclosed assets	6	48	6	60
Regulatory assessments and insurance	3,085	1,702	6,140	3,581
Core deposit intangibles amortization	2,665	2,488	5,329	4,976
Other expenses	21,877	13,960	45,721	26,606
Total non-interest expense	129,521	100,082	259,829	196,667
Income Before Income Taxes	93,730	96,562	175,509	196,862
Federal and state income tax expense	17,338	18,935	31,322	38,433
Net Income	$ 76,392	$ 77,627	$ 144,187	$ 158,429
Basic earnings per share (in dollars per share)	$ 0.69	$ 0.81	$ 1.30	$ 1.66
Diluted earnings per share (in dollars per share)	0.69	0.81	1.30	1.66
Dividends declared per share (in dollars per share)	$ 0.33	$ 0.32	$ 0.66	$ 0.63
Average outstanding shares - basic (in shares)	110,765,379	95,505,877	110,745,017	95,485,839
Average outstanding shares - diluted (in shares)	110,794,982	95,580,904	110,799,368	95,565,591

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 76,392	$ 77,627	$ 144,187	$ 158,429
Available-For-Sale and Transferred Securities:
Unrealized (losses) gains on available-for-sale securities	(108,253)	15,073	(477,977)	(69,670)
Reclassification adjustment for gains included in net income	(87)	(46)	(765)	(372)
Reclassification adjustment for securities transferred from available-for-sale to held-to-maturity	1,186	(803)	404	(858)
Tax effect	27,078	(3,595)	120,876	17,916
Net of tax amount	(80,076)	10,629	(357,462)	(52,984)
Cash Flow Hedge:
Unrealized gains (losses) on derivatives used for cash flow hedges	903	(144)	3,870	449
Reclassification adjustment for gains included in net income	(2)	0	(2)	0
Tax effect	(228)	37	(977)	(113)
Net of tax amount	673	(107)	2,891	336
Total other comprehensive (loss) income, net of tax	(79,403)	10,522	(354,571)	(52,648)
Total Comprehensive (Loss) Income	$ (3,011)	$ 88,149	$ (210,384)	$ 105,781

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings Substantially Restricted	Accumulated Other Compre- hensive Income (loss)
Balance, beginning (in shares) at Dec. 31, 2020		95,426,364
Balance, beginning at Dec. 31, 2020	$ 2,307,041	$ 954	$ 1,495,053	$ 667,944	$ 143,090
Increase (Decrease) in Stockholders' Equity
Net income	158,429			158,429
Other comprehensive loss	(52,648)				(52,648)
Cash dividends declared	(60,303)			(60,303)
Stock issuances under stock incentive plans (in shares)		80,870
Stock issuances under stock incentive plans	0	$ 1	(1)
Stock-based compensation and related taxes	1,436		1,436
Balance, ending (in shares) at Jun. 30, 2021		95,507,234
Balance, ending at Jun. 30, 2021	2,353,955	$ 955	1,496,488	766,070	90,442
Balance, beginning (in shares) at Mar. 31, 2021		95,501,819
Balance, beginning at Mar. 31, 2021	2,295,385	$ 955	1,495,438	719,072	79,920
Increase (Decrease) in Stockholders' Equity
Net income	77,627			77,627
Other comprehensive loss	10,522				10,522
Cash dividends declared	(30,629)			(30,629)
Stock issuances under stock incentive plans (in shares)		5,415
Stock issuances under stock incentive plans	0	$ 0	0
Stock-based compensation and related taxes	1,050		1,050
Balance, ending (in shares) at Jun. 30, 2021		95,507,234
Balance, ending at Jun. 30, 2021	$ 2,353,955	$ 955	1,496,488	766,070	90,442
Balance, beginning (in shares) at Dec. 31, 2021	110,687,533	110,687,533
Balance, beginning at Dec. 31, 2021	$ 3,177,622	$ 1,107	2,338,814	810,342	27,359
Increase (Decrease) in Stockholders' Equity
Net income	144,187			144,187
Other comprehensive loss	(354,571)				(354,571)
Cash dividends declared	(73,283)			(73,283)
Stock issuances under stock incentive plans (in shares)		78,754
Stock issuances under stock incentive plans	0	$ 1	(1)
Stock-based compensation and related taxes	$ 2,284		2,284
Balance, ending (in shares) at Jun. 30, 2022	110,766,287	110,766,287
Balance, ending at Jun. 30, 2022	$ 2,896,239	$ 1,108	2,341,097	881,246	(327,212)
Balance, beginning (in shares) at Mar. 31, 2022		110,763,316
Balance, beginning at Mar. 31, 2022	2,934,193	$ 1,108	2,339,405	841,489	(247,809)
Increase (Decrease) in Stockholders' Equity
Net income	76,392			76,392
Other comprehensive loss	(79,403)				(79,403)
Cash dividends declared	(36,635)			(36,635)
Stock issuances under stock incentive plans (in shares)		2,971
Stock issuances under stock incentive plans	0	$ 0	0
Stock-based compensation and related taxes	$ 1,692		1,692
Balance, ending (in shares) at Jun. 30, 2022	110,766,287	110,766,287
Balance, ending at Jun. 30, 2022	$ 2,896,239	$ 1,108	$ 2,341,097	$ 881,246	$ (327,212)

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared per share (in dollars per share)	$ 0.33	$ 0.32	$ 0.66	$ 0.63

Unaudited Condensed Consolida_7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net income	$ 144,187	$ 158,429
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	5,498	(5,605)
Net amortization of debt securities	17,854	19,615
Net amortization of purchase accounting adjustments and deferred loan fees and costs	7,070	4,113
Origination of loans held for sale	(492,225)	(827,653)
Proceeds from loans held for sale	545,318	976,517
Gain on sale of loans	(14,011)	(37,730)
Gain on sale of debt securities	(186)	(223)
Bank-owned life insurance income, net	(1,827)	(1,352)
Stock-based compensation, net of tax benefits	3,081	2,408
Depreciation and amortization of premises and equipment	12,168	10,446
Gain on sale and write-downs of other real estate owned, net	(1)	(247)
Amortization of core deposit intangibles	5,329	4,976
Amortization of investments in variable interest entities	8,600	6,474
Net (increase) decrease in accrued interest receivable	(3,666)	5,045
Net increase in other assets	(24,304)	(13,239)
Net decrease in accrued interest payable	(75)	(11,017)
Net increase (decrease) in other liabilities	3,856	(872)
Net cash provided by operating activities	216,666	290,085
Investing Activities
Maturities, prepayments and calls of available-for-sale debt securities	668,563	611,077
Purchases of available-for-sale debt securities	(410,032)	(2,351,093)
Maturities, prepayments and calls of held-to-maturity debt securities	100,111	6,360
Purchases of held-to-maturity debt securities	(482,727)	0
Principal collected on loans	3,266,467	3,281,147
Loan originations	(4,256,894)	(3,446,582)
Net additions to premises and equipment	(12,696)	1,435
Proceeds from sale of other real estate owned	46	2,679
Proceeds from redemption of non-marketable equity securities	71,836	3
Purchases of non-marketable equity securities	(94,998)	0
Proceeds from bank-owned life insurance	1,304	2,112
Investments in variable interest entities	(26,035)	(10,711)
Net cash used in investing activities	(1,175,055)	(1,903,573)
Financing Activities
Net increase in deposits	446,927	1,963,419
Net decrease in securities sold under agreements to repurchase	(52,597)	(9,382)
Net increase in short-term Federal Home Loan Bank advances	580,000	0
Net increase in other borrowed funds	11,060	(7,012)
Cash dividends paid	(47,851)	(44,142)
Tax withholding payments for stock-based compensation	(1,430)	(1,495)
Proceeds from stock option exercises	0	165
Net cash provided by financing activities	936,109	1,901,553
Net (decrease) increase in cash, cash equivalents and restricted cash	(22,280)	288,065
Cash, cash equivalents and restricted cash at beginning of period	437,686	633,142
Cash, cash equivalents and restricted cash at end of period	415,406	921,207
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	11,235	10,099
Cash paid during the period for income taxes	26,710	49,663
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Transfer of debt securities from available-for-sale to held-to-maturity	2,154,475	844,020
Transfer of loans to other real estate owned	406	1,459
Right-of-use assets obtained in exchange for operating lease liabilities	11,805	720
Dividends declared during the period but not paid	$ 36,730	$ 30,697

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Nature of Operations and Summary of Significant Accounting Policies General Glacier Bancorp, Inc. (“Company”) is a Montana corporation headquartered in Kalispell, Montana. The Company provides a full range of banking services to individuals and businesses in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona and Nevada through its wholly-owned bank subsidiary, Glacier Bank (“Bank”). The Company offers a wide range of banking products and services, including: 1) retail banking; 2) business banking; 3) real estate, commercial, agriculture and consumer loans; and 4) mortgage origination and loan servicing. The Company serves individuals, small to medium-sized businesses, community organizations and public entities. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature. These interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements and they should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Operating results for the six months ended June 30, 2022 are not necessarily indicative of the results anticipated for the year ending December 31, 2022. The condensed consolidated statement of financial condition of the Company as of December 31, 2021 has been derived from the audited consolidated statements of the Company as of that date. The Company is a defendant in legal proceedings arising in the normal course of business. In the opinion of management, the disposition of pending litigation will not have a material affect on the Company’s consolidated financial position, results of operations or liquidity. Material estimates that are particularly susceptible to significant change include: 1) the determination of the allowance for credit losses (“ACL” or “allowance”) on loans; 2) the valuation of debt securities; 3) the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans; and 4) the evaluation of goodwill impairment. For the determination of the ACL on loans and real estate valuation estimates, management obtains independent appraisals (new or updated) for significant items. Estimates relating to the investment valuations are obtained from independent third parties. Estimates relating to the evaluation of goodwill for impairment are determined based on internal calculations using independent party inputs. Principles of Consolidation The consolidated financial statements of the Company include the parent holding company and the Bank, which consists of seventeen bank divisions and a corporate division. The corporate division includes the Bank’s investment portfolio, wholesale borrowings and other centralized functions. The Bank divisions operate under separate names, management teams and advisory directors. The Company considers the Bank to be its sole operating segment as the Bank 1) engages in similar bank business activity from which it earns revenues and incurs expenses; 2) the operating results of the Bank are regularly reviewed by the Chief Executive Officer (“CEO”) (i.e., the chief operating decision maker) who makes decisions about resources to be allocated to the Bank; and 3) financial information is available for the Bank. All significant inter-company transactions have been eliminated in consolidation. The Bank has subsidiary interests in variable interest entities (“VIE”) for which the Bank has both the power to direct the VIE’s significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could potentially be significant to the VIE. These subsidiary interests are included in the Company’s consolidated financial statements. The Bank also has subsidiary interests in VIEs for which the Bank does not have a controlling financial interest and is not the primary beneficiary. These subsidiary interests are not included in the Company’s consolidated financial statements. The parent holding company owns non-bank subsidiaries that have issued trust preferred securities. The trust subsidiaries are not included in the Company’s consolidated financial statements. The Company's investments in the trust subsidiaries are included in other assets on the Company's statements of financial condition. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash held as demand deposits at various banks and the Federal Reserve Bank (“FRB”), interest bearing deposits, federal funds sold, and liquid investments with original maturities of three months or less. The Bank is required to maintain an average reserve balance with either the FRB or in the form of cash on hand. During 2020, the Fed temporarily reduced the reserve requirement due to the coronavirus disease of 2019 (“COVID-19.”) The required reserve balance at June 30, 2022 was $0. De bt Securities Debt securities for which the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost. Debt securities held primarily for the purpose of selling in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses included in income. Debt securities not classified as held-to-maturity or trading are classified as available-for-sale and are reported at fair value with unrealized gains and losses, net of income taxes, as a separate component of other comprehensive income (“OCI”). Premiums and discounts on debt securities are amortized or accreted into income using a method that approximates the interest method. The objective of the interest method is to calculate periodic interest income at a constant effective yield. The Company does not have any debt securities classified as trading securities. When the Company acquires another entity, it records the debt securities at fair value. The Company reviews and analyzes the various risks that may be present within the investment portfolio on an ongoing basis, including market risk, credit risk and liquidity risk. Market risk is the risk to an entity’s financial condition resulting from adverse changes in the value of its holdings arising from movements in interest rates, foreign exchange rates, equity prices or commodity prices. The Company assesses the market risk of individual debt securities as well as the investment portfolio as a whole. Credit risk, broadly defined, is the risk that an issuer or counterparty will fail to perform on an obligation. The credit rating of a security is considered the primary credit quality indicator for debt securities. Liquidity risk refers to the risk that a security will not have an active and efficient market in which the security can be sold. A debt security is investment grade if the issuer has adequate capacity to meet its commitment over the expected life of the investment, i.e., the risk of default is low and full and timely repayment of interest and principal is expected. To determine investment grade status for debt securities, the Company conducts due diligence of the creditworthiness of the issuer or counterparty prior to acquisition and ongoing thereafter consistent with the risk characteristics of the security and the overall risk of the investment portfolio. Credit quality due diligence takes into account the extent to which a security is guaranteed by the U.S. government and other agencies of the U.S. government. The depth of the due diligence is based on the complexity of the structure, the size of the security, and takes into account material positions and specific groups of securities or stratifications for analysis and review of similar risk positions. The due diligence includes consideration of payment performance, collateral adequacy, internal analyses, third party research and analytics, external credit ratings and default statistics. The Company has acquired debt securities through acquisitions and if the securities have more than insignificant credit deterioration since origination, they are designated as purchased credit-deteriorated (“PCD”) securities. An ACL is determined using the same methodology as with other debt securities. The sum of a PCD security’s fair value and associated ACL becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the debt security is a noncredit discount or premium, which is amortized into interest income over the life of the security. Subsequent changes to the ACL are recorded through provision for credit losses. For additional information relating to debt securities, see Note 2. Allowance for Credit Losses - Available-for-Sale Debt Securities For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more-likely-than-not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through other expense. For the available-for-sale securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from cred it losses or other factors. In such assessment, the Company considers the extent to which fair value is less than amortized cost, if there are any changes to the investment grade of the security by a rating agency, and if there are any adverse conditions that impact the security. If this assessment indicates a credit loss exists, the present value of the cash flows expected to be collected from the security is compared to the amortized cost basis of the s ecurity. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a potential credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any estimated credit losses that have not been recorded through an ACL are recognized in OCI. The Company has elected to exclude accrued interest from the estimate of credit losses for available-for-sale debt securities. As part of its non-accrual policy, the Company charges-off uncollectable interest at the time it is determined to be uncollectable. Allowance for Credit Losses - Held-to-Maturity Debt Securities For estimating the allowance for held-to-maturity (“HTM”) debt securities that share similar risk characteristics with other securities, such securities are pooled based on major security type. For pools of such securities with similar risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical credit losses. Expected credit losses on securities in the held-to-maturity portfolio that do not share similar risk characteristics with any of the pools of debt securities are individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the securities. The Company has elected to exclude accrued interest from the estimate of credit losses for held-to-maturity debt securities. As part of its non-accrual policy, the Company charges off uncollectable interest at the time it is determined to be uncollectable. Loans Held for Sale Loans held for sale generally consist of long-term, fixed rate, conforming, single-family residential real estate loans intended to be sold on the secondary market. Loans held for sale are recorded at fair value and may or may not be sold with servicing rights released. Changes in fair value are recognized in non-interest income. Fair value elections are made at the time of origination based on the Company’s fair value election policy. Loans Receivable The Company’s loan segments or classes are based on the purpose of the loan and consist of residential real estate, commercial real estate, other commercial, home equity, and other consumer loans. Loans that are intended at origination to be held-to-maturity are reported at the unpaid principal balance less net c harge-offs and adjusted for deferred fees and costs on originated loans and unamortized premiums or discounts on acquired loans. Interest income is accrued on the unpaid principal balance. Fees and costs on originated loans and premiums or discounts on acquired loans are deferred and subsequently amortized or accreted as a yield adjustment over the expected life of the loan utilizing the interest or straight-line methods. The interest method is utilized for loans with scheduled payment terms and the objective is to calculate periodic interest income at a constant effective yield. The straight-line method is utilized for revolving lines of credit or loans with no scheduled payment terms. When a loan is paid off prior to maturity, the remaining unamortized fees and costs on originated loans and unamortized premiums or discounts on acquired loans are immediately recognized as interest income. Loans that are thirty days or more past due based on payments received and applied to the loan are considered delinquent. Loans are designated non-accrual and the accrual of interest is discontinued when the collection of the contractual principal or interest is unlikely. A loan is typically placed on non-accrual when principal or interest is due and has remained unpaid for ninety days or more. When a loan is placed on non-accrual status, interest previously accrued but not collected is reversed against current period interest income. Subsequent payments on non-accrual loans are applied to the outstanding principal balance if doubt remains as to the ultimate collectability of the loan. Interest accruals are not resumed on partially charged-off impaired loans. For other loans on non-accrual, interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. The Company has acquired loans through acquisitions, some of which have experienced more than insignificant credit deterioration since origination. The Company considers all acquired non-accrual loans to be PCD loans. In addition, the Company considers loans accruing ninety days or more past due or substandard loans to be PCD loans. An ACL is determined using the same methodology as other loans held for investment. The ACL determined on a collective basis is allocated to individual loans. The sum of a loan’s fair value and ACL becomes the initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent changes to the ACL are recorded through provision for credit losses. For additional information relating to loans, see Note 3. Allowance for Credit Losses - Loans Receivable The ACL for loans receivable represents management’s estimate of credit losses over the expected contractual life of the loan portfolio. The estimate is determined based on the amortized cost of the loan portfolio including the loan balance adjusted for charge-offs, recoveries, deferred fees and costs, and loan discount and premiums. Recoveries are included only to the extent that such amounts were previously charged-off. The Company has elected to exclude accrued interest from the estimate of credit losses for loans. Determining the adequacy of the allowance is complex and requires a high degree of judgment by management about the effect of matters that are inherently uncertain. Subsequent evaluations of the then-existing loan portfolio, in light of the factors then prevailing, may result in significant changes in the allowance in those future periods. The allowance is increased for estimated credit losses which are recorded as expense. The portion of loans and overdraft balances determined by management to be uncollectable are charged-off as a reduction to the allowance and recoveries of amounts previously charged-off increase the allowance. The Company’s charge-off policy is consistent with bank regulatory standards. Consumer loans generally are charged-off when the loan becomes over 120 days delinquent. Real estate acquired as a result of foreclosure or by deed-in-lieu of foreclosure is classified as other real estate owned (“OREO”) until such time as it is sold. The expected credit loss estimate process involves procedures to consider the unique characteristics of each of the Company’s loan portfolio segments, which consist of residential real estate, commercial real estate, other commercial, home equity, and other consumer loans. When computing the allowance levels, credit loss assumptions are estimated using a model that categorizes loan pools based on loss history, credit and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. The Company has determined a four consecutive quarter forecasting period is a reasonable and supportable period. Expected credit loss for periods beyond reasonable and supportable forecast periods are determined based on a reversion method which reverts back to historical loss estimate over a four consecutive quarter period on a straight-line basis. Credit quality is assessed and monitored by evaluating various attributes and the results of those evaluations are utilized in underwriting new loans and the process for estimating the expected credit losses. The following paragraphs describe the risk characteristics relevant to each portfolio segment. Residential Real Estate. Residential real estate loans are secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans is impacted by economic conditions within the Company’s market areas that affect the value of the residential property securing the loans and affect the borrowers' personal incomes. Mitigating risk factors for this loan segment include a large number of borrowers, geographic dispersion of market areas and the loans are originated for relatively smaller amounts. Commercial Real Estate . Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operation of the property securing the loan and/or the business conducted on the property securing the loan. Credit risk in these loans is impacted by the creditworthiness of a borrower, valuation of the property securing the loan and conditions within the local economies in the Company’s diverse, geographic market areas. Commercial . Commercial loans consist of loans to commercial customers for use in financing working capital needs, equipment purchases and business expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations across the Company’s diverse, geographic market areas. Home Equity . Home equity loans consist of junior lien mortgages and first and junior lien lines of credit (revolving open-end and amortizing closed-end) secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans is impacted by economic conditions within the Company’s market areas that affect the value of the residential property securing the loans and affect the borrowers' personal incomes. Mitigating risk factors for this loan segment are a large number of borrowers, geographic dispersion of market areas and the loans are originated for terms that range from 10 to 15 years. Other Consumer . The other consumer loan portfolio consists of various short-term loans such as automobile loans and loans for other personal purposes. Repayment of these loans is primarily dependent on the personal income of the borrowers. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Company’s diverse, geographic market area) and the creditworthiness of a borrower. The allowance is impacted by loan volumes, delinquency status, credit ratings, historical loss experiences, estimated prepayment speeds, weighted average lives and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. The methodology for estimating the amount of expected credit losses reported in the allowance has two basic components: 1) individual loans that do not share similar risk characteristics with other loans and the measurement of expected credit losses for such individual loans; and 2) the expected credit losses for pools of loans that share similar risk characteristics. Loans that do not Share Similar Risk Characteristics with Other Loans. For a loan that does not share similar risk characteristics with other loans, expected credit loss is measured based on the net realizable value, that is, the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the amortized cost basis of the loan. For these loans, the expected credit loss is equal to the amount by which the net realizable value of the loan is less than the amortized cost basis of the loan (which is net of previous charge-offs and deferred loan fees and costs), except when the loan is collateral-dependent, that is, when foreclosure is probable or the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In these cases, expected credit loss is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral. The fair value of the collateral is adjusted for the estimated cost to sell if repayment or satisfaction of a loan is dependent on the sale (rather than only on the operation) of the collateral. The Company has determined that non-accrual loans do not share similar risk characteristics with other loans and these loans are individually evaluated for estimated allowance for credit losses. The Company, through its credit monitoring process, may also identify other loans that do not share similar risk characteristics and individually evaluate such loans. The starting point for determining the fair value of collateral is to obtain external appraisals or evaluations (new or updated). The valuation techniques used in preparing appraisals or evaluations (new or updated) include the cost approach, income approach, sales comparison approach, or a combination of the preceding valuation techniques. The Company’s credit department reviews appraisals, giving consideration to the highest and best use of the collateral. The appraisals or evaluations (new or updated) are reviewed at least quarterly and more frequently based on current market conditions, including deterioration in a borrower’s financial condition and when property values may be subject to significant volatility. Adjustments may be made to the fair value of the collateral after review and acceptance of the collateral appraisal or evaluation (new or updated). Loans that Share Similar Risk Characteristics with other Loans. For estimating the allowance for loans that share similar risk characteristics with other loans, such loans are segregated into loan segments. Loans are designated into loan segments based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the ACL, the Company derives an estimated credit loss assumption from a model that categorizes loan pools based on loan type which is further segregated by the credit quality indicators. This model calculates an expected loss percentage for each loan segment by considering the non-discounted simple annual average historical loss rate of each loan segment (calculated through an “open pool” method), multiplying the loss rate by the amortized loan balance and incorporating that segment’s internally generated prepayment speed assumption and contractually scheduled remaining principal pay downs on a loan level basis. The annual historical loss rates are adjusted over a reasonable economic forecast period by a multiplier that is calculated based upon current national economic forecasts as a proportion of each segment’s historical average loss levels. The Company will then revert from the economic forecast period back to the historical average loss rate in a straight-line basis. After the reversion period, the loans will be assumed to experience their historical loss rate for the remainder of their contractual lives. The model applies the expected loss rate over the projected cash flows at the individual loan level and then aggregates the losses by loan segment in determining their quantitative allowance. The Company will also include qualitative adjustments to adjust the ACL on loan segments to the extent the current or future market conditions are believed to vary substantially from historical conditions in regards to: • lending policies and procedures; • i nternational, national, regional and local economic business conditions, developments, or environmental conditions that affect the collectability of the portfolio, including the condition of various markets; • the nature and volume of the loan portfolio including the terms of the loans; • the experience, ability, and depth of the lending management and other relevant staff; • the volume and severity of past due and adversely classified or graded loans and the volume of non-accrual loans; • the quality of our loan review system; • the value of underlying collateral for collateralized loans; • the existence and effect of any concentrations of credit, and changes in the level of concentrations; and • the effect of external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the existing portfolio. The Company regularly reviews loans in the portfolio to assess credit quality indicators and to determine the appropriate loan classification and grading in accordance with applicable bank regulations. The primary credit quality indicator for residential, home equity and other consumer loans is the days past due status, which consists of the following categories: 1) performing loans; 2) 30 to 89 days past due loans; and 3) non-accrual and ninety days or more past due loans. The primary credit quality indicator for commercial real estate and commercial loans is the Company’s internal risk rating system, which includes the following categories: 1) pass loans; 2) special mention loans; 3) substandard loans; and 4) doubtful or loss loans. Such credit quality indicators are regularly monitored and incorporated into the Company’s allowance estimate. The following paragraphs further define the internal risk ratings for commercial real estate and commercial loans. Pass Loans. These ratings represent loans that are of acceptable, good or excellent quality with very limited to no risk. Loans that do not have one of the following ratings are considered pass loans. Special Mention Loans. These ratings represent loans that are designated as special mention per the regulatory definition. Special mention loans are currently protected but are potentially weak. The credit risk may be relatively minor yet constitute an undue and unwarranted risk in light of the circumstances surrounding a specific loan. The rating may be used to identify credit with potential weaknesses that if not corrected may weaken the loan to the point of inadequately protecting the Bank’s credit position. Examples include a lack of supervision, inadequate loan agreement, condition, or control of collateral, incomplete, or improper documentation, deviations from lending policy, and adverse trends in operations or economic conditions. Substandard Loans. This rating represents loans that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. A loan so classified must have a well-defined weakness that jeopardizes the liquidation of the debt. These loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregated amount of substandard loans, does not have to exist in an individual loan classified substandard. Doubtful/Loss Loans. A loan classified as doubtful has the characteristics that make collection in full, on the basis of currently existing facts, conditions, and values, highly improbable. The possibility of loss is extremely high, but because of pending factors, which may work to the advantage and strengthening of the loan, its classification as loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. Loans are classified as loss when they are deemed to be not collectible and of such little value that continuance as an active asset of the Bank is not warranted. Loans classified as loss must be charged-off. Assignment of this classification does not mean that an asset has absolutely no recovery or salvage value, but that it is not practical or desirable to defer writing off a basically worthless asset, even though partial recovery may be attained in the future. Restructured Loans A restructured loan is considered a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The Company periodically enters into restructure agreements with borrowers whereby the loans were previously identified as TDRs. When such circumstances occur, the Company carefully evaluates the facts of the subsequent restructure to determine the appropriate accounting and under certain circumstances it may be acceptable not to account for the subsequently restructured loan as a TDR. When assessing whether a concession has been granted by the Company, any prior forgiveness on a cumulative basis is considered a continuing concession. The Company has made the following types of loan modifications, some of which were considered a TDR: • reduction of the stated interest rate for the remaining term of the debt; • extension of the maturity date(s) at a stated rate of interest lower than the current market rate for newly originated debt having similar risk characteristics; and • reduction of the face amount of the debt as stated in the debt agreements. The Company recognizes that while borrowers may experience deterioration in their financial condition, many continue to be creditworthy borrowers who have the willingness and capacity for debt repayment. In determining whether non-restructured or performing loans issued to a single or related party group of borrowers should continue to accrue interest when the borrower has other loans that are non-performing or are TDRs, the Company on a quarterly or more frequent basis performs an updated and comprehensive assessment of the willingness and capacity of the borrowers to timely and ultimately repay their total debt obligations, including contingent obligations. Such analysis takes into account current financial information about the borrowers and financially responsible guarantors, if any, including for example: • analysis of global, i.e., aggregate debt service for total debt obligations; • assessment of the value and security protection of collateral pledged using current market conditions and alternative market assumptions across a

Debt Securities

Debt Securities	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Debt Securities	Debt Securities The following tables present the amortized cost, the gross unrealized gains and losses and the fair value of the Company’s debt securities: June 30, 2022 (Dollars in thousands) Amortized Gross Gross Fair Available-for-sale U.S. government and federal agency $ 489,798 93 (32,007) 457,884 U.S. government sponsored enterprises 319,509 — (21,695) 297,814 State and local governments 440,473 2,794 (5,650) 437,617 Corporate bonds 101,153 677 (482) 101,348 Residential mortgage-backed securities 4,025,432 187 (310,117) 3,715,502 Commercial mortgage-backed securities 1,260,468 922 (62,356) 1,199,034 Total available-for-sale $ 6,636,833 4,673 (432,307) 6,209,199 Held-to-maturity U.S. government and federal agency 844,175 — (56,566) 787,609 State and local governments 1,653,376 990 (215,836) 1,438,530 Residential mortgage-backed securities 1,290,935 — (57,315) 1,233,620 Total held-to-maturity 3,788,486 990 (329,717) 3,459,759 Total debt securities 10,425,319 5,663 (762,024) 9,668,958 December 31, 2021 (Dollars in thousands) Amortized Gross Gross Fair Available-for-sale U.S. government and federal agency $ 1,356,171 174 (9,596) 1,346,749 U.S. government sponsored enterprises 241,687 2 (996) 240,693 State and local governments 461,414 27,567 (123) 488,858 Corporate bonds 175,697 5,072 (17) 180,752 Residential mortgage-backed securities 5,744,505 9,420 (54,266) 5,699,659 Commercial mortgage-backed securities 1,195,949 25,882 (7,693) 1,214,138 Total available-for-sale $ 9,175,423 68,117 (72,691) 9,170,849 Held-to-maturity State and local governments 1,199,164 22,878 (1,159) 1,220,883 Total held-to-maturity 1,199,164 22,878 (1,159) 1,220,883 Total debt securities $ 10,374,587 90,995 (73,850) 10,391,732 Maturity Analysis The following table presents the amortized cost and fair value of available-for-sale and held-to-maturity debt securities by contractual maturity at June 30, 2022. Actual maturities may differ from expected or contractual maturities since some issuers have the right to prepay obligations with or without prepayment penalties. June 30, 2022 Available-for-Sale Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 51,941 52,177 1,424 1,430 Due after one year through five years 926,147 873,802 521,133 491,108 Due after five years through ten years 165,413 164,726 528,160 496,150 Due after ten years 207,432 203,958 1,446,834 1,237,451 1,350,933 1,294,663 2,497,551 2,226,139 Mortgage-backed securities 1 5,285,900 4,914,536 1,290,935 1,233,620 Total $ 6,636,833 6,209,199 3,788,486 3,459,759 ______________________________ 1 Mortgage-backed securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds. Sales and Calls of Debt Securities Proceeds from sales and calls of debt securities and the associated gains and losses that have been included in earnings are listed below: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Available-for-sale Proceeds from sales and calls of debt securities $ 18,146 22,361 71,266 76,697 Gross realized gains 1 87 69 780 438 Gross realized losses 1 — (23) (15) (66) Held-to-maturity Proceeds from calls of debt securities 9,370 2,230 22,345 6,360 Gross realized gains 1 14 — 29 — Gross realized losses 1 (361) (107) (608) (149) ______________________________ 1 The gain or loss on the sale or call of each debt security is determined by the specific identification method. Allowance for Credit Losses - Available-For-Sale Debt Securities In assessing whether a credit loss existed on available-for-sale debt securities with unrealized losses, the Company compared the present value of cash flows expected to be collected from the debt securities with the amortized cost basis of the debt securities. In addition, the following factors were evaluated individually and collectively in determining the existence of expected credit losses: • credit ratings from Nationally Recognized Statistical Rating Organizations (“NRSRO” entities such as Standard and Poor’s [“S&P”] and Moody’s); • extent to which the fair value is less than cost; • adverse conditions, if any, specifically related to the impaired securities, including the industry and geographic area; • the overall deal and payment structure of the debt securities, including the investor entity’s position within the structure, underlying obligors, financial condition and near-term prospects of the issuer, including specific events which may affect the issuer’s operations or future earnings, and credit support or enhancements; and • failure of the issuer and underlying obligors, if any, to make scheduled payments of interest and principal. The following table summarizes available-for-sale debt securities that were in an unrealized loss position for which an ACL has not been recorded, based on the length of time the individual securities have been in an unrealized loss position. The number of available-for-sale debt securities in an unrealized position is also disclosed. June 30, 2022 Number Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. government and federal agency 46 $ 447,250 (31,667) 4,071 (340) 451,321 (32,007) U.S. government sponsored enterprises 15 297,813 (21,695) — — 297,813 (21,695) State and local governments 193 217,517 (5,437) 1,579 (213) 219,096 (5,650) Corporate bonds 11 35,458 (482) — — 35,458 (482) Residential mortgage-backed securities 417 2,952,869 (245,705) 747,910 (64,412) 3,700,779 (310,117) Commercial mortgage-backed securities 141 982,059 (49,329) 127,213 (13,027) 1,109,272 (62,356) Total available-for-sale 823 $ 4,932,966 (354,315) 880,773 (77,992) 5,813,739 (432,307) December 31, 2021 Number Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. government and federal agency 50 $ 1,329,399 (9,344) 5,457 (252) 1,334,856 (9,596) U.S. government sponsored enterprises 11 239,928 (996) — — 239,928 (996) State and local governments 10 11,080 (83) 1,760 (40) 12,840 (123) Corporate bonds 3 12,483 (17) — — 12,483 (17) Residential mortgage-backed securities 151 5,335,632 (53,434) 53,045 (832) 5,388,677 (54,266) Commercial mortgage-backed securities 38 302,784 (3,316) 126,798 (4,377) 429,582 (7,693) Total available-for-sale 263 $ 7,231,306 (67,190) 187,060 (5,501) 7,418,366 (72,691) With respect to severity, the majority of available-for-sale debt securities with unrealized loss positions at June 30, 2022 have unrealized losses as a percentage of book value of less than five percent. A substantial portion of such securities were issued by Federal National Mortgage Association (“Fannie Mae”), Federal Home Loan Mortgage Corporation (“Freddie Mac”), Government National Mortgage Association (“Ginnie Mae”) and other agencies of the U.S. government or have credit ratings issued by one or more of the NRSRO entities in the four highest credit rating categories. All of the Company’s available-for-sale debt securities with unrealized loss positions at June 30, 2022 have been determined to be investment grade. The Company did not have any past due available-for-sale debt securities as of June 30, 2022 and December 31, 2021, respectively. Accrued interest receivable on available-for-sale debt securities totaled $14,453,000 and $18,788,000 at June 30, 2022, and December 31, 2021, respectively, and was excluded from the estimate of credit losses. Based on an analysis of its available-for-sale debt securities with unrealized losses as of June 30, 2022, the Company determined the decline in value was unrelated to credit losses and was primarily the result of changes in interest rates and market spreads subsequent to acquisition. The fair value of the debt securities is expected to recover as payments are received and the debt securities approach maturity. In addition, as of June 30, 2022, management determined it did not intend to sell available-for-sale debt securities with unrealized losses, and there was no expected requirement to sell such securities before recovery of their amortized cost. As a result, no ACL was recorded on available-for-sale debt securities at June 30, 2022. As part of this determination, the Company considered contractual obligations, regulatory constraints, liquidity, capital, asset/ liability management and securities portfolio objectives and whether or not any of the Company’s investment securities were managed by third-party investment funds. Allowance for Credit Losses - Held-To-Maturity Debt Securities The Company measured expected credit losses on held-to-maturity debt securities on a collective basis by major security type and NRSRO credit ratings, which is the Company’s primary credit quality indicator for state and local government securities. The estimate of expected credit losses considered historical credit loss information that was adjusted for current conditions as well as reasonable and supportable forecasts. The following table summarizes the amortized cost of held-to-maturity municipal bonds aggregated by NRSRO credit rating: (Dollars in thousands) June 30, December 31, Municipal bonds held-to-maturity S&P: AAA / Moody’s: Aaa $ 396,350 316,899 S&P: AA+, AA, AA- / Moody’s: Aa1, Aa2, Aa3 1,217,650 841,616 S&P: A+, A, A- / Moody’s: A1, A2, A3 36,960 39,078 Not rated by either entity 2,416 1,571 Total municipal bonds held-to-maturity $ 1,653,376 1,199,164 The Company’s municipal bonds in the held-to-maturity debt securities portfolio is primarily comprised of general obligation and revenue bonds with NRSRO ratings in the four highest credit rating categories. All of the Company’s municipal bonds that are classified as held-to-maturity debt securities at June 30, 2022 have been determined to be investment grade. Held-to-maturity debt securities issued and guaranteed by the U.S. Treasury, Fannie Mae, Freddie Mac, Government National Mortgage Association (“Ginnie Mae”) and other agencies of the U.S. government are considered to be zero-loss securities. This determination is in consideration of the explicit and implicit guarantees by the US Government, the US Government’s ability to print its own currency, a history of no credit losses by the US Government and noted agencies and the current economic and financial condition of the United States and US Government providing no indication the zero-loss determination is unjustified . As of June 30, 2022 and December 31, 2021, the Company did not have any held-to-maturity debt securities past due. Accrued interest receivable on held-to-maturity debt securities totaled $15,697,000 and $8,737,000 at June 30, 2022 and December 31, 2021, respectively, and were excluded from the estimate of credit losses. Based on the Company’s evaluation, an insignificant amount of credit losses is expected on the held-to-maturity debt securities portfolio; therefore, no ACL was recorded at June 30, 2022 or December 31, 2021.

Loans Receivable, Net

Loans Receivable, Net	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans Receivable, Net	Loans Receivable, Net The following table presents loans receivable for each portfolio segment of loans: . (Dollars in thousands) June 30, December 31, Residential real estate $ 1,261,119 1,051,883 Commercial real estate 9,310,070 8,630,831 Other commercial 2,685,392 2,664,190 Home equity 773,582 736,288 Other consumer 369,592 348,839 Loans receivable 14,399,755 13,432,031 Allowance for credit losses (172,963) (172,665) Loans receivable, net $ 14,226,792 13,259,366 Net deferred origination (fees) costs included in loans receivable $ (23,210) (21,667) Net purchase accounting (discounts) premiums included in loans receivable $ (21,028) (25,166) Accrued interest receivable on loans $ 50,166 49,133 Substantially all of the Company’s loans receivable are with borrowers in the Company’s geographic market areas. Although the Company has a diversified loan portfolio, a substantial portion of borrowers’ ability to service their obligations is dependent upon the economic performance in the Company’s market areas. The Company had no significant purchases or sales of portfolio loans or reclassification of loans held for investment to loans held for sale during the six months ended June 30, 2022. Allowance for Credit Losses - Loans Receivable The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on loans. The following tables summarize the activity in the ACL: Three Months ended June 30, 2022 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 176,159 16,227 122,172 23,882 9,173 4,705 Provision for credit losses (1,353) 686 (385) (2,545) 41 850 Charge-offs (4,346) — (1,642) (804) (45) (1,855) Recoveries 2,503 46 1,114 546 164 633 Balance at end of period $ 172,963 16,959 121,259 21,079 9,333 4,333 Three Months ended June 30, 2021 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 156,446 9,018 95,251 39,385 8,068 4,724 Provision for credit losses (5,723) 884 1,269 (8,319) (278) 721 Charge-offs (1,700) — (41) (351) — (1,308) Recoveries 2,425 241 118 1,268 47 751 Balance at end of period $ 151,448 10,143 96,597 31,983 7,837 4,888 Six Months ended June 30, 2022 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 172,665 16,458 117,901 24,703 8,566 5,037 Provision for credit losses 2,991 437 3,542 (3,548) 600 1,960 Charge-offs (7,040) — (1,642) (1,603) (45) (3,750) Recoveries 4,347 64 1,458 1,527 212 1,086 Balance at end of period $ 172,963 16,959 121,259 21,079 9,333 4,333 Six Months ended June 30, 2021 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 158,243 9,604 86,999 49,133 8,182 4,325 Provision for credit losses (5,234) 302 8,732 (15,584) (367) 1,683 Charge-offs (5,946) (38) (41) (3,113) (45) (2,709) Recoveries 4,385 275 907 1,547 67 1,589 Balance at end of period $ 151,448 10,143 96,597 31,983 7,837 4,888 During the six months ended June 30, 2022, the ACL increased primarily as a result of loan portfolio growth. The sizeable charge-offs in the other consumer loan segment is driven by deposit overdraft charge-offs which typically experience high charge-off rates and the amounts were comparable to historical trends. The other segments experience routine charge-offs and recoveries, with occasional large credit relationships charge-offs and recoveries that cause fluctuations from prior periods. During the six months ended June 30, 2022, there have been no significant changes to the types of collateral securing collateral-dependent loans. Aging Analysis The following tables present an aging analysis of the recorded investment in loans: June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other Accruing loans 30-59 days past due $ 13,650 1,580 3,151 6,028 795 2,096 Accruing loans 60-89 days past due 2,938 98 1,258 664 341 577 Accruing loans 90 days or more past due 5,064 60 2,542 2,079 184 199 Non-accrual loans with no ACL 36,136 1,812 27,642 4,737 1,531 414 Non-accrual loans with ACL 2,387 — — 2,381 — 6 Total past due and non-accrual loans 60,175 3,550 34,593 15,889 2,851 3,292 Current loans receivable 14,339,580 1,257,569 9,275,477 2,669,503 770,731 366,300 Total loans receivable $ 14,399,755 1,261,119 9,310,070 2,685,392 773,582 369,592 December 31, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other Accruing loans 30-59 days past due $ 38,081 2,132 26,063 5,464 1,582 2,840 Accruing loans 60-89 days past due 12,485 457 9,537 1,652 512 327 Accruing loans 90 days or more past due 17,141 223 15,345 1,383 57 133 Non-accrual loans with no ACL 28,961 2,162 20,040 4,563 1,712 484 Non-accrual loans with ACL 21,571 255 448 20,765 99 4 Total past due and non-accrual loans 118,239 5,229 71,433 33,827 3,962 3,788 Current loans receivable 13,313,792 1,046,654 8,559,398 2,630,363 732,326 345,051 Total loans receivable $ 13,432,031 1,051,883 8,630,831 2,664,190 736,288 348,839 The Company had $801,000 and $447,000 of interest reversed on non-accrual loans during the six months ended June 30, 2022 and June 30, 2021, respectively. The prior year modifications that were made under the CARES Act, along with related regulatory guidance, are included in current loan receivables. Collateral-Dependent Loans A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The collateral on the loans is a significant portion of what secures the collateral-dependent loans and significant changes to the fair value of the collateral can impact the ACL. During 2022, there were no significant change to collateral which secures the collateral-dependent loans, whether due to general deterioration or other reasons. The following table presents the amortized cost basis of collateral-dependent loans by collateral type: June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other Business assets $ 6,453 — 45 6,408 — — Residential real estate 4,384 1,774 802 326 1,325 157 Other real estate 38,501 38 37,298 442 390 333 Other 1,147 — — 912 — 235 Total $ 50,485 1,812 38,145 8,088 1,715 725 December 31, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other Business assets $ 25,182 — 57 25,125 — — Residential real estate 4,625 2,369 280 115 1,694 167 Other real estate 32,093 48 30,996 597 116 336 Other 1,525 — — 1,241 — 284 Total $ 63,425 2,417 31,333 27,078 1,810 787 Restructured Loans A restructured loan is considered a TDR if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The following tables present TDRs that occurred during the periods presented and the TDRs that occurred within the previous twelve months that subsequently defaulted during the periods presented: Three Months ended June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 2 — 2 — — — Pre-modification recorded balance $ 1,932 — 1,932 — — — Post-modification recorded balance $ 1,932 — 1,932 — — — TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — Three Months ended June 30, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 3 — 1 2 — — Pre-modification recorded balance $ 615 — 99 516 — — Post-modification recorded balance $ 615 — 99 516 — — TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — Six Months ended June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 5 1 2 2 — — Pre-modification recorded balance $ 2,019 31 1,932 56 — — Post-modification recorded balance $ 2,019 31 1,932 56 — — TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — Six Months ended June 30, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 10 1 5 3 — 1 Pre-modification recorded balance $ 2,368 210 1,473 554 — 131 Post-modification recorded balance $ 2,368 210 1,473 554 — 131 TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — The modifications for the loans designated as TDRs during the six months ended June 30, 2022 and 2021 included one or a combination of the following: an extension of the maturity date, a reduction of the interest rate or a reduction in the principal amount. In addition to the loans designated as TDRs during the period provided in the preceding tables, the Company had TDRs with pre-modification loan balances of $489,000 and $1,600,000 for the six months ended June 30, 2022 and 2021, respectively, for which OREO was received in full or partial satisfaction of the loans. The majority of such TDRs were in other commercial for the six months ended June 30, 2022 and 2021. At June 30, 2022 and December 31, 2021, the Company had $545,000 and $102,000, respectively, of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process. At June 30, 2022 and December 31, 2021, the Company did not have any OREO secured by residential real estate properties. Credit Quality Indicators The Company categorizes commercial real estate and other commercial loans into risk categories based on relevant information about the ability of borrowers to service their obligations. The following tables present the amortized cost in commercial real estate and other commercial loans based on the Company’s internal risk rating. The date of a modification, renewal or extension of a loan is considered for the year of origination if the terms of the loan are as favorable to the Company as the terms are for a comparable loan to other borrowers with similar credit risk. June 30, 2022 (Dollars in thousands) Total Pass Special Mention Substandard Doubtful/ Commercial real estate loans Term loans by origination year 2022 (year-to-date) $ 1,547,488 1,541,324 — 6,164 — 2021 2,583,284 2,582,265 — 1,019 — 2020 1,415,213 1,406,747 — 8,466 — 2019 797,273 760,394 — 36,879 — 2018 724,294 703,525 — 20,769 — Prior 2,033,400 1,948,931 1,485 82,960 24 Revolving loans 209,118 207,167 — 1,950 1 Total $ 9,310,070 9,150,353 1,485 158,207 25 Other commercial loans 1 Term loans by origination year 2022 (year-to-date) $ 293,706 291,605 20 2,081 — 2021 637,517 632,545 — 3,695 1,277 2020 349,601 343,132 — 6,467 2 2019 213,733 204,185 — 9,536 12 2018 162,788 156,633 27 6,126 2 Prior 452,704 443,025 177 9,112 390 Revolving loans 575,343 569,480 350 5,377 136 Total $ 2,685,392 2,640,605 574 42,394 1,819 ___________________________ 1 Includes PPP loans. December 31, 2021 (Dollars in thousands) Total Pass Special Mention Substandard Doubtful/ Commercial real estate loans Term loans by origination year 2021 $ 2,679,564 2,677,540 — 2,024 — 2020 1,512,845 1,499,895 — 12,950 — 2019 952,039 919,091 — 32,948 — 2018 808,275 788,292 — 19,983 — 2017 665,733 624,018 — 41,715 — Prior 1,677,875 1,621,819 — 56,030 26 Revolving loans 334,500 332,696 — 1,803 1 Total $ 8,630,831 8,463,351 — 167,453 27 Other commercial loans 1 Term loans by origination year 2021 $ 751,151 746,709 — 4,442 — 2020 429,500 420,547 — 8,952 1 2019 235,591 226,614 — 8,974 3 2018 188,009 179,679 — 8,329 1 2017 209,287 207,509 — 1,775 3 Prior 312,852 297,926 — 14,275 651 Revolving loans 537,800 507,258 — 30,526 16 Total $ 2,664,190 2,586,242 — 77,273 675 ______________________________ 1 Includes PPP loans. For residential real estate, home equity and other consumer loan segments, the Company evaluates credit quality primarily on the aging status of the loan. The following tables present the amortized cost in residential real estate, home equity and other consumer loans based on payment performance: June 30, 2022 (Dollars in thousands) Total Performing 30-89 Days Past Due Non-Accrual and 90 Days or More Past Due Residential real estate loans Term loans by origination year 2022 (year-to-date) $ 290,234 290,234 — — 2021 584,815 583,300 1,515 — 2020 131,704 131,569 — 135 2019 48,997 48,997 — — 2018 40,466 40,198 — 268 Prior 163,160 161,528 163 1,469 Revolving loans 1,743 1,743 — — Total $ 1,261,119 1,257,569 1,678 1,872 Home equity loans Term loans by origination year 2022 (year-to-date) $ 54 54 — — 2021 38 38 — — 2020 60 60 — — 2019 263 231 — 32 2018 643 643 — — Prior 8,759 8,461 25 273 Revolving loans 763,765 761,244 1,111 1,410 Total $ 773,582 770,731 1,136 1,715 Other consumer loans Term loans by origination year 2022 (year-to-date) $ 89,945 89,777 168 — 2021 119,479 118,899 529 51 2020 62,620 62,420 159 41 2019 27,010 26,635 198 177 2018 13,931 13,675 79 177 Prior 19,656 18,015 1,481 160 Revolving loans 36,951 36,879 59 13 Total $ 369,592 366,300 2,673 619 December 31, 2021 (Dollars in thousands) Total Performing 30-89 Days Past Due Non-Accrual and 90 Days or More Past Due Residential real estate loans Term loans by origination year 2021 $ 427,814 427,318 496 — 2020 179,395 178,016 1,232 147 2019 66,543 66,470 — 73 2018 51,095 50,816 — 279 2017 42,181 42,005 — 176 Prior 146,299 143,473 861 1,965 Revolving loans 138,556 138,556 — — Total $ 1,051,883 1,046,654 2,589 2,640 Home equity loans Term loans by origination year 2021 $ 871 871 — — 2020 303 303 — — 2019 1,293 1,260 — 33 2018 1,329 1,328 — 1 2017 886 886 — — Prior 11,494 10,589 576 329 Revolving loans 720,112 717,089 1,518 1,505 Total $ 736,288 732,326 2,094 1,868 Other consumer loans Term loans by origination year 2021 $ 151,407 150,910 469 28 2020 80,531 80,072 443 16 2019 37,036 36,647 187 202 2018 19,563 19,268 144 151 2017 8,591 8,506 78 7 Prior 17,763 15,968 1,589 206 Revolving loans 33,948 33,680 257 11 Total $ 348,839 345,051 3,167 621

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The Company leases certain land, premises and equipment from third parties. ROU assets for operating and finance leases are included in net premises and equipment and lease liabilities are included in other liabilities and other borrowed funds, respectively, on the Company’s statements of financial condition. The following table summarizes the Company’s leases: June 30, 2022 December 31, 2021 (Dollars in thousands) Finance Operating Finance Operating ROU assets $ 17,041 5,995 Accumulated depreciation (906) (516) Net ROU assets $ 16,135 46,097 5,479 44,699 Lease liabilities $ 16,545 49,163 5,781 47,901 Weighted-average remaining lease term 13 years 18 years 23 years 16 years Weighted-average discount rate 3.0 % 3.5 % 2.6 % 3.4 % Maturities of lease liabilities consist of the following: June 30, 2022 (Dollars in thousands) Finance Operating Maturing within one year $ 2,440 4,875 Maturing one year through two years 2,131 4,475 Maturing two years through three years 2,141 4,217 Maturing three years through four years 2,149 4,128 Maturing four years through five years 2,159 4,014 Thereafter 8,978 47,990 Total lease payments 19,998 69,699 Present value of lease payments Short-term 1,894 1,238 Long-term 14,651 47,925 Total present value of lease payments 16,545 49,163 Difference between lease payments and present value of lease payments $ 3,453 20,536 The components of lease expense consist of the following: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Finance lease cost Amortization of ROU assets $ 312 62 390 123 Interest on lease liabilities 88 38 134 75 Operating lease cost 1,494 1,302 2,990 2,581 Short-term lease cost 108 82 213 168 Variable lease cost 337 234 644 495 Sublease income (12) (10) (24) (21) Total lease expense $ 2,327 1,708 4,347 3,421 Supplemental cash flow information related to leases is as follows: Three Months ended June 30, 2022 June 30, 2021 (Dollars in thousands) Finance Operating Finance Operating Cash paid for amounts included in the measurement of lease liabilities Operating cash flows $ 112 994 38 786 Financing cash flows 243 N/A 27 N/A Six Months ended June 30, 2022 June 30, 2021 (Dollars in thousands) Finance Operating Finance Operating Cash paid for amounts included in the measurement of lease liabilities Operating cash flows $ 158 2,019 75 1,566 Financing cash flows 282 N/A 54 N/A
Leases	Leases The Company leases certain land, premises and equipment from third parties. ROU assets for operating and finance leases are included in net premises and equipment and lease liabilities are included in other liabilities and other borrowed funds, respectively, on the Company’s statements of financial condition. The following table summarizes the Company’s leases: June 30, 2022 December 31, 2021 (Dollars in thousands) Finance Operating Finance Operating ROU assets $ 17,041 5,995 Accumulated depreciation (906) (516) Net ROU assets $ 16,135 46,097 5,479 44,699 Lease liabilities $ 16,545 49,163 5,781 47,901 Weighted-average remaining lease term 13 years 18 years 23 years 16 years Weighted-average discount rate 3.0 % 3.5 % 2.6 % 3.4 % Maturities of lease liabilities consist of the following: June 30, 2022 (Dollars in thousands) Finance Operating Maturing within one year $ 2,440 4,875 Maturing one year through two years 2,131 4,475 Maturing two years through three years 2,141 4,217 Maturing three years through four years 2,149 4,128 Maturing four years through five years 2,159 4,014 Thereafter 8,978 47,990 Total lease payments 19,998 69,699 Present value of lease payments Short-term 1,894 1,238 Long-term 14,651 47,925 Total present value of lease payments 16,545 49,163 Difference between lease payments and present value of lease payments $ 3,453 20,536 The components of lease expense consist of the following: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Finance lease cost Amortization of ROU assets $ 312 62 390 123 Interest on lease liabilities 88 38 134 75 Operating lease cost 1,494 1,302 2,990 2,581 Short-term lease cost 108 82 213 168 Variable lease cost 337 234 644 495 Sublease income (12) (10) (24) (21) Total lease expense $ 2,327 1,708 4,347 3,421 Supplemental cash flow information related to leases is as follows: Three Months ended June 30, 2022 June 30, 2021 (Dollars in thousands) Finance Operating Finance Operating Cash paid for amounts included in the measurement of lease liabilities Operating cash flows $ 112 994 38 786 Financing cash flows 243 N/A 27 N/A Six Months ended June 30, 2022 June 30, 2021 (Dollars in thousands) Finance Operating Finance Operating Cash paid for amounts included in the measurement of lease liabilities Operating cash flows $ 158 2,019 75 1,566 Financing cash flows 282 N/A 54 N/A

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The following schedule discloses the changes in the carrying value of goodwill: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Net carrying value at beginning of period $ 985,393 514,013 985,393 514,013 Acquisitions and adjustments — — — — Net carrying value at end of period $ 985,393 514,013 985,393 514,013

Loan Servicing

Loan Servicing	6 Months Ended
	Jun. 30, 2022
Mortgage Banking [Abstract]
Loan Servicing	Loan Servicing Mortgage loans that are serviced for others are not reported as assets, only the servicing rights are recorded and included in other assets. The following schedules disclose the change in the carrying value of mortgage servicing rights that is included in other assets, principal balances of loans serviced and the fair value of mortgage servicing rights: (Dollars in thousands) June 30, December 31, Carrying value at beginning of period $ 12,839 8,976 Acquisitions — 1,354 Additions 1,574 4,435 Amortization (994) (1,926) Carrying value at end of period $ 13,419 12,839 Principal balances of loans serviced for others $ 1,659,342 1,639,058 Fair value of servicing rights $ 19,802 16,938 The following table summarizes the carrying value of the Company’s securities sold under agreements to repurchase (“repurchase agreements”) by remaining contractual maturity of the agreements and category of collateral: Overnight and Continuous (Dollars in thousands) June 30, December 31, Residential mortgage-backed securities $ 968,197 1,020,794

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Variable Interest Entities	Variable Interest Entities A VIE is a partnership, limited liability company, trust or other legal entity that meets one of the following criteria: 1) the entity’s equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties; 2) the holders of the equity investment at risk, as a group, lack the characteristics of a controlling financial interest; and 3) the voting rights of some holders of the equity investment at risk are disproportionate to their obligation to absorb losses or receive returns, and substantially all of the activities are conducted on behalf of the holder of equity investment at risk with disproportionately few voting rights. A VIE must be consolidated by the Company if it is deemed to be the primary beneficiary, which is the party involved with the VIE that has both: 1) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and 2) the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company’s VIEs are regularly monitored to determine if any reconsideration events have occurred that could cause the primary beneficiary status to change. A previously unconsolidated VIE is consolidated when the Company becomes the primary beneficiary. A previously consolidated VIE is deconsolidated when the Company ceases to be the primary beneficiary or the entity is no longer a VIE. Consolidated Variable Interest Entities The Company has equity investments in Certified Development Entities (“CDE”) which have received allocations of New Markets Tax Credits (“NMTC”). The NMTC program provides federal tax incentives to investors to make investments in distressed communities and promotes economic improvements through the development of successful businesses in these communities. The NMTC is available to investors over seven years and is subject to recapture if certain events occur during such period. The maximum exposure to loss in the CDEs is the amount of equity invested and credit extended by the Company. However, the Company has credit protection in the form of indemnification agreements, guarantees, and collateral arrangements. The Company has evaluated the variable interests held by the Company in each CDE (NMTC) investment and determined the Company does not individually meet the characteristics of a primary beneficiary; however, the related-party group does meet the criteria as a group and substantially all of the activities of the CDEs either involve or are conducted on behalf of the Company. As a result, the Company is the primary beneficiary of the CDEs and their assets, liabilities, and results of operations are included in the Company’s consolidated financial statements. The primary activities of the CDEs are recognized in commercial loans interest income and other borrowed funds interest expense on the Company’s statements of operations and the federal income tax credit allocations from the investments are recognized in the Company’s statements of operations as a component of income tax expense. Such related cash flows are recognized in loans originated, principal collected on loans and change in other borrowed funds. The Bank is also the sole member of certain tax credit funds that make direct investments in qualified affordable housing projects (e.g., Low-Income Housing Tax Credit [“LIHTC”] partnerships). As such, the Company is the primary beneficiary of these tax credit funds and their assets, liabilities, and results of operations are included in the Company’s consolidated financial statements. The following table summarizes the carrying amounts of the consolidated VIEs’ assets and liabilities included in the Company’s statements of financial condition and are adjusted for intercompany eliminations. All assets presented can be used only to settle obligations of the consolidated VIEs and all liabilities presented consist of liabilities for which creditors and other beneficial interest holders therein have no recourse to the general credit of the Company. (Dollars in thousands) June 30, December 31, Assets Loans receivable $ 146,763 121,625 Accrued interest receivable 680 519 Other assets 47,129 41,363 Total assets $ 194,572 163,507 Liabilities Other borrowed funds $ 49,655 38,313 Accrued interest payable 266 117 Other liabilities 96 164 Total liabilities $ 50,017 38,594 Unconsolidated Variable Interest Entities The Company has equity investments in LIHTC partnerships, both directly and through tax credit funds, with carrying values of $63,357,000 and $50,725,000 as of June 30, 2022 and December 31, 2021, respectively. The LIHTCs are indirect federal subsidies to finance low-income housing and are used in connection with both newly constructed and renovated residential rental buildings. Once a project is placed in service, it is generally eligible for the tax credit for ten years. To continue generating the tax credit and to avoid tax credit recapture, a LIHTC building must satisfy specific low-income housing compliance rules for a full fifteen years. The maximum exposure to loss in the VIEs is the amount of equity invested and credit extended by the Company. However, the Company has credit protection in the form of indemnification agreements, guarantees, and collateral arrangements. The Company has evaluated the variable interests held by the Company in each LIHTC investment and determined that the Company does not have controlling financial interests in such investments, and is not the primary beneficiary. The Company reports the investments in the unconsolidated LIHTCs as other assets on the Company’s statements of financial condition. There were no impairment losses on the Company’s LIHTC investments during the six months ended June 30, 2022 and 2021. Future unfunded contingent equity commitments related to the Company’s LIHTC investments at June 30, 2022 are as follows: (Dollars in thousands) Amount Years ending December 31, 2022 $ 14,911 2023 30,232 2024 17,830 2025 817 2026 569 Thereafter 1,117 Total $ 65,476 The Company has elected to use the proportional amortization method, and more specifically the practical expedient method, for the amortization of all eligible LIHTC investments and amortization expense is recognized as a component of income tax expense. The following table summarizes the amortization expense and the amount of tax credits and other tax benefits recognized for qualified affordable housing project investments during the periods presented. Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Amortization expense $ 2,995 2,400 5,990 4,726 Tax credits and other tax benefits recognized 3,981 3,182 7,977 6,277 The Company also owns the following trust subsidiaries, each of which issued trust preferred securities as capital instruments: Glacier Capital Trust II, Glacier Capital Trust III, Glacier Capital Trust IV, Citizens (ID) Statutory Trust I, Bank of the San Juans Bancorporation Trust I, First Company Statutory Trust 2001, First Company Statutory Trust 2003, FNB (UT) Statutory Trust I and FNB (UT) Statutory Trust II. The trust subsidiaries have no assets, operations, revenues or cash flows other than those related to the issuance, administration and repayment of the securities held by third parties. The trust subsidiaries are not included in the Company’s consolidated financial statements because the sole asset of each trust subsidiary is a receivable from the Company, even though the Company owns all of the voting equity shares of the trust subsidiaries, has fully guaranteed the obligations of the trust subsidiaries and may have the right to redeem the third party securities under certain circumstances. The Company reports the trust preferred securities issued to the trust subsidiaries as subordinated debentures on the Company’s statements of financial condition.

Securities Sold Under Agreement

Securities Sold Under Agreements to Repurchase	6 Months Ended
	Jun. 30, 2022
Transfers and Servicing [Abstract]
Securities Sold Under Agreements to Repurchase	Loan Servicing Mortgage loans that are serviced for others are not reported as assets, only the servicing rights are recorded and included in other assets. The following schedules disclose the change in the carrying value of mortgage servicing rights that is included in other assets, principal balances of loans serviced and the fair value of mortgage servicing rights: (Dollars in thousands) June 30, December 31, Carrying value at beginning of period $ 12,839 8,976 Acquisitions — 1,354 Additions 1,574 4,435 Amortization (994) (1,926) Carrying value at end of period $ 13,419 12,839 Principal balances of loans serviced for others $ 1,659,342 1,639,058 Fair value of servicing rights $ 19,802 16,938 The following table summarizes the carrying value of the Company’s securities sold under agreements to repurchase (“repurchase agreements”) by remaining contractual maturity of the agreements and category of collateral: Overnight and Continuous (Dollars in thousands) June 30, December 31, Residential mortgage-backed securities $ 968,197 1,020,794

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Cash Flow Hedges The Company is exposed to certain risk relating to its ongoing business operations. The primary risk managed by using derivative instruments is interest ra te risk. Interest rate caps have been entered into to manage interest rate risk associated with forecasted variable rate borrowings. Interest Rate Cap Deriv atives. In March 2020, the Company purchased interest rate caps designated as cash flow hedges with notional amounts totaling $130,500,000 on its variable rate subordinated debentures and were determined to be fully effective during the six months ended June 30, 2022. The interest rate caps require receipt of variable amounts from the counterparty when interest rates rise above the strike price in the contracts. The strike prices in the five year term contracts range from 1.5 percent to 2 percent 3 month London Interbank Offered Rate (“LIBOR.”) At June 30, 2022 and December 31, 2021, the interest rate caps had a fair value of $4,718,000 and $934,000, respectively, and were reported as other assets on the Company’s statements of financial condition. Changes in fair value were recorded in OCI. Amortization recorded on the interest rate caps totaled $84,000 for the six months ended June 30, 2022 and 2021, respectively, and was reported as a component of interest expense on subordinated debentures. The effect of cash flow hedge accounting on OCI for the periods ending June 30, 2022 and 2021 was as follows: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Amount of gain (loss) recognized in OCI $ 903 (144) 3,870 449 Amount of gain reclassified from OCI to net income 2 — 2 —

Other Expenses

Other Expenses	6 Months Ended
	Jun. 30, 2022
Other Expenses [Abstract]
Other Expenses	Other Expenses Other expenses consists of the following: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Consulting and outside services $ 5,266 2,744 8,409 4,915 Mergers and acquisition expenses 2,055 1,078 8,262 1,182 Debit card expenses 2,280 970 4,084 2,292 Loan expenses 1,947 1,755 3,770 3,379 VIE amortization and other expenses 1,169 1,143 3,713 2,674 Telephone 1,691 1,339 3,285 2,714 Employee expenses 1,433 753 2,521 1,184 Business development 1,216 1,048 2,297 1,870 Postage 1,106 874 2,101 1,835 Printing and supplies 977 823 2,027 1,613 Legal fees 843 636 1,291 792 Checking and operating expenses 834 598 1,186 754 Accounting and audit fees 227 238 898 693 Gain on dispositions of fixed assets (957) (1,045) (1,267) (1,398) Other 1,790 1,006 3,144 2,107 Total other expenses $ 21,877 13,960 45,721 26,606

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table illustrates the activity within accumulated other comprehensive income (loss) by component, net of tax: (Dollars in thousands) Gains (Losses) on Available-For-Sale and Transferred Debt Securities (Losses) Gains on Derivatives Used for Cash Flow Hedges Total Balance at January 1, 2021 $ 143,443 (353) 143,090 Other comprehensive (loss) income before reclassifications (52,064) 336 (51,728) Reclassification adjustments for gains and transfers included in net income (278) — (278) Reclassification adjustments for amortization included in net income for transferred securities (642) — (642) Net current period other comprehensive (loss) income (52,984) 336 (52,648) Balance at June 30, 2021 $ 90,459 (17) 90,442 Balance at January 1, 2022 $ 27,038 321 27,359 Other comprehensive (loss) income before reclassifications (357,192) 2,892 (354,300) Reclassification adjustments for gains and transfers included in net income (572) (1) (573) Reclassification adjustments for amortization included in net income for transferred securities 302 — 302 Net current period other comprehensive (loss) income (357,462) 2,891 (354,571) Balance at June 30, 2022 $ (330,424) 3,212 (327,212)

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period presented. Diluted earnings per share is computed by including the net increase in shares as if dilutive outstanding restricted stock units were vested and stock options were exercised, using the treasury stock method. Basic and diluted earnings per share has been computed based on the following: Three Months ended Six Months ended (Dollars in thousands, except per share data) June 30, June 30, June 30, June 30, Net income available to common stockholders, basic and diluted $ 76,392 77,627 144,187 158,429 Average outstanding shares - basic 110,765,379 95,505,877 110,745,017 95,485,839 Add: dilutive restricted stock units and stock options 29,603 75,027 54,351 79,752 Average outstanding shares - diluted 110,794,982 95,580,904 110,799,368 95,565,591 Basic earnings per share $ 0.69 0.81 1.30 1.66 Diluted earnings per share $ 0.69 0.81 1.30 1.66 Restricted stock units and stock options excluded from the diluted average outstanding share calculation 1 139,496 — 105,947 — ______________________________ 1 Anti-dilution occurs when the unrecognized compensation cost per share of a restricted stock unit or the exercise price of a stock option exceeds the market price of the Company’s stock.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There is a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are as follows: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Transfers in and out of Level 1 (quoted prices in active markets), Level 2 (significant other observable inputs) and Level 3 (significant unobservable inputs) are recognized on the actual transfer date. There were no transfers between fair value hierarchy levels during the six month periods ended June 30, 2022 and 2021. Recurring Measurements The following is a description of the inputs and valuation methodologies used for assets and liabilities measured at fair value on a recurring basis, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the period ended June 30, 2022. Debt securities, available-for-sal e. The fair value for available-for-sale debt securities is estimated by obtaining quoted market prices for identical assets, where available. If such prices are not available, fair value is based on independent asset pricing services and models, the inputs of which are market-based or independently sourced market parameters, including but not limited to, yield curves, interest rates, volatilities, market spreads, prepayments, defaults, recoveries, cumulative loss projections, and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. Where Level 1 or Level 2 inputs are not available, such securities are classified as Level 3 within the hierarchy. Fair value determinations of available-for-sale debt securities are the responsibility of the Company’s corporate accounting and treasury departments. The Company obtains fair value estimates from independent third party vendors on a monthly basis. The vendors’ pricing system methodologies, procedures and system controls are reviewed to ensure they are appropriately designed and operating effectively. The Company reviews the vendors’ inputs for fair value estimates and the recommended assignments of levels within the fair value hierarchy. The review includes the extent to which markets for debt securities are determined to have limited or no activity, or are judged to be active markets. The Company reviews the extent to which observable and unobservable inputs are used as well as the appropriateness of the underlying assumptions about risk that a market participant would use in active markets, with adjustments for limited or inactive markets. In considering the inputs to the fair value estimates, the Company places less reliance on quotes that are judged to not reflect orderly transactions, or are non-binding indications. In assessing credit risk, the Company reviews payment performance, collateral adequacy, third party research and analyses, credit rating histories and issuers’ financial statements. For those markets determined to be inactive or limited, the valuation techniques used are models for which management has verified that discount rates are appropriately adjusted to reflect illiquidity and credit risk. Loans held for sale, at fair value. Loans held for sale measured at fair value, for which an active secondary market and readily available market prices exist, are initially valued at the transaction price and are subsequently valued by using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors. Loans held for sale measured at fair value are classified within Level 2. Included in gain on sale of loans were net losses of $1,388,000 and $3,870,000 for the six month periods ended June 30, 2022 and 2021, respectively, from the changes in fair value of loans held for sale measured at fair value. Electing to measure loans held for sale at fair value reduces certain timing differences and better matches changes in fair value of these assets with changes in the value of the derivative instruments used to economically hedge them without the burden of complying with the requirements for hedge accounting. Loan interest rate lock commitments. F air value estimates for loan interest rate lock commitments were based upon the estimated sales price, origination fees, direct costs, interest rate changes, etc. and were obtained from an independent third party. The components of the valuation were observable or could be corroborated by observable market data and, therefore, were classified within Level 2 of the valuation hierarchy. Forward commitments to sell TBA securities. Fo rward commitments to sell TBA securities are used to economically hedge the interest rate risk associated with certain loan commitments. The fair value estimates for the TBA commitments were based upon the estimated sale of the TBA hedge obtained from an independent third party. The components of the valuation were observable or could be corroborated by observable market data and, therefore, were classified within Level 2 of the valuation hierarchy. Interest rate cap derivative financial instrum ents. F air value estimates for interest rate cap derivative financial instruments were based upon the discounted cash flows of known payments plus the option value of each caplet which incorporates market rate forecasts and implied market volatilities. The components of the valuation were observable or could be corroborated by observable market data and, therefore, were classified within Level 2 of the valuation hierarchy. The Company also obtained and compared the reasonableness of the pricing from independent third party valuations. The following tables disclose the fair value measurement of assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements (Dollars in thousands) Fair Value June 30, 2022 Quoted Prices Significant Significant Debt securities, available-for-sale U.S. government and federal agency $ 457,884 — 457,884 — U.S. government sponsored enterprises 297,814 — 297,814 — State and local governments 437,617 — 437,617 — Corporate bonds 101,348 — 101,348 — Residential mortgage-backed securities 3,715,502 — 3,715,502 — Commercial mortgage-backed securities 1,199,034 — 1,199,034 — Loans held for sale, at fair value 33,837 — 33,837 — Interest rate caps 4,718 — 4,718 — Interest rate locks 1,166 — 1,166 — TBA hedge 196 — 196 — Total assets measured at fair value on a recurring basis $ 6,249,116 — 6,249,116 — Fair Value Measurements (Dollars in thousands) Fair Value December 31, 2021 Quoted Prices Significant Significant Debt securities, available-for-sale U.S. government and federal agency $ 1,346,749 — 1,346,749 — U.S. government sponsored enterprises 240,693 — 240,693 — State and local governments 488,858 — 488,858 — Corporate bonds 180,752 — 180,752 — Residential mortgage-backed securities 5,699,659 — 5,699,659 — Commercial mortgage-backed securities 1,214,138 — 1,214,138 — Loans held for sale, at fair value 60,797 — 60,797 — Interest rate caps 934 — 934 — Interest rate locks 3,008 — 3,008 — Total assets measured at fair value on a recurring basis $ 9,235,588 — 9,235,588 — TBA hedge $ 80 — 80 — Total liabilities measured at fair value on a recurring basis $ 80 — 80 — Non-recurring Measurements The following is a description of the inputs and valuation methodologies used for assets recorded at fair value on a non-recurring basis, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the period ended June 30, 2022. Other real estate owned. OREO is initially recorded at fair value less estimated cost to sell, establishing a new cost basis. OREO is subsequently accounted for at lower of cost or fair value less estimated cost to sell. Estimated fair value of OREO is based on appraisals or evaluations (new or updated). OREO is classified within Level 3 of the fair value hierarchy. Collateral-dependent loans, net of ACL. Fair value estimates of collateral-dependent loans that are individually reviewed are based on the fair value of the collateral, less estimated cost to sell. Collateral-dependent individually reviewed loans are classified within Level 3 of the fair value hierarchy. The Company’s credit department reviews appraisals for OREO and collateral-dependent loans, giving consideration to the highest and best use of the collateral. The appraisal or evaluation (new or updated) is considered the starting point for determining fair value. The valuation techniques used in preparing appraisals or evaluations (new or updated) include the cost approach, income approach, sales comparison approach, or a combination of the preceding valuation techniques. The key inputs used to determine the fair value of the collateral-dependent loans and OREO include selling costs, discounted cash flow rate or capitalization rate, and adjustment to comparables. Valuations and significant inputs obtained by independent sources are reviewed by the Company for accuracy and reasonableness. The Company also considers other factors and events in the environment that may affect the fair value. The appraisals or evaluations (new or updated) are reviewed at least quarterly and more frequently based on current market conditions, including deterioration in a borrower’s financial condition and when property values may be subject to significant volatility. After review and acceptance of the collateral appraisal or evaluation (new or updated), adjustments to the impaired loan or OREO may occur. The Company generally obtains appraisals or evaluations (new or updated) annually. The following tables disclose the fair value measurement of assets with a recorded change during the period resulting from re-measuring the assets at fair value on a non-recurring basis: Fair Value Measurements (Dollars in thousands) Fair Value June 30, 2022 Quoted Prices Significant Significant Collateral-dependent impaired loans, net of ACL $ 2,801 — — 2,801 Total assets measured at fair value on a non-recurring basis $ 2,801 — — 2,801 Fair Value Measurements (Dollars in thousands) Fair Value December 31, 2021 Quoted Prices Significant Significant Collateral-dependent impaired loans, net of ACL $ 22,036 — — 22,036 Total assets measured at fair value on a non-recurring basis $ 22,036 — — 22,036 Non-recurring Measurements Using Significant Unobservable Inputs (Level 3) The following tables present additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Fair Value June 30, 2022 Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Valuation Technique Unobservable Input Range (Weighted-Average) 1 Collateral-dependent impaired loans, net of ACL $ 1,560 Cost approach Selling costs 10.0% - 10.0% (10.0%) 1,241 Sales comparison approach Selling costs 10.0% - 10.0% (10.0%) $ 2,801 Fair Value December 31, 2021 Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Valuation Technique Unobservable Input Range (Weighted-Average) 1 Collateral-dependent loans, net of ACL $ 20,934 Cost approach Selling costs 10.0% - 10.0% (10.0%) 1,102 Sales comparison approach Selling Costs 5.0% - 10.0% (6.7%) Adjustment to comparables 0.0% - 10.0% (6.0%) $ 22,036 ______________________________ 1 The range for selling cost inputs represents reductions to the fair value of the assets. Fair Value of Financial Instruments The following tables present the carrying amounts, estimated fair values and the level within the fair value hierarchy of the Company’s financial instruments not carried at fair value. Receivables and payables due in one year or less, equity securities without readily determinable fair values and deposits with no defined or contractual maturities are excluded. There have been no significant changes in the valuation techniques during the period ended June 30, 2022. Cash and cash equivalents : fair value is estimated at book value. Debt securities, held-to-maturity : fair value for held-to-maturity debt securities is estimated in the same manner as available-for sale debt securities, which is described above. Loans receivable, net of ACL : The loans were fair valued on an individual basis, with consideration given to the loans' underlying characteristics, including account types, remaining terms and balance, interest rates, past delinquencies, current market rates, etc. The model utilizes a discounted cash flow approach to estimate the fair value of the loans using various assumptions such as prepayment speeds, projected default probabilities, losses given defaults, etc. The discounted cash flow approach models the credit losses directly in the projected cash flows. The model applies various assumptions regarding credit, interest, and prepayment risks for the loans based on loan types, payment types and fixed or variable classifications. Term Deposits : fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from an independent third party based on current rates offered by the Company’s regional competitors. Repurchase agreements and other borrowed funds : fair value of term repurchase agreements and other term borrowings is estimated based on current repurchase rates and borrowing rates currently available to the Company for repurchases and borrowings with similar terms and maturities. The estimated fair value for overnight repurchase agreements and other borrowings is book value. Subordinated debentures : fair value of the subordinated debt is estimated by discounting the estimated future cash flows using current estimated market rates obtained from an independent third party. Off-balance sheet financial instrument s: unused lines of credit and letters of credit represent the principal categories of off-balance sheet financial instruments. The fair value of commitments is based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of unused lines of credit and letters of credit is not material; therefore, such commitments are not included in the following tables. Fair Value Measurements (Dollars in thousands) Carrying Amount June 30, 2022 Quoted Prices Significant Significant Financial assets Cash and cash equivalents $ 415,406 415,406 — — Debt securities, held-to-maturity 3,788,486 — 3,459,759 — Loans receivable, net of ACL 14,226,792 — — 14,129,375 Total financial assets $ 18,430,684 415,406 3,459,759 14,129,375 Financial liabilities Term deposits $ 968,382 — 970,941 — FHLB advances 580,000 — 580,000 — Repurchase agreements and other borrowed funds 1,034,397 — 1,034,397 — Subordinated debentures 132,701 — 127,603 — Total financial liabilities $ 2,715,480 — 2,712,941 — Fair Value Measurements (Dollars in thousands) Carrying Amount December 31, 2021 Quoted Prices Significant Significant Financial assets Cash and cash equivalents $ 437,686 437,686 — — Debt securities, held-to-maturity 1,199,164 — 1,220,883 — Loans receivable, net of ACL 13,259,366 — — 13,422,898 Total financial assets $ 14,896,216 437,686 1,220,883 13,422,898 Financial liabilities Term deposits $ 1,036,077 — 1,040,100 — Repurchase agreements and other borrowed funds 1,064,888 — 1,064,888 — Subordinated debentures 132,620 — 131,513 — Total financial liabilities $ 2,233,585 — 2,236,501 —

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Glacier Bancorp, Inc. (“Company”) is a Montana corporation headquartered in Kalispell, Montana. The Company provides a full range of banking services to individuals and businesses in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona and Nevada through its wholly-owned bank subsidiary, Glacier Bank (“Bank”). The Company offers a wide range of banking products and services, including: 1) retail banking; 2) business banking; 3) real estate, commercial, agriculture and consumer loans; and 4) mortgage origination and loan servicing. The Company serves individuals, small to medium-sized businesses, community organizations and public entities. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature. These interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements and they should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. Operating results for the six months ended June 30, 2022 are not necessarily indicative of the results anticipated for the year ending December 31, 2022. The condensed consolidated statement of financial condition of the Company as of December 31, 2021 has been derived from the audited consolidated statements of the Company as of that date. The Company is a defendant in legal proceedings arising in the normal course of business. In the opinion of management, the disposition of pending litigation will not have a material affect on the Company’s consolidated financial position, results of operations or liquidity.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of the Company include the parent holding company and the Bank, which consists of seventeen bank divisions and a corporate division. The corporate division includes the Bank’s investment portfolio, wholesale borrowings and other centralized functions. The Bank divisions operate under separate names, management teams and advisory directors. The Company considers the Bank to be its sole operating segment as the Bank 1) engages in similar bank business activity from which it earns revenues and incurs expenses; 2) the operating results of the Bank are regularly reviewed by the Chief Executive Officer (“CEO”) (i.e., the chief operating decision maker) who makes decisions about resources to be allocated to the Bank; and 3) financial information is available for the Bank. All significant inter-company transactions have been eliminated in consolidation. The Bank has subsidiary interests in variable interest entities (“VIE”) for which the Bank has both the power to direct the VIE’s significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could potentially be significant to the VIE. These subsidiary interests are included in the Company’s consolidated financial statements. The Bank also has subsidiary interests in VIEs for which the Bank does not have a controlling financial interest and is not the primary beneficiary. These subsidiary interests are not included in the Company’s consolidated financial statements. The parent holding company owns non-bank subsidiaries that have issued trust preferred securities. The trust subsidiaries are not included in the Company’s consolidated financial statements. The Company's investments in the trust subsidiaries are included in other assets on the Company's statements of financial condition.
Cash and Cash Equivalents	Cash and Cash EquivalentsCash and cash equivalents include cash on hand, cash held as demand deposits at various banks and the Federal Reserve Bank (“FRB”), interest bearing deposits, federal funds sold, and liquid investments with original maturities of three months or less. The Bank is required to maintain an average reserve balance with either the FRB or in the form of cash on hand.
Debt Securities and Allowance for Credit Losses - Available-for-Sale Debt Securities	De bt Securities Debt securities for which the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost. Debt securities held primarily for the purpose of selling in the near term are classified as trading securities and are reported at fair value, with unrealized gains and losses included in income. Debt securities not classified as held-to-maturity or trading are classified as available-for-sale and are reported at fair value with unrealized gains and losses, net of income taxes, as a separate component of other comprehensive income (“OCI”). Premiums and discounts on debt securities are amortized or accreted into income using a method that approximates the interest method. The objective of the interest method is to calculate periodic interest income at a constant effective yield. The Company does not have any debt securities classified as trading securities. When the Company acquires another entity, it records the debt securities at fair value. The Company reviews and analyzes the various risks that may be present within the investment portfolio on an ongoing basis, including market risk, credit risk and liquidity risk. Market risk is the risk to an entity’s financial condition resulting from adverse changes in the value of its holdings arising from movements in interest rates, foreign exchange rates, equity prices or commodity prices. The Company assesses the market risk of individual debt securities as well as the investment portfolio as a whole. Credit risk, broadly defined, is the risk that an issuer or counterparty will fail to perform on an obligation. The credit rating of a security is considered the primary credit quality indicator for debt securities. Liquidity risk refers to the risk that a security will not have an active and efficient market in which the security can be sold. A debt security is investment grade if the issuer has adequate capacity to meet its commitment over the expected life of the investment, i.e., the risk of default is low and full and timely repayment of interest and principal is expected. To determine investment grade status for debt securities, the Company conducts due diligence of the creditworthiness of the issuer or counterparty prior to acquisition and ongoing thereafter consistent with the risk characteristics of the security and the overall risk of the investment portfolio. Credit quality due diligence takes into account the extent to which a security is guaranteed by the U.S. government and other agencies of the U.S. government. The depth of the due diligence is based on the complexity of the structure, the size of the security, and takes into account material positions and specific groups of securities or stratifications for analysis and review of similar risk positions. The due diligence includes consideration of payment performance, collateral adequacy, internal analyses, third party research and analytics, external credit ratings and default statistics. The Company has acquired debt securities through acquisitions and if the securities have more than insignificant credit deterioration since origination, they are designated as purchased credit-deteriorated (“PCD”) securities. An ACL is determined using the same methodology as with other debt securities. The sum of a PCD security’s fair value and associated ACL becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the debt security is a noncredit discount or premium, which is amortized into interest income over the life of the security. Subsequent changes to the ACL are recorded through provision for credit losses. For additional information relating to debt securities, see Note 2. Allowance for Credit Losses - Available-for-Sale Debt Securities For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more-likely-than-not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through other expense. For the available-for-sale securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from cred it losses or other factors. In such assessment, the Company considers the extent to which fair value is less than amortized cost, if there are any changes to the investment grade of the security by a rating agency, and if there are any adverse conditions that impact the security. If this assessment indicates a credit loss exists, the present value of the cash flows expected to be collected from the security is compared to the amortized cost basis of the s ecurity. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a potential credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost. Any estimated credit losses that have not been recorded through an ACL are recognized in OCI. The Company has elected to exclude accrued interest from the estimate of credit losses for available-for-sale debt securities. As part of its non-accrual policy, the Company charges-off uncollectable interest at the time it is determined to be uncollectable. Allowance for Credit Losses - Held-to-Maturity Debt Securities For estimating the allowance for held-to-maturity (“HTM”) debt securities that share similar risk characteristics with other securities, such securities are pooled based on major security type. For pools of such securities with similar risk characteristics, the historical lifetime probability of default and severity of loss in the event of default is derived or obtained from external sources and adjusted for the expected effects of reasonable and supportable forecasts over the expected lives of the securities on those historical credit losses. Expected credit losses on securities in the held-to-maturity portfolio that do not share similar risk characteristics with any of the pools of debt securities are individually measured based on net realizable value, or the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the recorded amortized cost basis of the securities.
Loans Held for Sale	Loans Held for Sale Loans held for sale generally consist of long-term, fixed rate, conforming, single-family residential real estate loans intended to be sold on the secondary market. Loans held for sale are recorded at fair value and may or may not be sold with servicing rights released. Changes in fair value are recognized in non-interest income. Fair value elections are made at the time of origination based on the Company’s fair value election policy.
Loans Receivable and Allowance for Credit Losses, and Loan Servicing Rights	Loans Receivable The Company’s loan segments or classes are based on the purpose of the loan and consist of residential real estate, commercial real estate, other commercial, home equity, and other consumer loans. Loans that are intended at origination to be held-to-maturity are reported at the unpaid principal balance less net c harge-offs and adjusted for deferred fees and costs on originated loans and unamortized premiums or discounts on acquired loans. Interest income is accrued on the unpaid principal balance. Fees and costs on originated loans and premiums or discounts on acquired loans are deferred and subsequently amortized or accreted as a yield adjustment over the expected life of the loan utilizing the interest or straight-line methods. The interest method is utilized for loans with scheduled payment terms and the objective is to calculate periodic interest income at a constant effective yield. The straight-line method is utilized for revolving lines of credit or loans with no scheduled payment terms. When a loan is paid off prior to maturity, the remaining unamortized fees and costs on originated loans and unamortized premiums or discounts on acquired loans are immediately recognized as interest income. Loans that are thirty days or more past due based on payments received and applied to the loan are considered delinquent. Loans are designated non-accrual and the accrual of interest is discontinued when the collection of the contractual principal or interest is unlikely. A loan is typically placed on non-accrual when principal or interest is due and has remained unpaid for ninety days or more. When a loan is placed on non-accrual status, interest previously accrued but not collected is reversed against current period interest income. Subsequent payments on non-accrual loans are applied to the outstanding principal balance if doubt remains as to the ultimate collectability of the loan. Interest accruals are not resumed on partially charged-off impaired loans. For other loans on non-accrual, interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. Allowance for Credit Losses - Loans Receivable The ACL for loans receivable represents management’s estimate of credit losses over the expected contractual life of the loan portfolio. The estimate is determined based on the amortized cost of the loan portfolio including the loan balance adjusted for charge-offs, recoveries, deferred fees and costs, and loan discount and premiums. Recoveries are included only to the extent that such amounts were previously charged-off. The Company has elected to exclude accrued interest from the estimate of credit losses for loans. Determining the adequacy of the allowance is complex and requires a high degree of judgment by management about the effect of matters that are inherently uncertain. Subsequent evaluations of the then-existing loan portfolio, in light of the factors then prevailing, may result in significant changes in the allowance in those future periods. The allowance is increased for estimated credit losses which are recorded as expense. The portion of loans and overdraft balances determined by management to be uncollectable are charged-off as a reduction to the allowance and recoveries of amounts previously charged-off increase the allowance. The Company’s charge-off policy is consistent with bank regulatory standards. Consumer loans generally are charged-off when the loan becomes over 120 days delinquent. Real estate acquired as a result of foreclosure or by deed-in-lieu of foreclosure is classified as other real estate owned (“OREO”) until such time as it is sold. The expected credit loss estimate process involves procedures to consider the unique characteristics of each of the Company’s loan portfolio segments, which consist of residential real estate, commercial real estate, other commercial, home equity, and other consumer loans. When computing the allowance levels, credit loss assumptions are estimated using a model that categorizes loan pools based on loss history, credit and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. The Company has determined a four consecutive quarter forecasting period is a reasonable and supportable period. Expected credit loss for periods beyond reasonable and supportable forecast periods are determined based on a reversion method which reverts back to historical loss estimate over a four consecutive quarter period on a straight-line basis. Credit quality is assessed and monitored by evaluating various attributes and the results of those evaluations are utilized in underwriting new loans and the process for estimating the expected credit losses. The following paragraphs describe the risk characteristics relevant to each portfolio segment. Residential Real Estate. Residential real estate loans are secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans is impacted by economic conditions within the Company’s market areas that affect the value of the residential property securing the loans and affect the borrowers' personal incomes. Mitigating risk factors for this loan segment include a large number of borrowers, geographic dispersion of market areas and the loans are originated for relatively smaller amounts. Commercial Real Estate . Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operation of the property securing the loan and/or the business conducted on the property securing the loan. Credit risk in these loans is impacted by the creditworthiness of a borrower, valuation of the property securing the loan and conditions within the local economies in the Company’s diverse, geographic market areas. Commercial . Commercial loans consist of loans to commercial customers for use in financing working capital needs, equipment purchases and business expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations across the Company’s diverse, geographic market areas. Home Equity . Home equity loans consist of junior lien mortgages and first and junior lien lines of credit (revolving open-end and amortizing closed-end) secured by owner-occupied 1-4 family residences. Repayment of these loans is primarily dependent on the personal income and credit rating of the borrowers. Credit risk in these loans is impacted by economic conditions within the Company’s market areas that affect the value of the residential property securing the loans and affect the borrowers' personal incomes. Mitigating risk factors for this loan segment are a large number of borrowers, geographic dispersion of market areas and the loans are originated for terms that range from 10 to 15 years. Other Consumer . The other consumer loan portfolio consists of various short-term loans such as automobile loans and loans for other personal purposes. Repayment of these loans is primarily dependent on the personal income of the borrowers. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Company’s diverse, geographic market area) and the creditworthiness of a borrower. The allowance is impacted by loan volumes, delinquency status, credit ratings, historical loss experiences, estimated prepayment speeds, weighted average lives and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. The methodology for estimating the amount of expected credit losses reported in the allowance has two basic components: 1) individual loans that do not share similar risk characteristics with other loans and the measurement of expected credit losses for such individual loans; and 2) the expected credit losses for pools of loans that share similar risk characteristics. Loans that do not Share Similar Risk Characteristics with Other Loans. For a loan that does not share similar risk characteristics with other loans, expected credit loss is measured based on the net realizable value, that is, the difference between the discounted value of the expected future cash flows, based on the original effective interest rate, and the amortized cost basis of the loan. For these loans, the expected credit loss is equal to the amount by which the net realizable value of the loan is less than the amortized cost basis of the loan (which is net of previous charge-offs and deferred loan fees and costs), except when the loan is collateral-dependent, that is, when foreclosure is probable or the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In these cases, expected credit loss is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral. The fair value of the collateral is adjusted for the estimated cost to sell if repayment or satisfaction of a loan is dependent on the sale (rather than only on the operation) of the collateral. The Company has determined that non-accrual loans do not share similar risk characteristics with other loans and these loans are individually evaluated for estimated allowance for credit losses. The Company, through its credit monitoring process, may also identify other loans that do not share similar risk characteristics and individually evaluate such loans. The starting point for determining the fair value of collateral is to obtain external appraisals or evaluations (new or updated). The valuation techniques used in preparing appraisals or evaluations (new or updated) include the cost approach, income approach, sales comparison approach, or a combination of the preceding valuation techniques. The Company’s credit department reviews appraisals, giving consideration to the highest and best use of the collateral. The appraisals or evaluations (new or updated) are reviewed at least quarterly and more frequently based on current market conditions, including deterioration in a borrower’s financial condition and when property values may be subject to significant volatility. Adjustments may be made to the fair value of the collateral after review and acceptance of the collateral appraisal or evaluation (new or updated). Loans that Share Similar Risk Characteristics with other Loans. For estimating the allowance for loans that share similar risk characteristics with other loans, such loans are segregated into loan segments. Loans are designated into loan segments based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the ACL, the Company derives an estimated credit loss assumption from a model that categorizes loan pools based on loan type which is further segregated by the credit quality indicators. This model calculates an expected loss percentage for each loan segment by considering the non-discounted simple annual average historical loss rate of each loan segment (calculated through an “open pool” method), multiplying the loss rate by the amortized loan balance and incorporating that segment’s internally generated prepayment speed assumption and contractually scheduled remaining principal pay downs on a loan level basis. The annual historical loss rates are adjusted over a reasonable economic forecast period by a multiplier that is calculated based upon current national economic forecasts as a proportion of each segment’s historical average loss levels. The Company will then revert from the economic forecast period back to the historical average loss rate in a straight-line basis. After the reversion period, the loans will be assumed to experience their historical loss rate for the remainder of their contractual lives. The model applies the expected loss rate over the projected cash flows at the individual loan level and then aggregates the losses by loan segment in determining their quantitative allowance. The Company will also include qualitative adjustments to adjust the ACL on loan segments to the extent the current or future market conditions are believed to vary substantially from historical conditions in regards to: • lending policies and procedures; • i nternational, national, regional and local economic business conditions, developments, or environmental conditions that affect the collectability of the portfolio, including the condition of various markets; • the nature and volume of the loan portfolio including the terms of the loans; • the experience, ability, and depth of the lending management and other relevant staff; • the volume and severity of past due and adversely classified or graded loans and the volume of non-accrual loans; • the quality of our loan review system; • the value of underlying collateral for collateralized loans; • the existence and effect of any concentrations of credit, and changes in the level of concentrations; and • the effect of external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the existing portfolio. The Company regularly reviews loans in the portfolio to assess credit quality indicators and to determine the appropriate loan classification and grading in accordance with applicable bank regulations. The primary credit quality indicator for residential, home equity and other consumer loans is the days past due status, which consists of the following categories: 1) performing loans; 2) 30 to 89 days past due loans; and 3) non-accrual and ninety days or more past due loans. The primary credit quality indicator for commercial real estate and commercial loans is the Company’s internal risk rating system, which includes the following categories: 1) pass loans; 2) special mention loans; 3) substandard loans; and 4) doubtful or loss loans. Such credit quality indicators are regularly monitored and incorporated into the Company’s allowance estimate. The following paragraphs further define the internal risk ratings for commercial real estate and commercial loans. Pass Loans. These ratings represent loans that are of acceptable, good or excellent quality with very limited to no risk. Loans that do not have one of the following ratings are considered pass loans. Special Mention Loans. These ratings represent loans that are designated as special mention per the regulatory definition. Special mention loans are currently protected but are potentially weak. The credit risk may be relatively minor yet constitute an undue and unwarranted risk in light of the circumstances surrounding a specific loan. The rating may be used to identify credit with potential weaknesses that if not corrected may weaken the loan to the point of inadequately protecting the Bank’s credit position. Examples include a lack of supervision, inadequate loan agreement, condition, or control of collateral, incomplete, or improper documentation, deviations from lending policy, and adverse trends in operations or economic conditions. Substandard Loans. This rating represents loans that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. A loan so classified must have a well-defined weakness that jeopardizes the liquidation of the debt. These loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregated amount of substandard loans, does not have to exist in an individual loan classified substandard. Doubtful/Loss Loans. A loan classified as doubtful has the characteristics that make collection in full, on the basis of currently existing facts, conditions, and values, highly improbable. The possibility of loss is extremely high, but because of pending factors, which may work to the advantage and strengthening of the loan, its classification as loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. Loans are classified as loss when they are deemed to be not collectible and of such little value that continuance as an active asset of the Bank is not warranted. Loans classified as loss must be charged-off. Assignment of this classification does not mean that an asset has absolutely no recovery or salvage value, but that it is not practical or desirable to defer writing off a basically worthless asset, even though partial recovery may be attained in the future. Restructured Loans A restructured loan is considered a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The Company periodically enters into restructure agreements with borrowers whereby the loans were previously identified as TDRs. When such circumstances occur, the Company carefully evaluates the facts of the subsequent restructure to determine the appropriate accounting and under certain circumstances it may be acceptable not to account for the subsequently restructured loan as a TDR. When assessing whether a concession has been granted by the Company, any prior forgiveness on a cumulative basis is considered a continuing concession. The Company has made the following types of loan modifications, some of which were considered a TDR: • reduction of the stated interest rate for the remaining term of the debt; • extension of the maturity date(s) at a stated rate of interest lower than the current market rate for newly originated debt having similar risk characteristics; and • reduction of the face amount of the debt as stated in the debt agreements. The Company recognizes that while borrowers may experience deterioration in their financial condition, many continue to be creditworthy borrowers who have the willingness and capacity for debt repayment. In determining whether non-restructured or performing loans issued to a single or related party group of borrowers should continue to accrue interest when the borrower has other loans that are non-performing or are TDRs, the Company on a quarterly or more frequent basis performs an updated and comprehensive assessment of the willingness and capacity of the borrowers to timely and ultimately repay their total debt obligations, including contingent obligations. Such analysis takes into account current financial information about the borrowers and financially responsible guarantors, if any, including for example: • analysis of global, i.e., aggregate debt service for total debt obligations; • assessment of the value and security protection of collateral pledged using current market conditions and alternative market assumptions across a variety of potential future situations; and • loan structures and related covenants. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law which includes many provisions that impact the Company and its customers. The banking regulatory agencies have encouraged banks to work with borrowers who have been impacted by COVID-19 and the CARES Act, along with related regulatory guidance, allows banks to not designate certain modifications as TDRs that otherwise may have been classified as TDRs. In general, in order to qualify for such treatment, the modifications need to be short-term and made on a good faith basis in response to the COVID-19 pandemic to borrowers who were previously deemed current as outlined in the regulatory guidance. The Company has made such modifications to assist borrowers impacted by the COVID-19 pandemic. The allowance for credit losses on a TDR is measured using the same method as all other loans held for investment. For a TDR that is individually reviewed and not collateral-dependent, the value of the concession can only be measured using the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest of the loan. Allowance for Credit Losses - Off-Balance Sheet Credit Exposures The Company maintains a separate allowance for credit losses for off-balance sheet credit exposures, including unfunded loan commitments. Such ACL is included in other liabilities on the Company’s statements of financial condition. The Company estimates the amount of expected losses by calculating a commitment usage factor over the contractual period for exposures and applying the loss factors used in the allowance for credit loss methodology to the results of the usage calculation to estimate the liability for credit losses related to unfunded commitments for each loan segment. No credit loss estimate is reported for off-balance sheet credit exposures that are unconditionally cancellable by the Bank or for unfunded amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. Provision for Credit Losses Loan Servicing Rights For residential real estate loans that are sold with servicing retained, servicing rights are initially recorded at fair value in other assets and gain on sale of loans. Fair value is based on market prices for comparable mortgage servicing contracts. The servicing asset is subsequently measured using the amortization method which requires the servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Loan servicing rights are evaluated for impairment based upon the fair value of the servicing rights compared to the carrying value. Impairment is recognized through a valuation allowance, to the extent that fair value is less than the carrying value. If the Company later determines that all or a portion of the impairment no longer exists, a reduction in the valuation allowance may be recorded. Changes in the valuation allowance are recorded in other income. The fair value of the servicing assets are subject to significant fluctuations as a result of changes in estimated actual prepayment speeds and default rates and losses.
Premises and Equipment	Premises and EquipmentPremises and equipment are accounted for at cost less depreciation. Depreciation is computed on a straight-line method over the estimated useful lives or the term of the related lease. The estimated useful life for office buildings is 15 to 40 years and the estimated useful life for furniture, fixtures, and equipment is 3 to 10 years. Interest is capitalized for any significant building projects.
Lessee Leases	Leases The Company leases certain land, premises and equipment from third parties. A lessee lease is classified as an operating lease unless it meets certain criteria (e.g., lease contains option to purchase that Company is reasonably certain to exercise), in which case it is classified as a finance lease. Operating leases are included in net premises and equipment and other liabilities on the Company’s statements of financial condition and lease expense for lease payments is recognized on a straight-line basis over the lease term. Finance leases are included in net premises and equipment and other borrowed funds on the Company’s statements of financial condition. Right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. An ROU asset represents the right to use the underlying asset for the lease term and also includes any direct costs and payments made prior to lease commencement and excludes lease incentives. When an implicit rate is not available, an incremental borrowing rate based on the information available at commencement date is used in determining the present value of the lease payments. A lease term may include an option to extend or terminate the lease when it is reasonably certain the option will be exercised. The Company accounts for lease and nonlease components (e.g., common-area maintenance) together as a single combined lease component for all asset classes. Short-term leases of 12 months or less are excluded from accounting guidance; as a result, the lease payments are recognized on a straight-line basis over the lease term and the leases are not reflected on the Company’s statements of financial condition. Renewal and termination options are considered when determining short-term leases. Leases are accounted for on an individual lease level.
Lessor Leases	The Company also leases certain premises and equipment to third parties. A lessor lease is classified as an operating lease unless it meets certain criteria that would classify it as either a sales-type lease or a direct financing lease.
Other Real Estate Owned	Other Real Estate Owned Property acquired by foreclosure or deed-in-lieu of foreclosure is initially recorded at fair value, less estimated selling cost, at acquisition date (i.e., cost of the property). The Company is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan upon the occurrence of either the Company obtaining legal title to the property or the borrower conveying all interest in the property through a deed-in-lieu or similar agreement. Fair value is determined as the amount that could be reasonably expected in a current sale between a willing buyer and a willing seller in an orderly transaction between market participants at the measurement date. Subsequent to the initial acquisition, if the fair value of the asset, less estimated selling cost, is less than the cost of the property, a loss is recognized in other expense and the asset carrying value is reduced. Gain or loss on disposition of OREO is recorded in non-interest income or non-interest expense, respectively. In determining the fair value of the properties on the date of transfer and any subsequent estimated losses of net realizable value, the fair value of other real estate acquired by foreclosure or deed-in-lieu of foreclosure is determined primarily based upon appraisal or evaluation of the underlying property value.
Business Combination and Intangible Assets	Business Combinations and Intangible Assets Acquisition accounting requires the total purchase price to be allocated to the estimated fair values of assets acquired and liabilities assumed, including certain intangible assets. Goodwill is recorded if the purchase price exceeds the net fair value of assets acquired and a bargain purchase gain is recorded in other income if the net fair value of assets acquired exceeds the purchase price. Adjustment of the allocated purchase price may be related to fair value estimates for which all information has not been obtained of the acquired entity known or discovered during the allocation period, the period of time required to identify and measure the fair values of the assets and liabilities acquired in the business combination. The allocation period is generally limited to one year following consummation of a business combination. Core deposit intangible represents the intangible value of depositor relationships resulting from deposit liabilities assumed in acquisitions and is amortized using an accelerated method based on an estimated runoff of the related deposits. The core deposit intangible is evaluated for impairment and recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable, with any changes in estimated useful life accounted for prospectively over the revised remaining life. The Company tests goodwill for impairment at the reporting unit level annually during the third quarter. The Company has identified that each of the Bank divisions are reporting units (i.e., components of the Glacier Bank operating segment) given that each division has a separate management team that regularly reviews its respective division financial information; however, the reporting units are aggregated into a single reporting unit due to the reporting units having similar economic characteristics. The goodwill of a reporting unit is tested for impairment between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying amount. Examples of events and circumstances that could trigger the need for interim impairment testing include: • a significant change in legal factors or in the business climate; • an adverse action or assessment by a regulator; • unanticipated competition; • a loss of key personnel; • a more-likely-than-not expectation that a reporting unit or a significant portion of a reporting unit will be sold or otherwise disposed of; and • the testing for recoverability of a significant asset group within a reporting unit.
Equity Securities	Equity Securities Non-marketable equity securities primarily consist of Federal Home Loan Bank (“FHLB”) stock. FHLB stock is restricted because such stock may only be sold to FHLB at its par value. Due to restrictive terms, and the lack of a readily determinable fair value, FHLB stock is carried at cost and evaluated for impairment. The investments in FHLB stock are required investments related to the Company’s borrowings from FHLB. FHLB obtains its funding primarily through issuance of consolidated obligations of the FHLB system. The U.S. government does not guarantee these obligations, and each of the regional FHLBs is jointly and severally liable for repayment of each other’s debt.
Other Borrowings	Other BorrowingsBorrowings of the Company’s consolidated variable interest entities and finance lease arrangements are included in other borrowings.
Bank-Owned Life Insurance	Bank-Owned Life InsuranceThe Company maintains bank-owned life insurance policies on certain current and former employees and directors, which are recorded at their cash surrender values as determined by the insurance carriers. The appreciation in the cash surrender value of the policies is recognized as a component of other non-interest income in the Company’s statements of operations.
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company is exposed to certain risks relating to its ongoing operations. The primary risk managed by using derivative instruments is interest risk. Interest rate caps and interest rate swaps have been entered into to manage interest rate risk associated with variable rate borrowings and were designated as cash flow hedges. The Company does not enter into derivative instruments for trading or speculative purposes.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when services or products are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled. The Company’s principal source of revenue is interest income from debt securities and loans. Revenue from contracts with customers within the scope of Accounting Standards Codification TM (“ASC”) Topic 606 was $39,174,000 and $28,901,000 for the six months ended June 30, 2022 and 2021, respectively, and largely consisted of revenue from service charges and other fees from deposits (e.g., overdraft fees, ATM fees, debit card fees). Due to the short-term nature of the Company’s contracts with customers, an insignificant amount of receivables related to such revenue was recorded at June 30, 2022 and December 31, 2021 and there were no impairment losses recognized. Policies specific to revenue from contracts with customers include the following: Service Charges. Revenue from service charges consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds and, when applicable, pay interest on deposits. Service charges on deposit accounts may be transactional or non-transactional in nature. Transactional service charges occur in the form of a service or penalty and are charged upon the occurrence of an event (e.g., overdraft fees, ATM fees, wire transfer fees). Transactional service charges are recognized as services are delivered to and consumed by the customer, or as penalty fees are charged. Non-transactional service charges are charges that are based on a broader service, such as account maintenance fees and dormancy fees, and are recognized on a monthly basis.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance The ASC is the Financial Accounting Standards Board (“FASB”) officially recognized source of authoritative GAAP applicable to all public and non-public non-governmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under the authority of the federal securities laws are also sources of authoritative GAAP for the Company as an SEC registrant. All other accounting literature is non-authoritative. The Company has not adopted any Accounting Standards Updates (“ASU”) in the current year that may have had a material effect on the Company’s financial position or results of operations. The following provides a description of a newly issued but not yet effective ASU that could have a material effect on the Company’s financial position or results of operations. ASU 2022-02 - Troubled Debt Restructurings and Vintage Disclosures. In March 2022, FASB amended Subtopic ASC 310-40 and Subtopic 326-20 relating to post-current expected credit losses (“CECL”) (ASU 2016-13) implementation areas including TDRs and vintage disclosures. The amendments in this Update eliminate the accounting guidance for TDRs by creditors in Subtopic 326-40, while enhancing disclosure requirements. The amendments to Subtopic 326-20 require an entity to disclose current-period gross write-offs by year of origination for financing receivables within the scope of Subtopic 326-20. For entities that have adopted CECL, the amendments are effective for public business entities the first interim and annual reporting periods beginning after December 15, 2022. Early adoption is permitted if an entity has adopted CECL and the entity may elect to adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company is anticipating certain changes in the processes and procedures related to the amendments and does not anticipate the amendments to have a material impact to the Company’s financial position and result of operations. The Company is currently evaluating whether it will early adopt either or both amendments. ASU 2020-04 - Reference Rate Reform. In March 2020, FASB amended topic 848 related to the facilitation of the effects of reference rate reform on financial reporting. The amendment provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on contracts, hedging relationships and other transactions that reference the London Interbank Offered Rate (“LIBOR.”) These updates are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is currently evaluating its contracts and the optional expedients provided by this update, but does not expect the adoption of this guidance to have a material impact to the financial statements.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Provision for Credit Losses	The following table presents the provision for credit losses on the loan portfolio and off-balance sheet exposures: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Provision for credit loss loans $ (1,353) (5,723) 2,991 (5,234) Provision for credit losses unfunded (180) 70 2,507 (371) Total provision for credit losses $ (1,533) (5,653) 5,498 (5,605) Three Months ended June 30, 2022 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 176,159 16,227 122,172 23,882 9,173 4,705 Provision for credit losses (1,353) 686 (385) (2,545) 41 850 Charge-offs (4,346) — (1,642) (804) (45) (1,855) Recoveries 2,503 46 1,114 546 164 633 Balance at end of period $ 172,963 16,959 121,259 21,079 9,333 4,333 Three Months ended June 30, 2021 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 156,446 9,018 95,251 39,385 8,068 4,724 Provision for credit losses (5,723) 884 1,269 (8,319) (278) 721 Charge-offs (1,700) — (41) (351) — (1,308) Recoveries 2,425 241 118 1,268 47 751 Balance at end of period $ 151,448 10,143 96,597 31,983 7,837 4,888 Six Months ended June 30, 2022 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 172,665 16,458 117,901 24,703 8,566 5,037 Provision for credit losses 2,991 437 3,542 (3,548) 600 1,960 Charge-offs (7,040) — (1,642) (1,603) (45) (3,750) Recoveries 4,347 64 1,458 1,527 212 1,086 Balance at end of period $ 172,963 16,959 121,259 21,079 9,333 4,333 Six Months ended June 30, 2021 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 158,243 9,604 86,999 49,133 8,182 4,325 Provision for credit losses (5,234) 302 8,732 (15,584) (367) 1,683 Charge-offs (5,946) (38) (41) (3,113) (45) (2,709) Recoveries 4,385 275 907 1,547 67 1,589 Balance at end of period $ 151,448 10,143 96,597 31,983 7,837 4,888

Debt Securities (Tables)

Debt Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Amortized cost, gross unrealized gains and losses and fair value of debt securities	The following tables present the amortized cost, the gross unrealized gains and losses and the fair value of the Company’s debt securities: June 30, 2022 (Dollars in thousands) Amortized Gross Gross Fair Available-for-sale U.S. government and federal agency $ 489,798 93 (32,007) 457,884 U.S. government sponsored enterprises 319,509 — (21,695) 297,814 State and local governments 440,473 2,794 (5,650) 437,617 Corporate bonds 101,153 677 (482) 101,348 Residential mortgage-backed securities 4,025,432 187 (310,117) 3,715,502 Commercial mortgage-backed securities 1,260,468 922 (62,356) 1,199,034 Total available-for-sale $ 6,636,833 4,673 (432,307) 6,209,199 Held-to-maturity U.S. government and federal agency 844,175 — (56,566) 787,609 State and local governments 1,653,376 990 (215,836) 1,438,530 Residential mortgage-backed securities 1,290,935 — (57,315) 1,233,620 Total held-to-maturity 3,788,486 990 (329,717) 3,459,759 Total debt securities 10,425,319 5,663 (762,024) 9,668,958 December 31, 2021 (Dollars in thousands) Amortized Gross Gross Fair Available-for-sale U.S. government and federal agency $ 1,356,171 174 (9,596) 1,346,749 U.S. government sponsored enterprises 241,687 2 (996) 240,693 State and local governments 461,414 27,567 (123) 488,858 Corporate bonds 175,697 5,072 (17) 180,752 Residential mortgage-backed securities 5,744,505 9,420 (54,266) 5,699,659 Commercial mortgage-backed securities 1,195,949 25,882 (7,693) 1,214,138 Total available-for-sale $ 9,175,423 68,117 (72,691) 9,170,849 Held-to-maturity State and local governments 1,199,164 22,878 (1,159) 1,220,883 Total held-to-maturity 1,199,164 22,878 (1,159) 1,220,883 Total debt securities $ 10,374,587 90,995 (73,850) 10,391,732
Amortized cost and fair value of securities by contractual maturity	The following table presents the amortized cost and fair value of available-for-sale and held-to-maturity debt securities by contractual maturity at June 30, 2022. Actual maturities may differ from expected or contractual maturities since some issuers have the right to prepay obligations with or without prepayment penalties. June 30, 2022 Available-for-Sale Held-to-Maturity (Dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 51,941 52,177 1,424 1,430 Due after one year through five years 926,147 873,802 521,133 491,108 Due after five years through ten years 165,413 164,726 528,160 496,150 Due after ten years 207,432 203,958 1,446,834 1,237,451 1,350,933 1,294,663 2,497,551 2,226,139 Mortgage-backed securities 1 5,285,900 4,914,536 1,290,935 1,233,620 Total $ 6,636,833 6,209,199 3,788,486 3,459,759 ______________________________ 1 Mortgage-backed securities, which have prepayment provisions, are not assigned to maturity categories due to fluctuations in their prepayment speeds.
Proceeds from sales and calls of debt securities and the associated gains and losses	Proceeds from sales and calls of debt securities and the associated gains and losses that have been included in earnings are listed below: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Available-for-sale Proceeds from sales and calls of debt securities $ 18,146 22,361 71,266 76,697 Gross realized gains 1 87 69 780 438 Gross realized losses 1 — (23) (15) (66) Held-to-maturity Proceeds from calls of debt securities 9,370 2,230 22,345 6,360 Gross realized gains 1 14 — 29 — Gross realized losses 1 (361) (107) (608) (149) ______________________________ 1 The gain or loss on the sale or call of each debt security is determined by the specific identification method.
AFS debt securities in an unrealized loss position with no ACL recorded	The following table summarizes available-for-sale debt securities that were in an unrealized loss position for which an ACL has not been recorded, based on the length of time the individual securities have been in an unrealized loss position. The number of available-for-sale debt securities in an unrealized position is also disclosed. June 30, 2022 Number Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. government and federal agency 46 $ 447,250 (31,667) 4,071 (340) 451,321 (32,007) U.S. government sponsored enterprises 15 297,813 (21,695) — — 297,813 (21,695) State and local governments 193 217,517 (5,437) 1,579 (213) 219,096 (5,650) Corporate bonds 11 35,458 (482) — — 35,458 (482) Residential mortgage-backed securities 417 2,952,869 (245,705) 747,910 (64,412) 3,700,779 (310,117) Commercial mortgage-backed securities 141 982,059 (49,329) 127,213 (13,027) 1,109,272 (62,356) Total available-for-sale 823 $ 4,932,966 (354,315) 880,773 (77,992) 5,813,739 (432,307) December 31, 2021 Number Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale U.S. government and federal agency 50 $ 1,329,399 (9,344) 5,457 (252) 1,334,856 (9,596) U.S. government sponsored enterprises 11 239,928 (996) — — 239,928 (996) State and local governments 10 11,080 (83) 1,760 (40) 12,840 (123) Corporate bonds 3 12,483 (17) — — 12,483 (17) Residential mortgage-backed securities 151 5,335,632 (53,434) 53,045 (832) 5,388,677 (54,266) Commercial mortgage-backed securities 38 302,784 (3,316) 126,798 (4,377) 429,582 (7,693) Total available-for-sale 263 $ 7,231,306 (67,190) 187,060 (5,501) 7,418,366 (72,691)
Credit quality indictors for HTM debt securities	The following table summarizes the amortized cost of held-to-maturity municipal bonds aggregated by NRSRO credit rating: (Dollars in thousands) June 30, December 31, Municipal bonds held-to-maturity S&P: AAA / Moody’s: Aaa $ 396,350 316,899 S&P: AA+, AA, AA- / Moody’s: Aa1, Aa2, Aa3 1,217,650 841,616 S&P: A+, A, A- / Moody’s: A1, A2, A3 36,960 39,078 Not rated by either entity 2,416 1,571 Total municipal bonds held-to-maturity $ 1,653,376 1,199,164

Loans Receivable, Net (Tables)

Loans Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Summary of loans receivable	The following table presents loans receivable for each portfolio segment of loans: . (Dollars in thousands) June 30, December 31, Residential real estate $ 1,261,119 1,051,883 Commercial real estate 9,310,070 8,630,831 Other commercial 2,685,392 2,664,190 Home equity 773,582 736,288 Other consumer 369,592 348,839 Loans receivable 14,399,755 13,432,031 Allowance for credit losses (172,963) (172,665) Loans receivable, net $ 14,226,792 13,259,366 Net deferred origination (fees) costs included in loans receivable $ (23,210) (21,667) Net purchase accounting (discounts) premiums included in loans receivable $ (21,028) (25,166) Accrued interest receivable on loans $ 50,166 49,133
Summary of the activity in the ACL	The following table presents the provision for credit losses on the loan portfolio and off-balance sheet exposures: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Provision for credit loss loans $ (1,353) (5,723) 2,991 (5,234) Provision for credit losses unfunded (180) 70 2,507 (371) Total provision for credit losses $ (1,533) (5,653) 5,498 (5,605) Three Months ended June 30, 2022 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 176,159 16,227 122,172 23,882 9,173 4,705 Provision for credit losses (1,353) 686 (385) (2,545) 41 850 Charge-offs (4,346) — (1,642) (804) (45) (1,855) Recoveries 2,503 46 1,114 546 164 633 Balance at end of period $ 172,963 16,959 121,259 21,079 9,333 4,333 Three Months ended June 30, 2021 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 156,446 9,018 95,251 39,385 8,068 4,724 Provision for credit losses (5,723) 884 1,269 (8,319) (278) 721 Charge-offs (1,700) — (41) (351) — (1,308) Recoveries 2,425 241 118 1,268 47 751 Balance at end of period $ 151,448 10,143 96,597 31,983 7,837 4,888 Six Months ended June 30, 2022 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 172,665 16,458 117,901 24,703 8,566 5,037 Provision for credit losses 2,991 437 3,542 (3,548) 600 1,960 Charge-offs (7,040) — (1,642) (1,603) (45) (3,750) Recoveries 4,347 64 1,458 1,527 212 1,086 Balance at end of period $ 172,963 16,959 121,259 21,079 9,333 4,333 Six Months ended June 30, 2021 (Dollars in thousands) Total Residential Real Estate Commercial Real Estate Other Commercial Home Equity Other Consumer Balance at beginning of period $ 158,243 9,604 86,999 49,133 8,182 4,325 Provision for credit losses (5,234) 302 8,732 (15,584) (367) 1,683 Charge-offs (5,946) (38) (41) (3,113) (45) (2,709) Recoveries 4,385 275 907 1,547 67 1,589 Balance at end of period $ 151,448 10,143 96,597 31,983 7,837 4,888
Loan portfolio aging analysis	The following tables present an aging analysis of the recorded investment in loans: June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other Accruing loans 30-59 days past due $ 13,650 1,580 3,151 6,028 795 2,096 Accruing loans 60-89 days past due 2,938 98 1,258 664 341 577 Accruing loans 90 days or more past due 5,064 60 2,542 2,079 184 199 Non-accrual loans with no ACL 36,136 1,812 27,642 4,737 1,531 414 Non-accrual loans with ACL 2,387 — — 2,381 — 6 Total past due and non-accrual loans 60,175 3,550 34,593 15,889 2,851 3,292 Current loans receivable 14,339,580 1,257,569 9,275,477 2,669,503 770,731 366,300 Total loans receivable $ 14,399,755 1,261,119 9,310,070 2,685,392 773,582 369,592 December 31, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other Accruing loans 30-59 days past due $ 38,081 2,132 26,063 5,464 1,582 2,840 Accruing loans 60-89 days past due 12,485 457 9,537 1,652 512 327 Accruing loans 90 days or more past due 17,141 223 15,345 1,383 57 133 Non-accrual loans with no ACL 28,961 2,162 20,040 4,563 1,712 484 Non-accrual loans with ACL 21,571 255 448 20,765 99 4 Total past due and non-accrual loans 118,239 5,229 71,433 33,827 3,962 3,788 Current loans receivable 13,313,792 1,046,654 8,559,398 2,630,363 732,326 345,051 Total loans receivable $ 13,432,031 1,051,883 8,630,831 2,664,190 736,288 348,839
Collateral dependent loans	The following table presents the amortized cost basis of collateral-dependent loans by collateral type: June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other Business assets $ 6,453 — 45 6,408 — — Residential real estate 4,384 1,774 802 326 1,325 157 Other real estate 38,501 38 37,298 442 390 333 Other 1,147 — — 912 — 235 Total $ 50,485 1,812 38,145 8,088 1,715 725 December 31, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other Business assets $ 25,182 — 57 25,125 — — Residential real estate 4,625 2,369 280 115 1,694 167 Other real estate 32,093 48 30,996 597 116 336 Other 1,525 — — 1,241 — 284 Total $ 63,425 2,417 31,333 27,078 1,810 787
Summary of TDRs	The following tables present TDRs that occurred during the periods presented and the TDRs that occurred within the previous twelve months that subsequently defaulted during the periods presented: Three Months ended June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 2 — 2 — — — Pre-modification recorded balance $ 1,932 — 1,932 — — — Post-modification recorded balance $ 1,932 — 1,932 — — — TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — Three Months ended June 30, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 3 — 1 2 — — Pre-modification recorded balance $ 615 — 99 516 — — Post-modification recorded balance $ 615 — 99 516 — — TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — Six Months ended June 30, 2022 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 5 1 2 2 — — Pre-modification recorded balance $ 2,019 31 1,932 56 — — Post-modification recorded balance $ 2,019 31 1,932 56 — — TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — — Six Months ended June 30, 2021 (Dollars in thousands) Total Residential Commercial Other Home Other TDRs that occurred during the period Number of loans 10 1 5 3 — 1 Pre-modification recorded balance $ 2,368 210 1,473 554 — 131 Post-modification recorded balance $ 2,368 210 1,473 554 — 131 TDRs that subsequently defaulted Number of loans — — — — — — Recorded balance $ — — — — — —
Credit quality indicators for commercial loans	The following tables present the amortized cost in commercial real estate and other commercial loans based on the Company’s internal risk rating. The date of a modification, renewal or extension of a loan is considered for the year of origination if the terms of the loan are as favorable to the Company as the terms are for a comparable loan to other borrowers with similar credit risk. June 30, 2022 (Dollars in thousands) Total Pass Special Mention Substandard Doubtful/ Commercial real estate loans Term loans by origination year 2022 (year-to-date) $ 1,547,488 1,541,324 — 6,164 — 2021 2,583,284 2,582,265 — 1,019 — 2020 1,415,213 1,406,747 — 8,466 — 2019 797,273 760,394 — 36,879 — 2018 724,294 703,525 — 20,769 — Prior 2,033,400 1,948,931 1,485 82,960 24 Revolving loans 209,118 207,167 — 1,950 1 Total $ 9,310,070 9,150,353 1,485 158,207 25 Other commercial loans 1 Term loans by origination year 2022 (year-to-date) $ 293,706 291,605 20 2,081 — 2021 637,517 632,545 — 3,695 1,277 2020 349,601 343,132 — 6,467 2 2019 213,733 204,185 — 9,536 12 2018 162,788 156,633 27 6,126 2 Prior 452,704 443,025 177 9,112 390 Revolving loans 575,343 569,480 350 5,377 136 Total $ 2,685,392 2,640,605 574 42,394 1,819 ___________________________ 1 Includes PPP loans. December 31, 2021 (Dollars in thousands) Total Pass Special Mention Substandard Doubtful/ Commercial real estate loans Term loans by origination year 2021 $ 2,679,564 2,677,540 — 2,024 — 2020 1,512,845 1,499,895 — 12,950 — 2019 952,039 919,091 — 32,948 — 2018 808,275 788,292 — 19,983 — 2017 665,733 624,018 — 41,715 — Prior 1,677,875 1,621,819 — 56,030 26 Revolving loans 334,500 332,696 — 1,803 1 Total $ 8,630,831 8,463,351 — 167,453 27 Other commercial loans 1 Term loans by origination year 2021 $ 751,151 746,709 — 4,442 — 2020 429,500 420,547 — 8,952 1 2019 235,591 226,614 — 8,974 3 2018 188,009 179,679 — 8,329 1 2017 209,287 207,509 — 1,775 3 Prior 312,852 297,926 — 14,275 651 Revolving loans 537,800 507,258 — 30,526 16 Total $ 2,664,190 2,586,242 — 77,273 675 ______________________________ 1 Includes PPP loans.
Credit quality indicators for RRE and consumer loans	The following tables present the amortized cost in residential real estate, home equity and other consumer loans based on payment performance: June 30, 2022 (Dollars in thousands) Total Performing 30-89 Days Past Due Non-Accrual and 90 Days or More Past Due Residential real estate loans Term loans by origination year 2022 (year-to-date) $ 290,234 290,234 — — 2021 584,815 583,300 1,515 — 2020 131,704 131,569 — 135 2019 48,997 48,997 — — 2018 40,466 40,198 — 268 Prior 163,160 161,528 163 1,469 Revolving loans 1,743 1,743 — — Total $ 1,261,119 1,257,569 1,678 1,872 Home equity loans Term loans by origination year 2022 (year-to-date) $ 54 54 — — 2021 38 38 — — 2020 60 60 — — 2019 263 231 — 32 2018 643 643 — — Prior 8,759 8,461 25 273 Revolving loans 763,765 761,244 1,111 1,410 Total $ 773,582 770,731 1,136 1,715 Other consumer loans Term loans by origination year 2022 (year-to-date) $ 89,945 89,777 168 — 2021 119,479 118,899 529 51 2020 62,620 62,420 159 41 2019 27,010 26,635 198 177 2018 13,931 13,675 79 177 Prior 19,656 18,015 1,481 160 Revolving loans 36,951 36,879 59 13 Total $ 369,592 366,300 2,673 619 December 31, 2021 (Dollars in thousands) Total Performing 30-89 Days Past Due Non-Accrual and 90 Days or More Past Due Residential real estate loans Term loans by origination year 2021 $ 427,814 427,318 496 — 2020 179,395 178,016 1,232 147 2019 66,543 66,470 — 73 2018 51,095 50,816 — 279 2017 42,181 42,005 — 176 Prior 146,299 143,473 861 1,965 Revolving loans 138,556 138,556 — — Total $ 1,051,883 1,046,654 2,589 2,640 Home equity loans Term loans by origination year 2021 $ 871 871 — — 2020 303 303 — — 2019 1,293 1,260 — 33 2018 1,329 1,328 — 1 2017 886 886 — — Prior 11,494 10,589 576 329 Revolving loans 720,112 717,089 1,518 1,505 Total $ 736,288 732,326 2,094 1,868 Other consumer loans Term loans by origination year 2021 $ 151,407 150,910 469 28 2020 80,531 80,072 443 16 2019 37,036 36,647 187 202 2018 19,563 19,268 144 151 2017 8,591 8,506 78 7 Prior 17,763 15,968 1,589 206 Revolving loans 33,948 33,680 257 11 Total $ 348,839 345,051 3,167 621

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Assets and liabilities, lessee	The following table summarizes the Company’s leases: June 30, 2022 December 31, 2021 (Dollars in thousands) Finance Operating Finance Operating ROU assets $ 17,041 5,995 Accumulated depreciation (906) (516) Net ROU assets $ 16,135 46,097 5,479 44,699 Lease liabilities $ 16,545 49,163 5,781 47,901 Weighted-average remaining lease term 13 years 18 years 23 years 16 years Weighted-average discount rate 3.0 % 3.5 % 2.6 % 3.4 %
Operating lease liability maturity	Maturities of lease liabilities consist of the following: June 30, 2022 (Dollars in thousands) Finance Operating Maturing within one year $ 2,440 4,875 Maturing one year through two years 2,131 4,475 Maturing two years through three years 2,141 4,217 Maturing three years through four years 2,149 4,128 Maturing four years through five years 2,159 4,014 Thereafter 8,978 47,990 Total lease payments 19,998 69,699 Present value of lease payments Short-term 1,894 1,238 Long-term 14,651 47,925 Total present value of lease payments 16,545 49,163 Difference between lease payments and present value of lease payments $ 3,453 20,536
Finance lease liability maturity	Maturities of lease liabilities consist of the following: June 30, 2022 (Dollars in thousands) Finance Operating Maturing within one year $ 2,440 4,875 Maturing one year through two years 2,131 4,475 Maturing two years through three years 2,141 4,217 Maturing three years through four years 2,149 4,128 Maturing four years through five years 2,159 4,014 Thereafter 8,978 47,990 Total lease payments 19,998 69,699 Present value of lease payments Short-term 1,894 1,238 Long-term 14,651 47,925 Total present value of lease payments 16,545 49,163 Difference between lease payments and present value of lease payments $ 3,453 20,536
Components of lease expense	The components of lease expense consist of the following: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Finance lease cost Amortization of ROU assets $ 312 62 390 123 Interest on lease liabilities 88 38 134 75 Operating lease cost 1,494 1,302 2,990 2,581 Short-term lease cost 108 82 213 168 Variable lease cost 337 234 644 495 Sublease income (12) (10) (24) (21) Total lease expense $ 2,327 1,708 4,347 3,421 Supplemental cash flow information related to leases is as follows: Three Months ended June 30, 2022 June 30, 2021 (Dollars in thousands) Finance Operating Finance Operating Cash paid for amounts included in the measurement of lease liabilities Operating cash flows $ 112 994 38 786 Financing cash flows 243 N/A 27 N/A Six Months ended June 30, 2022 June 30, 2021 (Dollars in thousands) Finance Operating Finance Operating Cash paid for amounts included in the measurement of lease liabilities Operating cash flows $ 158 2,019 75 1,566 Financing cash flows 282 N/A 54 N/A

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following schedule discloses the changes in the carrying value of goodwill: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Net carrying value at beginning of period $ 985,393 514,013 985,393 514,013 Acquisitions and adjustments — — — — Net carrying value at end of period $ 985,393 514,013 985,393 514,013

Loan Servicing (Tables)

Loan Servicing (Tables)	6 Months Ended
	Jun. 30, 2022
Mortgage Banking [Abstract]
Servicing asset at amortized cost	The following schedules disclose the change in the carrying value of mortgage servicing rights that is included in other assets, principal balances of loans serviced and the fair value of mortgage servicing rights: (Dollars in thousands) June 30, December 31, Carrying value at beginning of period $ 12,839 8,976 Acquisitions — 1,354 Additions 1,574 4,435 Amortization (994) (1,926) Carrying value at end of period $ 13,419 12,839 Principal balances of loans serviced for others $ 1,659,342 1,639,058 Fair value of servicing rights $ 19,802 16,938

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Carrying amounts of consolidated VIEs' assets and liabilities	The following table summarizes the carrying amounts of the consolidated VIEs’ assets and liabilities included in the Company’s statements of financial condition and are adjusted for intercompany eliminations. All assets presented can be used only to settle obligations of the consolidated VIEs and all liabilities presented consist of liabilities for which creditors and other beneficial interest holders therein have no recourse to the general credit of the Company. (Dollars in thousands) June 30, December 31, Assets Loans receivable $ 146,763 121,625 Accrued interest receivable 680 519 Other assets 47,129 41,363 Total assets $ 194,572 163,507 Liabilities Other borrowed funds $ 49,655 38,313 Accrued interest payable 266 117 Other liabilities 96 164 Total liabilities $ 50,017 38,594
Future unfunded contingent commitments	Future unfunded contingent equity commitments related to the Company’s LIHTC investments at June 30, 2022 are as follows: (Dollars in thousands) Amount Years ending December 31, 2022 $ 14,911 2023 30,232 2024 17,830 2025 817 2026 569 Thereafter 1,117 Total $ 65,476
Amortization expense and tax credits and other tax benefits recognized for qualified affordable housing project investments	The following table summarizes the amortization expense and the amount of tax credits and other tax benefits recognized for qualified affordable housing project investments during the periods presented. Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Amortization expense $ 2,995 2,400 5,990 4,726 Tax credits and other tax benefits recognized 3,981 3,182 7,977 6,277

Securities Sold Under Agreeme_2

Securities Sold Under Agreements to Repurchase (Tables)	6 Months Ended
	Jun. 30, 2022
Transfers and Servicing [Abstract]
Carrying value of repurchase agreements	The following table summarizes the carrying value of the Company’s securities sold under agreements to repurchase (“repurchase agreements”) by remaining contractual maturity of the agreements and category of collateral: Overnight and Continuous (Dollars in thousands) June 30, December 31, Residential mortgage-backed securities $ 968,197 1,020,794

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of pre-tax gains or losses	The effect of cash flow hedge accounting on OCI for the periods ending June 30, 2022 and 2021 was as follows: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Amount of gain (loss) recognized in OCI $ 903 (144) 3,870 449 Amount of gain reclassified from OCI to net income 2 — 2 —

Other Expenses (Tables)

Other Expenses (Tables)	6 Months Ended
	Jun. 30, 2022
Other Expenses [Abstract]
Schedule of other expenses	Other expenses consists of the following: Three Months ended Six Months ended (Dollars in thousands) June 30, June 30, June 30, June 30, Consulting and outside services $ 5,266 2,744 8,409 4,915 Mergers and acquisition expenses 2,055 1,078 8,262 1,182 Debit card expenses 2,280 970 4,084 2,292 Loan expenses 1,947 1,755 3,770 3,379 VIE amortization and other expenses 1,169 1,143 3,713 2,674 Telephone 1,691 1,339 3,285 2,714 Employee expenses 1,433 753 2,521 1,184 Business development 1,216 1,048 2,297 1,870 Postage 1,106 874 2,101 1,835 Printing and supplies 977 823 2,027 1,613 Legal fees 843 636 1,291 792 Checking and operating expenses 834 598 1,186 754 Accounting and audit fees 227 238 898 693 Gain on dispositions of fixed assets (957) (1,045) (1,267) (1,398) Other 1,790 1,006 3,144 2,107 Total other expenses $ 21,877 13,960 45,721 26,606

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Activity within accumulated other comprehensive income, net of tax	The following table illustrates the activity within accumulated other comprehensive income (loss) by component, net of tax: (Dollars in thousands) Gains (Losses) on Available-For-Sale and Transferred Debt Securities (Losses) Gains on Derivatives Used for Cash Flow Hedges Total Balance at January 1, 2021 $ 143,443 (353) 143,090 Other comprehensive (loss) income before reclassifications (52,064) 336 (51,728) Reclassification adjustments for gains and transfers included in net income (278) — (278) Reclassification adjustments for amortization included in net income for transferred securities (642) — (642) Net current period other comprehensive (loss) income (52,984) 336 (52,648) Balance at June 30, 2021 $ 90,459 (17) 90,442 Balance at January 1, 2022 $ 27,038 321 27,359 Other comprehensive (loss) income before reclassifications (357,192) 2,892 (354,300) Reclassification adjustments for gains and transfers included in net income (572) (1) (573) Reclassification adjustments for amortization included in net income for transferred securities 302 — 302 Net current period other comprehensive (loss) income (357,462) 2,891 (354,571) Balance at June 30, 2022 $ (330,424) 3,212 (327,212)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Basic and diluted earnings per share	Basic and diluted earnings per share has been computed based on the following: Three Months ended Six Months ended (Dollars in thousands, except per share data) June 30, June 30, June 30, June 30, Net income available to common stockholders, basic and diluted $ 76,392 77,627 144,187 158,429 Average outstanding shares - basic 110,765,379 95,505,877 110,745,017 95,485,839 Add: dilutive restricted stock units and stock options 29,603 75,027 54,351 79,752 Average outstanding shares - diluted 110,794,982 95,580,904 110,799,368 95,565,591 Basic earnings per share $ 0.69 0.81 1.30 1.66 Diluted earnings per share $ 0.69 0.81 1.30 1.66 Restricted stock units and stock options excluded from the diluted average outstanding share calculation 1 139,496 — 105,947 — ______________________________ 1 Anti-dilution occurs when the unrecognized compensation cost per share of a restricted stock unit or the exercise price of a stock option exceeds the market price of the Company’s stock.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair value measurement of assets measured at fair value on a recurring basis	The following tables disclose the fair value measurement of assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements (Dollars in thousands) Fair Value June 30, 2022 Quoted Prices Significant Significant Debt securities, available-for-sale U.S. government and federal agency $ 457,884 — 457,884 — U.S. government sponsored enterprises 297,814 — 297,814 — State and local governments 437,617 — 437,617 — Corporate bonds 101,348 — 101,348 — Residential mortgage-backed securities 3,715,502 — 3,715,502 — Commercial mortgage-backed securities 1,199,034 — 1,199,034 — Loans held for sale, at fair value 33,837 — 33,837 — Interest rate caps 4,718 — 4,718 — Interest rate locks 1,166 — 1,166 — TBA hedge 196 — 196 — Total assets measured at fair value on a recurring basis $ 6,249,116 — 6,249,116 — Fair Value Measurements (Dollars in thousands) Fair Value December 31, 2021 Quoted Prices Significant Significant Debt securities, available-for-sale U.S. government and federal agency $ 1,346,749 — 1,346,749 — U.S. government sponsored enterprises 240,693 — 240,693 — State and local governments 488,858 — 488,858 — Corporate bonds 180,752 — 180,752 — Residential mortgage-backed securities 5,699,659 — 5,699,659 — Commercial mortgage-backed securities 1,214,138 — 1,214,138 — Loans held for sale, at fair value 60,797 — 60,797 — Interest rate caps 934 — 934 — Interest rate locks 3,008 — 3,008 — Total assets measured at fair value on a recurring basis $ 9,235,588 — 9,235,588 — TBA hedge $ 80 — 80 — Total liabilities measured at fair value on a recurring basis $ 80 — 80 —
Fair value measurement of assets measured at fair value on a non-recurring basis	The following tables disclose the fair value measurement of assets with a recorded change during the period resulting from re-measuring the assets at fair value on a non-recurring basis: Fair Value Measurements (Dollars in thousands) Fair Value June 30, 2022 Quoted Prices Significant Significant Collateral-dependent impaired loans, net of ACL $ 2,801 — — 2,801 Total assets measured at fair value on a non-recurring basis $ 2,801 — — 2,801 Fair Value Measurements (Dollars in thousands) Fair Value December 31, 2021 Quoted Prices Significant Significant Collateral-dependent impaired loans, net of ACL $ 22,036 — — 22,036 Total assets measured at fair value on a non-recurring basis $ 22,036 — — 22,036
Quantitative information about assets measured at fair value on a non-recurring basis for which Level 3 inputs were used	The following tables present additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Fair Value June 30, 2022 Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Valuation Technique Unobservable Input Range (Weighted-Average) 1 Collateral-dependent impaired loans, net of ACL $ 1,560 Cost approach Selling costs 10.0% - 10.0% (10.0%) 1,241 Sales comparison approach Selling costs 10.0% - 10.0% (10.0%) $ 2,801 Fair Value December 31, 2021 Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Valuation Technique Unobservable Input Range (Weighted-Average) 1 Collateral-dependent loans, net of ACL $ 20,934 Cost approach Selling costs 10.0% - 10.0% (10.0%) 1,102 Sales comparison approach Selling Costs 5.0% - 10.0% (6.7%) Adjustment to comparables 0.0% - 10.0% (6.0%) $ 22,036 ______________________________ 1 The range for selling cost inputs represents reductions to the fair value of the assets.
Carrying amounts and estimated fair values of financial instruments not carried at fair value	Fair Value Measurements (Dollars in thousands) Carrying Amount June 30, 2022 Quoted Prices Significant Significant Financial assets Cash and cash equivalents $ 415,406 415,406 — — Debt securities, held-to-maturity 3,788,486 — 3,459,759 — Loans receivable, net of ACL 14,226,792 — — 14,129,375 Total financial assets $ 18,430,684 415,406 3,459,759 14,129,375 Financial liabilities Term deposits $ 968,382 — 970,941 — FHLB advances 580,000 — 580,000 — Repurchase agreements and other borrowed funds 1,034,397 — 1,034,397 — Subordinated debentures 132,701 — 127,603 — Total financial liabilities $ 2,715,480 — 2,712,941 — Fair Value Measurements (Dollars in thousands) Carrying Amount December 31, 2021 Quoted Prices Significant Significant Financial assets Cash and cash equivalents $ 437,686 437,686 — — Debt securities, held-to-maturity 1,199,164 — 1,220,883 — Loans receivable, net of ACL 13,259,366 — — 13,422,898 Total financial assets $ 14,896,216 437,686 1,220,883 13,422,898 Financial liabilities Term deposits $ 1,036,077 — 1,040,100 — Repurchase agreements and other borrowed funds 1,064,888 — 1,064,888 — Subordinated debentures 132,620 — 131,513 — Total financial liabilities $ 2,233,585 — 2,236,501 —

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) bankDivision	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) quarter component operatingSegment bankDivision	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment
Number of bank divisions | bankDivision	17		17
Number of operating segments | operatingSegment			1
Federal reserve balance or cash on hand required	$ 0		$ 0
Forecasting period used to determine ACL | quarter			4
Number of components used in methodology in determining ACL | component			2
Provision for credit losses	(1,353,000)	$ (5,723,000)	$ 2,991,000	$ (5,234,000)
Provision for credit losses unfunded	(180,000)	70,000	2,507,000	(371,000)
Provision for credit losses	(1,533,000)	(5,653,000)	5,498,000	(5,605,000)
Provision for credit losses on debt securities	0	$ 0	$ 0	0
Maximum term leases will be considered short-term			12 months
Maximum period up to which purchase price of business is allocated to assets acquired and liabilities assumed			1 year
Revenue from contracts with customers			$ 39,174,000	$ 28,901,000
Impairment losses on receivables related to contracts with customers	$ 0		$ 0		$ 0
Minimum
Property, Plant and Equipment
Period past due to consider loan as delinquent			30 days
Period past due to consider loan as non accrual			90 days
Period past due to consider loan as purchased credit-deteriorated loan			90 days
Number of days delinquent to charge off loans			120 days
Number of years for home equity loan origination term			10 years
Minimum | Building
Property, Plant and Equipment
Useful life of premises and equipment			15 years
Minimum | Furniture and Fixtures
Property, Plant and Equipment
Useful life of premises and equipment			3 years
Maximum
Property, Plant and Equipment
Period past due to consider loan as delinquent			89 days
Number of years for home equity loan origination term			15 years
Maximum | Building
Property, Plant and Equipment
Useful life of premises and equipment			40 years
Maximum | Furniture and Fixtures
Property, Plant and Equipment
Useful life of premises and equipment			10 years

Debt Securities - Amortized Cos

Debt Securities - Amortized Cost, Gross Unrealized Gains and Losses and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-sale
Amortized Cost	$ 6,636,833	$ 9,175,423
Gross Unrealized Gains	4,673	68,117
Gross Unrealized Losses	(432,307)	(72,691)
Fair Value	6,209,199	9,170,849
Held-to-maturity
Amortized Cost	3,788,486	1,199,164
Gross Unrealized Gains	990	22,878
Gross Unrealized Losses	(329,717)	(1,159)
Fair Value	3,459,759	1,220,883
Total debt securities
Amortized Cost	10,425,319	10,374,587
Gross Unrealized Gains	5,663	90,995
Gross Unrealized Losses	(762,024)	(73,850)
Fair Value	9,668,958	10,391,732
U.S. government and federal agency
Available-for-sale
Amortized Cost	489,798	1,356,171
Gross Unrealized Gains	93	174
Gross Unrealized Losses	(32,007)	(9,596)
Fair Value	457,884	1,346,749
Held-to-maturity
Amortized Cost	844,175
Gross Unrealized Gains	0
Gross Unrealized Losses	(56,566)
Fair Value	787,609
U.S. government sponsored enterprises
Available-for-sale
Amortized Cost	319,509	241,687
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(21,695)	(996)
Fair Value	297,814	240,693
State and local governments
Available-for-sale
Amortized Cost	440,473	461,414
Gross Unrealized Gains	2,794	27,567
Gross Unrealized Losses	(5,650)	(123)
Fair Value	437,617	488,858
Held-to-maturity
Amortized Cost	1,653,376	1,199,164
Gross Unrealized Gains	990	22,878
Gross Unrealized Losses	(215,836)	(1,159)
Fair Value	1,438,530	1,220,883
Corporate bonds
Available-for-sale
Amortized Cost	101,153	175,697
Gross Unrealized Gains	677	5,072
Gross Unrealized Losses	(482)	(17)
Fair Value	101,348	180,752
Residential mortgage-backed securities
Available-for-sale
Amortized Cost	4,025,432	5,744,505
Gross Unrealized Gains	187	9,420
Gross Unrealized Losses	(310,117)	(54,266)
Fair Value	3,715,502	5,699,659
Held-to-maturity
Amortized Cost	1,290,935
Gross Unrealized Gains	0
Gross Unrealized Losses	(57,315)
Fair Value	1,233,620
Commercial mortgage-backed securities
Available-for-sale
Amortized Cost	1,260,468	1,195,949
Gross Unrealized Gains	922	25,882
Gross Unrealized Losses	(62,356)	(7,693)
Fair Value	$ 1,199,034	$ 1,214,138

Debt Securities - Maturity Sche

Debt Securities - Maturity Schedule (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-Sale, Amortized Cost
Due within one year	$ 51,941
Due after one year through five years	926,147
Due after five years through ten years	165,413
Due after ten years	207,432
Total before mortgage-backed securities	1,350,933
Mortgage-backed securities	5,285,900
Amortized Cost	6,636,833	$ 9,175,423
Available-for-Sale, Fair Value
Due within one year	52,177
Due after one year through five years	873,802
Due after five years through ten years	164,726
Due after ten years	203,958
Total before mortgage-backed securities	1,294,663
Mortgage-backed securities	4,914,536
Debt securities, available-for-sale	6,209,199	9,170,849
Held-to-Maturity, Amortized Cost
Due within one year	1,424
Due after one year through five years	521,133
Due after five years through ten years	528,160
Due after ten years	1,446,834
Total before mortgage-backed securities	2,497,551
Mortgage-backed securities	1,290,935
Amortized Cost	3,788,486	1,199,164
Held-to-Maturity, Fair Value
Due within one year	1,430
Due after one year through five years	491,108
Due after five years through ten years	496,150
Due after ten years	1,237,451
Total before mortgage-backed securities	2,226,139
Mortgage-backed securities	1,233,620
Total	$ 3,459,759	$ 1,220,883

Debt Securities - Proceeds From

Debt Securities - Proceeds From Sales and Calls of Debt Securities and Associates Gains or Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Available-for-sale
Proceeds from sales and calls of debt securities	$ 18,146	$ 22,361	$ 71,266	$ 76,697
Gross realized gains	87	69	780	438
Gross realized losses	0	(23)	(15)	(66)
Held-to-maturity
Proceeds from calls of debt securities	9,370	2,230	22,345	6,360
Gross realized gains	14	0	29	0
Gross realized losses	$ (361)	$ (107)	$ (608)	$ (149)

Debt Securities - Debt Securiti

Debt Securities - Debt Securities in an Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Available-for-sale
Number of available-for-sale securities | security	823	263
Less than 12 months, fair value	$ 4,932,966	$ 7,231,306
Less than 12 months, unrealized loss	(354,315)	(67,190)
12 months or more, fair value	880,773	187,060
12 months or more, unrealized loss	(77,992)	(5,501)
Total, fair value	5,813,739	7,418,366
Total, unrealized loss	$ (432,307)	$ (72,691)
U.S. government and federal agency
Available-for-sale
Number of available-for-sale securities | security	46	50
Less than 12 months, fair value	$ 447,250	$ 1,329,399
Less than 12 months, unrealized loss	(31,667)	(9,344)
12 months or more, fair value	4,071	5,457
12 months or more, unrealized loss	(340)	(252)
Total, fair value	451,321	1,334,856
Total, unrealized loss	$ (32,007)	$ (9,596)
U.S. government sponsored enterprises
Available-for-sale
Number of available-for-sale securities | security	15	11
Less than 12 months, fair value	$ 297,813	$ 239,928
Less than 12 months, unrealized loss	(21,695)	(996)
12 months or more, fair value	0	0
12 months or more, unrealized loss	0	0
Total, fair value	297,813	239,928
Total, unrealized loss	$ (21,695)	$ (996)
State and local governments
Available-for-sale
Number of available-for-sale securities | security	193	10
Less than 12 months, fair value	$ 217,517	$ 11,080
Less than 12 months, unrealized loss	(5,437)	(83)
12 months or more, fair value	1,579	1,760
12 months or more, unrealized loss	(213)	(40)
Total, fair value	219,096	12,840
Total, unrealized loss	$ (5,650)	$ (123)
Corporate bonds
Available-for-sale
Number of available-for-sale securities | security	11	3
Less than 12 months, fair value	$ 35,458	$ 12,483
Less than 12 months, unrealized loss	(482)	(17)
12 months or more, fair value	0	0
12 months or more, unrealized loss	0	0
Total, fair value	35,458	12,483
Total, unrealized loss	$ (482)	$ (17)
Residential mortgage-backed securities
Available-for-sale
Number of available-for-sale securities | security	417	151
Less than 12 months, fair value	$ 2,952,869	$ 5,335,632
Less than 12 months, unrealized loss	(245,705)	(53,434)
12 months or more, fair value	747,910	53,045
12 months or more, unrealized loss	(64,412)	(832)
Total, fair value	3,700,779	5,388,677
Total, unrealized loss	$ (310,117)	$ (54,266)
Commercial mortgage-backed securities
Available-for-sale
Number of available-for-sale securities | security	141	38
Less than 12 months, fair value	$ 982,059	$ 302,784
Less than 12 months, unrealized loss	(49,329)	(3,316)
12 months or more, fair value	127,213	126,798
12 months or more, unrealized loss	(13,027)	(4,377)
Total, fair value	1,109,272	429,582
Total, unrealized loss	$ (62,356)	$ (7,693)

Debt Securities - Narrative (De

Debt Securities - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Schedule of Held-to-maturity Securities [Line Items]
Severity rate on available-for-sale debt securities in an unrealized loss position	5%
Number of credit rating categories, highest | security	4
Debt securities, available-for-sale	$ 6,209,199,000	$ 9,170,849,000
Interest receivable, available-for-sale debt securities	14,453,000	18,788,000
ACL on available-for-sale debt securities	0
Debt securities, held-to-maturity	3,788,486,000	1,199,164,000
Interest receivable, held-to-maturity debt securities	15,697,000	8,737,000
ACL on held-to-maturity debt securities	0	0
Past due
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, available-for-sale	0	0
Debt securities, held-to-maturity	$ 0	$ 0

Debt Securities - Credit Qualit

Debt Securities - Credit Quality Indictors for HTM Debt Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 3,788,486	$ 1,199,164
State and local governments
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	1,653,376	1,199,164
Investment Grade | Moody's: Aaa | S&P: AAA | State and local governments
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	396,350	316,899
Investment Grade | Moody's: Aa1, Aa2, Aa3 | S&P: AA+, AA, AA- | State and local governments
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	1,217,650	841,616
Investment Grade | Moody's: A1, A2, A3 | S&P: A+, A, A- | State and local governments
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	36,960	39,078
Investment Grade | Moody's: Not Rated | S&P: Not Rated | State and local governments
Debt Securities, Held-to-maturity, Credit Quality Indicator [Line Items]
Debt securities, held-to-maturity	$ 2,416	$ 1,571

Loans Receivable, Net - Summary

Loans Receivable, Net - Summary of Loans Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Summary of Loans Receivable
Loans receivable	$ 14,399,755		$ 13,432,031
Allowance for credit losses	(172,963)	$ (176,159)	(172,665)	$ (151,448)	$ (156,446)	$ (158,243)
Loans receivable, net	14,226,792		13,259,366
Net deferred origination (fees) costs included in loans receivable	(23,210)		(21,667)
Net purchase accounting (discounts) premiums included in loans receivable	(21,028)		(25,166)
Accrued interest receivable on loans	50,166		49,133
Residential real estate
Summary of Loans Receivable
Loans receivable	1,261,119		1,051,883
Allowance for credit losses	(16,959)	(16,227)	(16,458)	(10,143)	(9,018)	(9,604)
Commercial real estate
Summary of Loans Receivable
Loans receivable	9,310,070		8,630,831
Allowance for credit losses	(121,259)	(122,172)	(117,901)	(96,597)	(95,251)	(86,999)
Other commercial
Summary of Loans Receivable
Loans receivable	2,685,392		2,664,190
Allowance for credit losses	(21,079)	(23,882)	(24,703)	(31,983)	(39,385)	(49,133)
Home equity
Summary of Loans Receivable
Loans receivable	773,582		736,288
Allowance for credit losses	(9,333)	(9,173)	(8,566)	(7,837)	(8,068)	(8,182)
Other consumer
Summary of Loans Receivable
Loans receivable	369,592		348,839
Allowance for credit losses	$ (4,333)	$ (4,705)	$ (5,037)	$ (4,888)	$ (4,724)	$ (4,325)

Loans Receivable, Net - ACL Act

Loans Receivable, Net - ACL Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for credit losses
Balance at beginning of period	$ 176,159	$ 156,446	$ 172,665	$ 158,243
Provision for credit losses	(1,353)	(5,723)	2,991	(5,234)
Charge-offs	(4,346)	(1,700)	(7,040)	(5,946)
Recoveries	2,503	2,425	4,347	4,385
Balance at end of period	172,963	151,448	172,963	151,448
Residential real estate
Allowance for credit losses
Balance at beginning of period	16,227	9,018	16,458	9,604
Provision for credit losses	686	884	437	302
Charge-offs	0	0	0	(38)
Recoveries	46	241	64	275
Balance at end of period	16,959	10,143	16,959	10,143
Commercial real estate
Allowance for credit losses
Balance at beginning of period	122,172	95,251	117,901	86,999
Provision for credit losses	(385)	1,269	3,542	8,732
Charge-offs	(1,642)	(41)	(1,642)	(41)
Recoveries	1,114	118	1,458	907
Balance at end of period	121,259	96,597	121,259	96,597
Other commercial
Allowance for credit losses
Balance at beginning of period	23,882	39,385	24,703	49,133
Provision for credit losses	(2,545)	(8,319)	(3,548)	(15,584)
Charge-offs	(804)	(351)	(1,603)	(3,113)
Recoveries	546	1,268	1,527	1,547
Balance at end of period	21,079	31,983	21,079	31,983
Home equity
Allowance for credit losses
Balance at beginning of period	9,173	8,068	8,566	8,182
Provision for credit losses	41	(278)	600	(367)
Charge-offs	(45)	0	(45)	(45)
Recoveries	164	47	212	67
Balance at end of period	9,333	7,837	9,333	7,837
Other consumer
Allowance for credit losses
Balance at beginning of period	4,705	4,724	5,037	4,325
Provision for credit losses	850	721	1,960	1,683
Charge-offs	(1,855)	(1,308)	(3,750)	(2,709)
Recoveries	633	751	1,086	1,589
Balance at end of period	$ 4,333	$ 4,888	$ 4,333	$ 4,888

Loans Receivable, Net - Aging A

Loans Receivable, Net - Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	$ 14,399,755	$ 13,432,031
Accruing loans 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	13,650	38,081
Accruing loans 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,938	12,485
Accruing loans 90 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	5,064	17,141
Past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	60,175	118,239
Non-accrual loans with no ACL	36,136	28,961
Non-accrual loans with ACL	2,387	21,571
Current loans receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	14,339,580	13,313,792
Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	1,261,119	1,051,883
Residential real estate | Accruing loans 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	1,580	2,132
Residential real estate | Accruing loans 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	98	457
Residential real estate | Accruing loans 90 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	60	223
Residential real estate | Past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	3,550	5,229
Non-accrual loans with no ACL	1,812	2,162
Non-accrual loans with ACL	0	255
Residential real estate | Current loans receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	1,257,569	1,046,654
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	9,310,070	8,630,831
Commercial real estate | Accruing loans 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	3,151	26,063
Commercial real estate | Accruing loans 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	1,258	9,537
Commercial real estate | Accruing loans 90 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,542	15,345
Commercial real estate | Past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	34,593	71,433
Non-accrual loans with no ACL	27,642	20,040
Non-accrual loans with ACL	0	448
Commercial real estate | Current loans receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	9,275,477	8,559,398
Other commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,685,392	2,664,190
Other commercial | Accruing loans 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	6,028	5,464
Other commercial | Accruing loans 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	664	1,652
Other commercial | Accruing loans 90 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,079	1,383
Other commercial | Past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	15,889	33,827
Non-accrual loans with no ACL	4,737	4,563
Non-accrual loans with ACL	2,381	20,765
Other commercial | Current loans receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,669,503	2,630,363
Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	773,582	736,288
Home equity | Accruing loans 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	795	1,582
Home equity | Accruing loans 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	341	512
Home equity | Accruing loans 90 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	184	57
Home equity | Past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,851	3,962
Non-accrual loans with no ACL	1,531	1,712
Non-accrual loans with ACL	0	99
Home equity | Current loans receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	770,731	732,326
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	369,592	348,839
Other consumer | Accruing loans 30-59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	2,096	2,840
Other consumer | Accruing loans 60-89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	577	327
Other consumer | Accruing loans 90 days or more past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	199	133
Other consumer | Past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	3,292	3,788
Non-accrual loans with no ACL	414	484
Non-accrual loans with ACL	6	4
Other consumer | Current loans receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable	$ 366,300	$ 345,051

Loans Receivable, Net - Narrati

Loans Receivable, Net - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($) Loan	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($) Loan	Dec. 31, 2021 USD ($)
Loans and Leases Receivable Disclosure
Interest reversed on non-accrual loans			$ 801	$ 447
Number of loans | Loan	2	3	5	10
TDR with pre modification loan balance for which OREO was received	$ 489	$ 1,600	$ 489	$ 1,600
Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process	545		545		$ 102
OREO secured by residential real estate	$ 0		$ 0		$ 0

Loans Receivable, Net - Collate

Loans Receivable, Net - Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Collateral Dependent Loans
Collateral dependent loans	$ 50,485	$ 63,425
Business assets
Collateral Dependent Loans
Collateral dependent loans	6,453	25,182
Residential real estate
Collateral Dependent Loans
Collateral dependent loans	4,384	4,625
Other real estate
Collateral Dependent Loans
Collateral dependent loans	38,501	32,093
Other
Collateral Dependent Loans
Collateral dependent loans	1,147	1,525
Residential real estate
Collateral Dependent Loans
Collateral dependent loans	1,812	2,417
Residential real estate | Business assets
Collateral Dependent Loans
Collateral dependent loans	0	0
Residential real estate | Residential real estate
Collateral Dependent Loans
Collateral dependent loans	1,774	2,369
Residential real estate | Other real estate
Collateral Dependent Loans
Collateral dependent loans	38	48
Residential real estate | Other
Collateral Dependent Loans
Collateral dependent loans	0	0
Commercial real estate
Collateral Dependent Loans
Collateral dependent loans	38,145	31,333
Commercial real estate | Business assets
Collateral Dependent Loans
Collateral dependent loans	45	57
Commercial real estate | Residential real estate
Collateral Dependent Loans
Collateral dependent loans	802	280
Commercial real estate | Other real estate
Collateral Dependent Loans
Collateral dependent loans	37,298	30,996
Commercial real estate | Other
Collateral Dependent Loans
Collateral dependent loans	0	0
Other commercial
Collateral Dependent Loans
Collateral dependent loans	8,088	27,078
Other commercial | Business assets
Collateral Dependent Loans
Collateral dependent loans	6,408	25,125
Other commercial | Residential real estate
Collateral Dependent Loans
Collateral dependent loans	326	115
Other commercial | Other real estate
Collateral Dependent Loans
Collateral dependent loans	442	597
Other commercial | Other
Collateral Dependent Loans
Collateral dependent loans	912	1,241
Home equity
Collateral Dependent Loans
Collateral dependent loans	1,715	1,810
Home equity | Business assets
Collateral Dependent Loans
Collateral dependent loans	0	0
Home equity | Residential real estate
Collateral Dependent Loans
Collateral dependent loans	1,325	1,694
Home equity | Other real estate
Collateral Dependent Loans
Collateral dependent loans	390	116
Home equity | Other
Collateral Dependent Loans
Collateral dependent loans	0	0
Other consumer
Collateral Dependent Loans
Collateral dependent loans	725	787
Other consumer | Business assets
Collateral Dependent Loans
Collateral dependent loans	0	0
Other consumer | Residential real estate
Collateral Dependent Loans
Collateral dependent loans	157	167
Other consumer | Other real estate
Collateral Dependent Loans
Collateral dependent loans	333	336
Other consumer | Other
Collateral Dependent Loans
Collateral dependent loans	$ 235	$ 284

Loans Receivable, Net - Trouble

Loans Receivable, Net - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($) Loan	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($) Loan
TDRs that occurred during the period
Number of loans | Loan	2	3	5	10
Pre-modification recorded balance	$ 1,932	$ 615	$ 2,019	$ 2,368
Post-modification recorded balance	$ 1,932	$ 615	$ 2,019	$ 2,368
TDRs that subsequently defaulted
Number of loans | Loan	0	0	0	0
Recorded balance	$ 0	$ 0	$ 0	$ 0
Residential real estate
TDRs that occurred during the period
Number of loans | Loan	0	0	1	1
Pre-modification recorded balance	$ 0	$ 0	$ 31	$ 210
Post-modification recorded balance	$ 0	$ 0	$ 31	$ 210
TDRs that subsequently defaulted
Number of loans | Loan	0	0	0	0
Recorded balance	$ 0	$ 0	$ 0	$ 0
Commercial real estate
TDRs that occurred during the period
Number of loans | Loan	2	1	2	5
Pre-modification recorded balance	$ 1,932	$ 99	$ 1,932	$ 1,473
Post-modification recorded balance	$ 1,932	$ 99	$ 1,932	$ 1,473
TDRs that subsequently defaulted
Number of loans | Loan	0	0	0	0
Recorded balance	$ 0	$ 0	$ 0	$ 0
Other commercial
TDRs that occurred during the period
Number of loans | Loan	0	2	2	3
Pre-modification recorded balance	$ 0	$ 516	$ 56	$ 554
Post-modification recorded balance	$ 0	$ 516	$ 56	$ 554
TDRs that subsequently defaulted
Number of loans | Loan	0	0	0	0
Recorded balance	$ 0	$ 0	$ 0	$ 0
Home equity
TDRs that occurred during the period
Number of loans | Loan	0	0	0	0
Pre-modification recorded balance	$ 0	$ 0	$ 0	$ 0
Post-modification recorded balance	$ 0	$ 0	$ 0	$ 0
TDRs that subsequently defaulted
Number of loans | Loan	0	0	0	0
Recorded balance	$ 0	$ 0	$ 0	$ 0
Other consumer
TDRs that occurred during the period
Number of loans | Loan	0	0	0	1
Pre-modification recorded balance	$ 0	$ 0	$ 0	$ 131
Post-modification recorded balance	$ 0	$ 0	$ 0	$ 131
TDRs that subsequently defaulted
Number of loans | Loan	0	0	0	0
Recorded balance	$ 0	$ 0	$ 0	$ 0

Loans Receivable, Net - Credit

Loans Receivable, Net - Credit Quality Indicators for Commercial Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Credit Quality Indicators By Origination
Total	$ 14,399,755	$ 13,432,031
Commercial real estate
Credit Quality Indicators By Origination
Term loans originated current fiscal year	1,547,488	2,679,564
Term loans originated fiscal year before current fiscal year	2,583,284	1,512,845
Term loans originated two years before current fiscal year	1,415,213	952,039
Term loans originated three years before current fiscal year	797,273	808,275
Term loans originated four years before current fiscal year	724,294	665,733
Term loans originated five years before current fiscal year	2,033,400	1,677,875
Revolving loans	209,118	334,500
Total	9,310,070	8,630,831
Commercial real estate | Pass
Credit Quality Indicators By Origination
Term loans originated current fiscal year	1,541,324	2,677,540
Term loans originated fiscal year before current fiscal year	2,582,265	1,499,895
Term loans originated two years before current fiscal year	1,406,747	919,091
Term loans originated three years before current fiscal year	760,394	788,292
Term loans originated four years before current fiscal year	703,525	624,018
Term loans originated five years before current fiscal year	1,948,931	1,621,819
Revolving loans	207,167	332,696
Total	9,150,353	8,463,351
Commercial real estate | Special Mention
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	0
Term loans originated fiscal year before current fiscal year	0	0
Term loans originated two years before current fiscal year	0	0
Term loans originated three years before current fiscal year	0	0
Term loans originated four years before current fiscal year	0	0
Term loans originated five years before current fiscal year	1,485	0
Revolving loans	0	0
Total	1,485	0
Commercial real estate | Substandard
Credit Quality Indicators By Origination
Term loans originated current fiscal year	6,164	2,024
Term loans originated fiscal year before current fiscal year	1,019	12,950
Term loans originated two years before current fiscal year	8,466	32,948
Term loans originated three years before current fiscal year	36,879	19,983
Term loans originated four years before current fiscal year	20,769	41,715
Term loans originated five years before current fiscal year	82,960	56,030
Revolving loans	1,950	1,803
Total	158,207	167,453
Commercial real estate | Doubtful/ Loss
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	0
Term loans originated fiscal year before current fiscal year	0	0
Term loans originated two years before current fiscal year	0	0
Term loans originated three years before current fiscal year	0	0
Term loans originated four years before current fiscal year	0	0
Term loans originated five years before current fiscal year	24	26
Revolving loans	1	1
Total	25	27
Other commercial
Credit Quality Indicators By Origination
Term loans originated current fiscal year	293,706	751,151
Term loans originated fiscal year before current fiscal year	637,517	429,500
Term loans originated two years before current fiscal year	349,601	235,591
Term loans originated three years before current fiscal year	213,733	188,009
Term loans originated four years before current fiscal year	162,788	209,287
Term loans originated five years before current fiscal year	452,704	312,852
Revolving loans	575,343	537,800
Total	2,685,392	2,664,190
Other commercial | Pass
Credit Quality Indicators By Origination
Term loans originated current fiscal year	291,605	746,709
Term loans originated fiscal year before current fiscal year	632,545	420,547
Term loans originated two years before current fiscal year	343,132	226,614
Term loans originated three years before current fiscal year	204,185	179,679
Term loans originated four years before current fiscal year	156,633	207,509
Term loans originated five years before current fiscal year	443,025	297,926
Revolving loans	569,480	507,258
Total	2,640,605	2,586,242
Other commercial | Special Mention
Credit Quality Indicators By Origination
Term loans originated current fiscal year	20	0
Term loans originated fiscal year before current fiscal year	0	0
Term loans originated two years before current fiscal year	0	0
Term loans originated three years before current fiscal year	0	0
Term loans originated four years before current fiscal year	27	0
Term loans originated five years before current fiscal year	177	0
Revolving loans	350	0
Total	574	0
Other commercial | Substandard
Credit Quality Indicators By Origination
Term loans originated current fiscal year	2,081	4,442
Term loans originated fiscal year before current fiscal year	3,695	8,952
Term loans originated two years before current fiscal year	6,467	8,974
Term loans originated three years before current fiscal year	9,536	8,329
Term loans originated four years before current fiscal year	6,126	1,775
Term loans originated five years before current fiscal year	9,112	14,275
Revolving loans	5,377	30,526
Total	42,394	77,273
Other commercial | Doubtful/ Loss
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	0
Term loans originated fiscal year before current fiscal year	1,277	1
Term loans originated two years before current fiscal year	2	3
Term loans originated three years before current fiscal year	12	1
Term loans originated four years before current fiscal year	2	3
Term loans originated five years before current fiscal year	390	651
Revolving loans	136	16
Total	$ 1,819	$ 675

Loans Receivable, Net - Credi_2

Loans Receivable, Net - Credit Quality Indicators for RRE and Consumer Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Credit Quality Indicators By Origination
Total	$ 14,399,755	$ 13,432,031
Residential real estate
Credit Quality Indicators By Origination
Term loans originated current fiscal year	290,234	427,814
Term loans originated fiscal year before current fiscal year	584,815	179,395
Term loans originated two years before current fiscal year	131,704	66,543
Term loans originated three years before current fiscal year	48,997	51,095
Term loans originated four years before current fiscal year	40,466	42,181
Term loans originated five years before current fiscal year	163,160	146,299
Revolving loans	1,743	138,556
Total	1,261,119	1,051,883
Residential real estate | Performing
Credit Quality Indicators By Origination
Term loans originated current fiscal year	290,234	427,318
Term loans originated fiscal year before current fiscal year	583,300	178,016
Term loans originated two years before current fiscal year	131,569	66,470
Term loans originated three years before current fiscal year	48,997	50,816
Term loans originated four years before current fiscal year	40,198	42,005
Term loans originated five years before current fiscal year	161,528	143,473
Revolving loans	1,743	138,556
Total	1,257,569	1,046,654
Residential real estate | 30-89 Days Past Due
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	496
Term loans originated fiscal year before current fiscal year	1,515	1,232
Term loans originated two years before current fiscal year	0	0
Term loans originated three years before current fiscal year	0	0
Term loans originated four years before current fiscal year	0	0
Term loans originated five years before current fiscal year	163	861
Revolving loans	0	0
Total	1,678	2,589
Residential real estate | Non-Accrual and 90 Days or More Past Due
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	0
Term loans originated fiscal year before current fiscal year	0	147
Term loans originated two years before current fiscal year	135	73
Term loans originated three years before current fiscal year	0	279
Term loans originated four years before current fiscal year	268	176
Term loans originated five years before current fiscal year	1,469	1,965
Revolving loans	0	0
Total	1,872	2,640
Home equity
Credit Quality Indicators By Origination
Term loans originated current fiscal year	54	871
Term loans originated fiscal year before current fiscal year	38	303
Term loans originated two years before current fiscal year	60	1,293
Term loans originated three years before current fiscal year	263	1,329
Term loans originated four years before current fiscal year	643	886
Term loans originated five years before current fiscal year	8,759	11,494
Revolving loans	763,765	720,112
Total	773,582	736,288
Home equity | Performing
Credit Quality Indicators By Origination
Term loans originated current fiscal year	54	871
Term loans originated fiscal year before current fiscal year	38	303
Term loans originated two years before current fiscal year	60	1,260
Term loans originated three years before current fiscal year	231	1,328
Term loans originated four years before current fiscal year	643	886
Term loans originated five years before current fiscal year	8,461	10,589
Revolving loans	761,244	717,089
Total	770,731	732,326
Home equity | 30-89 Days Past Due
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	0
Term loans originated fiscal year before current fiscal year	0	0
Term loans originated two years before current fiscal year	0	0
Term loans originated three years before current fiscal year	0	0
Term loans originated four years before current fiscal year	0	0
Term loans originated five years before current fiscal year	25	576
Revolving loans	1,111	1,518
Total	1,136	2,094
Home equity | Non-Accrual and 90 Days or More Past Due
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	0
Term loans originated fiscal year before current fiscal year	0	0
Term loans originated two years before current fiscal year	0	33
Term loans originated three years before current fiscal year	32	1
Term loans originated four years before current fiscal year	0	0
Term loans originated five years before current fiscal year	273	329
Revolving loans	1,410	1,505
Total	1,715	1,868
Other consumer
Credit Quality Indicators By Origination
Term loans originated current fiscal year	89,945	151,407
Term loans originated fiscal year before current fiscal year	119,479	80,531
Term loans originated two years before current fiscal year	62,620	37,036
Term loans originated three years before current fiscal year	27,010	19,563
Term loans originated four years before current fiscal year	13,931	8,591
Term loans originated five years before current fiscal year	19,656	17,763
Revolving loans	36,951	33,948
Total	369,592	348,839
Other consumer | Performing
Credit Quality Indicators By Origination
Term loans originated current fiscal year	89,777	150,910
Term loans originated fiscal year before current fiscal year	118,899	80,072
Term loans originated two years before current fiscal year	62,420	36,647
Term loans originated three years before current fiscal year	26,635	19,268
Term loans originated four years before current fiscal year	13,675	8,506
Term loans originated five years before current fiscal year	18,015	15,968
Revolving loans	36,879	33,680
Total	366,300	345,051
Other consumer | 30-89 Days Past Due
Credit Quality Indicators By Origination
Term loans originated current fiscal year	168	469
Term loans originated fiscal year before current fiscal year	529	443
Term loans originated two years before current fiscal year	159	187
Term loans originated three years before current fiscal year	198	144
Term loans originated four years before current fiscal year	79	78
Term loans originated five years before current fiscal year	1,481	1,589
Revolving loans	59	257
Total	2,673	3,167
Other consumer | Non-Accrual and 90 Days or More Past Due
Credit Quality Indicators By Origination
Term loans originated current fiscal year	0	28
Term loans originated fiscal year before current fiscal year	51	16
Term loans originated two years before current fiscal year	41	202
Term loans originated three years before current fiscal year	177	151
Term loans originated four years before current fiscal year	177	7
Term loans originated five years before current fiscal year	160	206
Revolving loans	13	11
Total	$ 619	$ 621

Leases - Summary (Details)

Leases - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finance Leases
ROU assets	$ 17,041	$ 5,995
Accumulated depreciation	$ (906)	$ (516)
Net ROU assets location	Property, Plant, And Equipment And Lease Right Of Use Asset, After Accumulated Depreciation And Amortization	Property, Plant, And Equipment And Lease Right Of Use Asset, After Accumulated Depreciation And Amortization
Net ROU assets	$ 16,135	$ 5,479
Lease liabilities location	Other Borrowings	Other Borrowings
Lease liabilities	$ 16,545	$ 5,781
Operating Leases
Net ROU assets location	Property, Plant, And Equipment And Lease Right Of Use Asset, After Accumulated Depreciation And Amortization	Property, Plant, And Equipment And Lease Right Of Use Asset, After Accumulated Depreciation And Amortization
Net ROU assets	$ 46,097	$ 44,699
Lease liabilities location	Other Liabilities	Other Liabilities
Lease liabilities	$ 49,163	$ 47,901
Finance lease, weighted average remaining lease term	13 years	23 years
Finance lease, weighted average discount rate	3%	2.60%
Operating lease, weighted average remaining lease term	18 years	16 years
Operating lease, weighted average discount rate	3.50%	3.40%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finance Leases
Maturing within one year	$ 2,440
Maturing one year through two years	2,131
Maturing two years through three years	2,141
Maturing three years through four years	2,149
Maturing four years through five years	2,159
Thereafter	8,978
Total lease payments	19,998
Present value of lease payments
Short-term	1,894
Long-term	14,651
Total present value of lease payments	16,545	$ 5,781
Finance lease, difference between lease payments and present value of lease payments	3,453
Operating Leases
Maturing within one year	4,875
Maturing one year through two years	4,475
Maturing two years through three years	4,217
Maturing three years through four years	4,128
Maturing four years through five years	4,014
Thereafter	47,990
Total lease payments	69,699
Present value of lease payments
Short-term	1,238
Long-term	47,925
Total present value of lease payments	49,163	$ 47,901
Operating lease, difference between lease payments and present value of lease payments	$ 20,536

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance lease cost
Amortization of ROU assets	$ 312	$ 62	$ 390	$ 123
Interest on lease liabilities	88	38	134	75
Operating lease cost	1,494	1,302	2,990	2,581
Short-term lease cost	108	82	213	168
Variable lease cost	337	234	644	495
Sublease income	(12)	(10)	(24)	(21)
Total lease expense	$ 2,327	$ 1,708	$ 4,347	$ 3,421

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Finance lease, operating cash flows	$ 112	$ 38	$ 158	$ 75
Finance lease, financing cash flows	243	27	282	54
Operating lease, operating cash flows	$ 994	$ 786	$ 2,019	$ 1,566

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Goodwill Roll Forward
Net carrying value at beginning of period	$ 985,393	$ 514,013	$ 985,393	$ 514,013
Acquisitions and adjustments	0	0	0	0
Net carrying value at end of period	985,393	$ 514,013	985,393	$ 514,013
Accumulated impairment charge	$ 40,159		$ 40,159		$ 40,159

Loan Servicing (Details)

Loan Servicing (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Carrying value at beginning of period	$ 12,839	$ 8,976
Acquisitions	0	1,354
Additions	1,574	4,435
Amortization	(994)	$ (1,926)
Carrying value at end of period	13,419
Principal balances of loans serviced for others	1,659,342		$ 1,639,058
Fair value of servicing rights	$ 19,802		$ 16,938

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Variable Interest Entities
Impairment losses	$ 0	$ 0
Other assets
Variable Interest Entities
Carrying value of equity investments in LIHTCs	$ 63,357,000		$ 50,725,000
CDE
Variable Interest Entities
Tax credit period	7 years
LIHTC
Variable Interest Entities
Tax credit period	10 years
Tax credit compliance period	15 years

Variable Interest Entities - VI

Variable Interest Entities - VIE Carrying Amounts Included in Financial Statements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Loans receivable, net	$ 14,226,792	$ 13,259,366
Accrued interest receivable	80,339	76,673
Other assets	168,337	120,459
Total assets	26,690,005	25,940,645
Liabilities
Other borrowed funds	66,200	44,094
Accrued interest payable	2,334	2,409
Other liabilities	260,651	225,857
Total liabilities	23,793,766	22,763,023
Consolidated VIEs
Assets
Loans receivable, net	146,763	121,625
Accrued interest receivable	680	519
Other assets	47,129	41,363
Total assets	194,572	163,507
Liabilities
Other borrowed funds	49,655	38,313
Accrued interest payable	266	117
Other liabilities	96	164
Total liabilities	$ 50,017	$ 38,594

Variable Interest Entities - Fu

Variable Interest Entities - Future Unfunded Contingent Commitments (Details) - Qualified Affordable Housing Project Investments $ in Thousands	Jun. 30, 2022 USD ($)
Other Commitments
2022	$ 14,911
2023	30,232
2024	17,830
2025	817
2026	569
Thereafter	1,117
Unfunded contingent commitments	$ 65,476

Variable Interest Entities - Am

Variable Interest Entities - Amortization Expense and Tax Credits and Other Tax Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investments in Qualified Affordable Housing Projects
Amortization expense	$ 2,995	$ 2,400	$ 5,990	$ 4,726
Tax credits and other tax benefits recognized	$ 3,981	$ 3,182	$ 7,977	$ 6,277

Securities Sold Under Agreeme_3

Securities Sold Under Agreements to Repurchase - Carrying Value of Repurchase Agreements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Residential mortgage-backed securities | Overnight and Continuous
Securities Sold Under Agreements to Repurchase
Repurchase agreements	$ 968,197	$ 1,020,794

Securities Sold Under Agreeme_4

Securities Sold Under Agreements to Repurchase - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial Instruments Owned and Pledged as Collateral [Line Items]
Debt securities, available-for-sale	$ 6,209,199	$ 9,170,849
Assets pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Debt securities, available-for-sale	$ 1,194,748	$ 1,233,885

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative financial instruments
Amount of gain (loss) recognized in OCI		$ 903	$ (144)	$ 3,870	$ 449
Interest rate locks
Derivative financial instruments
Off-balance sheet commitments		70,707		70,707		$ 151,038
Interest rate locks | Other Assets
Derivative financial instruments
Fair value of derivative		1,166		1,166		3,008
Interest rate caps
Derivative financial instruments
Forecasted notional amount	$ 130,500
Derivative, term of contracts	5 years
Interest expense recorded				84	84
Amount of gain (loss) recognized in OCI		903	(144)	3,870	449
Amount of gain reclassified from OCI to net income		2	$ 0	2	$ 0
Interest rate caps | Other Assets
Derivative financial instruments
Fair value of derivative		4,718		4,718		934
Interest rate caps | Minimum
Derivative financial instruments
Derivative, cap interest rate	1.50%
Interest rate caps | Maximum
Derivative financial instruments
Derivative, cap interest rate	2%
Forward commitments to sell TBA securities
Derivative financial instruments
Forecasted notional amount		53,750		53,750		116,500
Forward commitments to sell TBA securities | Other Liabilities
Derivative financial instruments
Fair value of derivative asset, gross liability		$ 196		$ 196		$ 80

Other Expenses (Details)

Other Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Expenses
Consulting and outside services	$ 5,266	$ 2,744	$ 8,409	$ 4,915
Mergers and acquisition expenses	2,055	1,078	8,262	1,182
Debit card expenses	2,280	970	4,084	2,292
Loan expenses	1,947	1,755	3,770	3,379
VIE amortization and other expenses	1,169	1,143	3,713	2,674
Telephone	1,691	1,339	3,285	2,714
Employee expenses	1,433	753	2,521	1,184
Business development	1,216	1,048	2,297	1,870
Postage	1,106	874	2,101	1,835
Printing and supplies	977	823	2,027	1,613
Legal fees	843	636	1,291	792
Checking and operating expenses	834	598	1,186	754
Accounting and audit fees	227	238	898	693
Gain on dispositions of fixed assets	(957)	(1,045)	(1,267)	(1,398)
Other	1,790	1,006	3,144	2,107
Total other expenses	$ 21,877	$ 13,960	$ 45,721	$ 26,606

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Attributable to Parent, Net of Tax
Balance, beginning	$ 2,934,193	$ 2,295,385	$ 3,177,622	$ 2,307,041
Other comprehensive (loss) income before reclassifications			(354,300)	(51,728)
Total other comprehensive (loss) income, net of tax	(79,403)	10,522	(354,571)	(52,648)
Balance, ending	2,896,239	2,353,955	2,896,239	2,353,955
Gains (Losses) on Available-For-Sale and Transferred Debt Securities
AOCI Attributable to Parent, Net of Tax
Balance, beginning			27,038	143,443
Other comprehensive (loss) income before reclassifications			(357,192)	(52,064)
Total other comprehensive (loss) income, net of tax			(357,462)	(52,984)
Balance, ending	(330,424)	90,459	(330,424)	90,459
(Losses) Gains on Derivatives Used for Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax
Balance, beginning			321	(353)
Other comprehensive (loss) income before reclassifications			2,892	336
Total other comprehensive (loss) income, net of tax			2,891	336
Balance, ending	3,212	(17)	3,212	(17)
Reclassification adjustments for gains and transfers included in net income
AOCI Attributable to Parent, Net of Tax
Reclassification adjustments for gains and transfers included in net income			(573)	(278)
Reclassification adjustments for gains and transfers included in net income, debt securities
AOCI Attributable to Parent, Net of Tax
Reclassification adjustments for gains and transfers included in net income			(572)	(278)
Reclassification adjustments for gains and transfers included in net income, cash flow hedges
AOCI Attributable to Parent, Net of Tax
Reclassification adjustments for gains and transfers included in net income			(1)	0
Reclassification adjustments for amortization included in net income for transferred securities
AOCI Attributable to Parent, Net of Tax
Reclassification adjustments for gains and transfers included in net income			302	(642)
Accumulated Other Compre- hensive Income (loss)
AOCI Attributable to Parent, Net of Tax
Balance, beginning	(247,809)	79,920	27,359	143,090
Total other comprehensive (loss) income, net of tax	(79,403)	10,522	(354,571)	(52,648)
Balance, ending	$ (327,212)	$ 90,442	$ (327,212)	$ 90,442

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic and Diluted Earnings Per Share
Net income available to common stockholders, basic	$ 76,392	$ 77,627	$ 144,187	$ 158,429
Net income available to common stockholders, diluted	$ 76,392	$ 77,627	$ 144,187	$ 158,429
Average outstanding shares - basic (in shares)	110,765,379	95,505,877	110,745,017	95,485,839
Add: dilutive restricted stock units and stock options (in shares)	29,603	75,027	54,351	79,752
Average outstanding shares - diluted (in shares)	110,794,982	95,580,904	110,799,368	95,565,591
Basic earnings per share (in dollars per share)	$ 0.69	$ 0.81	$ 1.30	$ 1.66
Diluted earnings per share (in dollars per share)	$ 0.69	$ 0.81	$ 1.30	$ 1.66
Restricted stock units and stock options excluded from the diluted average outstanding share calculation (in shares)	139,496	0	105,947	0

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Loans Held For Sale | Gain on sale of loans
Fair Value, Option, Quantitative Disclosures
Changes in fair value, gains (losses)	$ (1,388)	$ (3,870)

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial Assets
Debt securities, available-for-sale	$ 6,209,199	$ 9,170,849
Recurring Measurements
Financial Assets
Loans held for sale, at fair value	33,837	60,797
Total assets measured at fair value on a recurring basis	6,249,116	9,235,588
Total financial liabilities		80
Interest rate caps | Recurring Measurements
Financial Assets
Interest rate caps	4,718	934
Interest rate locks | Recurring Measurements
Financial Assets
Interest rate caps	1,166	3,008
TBA hedge | Recurring Measurements
Financial Assets
Interest rate caps	196
TBA hedge		80
U.S. government and federal agency | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	457,884	1,346,749
U.S. government sponsored enterprises | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	297,814	240,693
State and local governments | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	437,617	488,858
Corporate bonds | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	101,348	180,752
Residential mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	3,715,502	5,699,659
Commercial mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	1,199,034	1,214,138
Level 1 | Recurring Measurements
Financial Assets
Loans held for sale, at fair value	0	0
Total assets measured at fair value on a recurring basis	0	0
Total financial liabilities		0
Level 1 | Interest rate caps | Recurring Measurements
Financial Assets
Interest rate caps	0	0
Level 1 | Interest rate locks | Recurring Measurements
Financial Assets
Interest rate caps	0	0
Level 1 | TBA hedge | Recurring Measurements
Financial Assets
Interest rate caps	0
TBA hedge		0
Level 1 | U.S. government and federal agency | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 1 | U.S. government sponsored enterprises | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 1 | State and local governments | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 1 | Corporate bonds | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 1 | Residential mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 1 | Commercial mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 2 | Recurring Measurements
Financial Assets
Loans held for sale, at fair value	33,837	60,797
Total assets measured at fair value on a recurring basis	6,249,116	9,235,588
Total financial liabilities		80
Level 2 | Interest rate caps | Recurring Measurements
Financial Assets
Interest rate caps	4,718	934
Level 2 | Interest rate locks | Recurring Measurements
Financial Assets
Interest rate caps	1,166	3,008
Level 2 | TBA hedge | Recurring Measurements
Financial Assets
Interest rate caps	196
TBA hedge		80
Level 2 | U.S. government and federal agency | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	457,884	1,346,749
Level 2 | U.S. government sponsored enterprises | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	297,814	240,693
Level 2 | State and local governments | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	437,617	488,858
Level 2 | Corporate bonds | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	101,348	180,752
Level 2 | Residential mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	3,715,502	5,699,659
Level 2 | Commercial mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	1,199,034	1,214,138
Level 3 | Recurring Measurements
Financial Assets
Loans held for sale, at fair value	0	0
Total assets measured at fair value on a recurring basis	0	0
Total financial liabilities		0
Level 3 | Interest rate caps | Recurring Measurements
Financial Assets
Interest rate caps	0	0
Level 3 | Interest rate locks | Recurring Measurements
Financial Assets
Interest rate caps	0	0
Level 3 | TBA hedge | Recurring Measurements
Financial Assets
Interest rate caps	0
TBA hedge		0
Level 3 | U.S. government and federal agency | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 3 | U.S. government sponsored enterprises | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 3 | State and local governments | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 3 | Corporate bonds | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 3 | Residential mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	0	0
Level 3 | Commercial mortgage-backed securities | Recurring Measurements
Financial Assets
Debt securities, available-for-sale	$ 0	$ 0

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Fair Value Measurements on a Non-Recurring Basis (Details) - Non-Recurring Measurements - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets with a recorded change resulting from re-measuring at fair value on a non-recurring basis
Collateral-dependent impaired loans, net of ACL	$ 2,801	$ 22,036
Total assets measured at fair value on a recurring basis	2,801	22,036
Level 1
Assets with a recorded change resulting from re-measuring at fair value on a non-recurring basis
Collateral-dependent impaired loans, net of ACL	0	0
Total assets measured at fair value on a recurring basis	0	0
Level 2
Assets with a recorded change resulting from re-measuring at fair value on a non-recurring basis
Collateral-dependent impaired loans, net of ACL	0	0
Total assets measured at fair value on a recurring basis	0	0
Level 3
Assets with a recorded change resulting from re-measuring at fair value on a non-recurring basis
Collateral-dependent impaired loans, net of ACL	2,801	22,036
Total assets measured at fair value on a recurring basis	$ 2,801	$ 22,036

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities - Quantitative Information about Level 3 Fair Value Measurements (Details) - Non-Recurring Measurements $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL	$ 2,801	$ 22,036
Level 3
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL	2,801	22,036
Level 3 | Cost approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL	1,560	20,934
Level 3 | Sales comparison approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL	$ 1,241	$ 1,102
Level 3 | Minimum | Cost approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input	0.100	0.100
Level 3 | Minimum | Sales comparison approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input	0.100	0.050
Level 3 | Minimum | Sales comparison approach | Adjustments to comparables
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input		0
Level 3 | Maximum | Cost approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input	0.100	0.100
Level 3 | Maximum | Sales comparison approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input	0.100	0.100
Level 3 | Maximum | Sales comparison approach | Adjustments to comparables
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input		0.100
Level 3 | Weighted Average Range | Cost approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input	0.100	0.100
Level 3 | Weighted Average Range | Sales comparison approach | Selling costs
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input	0.100	0.067
Level 3 | Weighted Average Range | Sales comparison approach | Adjustments to comparables
Quantitative Information About Level 3 Fair Value Measurements
Collateral-dependent impaired loans, net of ACL, measurement input		0.060

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities - Carrying Amount and Estimated Fair Value of Financial Instruments Not Carried at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Carrying Amount
Financial assets
Cash and cash equivalents	$ 415,406	$ 437,686
Debt securities, held-to-maturity	3,788,486	1,199,164
Loans receivable, net of ACL	14,226,792	13,259,366
Total financial assets	18,430,684	14,896,216
Financial liabilities
Term deposits	968,382	1,036,077
FHLB advances	580,000
Repurchase agreements and other borrowed funds	1,034,397	1,064,888
Subordinated debentures	132,701	132,620
Total financial liabilities	2,715,480	2,233,585
Estimated Fair Value | Level 1
Financial assets
Cash and cash equivalents	415,406	437,686
Debt securities, held-to-maturity	0	0
Loans receivable, net of ACL	0	0
Total financial assets	415,406	437,686
Financial liabilities
Term deposits	0	0
FHLB advances	0
Repurchase agreements and other borrowed funds	0	0
Subordinated debentures	0	0
Total financial liabilities	0	0
Estimated Fair Value | Level 2
Financial assets
Cash and cash equivalents	0	0
Debt securities, held-to-maturity	3,459,759	1,220,883
Loans receivable, net of ACL	0	0
Total financial assets	3,459,759	1,220,883
Financial liabilities
Term deposits	970,941	1,040,100
FHLB advances	580,000
Repurchase agreements and other borrowed funds	1,034,397	1,064,888
Subordinated debentures	127,603	131,513
Total financial liabilities	2,712,941	2,236,501
Estimated Fair Value | Level 3
Financial assets
Cash and cash equivalents	0	0
Debt securities, held-to-maturity	0	0
Loans receivable, net of ACL	14,129,375	13,422,898
Total financial assets	14,129,375	13,422,898
Financial liabilities
Term deposits	0	0
FHLB advances	0
Repurchase agreements and other borrowed funds	0	0
Subordinated debentures	0	0
Total financial liabilities	$ 0	$ 0