Document And Entity Information
Document And Entity Information | 3 Months Ended |
Mar. 31, 2023 shares | |
Document and Entity Information [Abstract] | |
Entity Incorporation, State or Country Code | OK |
Entity Tax Identification Number | 73-1373454 |
Entity Address, Address Line One | Boston Avenue at Second Street |
Entity Address, City or Town | Tulsa, |
Entity Address, State or Province | OK |
Document Transition Report | false |
Document Quarterly Report | true |
Entity Registrant Name | BOK FINANCIAL CORP |
Entity Central Index Key | 0000875357 |
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 | 66,600,833 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | Q1 |
Document Type | 10-Q |
Entity File Number | 001-37811 |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2023 |
City Area Code | 918 |
Local Phone Number | 588-6000 |
Entity Address, Postal Zip Code | 74192 |
Current Fiscal Year End Date | --12-31 |
Consolidated Statements of Earn
Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest revenue [Abstract] | ||
Loans | $ 367,870 | $ 178,373 |
Residential mortgage loans held for sale | 979 | 1,394 |
Trading securities | 34,009 | 40,975 |
Investment securities | 8,928 | 2,354 |
Available for sale securities | 88,736 | 57,932 |
Fair value option securities | 3,893 | 491 |
Restricted equity securities | 5,808 | 1,107 |
Interest-bearing cash and cash equivalents | 6,506 | 473 |
Total interest revenue | 516,729 | 283,099 |
Interest expense [Abstract] | ||
Deposits | 95,274 | 7,598 |
Borrowed funds | 67,038 | 5,788 |
Subordinated debentures | 2,069 | 1,302 |
Total interest expense | 164,381 | 14,688 |
Net interest revenue | 352,348 | 268,411 |
Provision for credit losses | 16,000 | 0 |
Net interest revenue after provision for credit losses | 336,348 | 268,411 |
Total fees and commissions | 185,979 | 97,635 |
Other gains (losses), net | 2,251 | (1,644) |
Loss on derivatives, net | (1,344) | (46,981) |
Loss on fair value option securities, net | (2,962) | (11,201) |
Change in fair value of mortgage servicing rights | (6,059) | 49,110 |
Gain on available for sale securities, net | 0 | 937 |
Total other operating revenue | 177,865 | 87,856 |
Other operating expense [Abstract] | ||
Personnel | 182,145 | 159,228 |
Business promotion | 8,569 | 6,513 |
Professional fees and services | 13,048 | 11,413 |
Net occupancy and equipment | 28,459 | 30,855 |
Insurance | 7,315 | 4,283 |
Data processing and communications | 44,802 | 39,836 |
Printing, postage and supplies | 3,893 | 3,689 |
Amortization of intangible assets | 3,391 | 3,964 |
Mortgage banking costs | 5,782 | 7,877 |
Other expense | 8,408 | 9,960 |
Total other operating expense | 305,812 | 277,618 |
Net income before taxes | 208,401 | 78,649 |
Federal and state income taxes | 45,905 | 16,197 |
Net income | 162,496 | 62,452 |
Net income (loss) attributable to non-controlling interests | 128 | (36) |
Net income attributable to BOK Financial Corporation shareholders | $ 162,368 | $ 62,488 |
Earnings Per Share [Abstract] | ||
Basic | $ 2.43 | $ 0.91 |
Diluted | $ 2.43 | $ 0.91 |
Average shares used in computation: [Abstract] | ||
Basic | 66,331,775 | 67,812,400 |
Diluted | 66,331,775 | 67,813,851 |
Dividends declared per share | $ 0.54 | $ 0.53 |
Brokerage and trading revenue [Member] | ||
Total fees and commissions | $ 52,396 | $ (27,079) |
Transaction card revenue [Member] | ||
Total fees and commissions | 25,621 | 24,216 |
Fiduciary and asset management revenue [Member] | ||
Total fees and commissions | 50,657 | 46,399 |
Deposit service charges and fees [Member] | ||
Total fees and commissions | 25,968 | 27,004 |
Mortgage banking revenue [Member] | ||
Total fees and commissions | 14,367 | 16,650 |
Other revenue [Member] | ||
Total fees and commissions | $ 16,970 | $ 10,445 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 162,496 | $ 62,452 |
Other Comprehensive Income (Loss), before Tax [Abstract] | ||
Net change in unrealized gain (loss) | 124,045 | (639,041) |
Reclassification Adjustments Included in Earnings [Abstract] | ||
Interest revenue, Investment securities | 16,051 | 0 |
Gain on available for sale securities, net | 0 | (937) |
Other comprehensive income (loss) before income taxes | 140,096 | (639,978) |
Federal and state income taxes | 31,695 | (149,781) |
Other comprehensive income (loss), net of income taxes | 108,401 | (490,197) |
Comprehensive income (loss) | 270,897 | (427,745) |
Comprehensive income (loss) attributable to non-controlling interests | 128 | (36) |
Comprehensive income (loss) attributable to BOK Financial Corp. shareholders | $ 270,769 | $ (427,709) |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets [Abstract] | ||
Cash and due from banks | $ 792,371 | $ 943,810 |
Interest-bearing cash and cash equivalents | 571,613 | 457,906 |
Trading securities | 2,294,358 | 4,464,161 |
Investment securities, net of allowance | 2,448,136 | 2,513,687 |
Available for sale securities | 11,937,841 | 11,493,860 |
Fair value option securities | 326,390 | 296,590 |
Restricted equity securities | 288,181 | 299,651 |
Residential mortgage loans held for sale | 74,175 | 75,272 |
Loans | 22,750,053 | 22,557,150 |
Allowance for loan losses | (249,460) | (235,704) |
Loans, net of allowance | 22,500,593 | 22,321,446 |
Premises and equipment, net | 623,112 | 565,175 |
Receivables | 265,680 | 273,815 |
Goodwill | 1,044,749 | 1,044,749 |
Intangible assets, net | 72,689 | 76,131 |
Mortgage servicing rights | 299,803 | 277,608 |
Real estate and other repossessed assets, net of allowance | 12,651 | 14,304 |
Derivative contracts, net | 394,291 | 880,343 |
Cash surrender value of bank-owned life insurance | 408,614 | 406,751 |
Receivable on unsettled securities sales | 18,186 | 31,004 |
Other assets | 1,150,689 | 1,354,379 |
Total assets | 45,524,122 | 47,790,642 |
Deposits [Abstract] | ||
Noninterest-bearing demand deposits | 11,606,975 | 13,395,337 |
Interest-bearing deposits: [Abstract] | ||
Transaction | 18,434,489 | 18,659,115 |
Savings | 962,673 | 964,411 |
Time | 1,576,610 | 1,461,842 |
Total deposits | 32,580,747 | 34,480,705 |
Funds purchased and repurchase agreements | 1,599,724 | 2,270,377 |
Other borrowings | 4,735,885 | 4,736,908 |
Subordinated debentures | 131,148 | 131,205 |
Accrued interest, taxes and expense | 268,449 | 296,870 |
Derivative contracts, net | 510,483 | 554,900 |
Due on unsettled securities purchases | 262,492 | 147,470 |
Other liabilities | 557,167 | 484,849 |
Total liabilities | 40,646,095 | 43,103,284 |
Shareholders' equity: [Abstract] | ||
Common stock | 5 | 5 |
Capital surplus | 1,397,096 | 1,390,395 |
Retained earnings | 4,950,176 | 4,824,164 |
Treasury stock | (743,937) | (694,960) |
Accumulated other comprehensive income (loss) | (728,554) | (836,955) |
Total shareholders' equity | 4,874,786 | 4,682,649 |
Non-controlling interests | 3,241 | 4,709 |
Total equity | 4,878,027 | 4,687,358 |
Total liabilities and equity | $ 45,524,122 | $ 47,790,642 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Investment securities [Abstract] | ||
Investment Securities, Fair Value | $ 2,307,686 | $ 2,346,768 |
Real estate and other repossessed assets, allowance | $ (4,406) | $ (10,115) |
Shareholders' equity: [Abstract] | ||
Common Stock, Par or Stated Value Per Share | $ 0.00006 | $ 0.00006 |
Common Stock, Shares Authorized | 2,500,000,000 | 2,500,000,000 |
Common Stock, Shares, Issued | (76,555,507) | (76,423,345) |
Common Stock, Shares, Outstanding | (76,555,507) | (76,423,345) |
Treasury stock, shares at cost (in shares) | 9,954,674 | 9,464,711 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Treasury Stock, Common | Accumulated Other Comprehensive Income (Loss) [Member] | Total Shareholders' Equity [Member] | Non-Controlling Interests [Member] |
Balance, beginning of period (in shares) at Dec. 31, 2021 | 76,254 | 7,786 | ||||||
Balance, beginning of period at Dec. 31, 2021 | $ 5,368,371 | $ 5 | $ 1,378,794 | $ 4,447,691 | $ (535,129) | $ 72,371 | $ 5,363,732 | $ 4,639 |
Net income | 62,452 | 62,488 | 62,488 | (36) | ||||
Other comprehensive income (loss) | (490,197) | (490,197) | (490,197) | |||||
Repurchase of common stock (in shares) | 476 | |||||||
Repurchase of common stock | (48,074) | $ (48,074) | (48,074) | |||||
Stock options exercised (in shares) | 1 | |||||||
Stock options exercised | 37 | 37 | 37 | |||||
Non-vested shares awarded, net (in shares) | 157 | |||||||
Vesting of non-vested shares (in shares) | 46 | |||||||
Vesting of non-vested shares | (4,944) | $ (4,944) | (4,944) | |||||
Share-based compensation | 2,835 | 2,835 | 2,835 | |||||
Cash dividends on common stock | (36,295) | (36,295) | (36,295) | |||||
Capital calls and distributions, net | (661) | (661) | ||||||
Balance, end of period (in shares) at Mar. 31, 2022 | 76,412 | 8,308 | ||||||
Balance, end of period at Mar. 31, 2022 | 4,853,524 | $ 5 | 1,381,666 | 4,473,884 | $ (588,147) | (417,826) | 4,849,582 | 3,942 |
Balance, beginning of period (in shares) at Dec. 31, 2022 | 76,423 | 9,465 | ||||||
Balance, beginning of period at Dec. 31, 2022 | 4,687,358 | $ 5 | 1,390,395 | 4,824,164 | $ (694,960) | (836,955) | 4,682,649 | 4,709 |
Net income | 162,496 | 162,368 | 162,368 | 128 | ||||
Other comprehensive income (loss) | 108,401 | 108,401 | 108,401 | |||||
Repurchase of common stock (in shares) | 447 | |||||||
Repurchase of common stock | (44,476) | $ (44,476) | (44,476) | |||||
Stock options exercised (in shares) | 0 | |||||||
Stock options exercised | 0 | 0 | 0 | |||||
Non-vested shares awarded, net (in shares) | 133 | |||||||
Vesting of non-vested shares (in shares) | 43 | |||||||
Vesting of non-vested shares | (4,501) | $ (4,501) | (4,501) | |||||
Share-based compensation | 6,701 | 6,701 | 6,701 | |||||
Cash dividends on common stock | (36,356) | (36,356) | (36,356) | |||||
Capital calls and distributions, net | (1,596) | (1,596) | ||||||
Balance, end of period (in shares) at Mar. 31, 2023 | 76,556 | 9,955 | ||||||
Balance, end of period at Mar. 31, 2023 | $ 4,878,027 | $ 5 | $ 1,397,096 | $ 4,950,176 | $ (743,937) | $ (728,554) | $ 4,874,786 | $ 3,241 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Cash Flows From Operating Activities: [Abstract] | ||
Net income | $ 162,496 | $ 62,452 |
Adjustments to reconcile net income to net cash used in operating activities: [Abstract] | ||
Provision for credit losses | 16,000 | 0 |
Change in fair value of mortgage servicing rights due to market assumption changes | 6,059 | (49,110) |
Change in the fair value of mortgage servicing rights due to principal payments | 5,382 | 7,960 |
Net unrealized (gains) losses from derivative contracts | 61,704 | (31,298) |
Share-based compensation | 6,701 | 2,835 |
Depreciation and amortization | 26,885 | 26,091 |
Net amortization of discounts and premiums | (4,163) | 3,216 |
Net losses (gains) on financial instruments and other losses (gains), net | (2,009) | 706 |
Net loss (gain) on mortgage loans held for sale | 1,361 | (1,056) |
Mortgage loans originated for sale | (138,624) | (418,866) |
Proceeds from sale of mortgage loans held for sale | 139,088 | 446,742 |
Capitalized mortgage servicing rights | (2,498) | (5,215) |
Change in trading and fair value option securities | 2,140,101 | 4,104,453 |
Change in receivables | 11,032 | (88,559) |
Change in other assets | 6,721 | (19,589) |
Change in other liabilities | 28,544 | (107,508) |
Net cash provided by (used in) operating activities | 2,464,780 | 3,933,254 |
Cash Flows From Investing Activities: [Abstract] | ||
Proceeds from maturities or redemptions of investment securities | 64,514 | 26,363 |
Proceeds from maturities or redemptions of available for sale securities | 313,935 | 723,730 |
Purchases of available for sale securities | (631,168) | (1,161,606) |
Proceeds from sales of available for sale securities | 0 | 55,185 |
Change in amount receivable on unsettled available for sale securities transactions | 9,864 | (99,944) |
Loans originated, net of principal collected | (187,088) | (460,128) |
Net payments on derivative asset contracts | 156,522 | 34,855 |
Net change in restricted equity securities | 11,470 | 5,724 |
Proceeds from disposition of assets | 7,401 | 9,708 |
Purchases of assets | (58,710) | (37,569) |
Net cash provided by (used in) investing activities | (313,260) | (903,682) |
Cash Flows From Financing Activities: [Abstract] | ||
Net change in demand deposits, transaction deposits and savings accounts | (2,014,726) | (1,626,196) |
Net change in time deposits | 114,768 | (189,912) |
Net change in other borrowed funds | (677,232) | (1,271,195) |
Net proceeds on derivative liability contracts | (158,021) | (30,779) |
Net change in derivative margin accounts | 579,188 | (1,274,645) |
Change in amount due on unsettled available for sale securities transactions | 52,104 | (17,198) |
Issuance of common and treasury stock, net | (4,501) | (4,907) |
Repurchase of common stock | (44,476) | (48,074) |
Dividends paid | (36,356) | (36,295) |
Net cash provided by (used in) financing activities | (2,189,252) | (4,499,201) |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total | (37,732) | (1,469,629) |
Cash and cash equivalents at beginning of period | 1,401,716 | 2,837,410 |
Cash and cash equivalents at end of period | 1,363,984 | 1,367,781 |
Supplemental Cash Flow Information: [Abstract] | ||
Cash paid for interest | 163,960 | 13,982 |
Cash paid for taxes | 733 | 858 |
Net loans and bank premises transferred to repossessed real estate and other assets | 225 | 64 |
Residential mortgage loans guaranteed by U.S. government agencies that became eligible for repurchase during the period | 5,556 | 12,568 |
Conveyance of other real estate owned guaranteed by U.S. government agencies | 1,150 | 1,812 |
Right-of-use assets obtained in exchange for operating lease liabilities | $ 63,521 | $ 9,241 |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Basis of Presentation The accompanying unaudited consolidated financial statements of BOK Financial Corporation ("BOK Financial" or "the Company") have been prepared in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The unaudited consolidated financial statements include accounts of BOK Financial and its subsidiaries, principally BOKF, NA ("the Bank"), BOK Financial Securities, Inc., and BOK Financial Private Wealth, Inc. Operating divisions of the Bank include Bank of Albuquerque, Bank of Oklahoma, Bank of Texas, BOK Financial in Arizona, Arkansas, Colorado and Kansas/Missouri, BOK Financial Mortgage and the TransFund electronic funds network. Certain reclassifications have been made to conform to the current period presentation. The financial information should be read in conjunction with BOK Financial's 2022 Form 10-K filed with the Securities and Exchange Commission, which contains audited financial statements. Amounts presented as of December 31, 2022 have been derived from the audited financial statements included in BOK Financial's 2022 Form 10-K but do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. Operating results for the three-month period ended March 31, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Newly Adopted and Pending Accounting Policies Financial Accounting Standards Board ("FASB") FASB Accounting Standards Update No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02") On March 31, 2022, the FASB issued ASU 2022-02 which eliminates the accounting guidance on troubled debt restructurings ("TDRs") for creditors in ASC 310-40, while also no longer requiring an entity to consider renewals, modifications, and extensions that result from reasonably expected TDRs in their calculation of the allowance for credit losses. For receivables for which there has been a modification in their contractual cash flows, ASU 2022-02 requires disclosure, by class of financing receivable, of the types of modifications, the financial effects of those modifications, and the performance of these modified receivables, along with receivables that had a payment default during the current period and had modifications to the contractual cash flows within 12 months prior to the default. Further, ASU 2022-02 requires entities to disclose gross write-offs recorded in the current period by year of origination in the vintage disclosures on a year-to-date basis. ASU 2022-02 was effective for the Company January 1, 2023. Amendments related to TDR recognition and measurement and vintage disclosures were applied prospectively and are included in Note 4 to the consolidated financial statements. Adoption of this standard did not have a material effect on the Company's financial condition or results of operations. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2023 | |
Marketable Securities [Abstract] | |
Securities [Text Block] | Securities Trading Securities The fair value and net unrealized gain (loss) included in trading securities are as follows (in thousands): March 31, 2023 December 31, 2022 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) U.S. government securities $ 5,618 $ (6) $ 9,823 $ (16) Residential agency mortgage-backed securities 2,210,721 12,289 4,406,848 4 Municipal securities 37,455 45 21,484 (136) Asset-backed securities 10,194 10 — — Other trading securities 30,370 228 26,006 (175) Total trading securities $ 2,294,358 $ 12,566 $ 4,464,161 $ (323) Investment Securities The amortized cost and fair values of investment securities are as follows (in thousands): March 31, 2023 Amortized Carrying Fair Gross Unrealized Cost Value 1 Value Gain Loss Municipal securities $ 153,739 $ 153,739 $ 160,866 $ 7,321 $ (194) Mortgage-backed securities: Residential agency 2,472,291 2,264,922 2,118,538 163 (146,547) Commercial agency 17,259 15,684 14,861 — (823) Other debt securities 14,288 14,288 13,421 — (867) Total investment securities 2,657,577 2,448,633 2,307,686 7,484 (148,431) Allowance for credit losses (497) (497) — — — Investment securities, net of allowance $ 2,657,080 $ 2,448,136 $ 2,307,686 $ 7,484 $ (148,431) 1 Carrying value includes $209 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. December 31, 2022 Amortized Carrying Fair Gross Unrealized Cost Value 1 Value Gain Loss Municipal securities $ 170,629 $ 170,629 $ 176,621 $ 6,456 $ (464) Mortgage-backed securities: Residential agency 2,538,565 2,315,219 2,143,360 155 (172,014) Commercial agency 17,259 15,609 14,588 — (1,021) Other debt securities 12,788 12,788 12,199 — (589) Total investment securities 2,739,241 2,514,245 2,346,768 6,611 (174,088) Allowance for credit losses (558) (558) — — — Investment securities, net of allowance $ 2,738,683 $ 2,513,687 $ 2,346,768 $ 6,611 $ (174,088) 1 Carrying value includes $225 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. The amortized cost and fair values of investment securities at March 31, 2023, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Carrying value $ 24,634 $ 92,723 $ 66,341 $ 13 $ 183,711 3.94 Fair value 24,917 99,241 64,977 13 189,148 Residential mortgage-backed securities: Carrying value $ 2,264,922 2 Fair value 2,118,538 Total investment securities: Carrying value $ 2,448,633 Fair value 2,307,686 1 Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 5.3 years years based upon current prepayment assumptions. Temporarily Impaired Investment Securities (dollars in thousands): March 31, 2023 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 9 $ — $ — $ 6,594 $ 194 $ 6,594 $ 194 Mortgage-backed securities: Residential agency 116 2,115,733 146,464 1,599 83 2,117,332 146,547 Commercial agency 2 14,861 823 — — 14,861 823 Other debt securities 3 9,153 847 255 20 9,408 867 Total investment securities 130 $ 2,139,747 $ 148,134 $ 8,448 $ 297 $ 2,148,195 $ 148,431 December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 22 $ 18,037 $ 406 $ 544 $ 58 $ 18,581 $ 464 Mortgage-backed securities: Residential agency 116 2,142,114 172,014 — — 2,142,114 172,014 Commercial agency 2 14,588 1,021 — — 14,588 1,021 Other debt securities 3 9,428 571 257 18 9,685 589 Total investment securities 143 $ 2,184,167 $ 174,012 $ 801 $ 76 $ 2,184,968 $ 174,088 Available for Sale Securities The amortized cost and fair value of available for sale securities are as follows (in thousands): March 31, 2023 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,000 $ 914 $ — $ (86) Municipal securities 685,963 634,207 1,338 (53,094) Mortgage-backed securities: Residential agency 6,311,728 6,022,708 15,379 (304,399) Residential non-agency 690,345 651,351 11,271 (50,265) Commercial agency 4,989,813 4,628,188 5,738 (367,363) Other debt securities 500 473 — (27) Total available for sale securities $ 12,679,349 $ 11,937,841 $ 33,726 $ (775,234) December 31, 2022 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,000 $ 898 $ — $ (102) Municipal securities 687,875 624,500 321 (63,696) Mortgage-backed securities: Residential agency 6,161,358 5,814,496 13,085 (359,947) Residential non-agency 616,423 577,576 11,776 (50,623) Commercial agency 4,892,257 4,475,917 3,479 (419,819) Other debt securities 500 473 — (27) Total available for sale securities $ 12,359,413 $ 11,493,860 $ 28,661 $ (894,214) The amortized cost and fair values of available for sale securities at March 31, 2023, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Amortized cost $ 148,742 $ 2,665,838 $ 2,360,090 $ 502,606 $ 5,677,276 5.82 Fair value 146,996 2,510,112 2,131,783 474,891 5,263,782 Residential mortgage-backed securities: Amortized cost $ 7,002,073 2 Fair value 6,674,059 Total available for sale securities: Amortized cost $ 12,679,349 Fair value 11,937,841 1 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 4.4 years years based upon current prepayment assumptions. Sales of available for sale securities resulted in gains and losses as follows (in thousands): Three Months Ended 2023 2022 Proceeds $ — $ 55,185 Gross realized gains — 1,933 Gross realized losses — (996) Related federal and state income tax expense — 219 The fair value of debt securities pledged as collateral for repurchase agreements, public trust funds on deposit and for other purposes, as required by law was $9.9 billion at March 31, 2023 and $11.2 billion at December 31, 2022. The secured parties do not have the right to sell or repledge these securities. Temporarily Impaired Available for Sale Securities (Dollars in thousands) March 31, 2023 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ — $ — $ 914 $ 86 $ 914 $ 86 Municipal securities 215 61,983 767 487,032 52,327 549,015 53,094 Mortgage-backed securities: Residential agency 618 1,531,016 37,020 3,240,193 267,379 4,771,209 304,399 Residential non-agency 30 230,541 8,648 343,580 41,617 574,121 50,265 Commercial agency 288 824,751 14,313 3,413,042 353,050 4,237,793 367,363 Other debt securities 1 — — 473 27 473 27 Total available for sale securities 1,153 $ 2,648,291 $ 60,748 $ 7,485,234 $ 714,486 $ 10,133,525 $ 775,234 December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ — $ — $ 899 $ 102 $ 899 $ 102 Municipal securities 227 146,634 5,301 428,248 58,395 574,882 63,696 Mortgage-backed securities: Residential agency 613 3,879,582 256,973 863,732 102,974 4,743,314 359,947 Residential non-agency 26 499,716 50,623 — — 499,716 50,623 Commercial agency 285 1,647,778 63,701 2,535,816 356,118 4,183,594 419,819 Other debt securities 1 — — 473 27 473 27 Total available for sale securities 1,153 $ 6,173,710 $ 376,598 $ 3,829,168 $ 517,616 $ 10,002,878 $ 894,214 Based on evaluations of impaired securities as of March 31, 2023, the Company does not intend to sell any impaired available for sale debt securities before fair value recovers to the current amortized cost, and it is more-likely-than-not that the Company will not be required to sell impaired securities before fair value recovers, which may be maturity. Fair Value Option Securities Fair value option securities represent securities which the Company has elected to carry at fair value and are separately identified on the Consolidated Balance Sheets. Changes in the fair value are recognized in earnings as they occur. Certain securities are held as an economic hedge of the mortgage servicing rights. The fair value and net unrealized gain (loss) included in fair value option securities is as follows (in thousands): March 31, 2023 December 31, 2022 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) U.S. Treasury $ 106,307 $ 359 $ — $ — Residential agency mortgage-backed securities 220,083 250 296,590 338 Total $ 326,390 $ 609 $ 296,590 $ 338 |
Derivatives
Derivatives | 3 Months Ended |
Mar. 31, 2023 | |
Derivative Instrument Detail [Abstract] | |
Derivatives [Text Block] | Derivatives Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value, and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customer or other counterparties reduce the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. None of these derivative contracts have been designated as hedging instruments for accounting purposes. Customer Risk Management Programs BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, interest rates and foreign exchange rates with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other operating revenue – Brokerage and trading revenue in the Consolidated Statements of Earnings. Trading BOK Financial may offer derivative instruments such as to-be-announced securities to mortgage banking customers to enable them to manage their market risk or to mitigate the Company's market risk of holding trading securities. Changes in the fair value of derivative instruments for trading purposes or used to mitigate the market risk of holding trading securities are included in Other operating revenue – Brokerage and trading revenue. Internal Risk Management Programs BOK Financial may use derivative contracts in managing its interest rate sensitivity, as part of its economic hedge of the change in the fair value of mortgage servicing rights. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of the economic hedge of changes in the fair value of mortgage servicing rights are included in Other operating revenue – Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. As discussed in Note 5, certain derivative contracts not designated as hedging instruments related to mortgage loan commitments and forward sales contracts are included in Residential mortgage loans held for sale on the Consolidated Balance Sheets. See Note 5 for additional discussion of notional, fair value and impact on earnings of these contracts. The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at March 31, 2023 (in thousands): Assets Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,691,550 $ 121,481 $ (3,303) $ 118,178 $ (98,143) $ 20,035 Energy contracts 7,456,604 988,149 (592,276) 395,873 (121,612) 274,261 Foreign exchange contracts 59,321 57,431 — 57,431 (1,560) 55,871 Equity option contracts 12,286 116 — 116 (95) 21 Total customer risk management programs 10,219,761 1,167,177 (595,579) 571,598 (221,410) 350,188 Trading 14,507,221 87,395 (45,420) 41,975 (1,439) 40,536 Internal risk management programs 165,207 5,253 (1,686) 3,567 — 3,567 Total derivative contracts $ 24,892,189 $ 1,259,825 $ (642,685) $ 617,140 $ (222,849) $ 394,291 Liabilities Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,691,550 $ 121,040 $ (3,303) $ 117,737 $ — $ 117,737 Energy contracts 7,564,737 997,077 (592,276) 404,801 (80,146) 324,655 Foreign exchange contracts 57,909 55,828 — 55,828 — 55,828 Equity option contracts 12,286 116 — 116 — 116 Total customer risk management programs 10,326,482 1,174,061 (595,579) 578,482 (80,146) 498,336 Trading 16,042,176 116,109 (45,420) 70,689 (59,941) 10,748 Internal risk management programs 135,415 3,085 (1,686) 1,399 — 1,399 Total derivative contracts $ 26,504,073 $ 1,293,255 $ (642,685) $ 650,570 $ (140,087) $ 510,483 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2022 (in thousands): Assets Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,629,318 $ 158,825 $ — $ 158,825 $ (114,955) $ 43,870 Energy contracts 7,918,020 1,232,283 (594,543) 637,740 (67,024) 570,716 Foreign exchange contracts 219,791 216,569 — 216,569 — 216,569 Equity option contracts 21,102 193 — 193 (109) 84 Total customer risk management programs 10,788,231 1,607,870 (594,543) 1,013,327 (182,088) 831,239 Trading 17,400,037 126,910 (74,647) 52,263 (4,646) 47,617 Internal risk management programs 85,000 1,500 (13) 1,487 — 1,487 Total derivative contracts $ 28,273,268 $ 1,736,280 $ (669,203) $ 1,067,077 $ (186,734) $ 880,343 Liabilities Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,629,122 $ 158,816 $ — $ 158,816 $ — $ 158,816 Energy contracts 8,696,060 1,242,058 (594,543) 647,515 (484,319) 163,196 Foreign exchange contracts 214,855 211,233 — 211,233 (7) 211,226 Equity option contracts 21,102 193 — 193 — 193 Total customer risk management programs 11,561,139 1,612,300 (594,543) 1,017,757 (484,326) 533,431 Trading 14,038,906 94,958 (74,647) 20,311 (423) 19,888 Internal risk management programs 178,806 1,594 (13) 1,581 — 1,581 Total derivative contracts $ 25,778,851 $ 1,708,852 $ (669,203) $ 1,039,649 $ (484,749) $ 554,900 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands): Three Months Ended March 31, 2023 March 31, 2022 Brokerage Gain (Loss) on Derivatives, Net Brokerage Gain (Loss) on Derivatives, Net Customer risk management programs: Interest rate contracts $ 1,770 $ — $ 6,342 $ — Energy contracts 6,553 — 4,449 — Foreign exchange contracts 31 — 148 — Equity option contracts — — — — Total customer risk management programs 8,354 — 10,939 — Trading 1 (63,093) — 31,074 — Internal risk management programs — (1,344) — (46,981) Total derivative contracts $ (54,739) $ (1,344) $ 42,013 $ (46,981) 1 Represents changes in fair value of to-be-announced securities and other derivative instruments held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and Trading Revenue in the Consolidated Statements of Earnings. |
Loans and Allowances for Credit
Loans and Allowances for Credit Losses | 3 Months Ended |
Mar. 31, 2023 | |
Loans and Leases Receivable, Net Amount [Abstract] | |
Loans [Text Block] | Loans Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower's difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. Interest is accrued at the applicable interest rate on the principal amount outstanding. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when more than 90 days past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Accrued but not paid interest receivable is included in Receivables in the Consolidated Balance Sheets. Payments on nonaccruing loans are applied to principal or recognized as interest income, according to management's judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower's financial condition or a sustained period of performance. For loans acquired with no evidence of credit deterioration, discounts are accreted on either an individual basis for loans with unique characteristics or on a pool basis for groups of homogeneous loans. Accretion is discontinued when a loan with an individually attributed discount is placed on nonaccruing status. Modifications of loans to existing borrowers generally consist of interest rate reductions, extension of payment terms, or a combination of these. Modifications may arise either voluntarily through negotiations with the borrower or involuntarily through court order. Payment deferrals up to six months are generally considered to be short-term modifications. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. A change to the allowance for credit losses is generally not recorded upon modification because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance methodology. Performing loans may be renewed under the current collateral value, debt service ratio and other underwriting standards. Nonaccruing loans may be renewed and will remain classified as nonaccruing. Occasionally, loans, other than residential mortgage loans, may be held for sale in order to manage credit concentration. These loans are carried at the lower of cost or fair value with gains or losses recognized in Other gains (losses), net in the Consolidated Statements of Earnings. All loans are charged off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a modification. The charge-off amount is determined through a quarterly evaluation of available cash resources and collateral values. Internally risk graded loans are evaluated quarterly, and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 days and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. Amortization does not anticipate loan prepayments. Net unamortized fees are recognized in full at time of payoff. Qualifying residential mortgage loans guaranteed by U.S. government agencies have been sold into GNMA pools. Under certain performance conditions specified in government programs, the Company may have the right, but not the obligation to repurchase loans from GNMA pools. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. We do not expect to receive all principal and interest based on the loan's contractual terms. A portion of the principal balance continues to be guaranteed; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of the expected cash flows discounted at the original note rate plus a liquidity spread. Guaranteed loans may be modified in accordance with U.S. government agency guidelines. Interest continues to accrue based on the modified rate. Guaranteed loans may either be resold into GNMA pools after a performance period specified by the programs or foreclosed and conveyed to the guarantors. Loans are disaggregated into portfolio segments and further disaggregated into classes. The portfolio segment is the level at which the Company develops and documents a systematic method for determining its allowance for credit losses. Classes are a further disaggregation of portfolio segments based on the risk characteristics of the loans and the Company's method for monitoring and assessing credit risk. Portfolio segments of the loan portfolio are as follows (in thousands): March 31, 2023 December 31, 2022 Fixed Variable Non-accrual Total Fixed Variable Non-accrual Total Commercial $ 3,427,345 $ 10,735,572 $ 54,432 $ 14,217,349 $ 3,392,422 $ 10,759,780 $ 60,297 $ 14,212,499 Commercial real estate 879,806 3,913,842 21,668 4,815,316 874,716 3,715,491 16,570 4,606,777 Loans to individuals 2,125,020 1,548,173 44,195 3,717,388 2,099,165 1,593,779 44,930 3,737,874 Total $ 6,432,171 $ 16,197,587 $ 120,295 $ 22,750,053 $ 6,366,303 $ 16,069,050 $ 121,797 $ 22,557,150 Credit Commitments Commitments to extend credit are agreements to lend to a customer as long as there is no violation of conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At March 31, 2023, outstanding commitments totaled $15.1 billion. Because some commitments are expected to expire before being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. BOK Financial uses the same credit policies in making commitments as it does loans. The amount of collateral obtained, if deemed necessary, is based upon management's credit evaluation of the borrower. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Because the credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan commitments, BOK Financial uses the same credit policies in evaluating the creditworthiness of the customer. Additionally, BOK Financial uses the same evaluation process in obtaining collateral on standby letters of credit as it does for loan commitments. The term of these standby letters of credit is defined in each commitment and typically corresponds with the underlying loan commitment. At March 31, 2023, outstanding standby letters of credit totaled $790 million. Allowances for Credit Losses and Accrual for Off-balance Sheet Credit Risk from Unfunded Loans Commitments The allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments represent the portion of the amortized cost basis of loans that we do not expect to collect over the asset's contractual life, considering past events, current conditions, and reasonable and supportable forecasts of future economic conditions. The appropriateness of the allowance for credit losses, including industry and product adjustments, is assessed quarterly by a senior management Allowance Committee. This review is based on an on-going evaluation of the estimated expected credit losses in the portfolio and on unused commitments to provide financing. A well-documented methodology has been developed and is applied by an independent Credit Administration department to assure consistency across the Company. The allowance for loan losses consists of specific allowances attributed to certain individual loans, generally nonaccruing loans, with dissimilar risk characteristics that have not yet been charged down to amounts we expect to recover and general allowances for estimated credit losses on pools of loans that share similar risk characteristics. When full collection of principal or interest is uncertain, the loan's risk characteristics have changed, and we exclude the loan from the general allowance pool, typically designating it as nonaccruing. For these loans, a specific allowance reflects the expected credit loss. We measure specific allowances for loans excluded from the general allowance pool by an evaluation of estimated future cash flows discounted at the loan's initial effective interest rate or the fair value of collateral for certain collateral dependent loans. For a non-collateral dependent loan, the specific allowance is the amount by which the loan's amortized cost basis exceeds its net realizable value. We measure the specific allowance for collateral dependent loans as the amount by which the loan's amortized cost basis exceeds its fair value. When repayment is expected to be provided substantially through the sale of collateral, we deduct estimated selling costs from the collateral's fair value. Generally, for real property held as collateral for loans, third party appraisals that conform to Uniform Standards of Professional Appraisal Practice serve as the basis for the fair value of real property held as collateral. These appraised values are on an "as-is" basis and generally are not adjusted by the Company. We obtain updated appraisals at least annually or more frequently if market conditions indicate collateral values may have declined. For energy loans, our internal staff of engineers generally determines collateral value of mineral rights based on projected cash flows from proven oil and gas reserves under existing economic and operating conditions. For real property held as collateral for other loans, third party appraisals that conform to Uniform Standards of Professional Appraisal Practice generally serve as the basis for the fair value. These appraised values are on an "as-is" basis and generally are not adjusted by the Company. We obtain updated appraisals at least annually or more frequently if market conditions indicate collateral values may have declined. Our special assets staff generally determines the value of other collateral based on projected liquidation cash flows under current market conditions. We evaluate collateral values and available cash resources quarterly. Historical statistics may be used to estimate specific allowances in limited situations, such as when a collateral dependent loan is removed from the general allowance pool near the end of a reporting period until an appraisal of collateral value is received or a full assessment of future cash flows is completed. General allowances estimate expected credit losses on pools of loans sharing similar risk characteristics that are expected to occur over the loan's estimated remaining life. The loan's estimated remaining life represents the contractual term adjusted for amortization, estimates of prepayments, and borrower-owned extension options. Approximately 90 percent of the committed dollars in the loan portfolio is risk graded loans with general allowance model inputs that include probability of default, loss given default, and exposure at default. Probability of default is based on the migration of loans from performing to nonperforming using historical life of loan analysis periods. Loss given default is based on the aggregate losses incurred, net of estimated recoveries. Exposure at default represents an estimate of the outstanding amount of credit exposure at the time a default may occur. Charge-off migration is used to calculate the general allowance for the majority of non-risk graded loans to individuals. The expected credit loss on less than 10 percent of the committed dollars in the portfolio is calculated using charge-off migration. The expected credit loss on approximately 1 percent of the committed dollars in the portfolio is calculated using a non-modeled approach. Specifically, the calculation applies a long-term net charge-off rate to the loan balances, adjusted for the weighted average remaining maturity of each portfolio. In estimating the expected credit losses for general allowances on performing risk-graded loans, each portfolio class is assigned relevant economic loss drivers which best explain variations in portfolio net loss rates. The probability of default estimates for each portfolio class are adjusted for current and forecasted economic conditions. The result is applied to the exposure at default and loss given default to calculate the lifetime expected credit loss estimate. Selection of relevant economic loss drivers is re-evaluated periodically and involves statistical analysis as well as management judgment. The unemployment rate factors significantly in the allowance for loan losses calculation, affecting commercial and loans to individuals segments. Other primary factors impacting the commercial portfolio include BBB corporate spreads, real gross domestic product growth rate, and energy commodity prices. The primary commercial real estate variables are vacancy rate and BBB corporate spreads. In addition to the unemployment rate, the forecast for loans to individuals is tied to a home price index. The forecasts may include regional economic factors when localized conditions diverge from national conditions. An Economic Forecast Committee, consisting of senior management with members largely independent of the allowance process develops a twelve-month forward-looking forecast for the relevant economic loss drivers. Management develops these forecasts based on external data as well as a view of future economic conditions which may include adjustments for regional conditions. The forecast includes three economic scenarios and probability weights for each scenario. The base forecast represents management's view of the most likely outcome, while the downside forecast reflects reasonably possible worsening economic conditions, and the upside forecast projects reasonably possible improving conditions. At the end of the one-year reasonable and supportable forecast period, we transition from shorter-term expected losses to long-term loss averages for the loan's estimated remaining life. The difference between short-term loss forecasts and long-term loss averages is run-off over the reversion horizon, up to three years, depending on the forecasted economic scenarios. General allowances also consider the estimated impact of factors that are not captured in the modeled results or historical experience. These factors may increase or decrease modeled results by amounts determined by the Allowance Committee. Factors not captured in modeled results or historical experience may include for example, new lines of business, market conditions that have not been previously encountered, observed changes in credit risk that are not yet reflected in macro-economic factors, or economic conditions that impact loss given default assumptions. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees that are not unconditionally cancelable by the bank. This accrual is included in other liabilities in the Consolidated Balance Sheets. The appropriateness of the accrual is determined in the same manner as the allowance for loan losses, with the added consideration of commitment usage over the remaining life for those loans that the bank can not unconditionally cancel. A provision for credit losses is charged against or credited to earnings in amounts necessary to maintain an appropriate Allowance for Credit Losses. Recoveries of loans previously charged off are added to the allowance when received. The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit is summarized as follows (in thousands): Three Months Ended March 31, 2023 Commercial Commercial Real Estate Loans to Individuals Total Allowance for loan losses: Beginning balance $ 131,586 $ 57,648 $ 46,470 $ 235,704 Provision for loan losses 6,330 10,426 (2,231) 14,525 Loans charged off (12) (2,208) (1,447) (3,667) Recoveries of loans previously charged off 1,994 137 767 2,898 Ending balance $ 139,898 $ 66,003 $ 43,559 $ 249,460 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 18,246 $ 40,490 $ 2,183 $ 60,919 Provision for off-balance sheet credit risk 2,362 (279) (59) 2,024 Ending balance $ 20,608 $ 40,211 $ 2,124 $ 62,943 Three Months Ended March 31, 2022 Commercial Commercial Real Estate Loans to Individuals Total Allowance for loan losses: Beginning balance $ 162,056 $ 58,553 $ 35,812 $ 256,421 Provision for loan losses (5,118) 468 683 (3,967) Loans charged off (6,081) (191) (1,533) (7,805) Recoveries of loans previously charged off 591 144 1,089 1,824 Ending balance $ 151,448 $ 58,974 $ 36,051 $ 246,473 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 13,812 $ 17,442 $ 1,723 $ 32,977 Provision for off-balance sheet credit risk 154 3,023 91 3,268 Ending balance $ 13,966 $ 20,465 $ 1,814 $ 36,245 A $16.0 million provision for credit losses was necessary for the first quarter of 2023, as key economic assumptions in the base case, including projected WTI oil prices and commercial real estate vacancy rates, were less favorable to economic growth. The allowance for loan losses and recorded investment of the related loans by portfolio segment for each measurement method at March 31, 2023 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 14,162,917 $ 137,415 $ 54,432 $ 2,483 $ 14,217,349 $ 139,898 Commercial real estate 4,793,648 64,453 21,668 1,550 4,815,316 66,003 Loans to individuals 3,673,193 43,559 44,195 — 3,717,388 43,559 Total $ 22,629,758 $ 245,427 $ 120,295 $ 4,033 $ 22,750,053 $ 249,460 The allowance for loan losses and recorded investment of the related loans by portfolio segment for each measurement method at December 31, 2022 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 14,152,202 $ 127,566 $ 60,297 $ 4,020 $ 14,212,499 $ 131,586 Commercial real estate 4,590,207 56,098 16,570 1,550 4,606,777 57,648 Loans to individuals 3,692,944 46,470 44,930 — 3,737,874 46,470 Total $ 22,435,353 $ 230,134 $ 121,797 $ 5,570 $ 22,557,150 $ 235,704 Credit Quality Indicators The Company utilizes risk grading as primary credit quality indicators as it influences the probability of default which is a key attribute in the expected credit losses calculation. Substantially all commercial as well as commercial real estate loans and certain loans to individuals are risk graded based on a quarterly evaluation of the borrowers' ability to repay the loans. Certain commercial loans and most loans to individuals are small, homogeneous pools that are not risk-graded. The credit quality of these loans is based on past due days in accordance with regulatory guidelines. We have included in the credit quality indicator "pass" loans that are in compliance with the original terms of the agreement and currently exhibit no factors that cause management to have doubts about the borrowers' ability to remain in compliance with the original terms of the agreement, which is consistent with the regulatory guideline of "pass". This also includes past due residential mortgages that are guaranteed by agencies of the U.S. government that continue to accrue interest based on criteria of the guarantors' programs. Other loans especially mentioned ("Special Mention") are currently performing in compliance with the original terms of the agreement but may have a potential weakness that deserves management's close attention, consistent with regulatory guidelines. Non-graded loans 30 to 59 days past due are categorized as Special Mention. The risk grading process identifies certain loans that have a well-defined weakness (for example, inadequate debt service coverage or liquidity or marginal capitalization; repayment may depend on collateral or other risk mitigation) that may jeopardize liquidation of the debt and represent a greater risk due to deterioration in the financial condition of the borrower. This is consistent with the regulatory guideline for "substandard". Because the borrowers are still performing in accordance with the original terms of the loan agreements, these loans remain on accruing status. Non-graded loans 60 to 89 days past due are categorized as Accruing Substandard. Nonaccruing loans represent loans for which full collection of principal and interest is uncertain. This includes certain loans considered "substandard" and all loans considered "doubtful" by regulatory guidelines. Non-graded loans 90 or more days past due are categorized as Nonaccrual. Probability of default is lowest for pass graded loans and increases for each credit quality indicator, Special Mention, and Accruing Substandard. Vintage represents the year of origination, except for revolving loans which are considered in aggregate. Loans that were once revolving but have converted to term loans without additional underwriting appear in a separate vintage column. The following table summarizes the Company’s loan portfolio at March 31, 2023 by the risk grade categories and vintage (in thousands): Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Energy Pass $ 12,973 $ 146,448 $ 66,052 $ 8,865 $ 11,301 $ 11,408 $ 3,119,103 $ — $ 3,376,150 Accruing Substandard — — — — 658 1,060 20,062 — 21,780 Nonaccrual — — — — — 127 — — 127 Total energy 12,973 146,448 66,052 8,865 11,959 12,595 3,139,165 — 3,398,057 Loans charged-off, year-to-date — — — — — — — — — Healthcare Pass 175,703 876,440 615,643 479,575 386,837 1,027,229 220,992 19 3,782,438 Special Mention — — 204 429 21,767 45,663 60 — 68,123 Accruing Substandard — — — 2,178 1,456 7,899 — — 11,533 Nonaccrual — — — — 26,137 11,110 — — 37,247 Total healthcare 175,703 876,440 615,847 482,182 436,197 1,091,901 221,052 19 3,899,341 Loans charged-off, year-to-date — — — — — — — — — Services Pass 216,237 759,320 470,813 275,065 171,904 805,240 799,522 506 3,498,607 Special Mention — 19,077 1,365 219 672 2,521 6,246 — 30,100 Accruing Substandard — 397 86 — 2,232 2,599 21,499 84 26,897 Nonaccrual — — 5,281 376 — — 2,441 — 8,098 Total services 216,237 778,794 477,545 275,660 174,808 810,360 829,708 590 3,563,702 Loans charged-off, year-to-date — — — — — — 5 — 5 General business Pass 288,367 607,548 320,451 162,810 147,988 355,227 1,336,404 2,193 3,220,988 Special Mention — 7,515 8,200 87 70 1,762 31,903 25 49,562 Accruing Substandard 5,516 38,443 6,841 56 4,013 7,940 13,929 — 76,738 Nonaccrual — — — 1,030 14 68 7,842 7 8,961 Total general business 293,883 653,506 335,492 163,983 152,085 364,997 1,390,078 2,225 3,356,249 Loans charged-off, year-to-date — — — — — 3 — 4 7 Total commercial 698,796 2,455,188 1,494,936 930,690 775,049 2,279,853 5,580,003 2,834 14,217,349 Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial real estate: Pass 46,900 1,383,300 1,187,644 540,129 644,511 832,101 148,063 — 4,782,648 Special Mention — — — — — 11,000 — — 11,000 Nonaccrual — — — — 7,459 14,209 — — 21,668 Total commercial real estate 46,900 1,383,300 1,187,644 540,129 651,970 857,310 148,063 — 4,815,316 Loans charged-off, year-to-date — — — — — 2,208 — — 2,208 Loans to individuals: Residential mortgage Pass 71,000 348,697 371,044 380,908 61,409 285,877 351,428 21,242 1,891,605 Special Mention — 68 — 1,355 — 309 2,843 — 4,575 Accruing Substandard — — — — — 7 147 — 154 Nonaccrual — 1,184 1,738 2,851 649 20,547 1,994 730 29,693 Total residential mortgage 71,000 349,949 372,782 385,114 62,058 306,740 356,412 21,972 1,926,027 Loans charged-off, year-to-date — — — — — 4 — 1 5 Residential mortgage guaranteed by U.S. government agencies Pass — 1,021 2,321 7,321 8,963 190,825 — — 210,451 Nonaccrual — — — 299 1,005 12,998 — — 14,302 Total residential mortgage guaranteed by U.S. government agencies — 1,021 2,321 7,620 9,968 203,823 — — 224,753 Personal: Pass 24,231 236,041 190,370 156,515 181,332 220,604 550,478 253 1,559,824 Special Mention — 115 109 47 2 — 6,055 39 6,367 Accruing Substandard — 17 40 — 160 — — — 217 Nonaccrual — 69 5 10 19 19 78 — 200 Total personal 24,231 236,242 190,524 156,572 181,513 220,623 556,611 292 1,566,608 Loans charged-off, year-to-date — — — — — 1,437 1 4 1,442 Total loans to individuals 95,231 587,212 565,627 549,306 253,539 731,186 913,023 22,264 3,717,388 Total loans $ 840,927 $ 4,425,700 $ 3,248,207 $ 2,020,125 $ 1,680,558 $ 3,868,349 $ 6,641,089 $ 25,098 $ 22,750,053 The following table summarizes the Company's loan portfolio at December 31, 2022 by the risk grade categories and vintage (in thousands): Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Energy Pass $ 157,745 $ 76,951 $ 30,284 $ 12,783 $ 5,992 $ 4,980 $ 3,104,906 $ — $ 3,393,641 Special Mention — — — — — — — — — Accruing Substandard — — — 664 385 683 28,018 — 29,750 Nonaccrual — — — — — 159 1,240 — 1,399 Total energy 157,745 76,951 30,284 13,447 6,377 5,822 3,134,164 — 3,424,790 Healthcare Pass 932,097 604,886 476,854 404,204 464,989 618,163 245,898 20 3,747,111 Special Mention — — — 20,071 — 18,859 4 — 38,934 Accruing Substandard — — — — — 14,304 3,634 — 17,938 Nonaccrual — — — 26,480 6,373 8,181 — — 41,034 Total healthcare 932,097 604,886 476,854 450,755 471,362 659,507 249,536 20 3,845,017 Services Pass 821,785 496,510 286,085 193,481 156,736 696,300 722,371 639 3,373,907 Special Mention 502 5,139 989 771 894 1,345 8,668 — 18,308 Accruing Substandard — — — 2,459 43 2,789 17,665 122 23,078 Nonaccrual — 5,570 449 — — 2,389 7,820 — 16,228 Total services 822,287 507,219 287,523 196,711 157,673 702,823 756,524 761 3,431,521 General business Pass 725,894 361,839 198,274 172,878 139,140 283,694 1,570,536 2,329 3,454,584 Special Mention 17,759 13,065 208 71 7 2,291 7,094 26 40,521 Accruing Substandard — 2,169 66 4,130 4,680 3,287 94 4 14,430 Nonaccrual — — 1,052 14 72 5 485 8 1,636 Total general business 743,653 377,073 199,600 177,093 143,899 289,277 1,578,209 2,367 3,511,171 Total commercial 2,655,782 1,566,129 994,261 838,006 779,311 1,657,429 5,718,433 3,148 14,212,499 Commercial real estate: Pass 1,188,483 1,158,002 552,616 641,102 247,625 633,304 161,616 — 4,582,748 Special Mention — — — — — — — — — Accruing Substandard — — — 7,459 — — — — 7,459 Nonaccrual — — — — — 16,570 — — 16,570 Total commercial real estate 1,188,483 1,158,002 552,616 648,561 247,625 649,874 161,616 — 4,606,777 Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Loans to individuals: Residential mortgage Pass 354,497 373,190 393,002 63,142 40,525 260,625 352,126 22,176 1,859,283 Special Mention — 81 42 — 142 388 527 87 1,267 Accruing Substandard — — 187 — — 138 117 1 443 Nonaccrual 32 1,656 2,717 362 1,904 20,139 2,216 765 29,791 Total residential mortgage 354,529 374,927 395,948 63,504 42,571 281,290 354,986 23,029 1,890,784 Residential mortgage guaranteed by U.S. government agencies Pass 289 2,254 9,000 10,722 17,244 191,426 — — 230,935 Nonaccrual — — 299 1,460 2,319 10,927 — — 15,005 Total residential mortgage guaranteed by U.S. government agencies 289 2,254 9,299 12,182 19,563 202,353 — — 245,940 Personal: Pass 254,497 193,095 154,887 172,114 68,871 201,278 549,187 332 1,594,261 Special Mention 47 28 40 12 17 — 6,003 4 6,151 Accruing Substandard — 444 — 160 — — — — 604 Nonaccrual 38 7 12 22 14 18 23 — 134 Total personal 254,582 193,574 154,939 172,308 68,902 201,296 555,213 336 1,601,150 Total loans to individuals 609,400 570,755 560,186 247,994 131,036 684,939 910,199 23,365 3,737,874 Total loans $ 4,453,665 $ 3,294,886 $ 2,107,063 $ 1,734,561 $ 1,157,972 $ 2,992,242 $ 6,790,248 $ 26,513 $ 22,557,150 Nonaccruing Loans A summary of nonaccruing loans at March 31, 2023 follows (in thousands): As of March 31, 2023 Total With No With Allowance Related Allowance Commercial: Energy $ 127 $ 127 $ — $ — Healthcare 37,247 37,247 — — Services 8,097 387 7,710 2,483 General business 8,961 8,961 — — Total commercial 54,432 46,722 7,710 2,483 Commercial real estate 21,668 7,628 14,040 1,550 Loans to individuals: Residential mortgage 29,693 29,693 — — Residential mortgage guaranteed by U.S. government agencies 14,302 14,302 — — Personal 200 200 — — Total loans to individuals 44,195 44,195 — — Total $ 120,295 $ 98,545 $ 21,750 $ 4,033 A summary of nonaccruing loans at December 31, 2022 follows (in thousands): As of December 31, 2022 Total With No With Allowance Related Allowance Commercial: Energy $ 1,399 $ 1,399 $ — $ — Healthcare 41,034 34,661 6,373 946 Services 16,228 7,835 8,393 3,074 General business 1,636 1,636 — — Total commercial 60,297 45,531 14,766 4,020 Commercial real estate 16,570 393 16,177 1,550 Loans to individuals: Residential mortgage 29,791 29,791 — — Residential mortgage guaranteed by U.S. government agencies 15,005 15,005 — — Personal 134 134 — — Total loans to individuals 44,930 44,930 — — Total $ 121,797 $ 90,854 $ 30,943 $ 5,570 Loan Modifications to Borrowers Experiencing Financial Difficulty At March 31, 2023 the Company had $35 million of loan modifications to borrowers experiencing financial difficulty, including $26 million of healthcare loans and $8.4 million of residential mortgage loans guaranteed by U.S. government agencies. Modifications generally consist of interest rate reductions, an other than insignificant payment delay, term extension or a combination. During the three months ended March 31, 2023, $511 thousand of residential mortgage loans guaranteed by U.S. government agencies were modified and subsequently defaulted. A payment default is defined as being 30 or more days past due after modification. Past Due Loans Past due status for all loan classes is based on the actual number of days since the last payment was due according to the contractual terms of the loans, as modified for short-term payment deferral forbearance. A summary of loans currently performing and past due as of March 31, 2023 is as follows (in thousands): Past Due Past Due 90 Days or More and Accruing Current 30 to 59 60 to 89 Days 90 Days Total Commercial: Energy $ 3,398,057 $ — $ — $ — $ 3,398,057 $ — Healthcare 3,866,921 — — 32,420 3,899,341 45 Services 3,556,753 6,844 45 60 3,563,702 — General business 3,355,731 492 17 9 3,356,249 9 Total commercial 14,177,462 7,336 62 32,489 14,217,349 54 Commercial real estate 4,806,306 8,965 45 — 4,815,316 — Loans to individuals: Residential mortgage 1,910,799 8,315 363 6,550 1,926,027 22 Residential mortgage guaranteed by U.S. government agencies 103,992 48,833 — 71,928 224,753 64,980 Personal 1,565,875 567 143 23 1,566,608 — Total loans to individuals 3,580,666 57,715 506 78,501 3,717,388 65,002 Total $ 22,564,434 $ 74,016 $ 613 $ 110,990 $ 22,750,053 $ 65,056 A summary of loans currently performing and past due as of December 31, 2022 is as follows (in thousands): Past Due Past Due 90 Days |
Mortgage Banking Activities
Mortgage Banking Activities | 3 Months Ended |
Mar. 31, 2023 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities [Text Block] | Mortgage Banking Activities Residential Mortgage Loan Production The Company originates, markets and services conventional and government-sponsored residential mortgage loans. Generally, conforming fixed rate residential mortgage loans are held for sale in the secondary market, and non-conforming and adjustable-rate residential mortgage loans are retained for investment. Residential mortgage loans originated for sale by the Company are carried at fair value based on sales commitments and market quotes. Changes in the fair value of mortgage loans held for sale are included in Other operating revenue – Mortgage banking revenue. Residential mortgage loans held for sale also includes the fair value of residential mortgage loan commitments and forward sales commitments, which are considered derivative contracts that have not been designated as hedging instruments for accounting purposes. The volume of mortgage loans originated for sale and secondary market prices are the primary drivers of originating and marketing revenue. Residential mortgage loan commitments are generally outstanding for 60 to 90 days, which represents the typical period from commitment to originate a residential mortgage loan to when the closed loan is sold to an investor. Residential mortgage loan commitments are subject to both credit and interest rate risk. Credit risk is managed through underwriting policies and procedures, including collateral requirements, which are generally accepted by the secondary loan markets. Exposure to interest rate fluctuations is partially managed through forward sales of residential mortgage-backed securities and forward sales contracts. These latter contracts set the price for loans that will be delivered in the next 60 to 90 days. The unpaid principal balance of residential mortgage loans held for sale, notional amounts of derivative contracts related to residential mortgage loan commitments and forward contract sales and their related fair values included in Mortgage loans held for sale on the Consolidated Balance Sheets were (in thousands): March 31, 2023 December 31, 2022 Unpaid Principal Balance/ Fair Value Unpaid Principal Balance/ Fair Value Residential mortgage loans held for sale $ 72,746 $ 72,113 $ 74,941 $ 73,938 Residential mortgage loan commitments 71,693 2,694 45,492 1,054 Forward sales contracts 127,427 (632) 109,469 280 $ 74,175 $ 75,272 No residential mortgage loans held for sale were 90 days or more past due or considered impaired as of March 31, 2023 or December 31, 2022. No credit losses were recognized on residential mortgage loans held for sale for the three month period ended March 31, 2023 and 2022. Mortgage banking revenue was as follows (in thousands): Three Months Ended 2023 2022 Production revenue: Net realized gains (losses) on sale of mortgage loans $ (1,731) $ 6,883 Net change in unrealized gain (loss) on mortgage loans held for sale 370 (5,827) Net change in the fair value of mortgage loan commitments 1,640 (3,298) Net change in the fair value of forward sales contracts (912) 7,297 Total production revenue (633) 5,055 Servicing revenue 15,000 11,595 Total mortgage banking revenue $ 14,367 $ 16,650 Production revenue includes gain (loss) on residential mortgage loans held for sale and changes in the fair value of derivative contracts not designated as hedging instruments for accounting purposes related to residential mortgage loan commitments and forward sales contracts. Servicing revenue includes servicing fee income and late charges on loans serviced for others. Residential Mortgage Servicing Mortgage servicing rights may be originated or purchased. Both originated and purchased mortgage servicing rights are initially recognized at fair value. The Company has elected to carry all mortgage servicing rights at fair value. Changes in the fair value are recognized in earnings as they occur. The unpaid principal balance of loans serviced for others is the primary driver of servicing revenue. The following represents a summary of mortgage servicing rights (dollars in thousands): March 31, 2023 December 31, 2022 Number of residential mortgage loans serviced for others 118,303 110,541 Outstanding principal balance of residential mortgage loans serviced for others $ 21,009,762 $ 18,863,201 Weighted average interest rate 3.55 % 3.59 % Remaining term (in months) 285 283 The following represents activity in capitalized mortgage servicing rights (in thousands) Three Months Ended March 31, 2023 2022 Beginning Balance $ 277,608 $ 163,198 Additions 2,500 5,215 Acquisitions 31,138 — Change in fair value due to principal payments (5,384) (7,960) Change in fair value due to market assumption changes (6,059) 49,110 Ending Balance $ 299,803 $ 209,563 Changes in the fair value of mortgage servicing rights due to market assumption changes are included in Other operating revenue in the Consolidated Statements of Earnings. Changes in fair value due to principal payments are included in Mortgage banking costs. Mortgage servicing rights are not traded in active markets. Fair value is determined by discounting the projected net cash flows. Significant market assumptions used to determine fair value based on significant unobservable inputs were as follows: March 31, 2023 December 31, 2022 Discount rate – risk-free rate plus a market premium 8.95% 9.51% Prepayment rate - based upon loan interest rate, original term and loan type 7.43% 7.54% Loan servicing costs – annually per loan based upon loan type: Performing loans $69 - $94 $69 - $94 Delinquent loans $150 - $500 $150 - $500 Loans in foreclosure $875 - $8,000 $875 - $8,000 Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life 3.66% 4.06% Primary/secondary mortgage rate spread 105 bps 105 bps Delinquency rate 1.40% 2.33% Changes in primary residential mortgage interest rates directly affect the prepayment speeds used in valuing our mortgage servicing rights. A separate third party model is used to estimate prepayment speeds based on interest rates, housing turnover rates, estimated loan curtailment, anticipated defaults and other relevant factors. The prepayment model is updated periodically for changes in market conditions and adjusted to better correlate with actual performance of BOK Financia's servicing portfolio. |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities [Text Block] | Commitments and Contingent Liabilities Litigation Contingencies On June 24, 2015, BOKF, NA received a complaint that an employee had colluded with a bond issuer and an individual in misusing revenues pledged to municipal bonds for which BOKF, NA served as trustee under the bond indenture. The Company conducted an investigation and concluded that employees in one of its Corporate Trust offices had, with respect to a single group of affiliated bond issuances, violated Company policies and procedures. The relationship manager was terminated. The Company reported the circumstances to, and cooperated with an investigation by, the Securities and Exchange Commission ("SEC"). On September 7, 2016, BOKF, NA agreed to, and the SEC entered, a consent order finding that BOKF, NA had violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act and required BOKF, NA to disgorge $1,067,721 of fees and pay a civil penalty of $600,000. BOKF, NA disgorged the fees and paid the penalty. On August 26, 2016, BOKF, NA was sued in the United States District Court for New Jersey by two bondholders in a putative class action alleging BOKF, NA participated in the fraudulent sale of securities by the principals. The action remains stayed with no current deadlines pending. On September 14, 2016, BOKF, NA was sued in the District Court of Tulsa County, Oklahoma by 19 bondholders also alleging BOKF, NA participated in the fraudulent sale of securities by the principals. The plaintiffs' recently filed a Fourth Amended Petition to which BOKF is preparing to respond. Management is advised by counsel that, in the Tulsa County District Court action, a loss is not probable and that the loss, if any, cannot be reasonably estimated. On December 28, 2015, in an action brought by the SEC, the New Jersey District Court entered a judgment against the principals involved in issuing the bonds. On January 8, 2020, the Court entered judgment against the principal individual and his wife for $36,805,051 in principal amount and $10,937,831 in pre-judgment interest. The SEC continues to aggressively pursue collection of the judgment. If the individual principal and his wife cannot pay the bonds, a bondholder loss could become probable. Management has been advised by counsel that BOKF, NA has valid defenses to claims of bondholders and that no loss to the Company is probable. No provision for losses has been made at this time. BOKF, NA estimates that, upon sale of all remaining collateral securing payment of the bonds, approximately $25 million in principal will remain outstanding. A reasonable estimate cannot be made of the amount of any bondholder loss, though the amount of bondholder loss could be material to the Company in the event a loss to the Company becomes probable. In the ordinary course of business, BOK Financial and its subsidiaries are subject to legal actions and complaints. Management believes, based upon the opinion of counsel, that the actions and liability or loss, if any, resulting from the final outcomes of the proceedings, will not have a material effect on the Company's financial condition, results of operations or cash flows. Alternative Investment Commitments The Company invests in several tax credit entities and other funds as permitted by banking regulations. Consolidation of these investments is based on the variable interest model. |
Shareholders' Equity
Shareholders' Equity | 3 Months Ended |
Mar. 31, 2023 | |
Stockholders' Equity Note [Abstract] | |
Shareholders' Equity [Text Block] | Shareholders' Equity On May 2, 2023, the Company declared a quarterly cash dividend of $0.54 per common share payable on or about May 30, 2023 to shareholders of record as of May 15, 2023. Dividends declared were $0.54 per share during the three months ended March 31, 2023 and $0.53 per share during the three months ended March 31, 2022. Accumulated Other Comprehensive Income (Loss) AOCI includes unrealized gains and losses on available for sale ("AFS") securities. AOCI also includes unrealized losses on AFS securities that were transferred from AFS to investment securities in the second quarter of 2022. Such amounts are being amortized over the estimated remaining life of the security as an adjustment to yield, offsetting the related amortization of premium on the transferred securities. Gains and losses in AOCI are net of deferred income taxes. A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands): Unrealized Gain (Loss) on Available for Sale Securities Investment Securities Transferred from AFS Employee Benefit Plans Total Balance, Dec. 31, 2021 $ 69,775 $ — $ 2,596 $ 72,371 Net change in unrealized gain (loss) (639,041) — — (639,041) Reclassification adjustments included in earnings: Gain on available for sale securities, net (937) — — (937) Other comprehensive loss, before income taxes (639,978) — — (639,978) Federal and state income taxes (149,781) — — (149,781) Other comprehensive loss, net of income taxes (490,197) — — (490,197) Balance, March 31, 2022 $ (420,422) $ — $ 2,596 $ (417,826) Balance, Dec. 31, 2022 $ (664,618) $ (172,337) $ — $ (836,955) Net change in unrealized gain (loss) 124,045 — — 124,045 Interest revenue, Investment securities — 16,051 — 16,051 Other comprehensive loss, before income taxes 124,045 16,051 — 140,096 Federal and state income taxes 28,179 3,516 — 31,695 Other comprehensive income, net of income taxes 95,866 12,535 — 108,401 Balance, March 31, 2023 $ (568,752) $ (159,802) $ — $ (728,554) |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Earnings Per Share (In thousands, except share and per share amounts) Three Months Ended March 31, 2023 2022 Numerator: Net income attributable to BOK Financial Corp. shareholders $ 162,368 $ 62,488 Less: Earnings allocated to participating securities 1,255 451 Numerator for basic earnings per share – income available to common shareholders 161,113 62,037 Effect of reallocating undistributed earnings of participating securities — — Numerator for diluted earnings per share – income available to common shareholders $ 161,113 $ 62,037 Denominator: Weighted average shares outstanding 66,849,288 68,306,107 Less: Participating securities included in weighted average shares outstanding 517,513 493,707 Denominator for basic earnings per common share 66,331,775 67,812,400 Dilutive effect of employee stock compensation plans — 1,451 Denominator for diluted earnings per common share 66,331,775 67,813,851 Basic earnings per share $ 2.43 $ 0.91 Diluted earnings per share $ 2.43 $ 0.91 |
Reportable Segments
Reportable Segments | 3 Months Ended |
Mar. 31, 2023 | |
Segment Reporting [Abstract] | |
Reportable Segments [Text Block] | Reportable Segments Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2023 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest revenue from external sources $ 287,646 $ 21,146 $ 20,940 $ 22,616 $ 352,348 Net interest revenue (expense) from internal sources (21,101) 88,235 33,166 (100,300) — Net interest revenue (expense) 266,545 109,381 54,106 (77,684) 352,348 Net loans charged off and provision for credit losses 76 1,184 (24) 14,764 16,000 Net interest revenue after provision for credit losses 266,469 108,197 54,130 (92,448) 336,348 Other operating revenue 56,845 30,610 108,911 (18,501) 177,865 Other operating expense 73,504 50,198 82,039 100,071 305,812 Net direct contribution 249,810 88,609 81,002 (211,020) 208,401 Gain (loss) on financial instruments, net (58) (4,673) — 4,731 — Change in fair value of mortgage servicing rights — (6,059) — 6,059 — Gain (loss) on repossessed assets, net 859 14 — (873) — Corporate expense allocations 17,729 11,618 12,386 (41,733) — Net income (loss) before taxes 232,882 66,273 68,616 (159,370) 208,401 Federal and state income taxes 56,335 15,586 16,189 (42,205) 45,905 Net income (loss) 176,547 50,687 52,427 (117,165) 162,496 Net income attributable to non-controlling interests — — — 128 128 Net income (loss) attributable to BOK Financial Corp. shareholders $ 176,547 $ 50,687 $ 52,427 $ (117,293) $ 162,368 Average assets $ 28,162,934 $ 9,934,511 $ 11,663,096 $ (3,778,073) $ 45,982,468 Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2022 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest revenue from external sources $ 147,590 $ 16,915 $ 56,231 $ 47,675 $ 268,411 Net interest revenue (expense) from internal sources (10,579) 10,292 (465) 752 — Net interest revenue 137,011 27,207 55,766 48,427 268,411 Net loans charged off and provision for credit losses 5,343 1,112 (71) (6,384) — Net interest revenue after provision for credit losses 131,668 26,095 55,837 54,811 268,411 Other operating revenue 57,427 33,961 25,018 (28,550) 87,856 Other operating expense 65,114 48,789 74,620 89,095 277,618 Net direct contribution 123,981 11,267 6,235 (62,834) 78,649 Gain (loss) on financial instruments, net (204) (57,895) — 58,099 — Change in fair value of mortgage servicing rights — 49,110 — (49,110) — Gain (loss) on repossessed assets, net 1,793 45 — (1,838) — Corporate expense allocations 16,246 12,080 12,071 (40,397) — Net income before taxes 109,324 (9,553) (5,836) (15,286) 78,649 Federal and state income taxes 26,980 (2,236) (1,315) (7,232) 16,197 Net income 82,344 (7,317) (4,521) (8,054) 62,452 Net loss attributable to non-controlling interests — — — (36) (36) Net income attributable to BOK Financial Corp. shareholders $ 82,344 $ (7,317) $ (4,521) $ (8,018) $ 62,488 Average assets $ 29,823,905 $ 10,273,890 $ 21,323,795 $ (10,860,516) $ 50,561,074 |
Fees and Commissions Revenue Fe
Fees and Commissions Revenue Fees and Commissions Revenue | 3 Months Ended |
Mar. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Fees and Commissions Revenue [Text Block] | Fees and Commissions Revenue Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps: • Identify the contract with a customer • Identify the performance obligations in the contract • Determine the transaction price • Allocate the transaction price to the performance obligations in the contract • Recognize revenue when (or as) the Company satisfies a performance obligation For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer, and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices. Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others. Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage and investment banking. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represents fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage. Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer's transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes the Bank. Electronic funds transfer fees are recognized as electronic transactions processed on behalf of its members. Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided. Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charge and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed. Mortgage banking revenue includes revenues recognized in conjunction with the origination, marketing and servicing of conventional and government-sponsored residential mortgage loans. Mortgage production revenue includes net realized gains (losses) on sales of residential mortgage loans in the secondary market and the net change in unrealized gains (losses) on residential mortgage loans held for sale. Mortgage production revenue also includes changes in the fair value of derivative contracts not designated as hedging instruments related to residential mortgage loan commitments and forward sales contracts. Mortgage servicing revenue includes servicing fee income and late charges on loans serviced for others. Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2023. Commercial Consumer Wealth Management Funds Management & Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 27,598 $ — $ 27,598 $ 27,598 $ — Customer hedging revenue 6,487 — 100 1,767 8,354 8,354 — Retail brokerage revenue — — 3,844 — 3,844 — 3,844 Insurance brokerage revenue — — 3,306 — 3,306 — 3,306 Investment banking revenue 3,698 — 5,596 — 9,294 3,598 5,696 Brokerage and trading revenue 10,185 — 40,444 1,767 52,396 39,550 12,846 TransFund EFT network revenue 20,499 908 (17) 2 21,392 — 21,392 Merchant services revenue 2,150 8 — — 2,158 — 2,158 Corporate card revenue 1,785 — 177 109 2,071 — 2,071 Transaction card revenue 24,434 916 160 111 25,621 — 25,621 Personal trust revenue — — 23,945 — 23,945 — 23,945 Corporate trust revenue — — 7,660 — 7,660 — 7,660 Institutional trust & retirement plan services revenue — — 12,835 — 12,835 — 12,835 Investment management services and other revenue — — 6,238 (21) 6,217 — 6,217 Fiduciary and asset management revenue — — 50,678 (21) 50,657 — 50,657 Commercial account service charge revenue 12,871 499 477 — 13,847 — 13,847 Overdraft fee revenue 25 4,828 20 — 4,873 — 4,873 Check card revenue — 5,638 — 1 5,639 — 5,639 Automated service charge and other deposit fee revenue 237 1,313 59 — 1,609 — 1,609 Deposit service charges and fees 13,133 12,278 556 1 25,968 — 25,968 Mortgage production revenue — (633) — — (633) (633) — Mortgage servicing revenue — 15,558 — (558) 15,000 15,000 — Mortgage banking revenue — 14,925 — (558) 14,367 14,367 — Other revenue 8,083 2,462 17,073 (10,648) 16,970 8,560 8,410 Total fees and commissions revenue $ 55,835 $ 30,581 $ 108,911 $ (9,348) $ 185,979 $ 62,477 $ 123,502 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2022. Commercial Consumer Wealth Management Funds Management & Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ (54,048) $ — $ (54,048) $ (54,048) $ — Customer hedging revenue 12,979 — 817 (2,858) 10,938 10,938 — Retail brokerage revenue — — 4,610 — 4,610 — 4,610 Insurance brokerage revenue — — 3,738 — 3,738 — 3,738 Investment banking revenue 3,358 — 4,325 — 7,683 3,099 4,584 Brokerage and trading revenue 16,337 — (40,558) (2,858) (27,079) (40,011) 12,932 TransFund EFT network revenue 18,153 886 (17) 1 19,023 — 19,023 Merchant services revenue 3,641 10 — — 3,651 — 3,651 Corporate card revenue 1,376 — 76 90 1,542 — 1,542 Transaction card revenue 23,170 896 59 91 24,216 — 24,216 Personal trust revenue — — 24,797 — 24,797 — 24,797 Corporate trust revenue — — 3,958 — 3,958 — 3,958 Institutional trust & retirement plan services revenue — — 12,567 — 12,567 — 12,567 Investment management services and other revenue — — 5,121 (44) 5,077 — 5,077 Fiduciary and asset management revenue — — 46,443 (44) 46,399 — 46,399 Commercial account service charge revenue 13,131 450 513 — 14,094 — 14,094 Overdraft fee revenue 31 6,193 23 — 6,247 — 6,247 Check card revenue — 5,545 — — 5,545 — 5,545 Automated service charge and other deposit fee revenue 23 1,107 (14) 2 1,118 — 1,118 Deposit service charges and fees 13,185 13,295 522 2 27,004 — 27,004 Mortgage production revenue — 5,055 — — 5,055 5,055 — Mortgage servicing revenue — 12,076 — (481) 11,595 11,595 — Mortgage banking revenue — 17,131 — (481) 16,650 16,650 — Other revenue 4,272 2,655 18,557 (15,039) 10,445 7,275 3,170 Total fees and commissions revenue $ 56,964 $ 33,977 $ 25,023 $ (18,329) $ 97,635 $ (16,086) $ 113,721 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements [Text Block] | Fair Value Measurements Fair value is defined by applicable accounting guidance as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market for the given asset or liability at the measurement date based on market conditions at that date. An orderly transaction assumes exposure to the market for a customary period for marketing activities prior to the measurement date and not a forced liquidation or distressed sale. Certain assets and liabilities are recorded in the Compan's financial statements at fair value. Some are recorded on a recurring basis and some on a non-recurring basis. For some assets and liabilities, observable market transactions and market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. A hierarchy for fair value has been established which categorizes into three levels the inputs to valuation techniques used to measure fair value. The three levels are as follows: Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) - Fair value is based on unadjusted quoted prices in active markets for identical assets or liabilities. Significant Other Observable Inputs (Level 2) - Fair value is based on significant other observable inputs which are generally determined based on a single price for each financial instrument provided to us by an applicable third-party pricing service and is based on one or more of the following: • Quoted prices for similar, but not identical, assets or liabilities in active markets; • Quoted prices for identical or similar assets or liabilities in inactive markets; • Inputs other than quoted prices that are observable, such as interest rate and yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates; • Other inputs derived from or corroborated by observable market inputs. Significant Unobservable Inputs (Level 3) - Fair value is based upon model-based valuation techniques for which at least one significant assumption is not observable in the market. Transfers between levels are recognized as of the end of the reporting period. There were no transfers in or out of quoted prices in active markets for identical instruments to significant other observable inputs or significant unobservable inputs during the three months ended March 31, 2023 and 2022, respectively. Transfers between significant other observable inputs and significant unobservable inputs during the three months ended March 31, 2023 and 2022 were immaterial. The underlying methods used by the third-party pricing services are considered in determining the primary inputs used to determine fair values. Management has evaluated the methodologies employed by the third-party pricing services by comparing the price provided by the pricing service with other sources, including brokers' quotes, sales or purchases of similar instruments and discounted cash flows to establish a basis for reliance on the pricing service values. Significant differences between the pricing service provided value and other sources are discussed with the pricing service to understand the basis for their values. Based on all observable inputs, management may adjust prices obtained from third-party pricing services to more appropriately reflect the prices that would be received to sell assets or paid to transfer liabilities in orderly transactions in the current market. No significant adjustments were made to prices provided by third-party pricing services at March 31, 2023 or December 31, 2022. Assets and Liabilities Measured at Fair Value on a Recurring Basis The fair value of financial assets and liabilities measured on a recurring basis was as follows as of March 31, 2023 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 5,618 $ 4,878 $ 740 $ — Residential agency mortgage-backed securities 2,210,721 — 2,210,721 — Municipal securities 37,455 — 37,455 — Asset-backed securities 10,194 — 10,194 — Other trading securities 30,370 — 30,370 — Total trading securities 2,294,358 4,878 2,289,480 — Available for sale securities: U.S. Treasury 914 914 — — Municipal securities 634,207 — 634,207 — Residential agency mortgage-backed securities 6,022,708 — 6,022,708 — Residential non-agency mortgage-backed securities 651,351 — 651,351 — Commercial agency mortgage-backed securities 4,628,188 — 4,628,188 — Other debt securities 473 — — 473 Total available for sale securities 11,937,841 914 11,936,454 473 Fair value option securities: U.S. Treasury 106,307 106,307 — — Residential agency mortgage-backed securities 220,083 — 220,083 — Total fair value option securities 326,390 106,307 220,083 — Residential mortgage loans held for sale 1 74,175 — 67,024 7,151 Mortgage servicing rights 2 299,803 — — 299,803 Derivative contracts, net of cash collateral 3 394,291 303 393,988 — Liabilities: Derivative contracts, net of cash collateral 3 510,483 3,822 506,661 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.43% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes . The fair value of financial assets and liabilities measured on a recurring basis was as follows as of December 31, 2022 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 9,823 $ 4,970 $ 4,853 $ — Residential agency mortgage-backed securities 4,406,848 — 4,406,848 — Municipal securities 21,484 — 21,484 — Other trading securities 26,006 — 26,006 — Total trading securities 4,464,161 4,970 4,459,191 — Available for sale securities: U.S. Treasury 898 898 — — Municipal securities 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 — 4,475,917 — Other debt securities 473 — — 473 Total available for sale securities 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 — 296,590 — Residential mortgage loans held for sale 1 75,272 — 68,054 7,218 Mortgage servicing rights 2 277,608 — — 277,608 Derivative contracts, net of cash collateral 3 880,343 2,110 878,233 — Liabilities: Derivative contracts, net of cash collateral 3 554,900 16 554,884 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.55% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes. Following is a description of the Company's valuation methodologies used for assets and liabilities measured on a recurring basis: Securities The fair values of trading, available for sale and fair value option securities are based on quoted prices for identical instruments in active markets, when available. If quoted prices for identical instruments are not available, fair values are based on significant other observable inputs such as quoted prices of comparable instruments or interest rates and credit spreads, yield curves, volatilities, prepayment speeds and loss severities. The Company has elected to carry all residential mortgage-backed securities guaranteed by U.S. government agencies held as economic hedges against changes in the fair value of mortgage servicing rights at fair value with changes in the fair value recognized in earnings. The fair value of certain available for sale municipal and other debt securities may be based on significant unobservable inputs. These significant unobservable inputs include limited observed trades, projected cash flows, current credit rating of the issuers and, when applicable, the insurers of the debt and observed trades of similar debt. Discount rates are primarily based on references to interest rate spreads on comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies adjusted for a lack of trading volume. Significant unobservable inputs are developed by investment securities professionals involved in the active trading of similar securities. A summary of significant inputs used to value these securities follows. A management committee composed of senior members from the Company's Capital Markets, Risk Management and Finance departments assesses the appropriateness of these inputs quarterly. Derivatives All derivative instruments are carried on the balance sheet at fair value. Fair values for exchange-traded contracts are based on quoted prices. Fair values for over-the-counter interest rate, commodity and foreign exchange contracts are based on valuations provided either by third-party dealers in the contracts, quotes provided by independent pricing services, or a third-party provided pricing model that uses significant other observable market inputs. Credit risk is considered in determining the fair value of derivative instruments. Management determines fair value adjustments based on various risk factors including, but not limited to, current fair value, probability of default and loss given default. We also consider our own credit risk in determining the fair value of derivative contracts. Changes in our credit rating would affect the fair value of our derivative liabilities. In the event of a credit downgrade, the fair value of our derivative liabilities would increase. Residential Mortgage Loans Held for Sale Residential mortgage loans held for sale are carried on the balance sheet at fair value. The Company has elected to carry all residential mortgage loans originated for sale at fair value. Changes in the fair value of these financial instruments are recognized in earnings. The fair values of residential mortgage loans held for sale are based upon quoted market prices of such loans sold in securitization transactions, including related unfunded loan commitments and forward sales contracts. The fair value of mortgage loans that were unable to be sold to U.S. government agencies were determined using quoted prices of loans that are sold in securitization transactions with a liquidity discount applied. Fair Value of Assets and Liabilities Measured on a Non-Recurring Basis Assets measured at fair value on a non-recurring basis include collateral for certain nonaccruing loans and real property and other assets acquired to satisfy loans, which are based primarily on comparisons to completed sales of similar assets. The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2023 for which the fair value was adjusted during the three months ended March 31, 2023: Fair Value Adjustments for the Carrying Value at March 31, 2023 Three Months Ended Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ — $ 14,040 $ 1,991 $ — Real estate and other repossessed assets — 547 — — (101) The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2022 for which the fair value was adjusted during the three months ended March 31, 2022: Fair Value Adjustments for the Carrying Value at March 31, 2022 Three Months Ended Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ 4,168 $ 244 $ 818 $ — Real estate and other repossessed assets — 1,412 400 — 106 The fair value of collateral-dependent nonaccruing loans secured by real estate and real estate and other repossessed assets and the related fair value adjustments are generally based on unadjusted third-party appraisals. Our appraisal review policies require appraised values to be supported by observed inputs derived principally from or corroborated by observable market data. Appraisals that are not based on observable inputs or that require significant adjustments or fair value measurements that are not based on third-party appraisals are considered to be based on significant unobservable inputs. Non-recurring fair value measurements of collateral-dependent nonaccruing loans and real estate and other repossessed assets based on significant unobservable inputs are generally due to estimates of current fair values between appraisal dates. Significant unobservable inputs include listing prices for the same or comparable assets, uncorroborated expert opinions or management's knowledge of the collateral or industry. Non-recurring fair value measurements of collateral dependent loans secured by mineral rights are generally determined by our internal staff of engineers on projected cash flows under current market conditions and are based on significant unobservable inputs. Projected cash flows are discounted according to risk characteristics of the underlying oil and gas properties. Assets are evaluated to demonstrate with reasonable certainty that crude oil, natural gas and natural gas liquids can be recovered from known oil and gas reservoirs under existing economic and operating conditions at current prices with existing conventional equipment, operating methods and costs. Significant unobservable inputs are developed by asset management and workout professionals and approved by senior Credit Administration executives. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2023 follows (in thousands): Fair Value Valuation Technique(s) Unobservable Input Range Nonaccruing loans $ 14,040 Discounted cash flows Management knowledge of industry and non-real estate collateral including, but not limited to, recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs 88% - 88% (88%) 1 1 Represents fair value as a percentage of the unpaid principal balance. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2022 follows (in thousands): Fair Value Valuation Technique(s) Unobservable Input Range Nonaccruing loans $ 244 Discounted cash flows Management knowledge of industry and non-real estate collateral including, but not limited to, recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs 3% - 25% (5%) 1 Real estate and other repossessed assets 400 Discounted cash flows Marketability adjustments off appraised value. 2 75% - 75% (75%) 1 Represents fair value as a percentage of the unpaid principal balance. 2 Marketability adjustments include consideration of estimated costs to sell which is approximately 10% of the fair value. Fair Value of Financial Instruments The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or are measured at fair value on a non-recurring basis as of March 31, 2023 (dollars in thousands): Carrying Estimated Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Cash and due from banks $ 792,371 $ 792,371 $ 792,371 $ — $ — Interest-bearing cash and cash equivalents 571,613 571,613 571,613 — — Trading securities: U.S. government securities 5,618 5,618 4,878 740 — Residential agency mortgage-backed securities 2,210,721 2,210,721 — 2,210,721 — Municipal securities 37,455 37,455 — 37,455 — Asset-backed securities 10,194 10,194 — 10,194 — Other trading securities 30,370 30,370 — 30,370 — Total trading securities 2,294,358 2,294,358 4,878 2,289,480 — Investment securities: Municipal securities 153,739 160,866 — 33,158 127,708 Residential agency mortgage-backed securities 2,264,922 2,118,538 — 2,118,538 — Commercial agency mortgage-backed securities 15,684 14,861 — 14,861 — Other debt securities 14,288 13,421 — 13,421 — Total investment securities 2,448,633 2,307,686 — 2,179,978 127,708 Allowance for credit losses (497) — — — — Investment securities, net of allowance 2,448,136 2,307,686 — 2,179,978 127,708 Available for sale securities: U.S. Treasury 914 914 914 — — Municipal securities 634,207 634,207 — 634,207 — Residential agency mortgage-backed securities 6,022,708 6,022,708 — 6,022,708 — Residential non-agency mortgage-backed securities 651,351 651,351 — 651,351 — Commercial agency mortgage-backed securities 4,628,188 4,628,188 — 4,628,188 — Other debt securities 473 473 — — 473 Total available for sale securities 11,937,841 11,937,841 914 11,936,454 473 Fair value option securities: U.S. Treasury 106,307 106,307 106,307 — — Residential agency mortgage-backed securities 220,083 220,083 — 220,083 — Total fair value option securities 326,390 326,390 106,307 220,083 — Residential mortgage loans held for sale 74,175 74,175 — 67,024 7,151 Loans: Commercial 14,217,349 14,129,311 — — 14,129,311 Commercial real estate 4,815,316 4,703,787 — — 4,703,787 Loans to individuals 3,717,388 3,547,326 — — 3,547,326 Total loans 22,750,053 22,380,424 — — 22,380,424 Allowance for loan losses (249,460) — — — — Loans, net of allowance 22,500,593 22,380,424 — — 22,380,424 Mortgage servicing rights 299,803 299,803 — — 299,803 Derivative instruments with positive fair value, net of cash collateral 394,291 394,291 303 393,988 — Deposits with no stated maturity 31,004,137 31,004,137 — — 31,004,137 Time deposits 1,576,610 1,547,154 — — 1,547,154 Other borrowed funds 6,335,609 6,333,599 — — 6,333,599 Subordinated debentures 131,148 125,077 — 125,077 — Derivative instruments with negative fair value, net of cash collateral 510,483 510,483 3,822 506,661 — The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or are measured at fair value on a non-recurring basis as of December 31, 2022 (dollars in thousands): Carrying Estimated Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Cash and due from banks $ 943,810 $ 943,810 $ 943,810 $ — $ — Interest-bearing cash and cash equivalents 457,906 457,906 457,906 — — Trading securities: U.S. government securities 9,823 9,823 4,970 4,853 — Residential agency mortgage-backed securities 4,406,848 4,406,848 — 4,406,848 — Municipal securities 21,484 21,484 — 21,484 — Other trading securities 26,006 26,006 — 26,006 — Total trading securities 4,464,161 4,464,161 4,970 4,459,191 — Investment securities: Municipal securities 170,629 176,621 — 38,106 138,515 Residential agency mortgage-backed securities 2,315,219 2,143,360 — 2,143,360 — Commercial agency mortgage-backed securities 15,609 14,588 — 14,588 — Other debt securities 12,788 12,199 — 12,199 — Total investment securities 2,514,245 2,346,768 — 2,208,253 138,515 Allowance for credit losses (558) — — — — Investment securities, net of allowance 2,513,687 2,346,768 — 2,208,253 138,515 Available for sale securities: U.S. Treasury 898 898 898 — — Municipal securities 624,500 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 4,475,917 — 4,475,917 — Other debt securities 473 473 — — 473 Total available for sale securities 11,493,860 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 296,590 — 296,590 — Residential mortgage loans held for sale 75,272 75,272 — 68,054 7,218 Loans: Commercial 14,212,499 13,905,765 — — 13,905,765 Commercial real estate 4,606,777 4,454,048 — — 4,454,048 Loans to individuals 3,737,874 3,531,410 — — 3,531,410 Total loans 22,557,150 21,891,223 — — 21,891,223 Allowance for loan losses (235,704) — — — — Loans, net of allowance 22,321,446 21,891,223 — — 21,891,223 Mortgage servicing rights 277,608 277,608 — — 277,608 Derivative instruments with positive fair value, net of cash collateral 880,343 880,343 2,110 878,233 — Deposits with no stated maturity 33,018,863 33,018,863 — — 33,018,863 Time deposits 1,461,842 1,431,245 — — 1,431,245 Other borrowed funds 7,007,285 7,005,305 — — 7,005,305 Subordinated debentures 131,205 121,497 — 121,497 — Derivative instruments with negative fair value, net of cash collateral 554,900 554,900 16 554,884 — Because no market exists for certain of these financial instruments and management does not intend to sell these financial instruments, the fair values shown in the tables above may not represent values at which the respective financial instruments could be sold individually or in the aggregate at the given reporting date. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Subsequent Events The Company evaluated events from the date of the consolidated financial statements on March 31, 2023 through the issuance of those consolidated financial statements included in this Quarterly Report on Form 10-Q. No events were identified requiring recognition in and/or disclosure in the consolidated financial statements. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | The accompanying unaudited consolidated financial statements of BOK Financial Corporation ("BOK Financial" or "the Company") have been prepared in accordance with accounting principles for interim financial information generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. |
Principles of Consolidation [Policy Text Block] | The unaudited consolidated financial statements include accounts of BOK Financial and its subsidiaries, principally BOKF, NA ("the Bank"), BOK Financial Securities, Inc., and BOK Financial Private Wealth, Inc. Operating divisions of the Bank include Bank of Albuquerque, Bank of Oklahoma, Bank of Texas, BOK Financial in Arizona, Arkansas, Colorado and Kansas/Missouri, BOK Financial Mortgage and the TransFund electronic funds network. |
Reclassification, Policy [Policy Text Block] | Certain reclassifications have been made to conform to the current period presentation. |
Newly Adopted and Pending Accounting Policies [Policy Text Block] | Newly Adopted and Pending Accounting Policies Financial Accounting Standards Board ("FASB") FASB Accounting Standards Update No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02") On March 31, 2022, the FASB issued ASU 2022-02 which eliminates the accounting guidance on troubled debt restructurings ("TDRs") for creditors in ASC 310-40, while also no longer requiring an entity to consider renewals, modifications, and extensions that result from reasonably expected TDRs in their calculation of the allowance for credit losses. For receivables for which there has been a modification in their contractual cash flows, ASU 2022-02 requires disclosure, by class of financing receivable, of the types of modifications, the financial effects of those modifications, and the performance of these modified receivables, along with receivables that had a payment default during the current period and had modifications to the contractual cash flows within 12 months prior to the default. Further, ASU 2022-02 requires entities to disclose gross write-offs recorded in the current period by year of origination in the vintage disclosures on a year-to-date basis. ASU 2022-02 was effective for the Company January 1, 2023. Amendments related to TDR recognition and measurement and vintage disclosures were applied prospectively and are included in Note 4 to the consolidated financial statements. Adoption of this standard did not have a material effect on the Company's financial condition or results of operations. FASB Accounting Standards Update No. 2023-01, Leases (Topic 842): Common Control Arrangements ("ASU 2023-01") On March 27, 2023, the FASB issued ASU 2023-01 which, in part, amends the accounting for leasehold improvement in common-control arrangements. Under previous guidance, a lessee is generally required to amortize leasehold improvements that it owns over the shorter of the useful life of those improvements or the lease term. However, due to the nature of leasehold improvements made under leases between entities under common control, ASU 2023-01 requires a lessee in a common-control arrangement to amortize such leasehold improvements that it owns over the improvements' useful life to the common control group, regardless of the lease term. ASU 2023-01 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of ASU 2023-01 is not expected to have a material impact on the Company's financial statements. FASB Accounting Standards Update No. 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method ("ASU 2023-02") On March 29, 2023, the FASB issued ASU 2023-02 which amends previous guidance to allow entities to account for qualifying tax equity investments using the proportional amortization method regardless of the program giving rise to the related income tax credits, as opposed to only being allowed to apply this method to qualifying tax equity investments in low-income housing tax credit structures as was the case under previous guidance. ASU 2023-02 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Adoption of ASU 2023-02 is not expected to have a material impact on the Company's financial statements. |
Derivatives, Policy [Policy Text Block] | Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value, and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customer or other counterparties reduce the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. None of these derivative contracts have been designated as hedging instruments for accounting purposes. Customer Risk Management Programs BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, interest rates and foreign exchange rates with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other operating revenue – Brokerage and trading revenue in the Consolidated Statements of Earnings. Trading BOK Financial may offer derivative instruments such as to-be-announced securities to mortgage banking customers to enable them to manage their market risk or to mitigate the Company's market risk of holding trading securities. Changes in the fair value of derivative instruments for trading purposes or used to mitigate the market risk of holding trading securities are included in Other operating revenue – Brokerage and trading revenue. Internal Risk Management Programs BOK Financial may use derivative contracts in managing its interest rate sensitivity, as part of its economic hedge of the change in the fair value of mortgage servicing rights. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of the economic hedge of changes in the fair value of mortgage servicing rights are included in Other operating revenue – Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. |
Loans and Allowances for Credit Losses, Loans [Policy Text Block] | Loans Loans are either secured or unsecured based on the type of loan and the financial condition of the borrower. Repayment is generally expected from cash flow or proceeds from the sale of selected assets of the borrower. BOK Financial is exposed to risk of loss on loans due to the borrower's difficulties, which may arise from any number of factors, including problems within the respective industry or local economic conditions. Access to collateral, in the event of borrower default, is reasonably assured through adherence to applicable lending laws and through sound lending standards and credit review procedures. Accounting policies for all loans, excluding residential mortgage loans guaranteed by U.S. government agencies, are as follows. Interest is accrued at the applicable interest rate on the principal amount outstanding. Loans are placed on nonaccruing status when, in the opinion of management, full collection of principal or interest is uncertain. Internally risk graded loans are individually evaluated for nonaccruing status quarterly. Non-risk graded loans are generally placed on nonaccruing status when more than 90 days past due or within 60 days of being notified of the borrower's bankruptcy filing. Interest previously accrued but not collected is charged against interest income when the loan is placed on nonaccruing status. Accrued but not paid interest receivable is included in Receivables in the Consolidated Balance Sheets. Payments on nonaccruing loans are applied to principal or recognized as interest income, according to management's judgment as to the collectability of principal. Loans may be returned to accruing status when, in the opinion of management, full collection of principal and interest, including principal previously charged off, is probable based on improvements in the borrower's financial condition or a sustained period of performance. For loans acquired with no evidence of credit deterioration, discounts are accreted on either an individual basis for loans with unique characteristics or on a pool basis for groups of homogeneous loans. Accretion is discontinued when a loan with an individually attributed discount is placed on nonaccruing status. Modifications of loans to existing borrowers generally consist of interest rate reductions, extension of payment terms, or a combination of these. Modifications may arise either voluntarily through negotiations with the borrower or involuntarily through court order. Payment deferrals up to six months are generally considered to be short-term modifications. Generally, principal and accrued but unpaid interest is not voluntarily forgiven. A change to the allowance for credit losses is generally not recorded upon modification because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance methodology. Performing loans may be renewed under the current collateral value, debt service ratio and other underwriting standards. Nonaccruing loans may be renewed and will remain classified as nonaccruing. Occasionally, loans, other than residential mortgage loans, may be held for sale in order to manage credit concentration. These loans are carried at the lower of cost or fair value with gains or losses recognized in Other gains (losses), net in the Consolidated Statements of Earnings. All loans are charged off when the loan balance or a portion of the loan balance is no longer supported by the paying capacity of the borrower or when the required cash flow is reduced in a modification. The charge-off amount is determined through a quarterly evaluation of available cash resources and collateral values. Internally risk graded loans are evaluated quarterly, and charge-offs are taken in the quarter in which the loss is identified. Non-risk graded loans that are past due between 60 days and 180 days, based on the loan product type, are charged off. Loans to borrowers whose personal obligation has been discharged through Chapter 7 bankruptcy proceedings are charged off within 60 days of notice of the bankruptcy filing, regardless of payment status. Loan origination and commitment fees and direct loan acquisition and origination costs are deferred and amortized as an adjustment to yield over the life of the loan or over the commitment period, as applicable. Amortization does not anticipate loan prepayments. Net unamortized fees are recognized in full at time of payoff. Qualifying residential mortgage loans guaranteed by U.S. government agencies have been sold into GNMA pools. Under certain performance conditions specified in government programs, the Company may have the right, but not the obligation to repurchase loans from GNMA pools. These loans no longer qualify for sale accounting and are recognized in the Consolidated Balance Sheets. We do not expect to receive all principal and interest based on the loan's contractual terms. A portion of the principal balance continues to be guaranteed; however, interest accrues at a curtailed rate as specified in the programs. The carrying value of these loans is reduced based on an estimate of the expected cash flows discounted at the original note rate plus a liquidity spread. Guaranteed loans may be modified in accordance with U.S. government agency guidelines. Interest continues to accrue based on the modified rate. Guaranteed loans may either be resold into GNMA pools after a performance period specified by the programs or foreclosed and conveyed to the guarantors. |
Loans and Allowances for Credit Losses, Allowances for Credit Losses [Policy Text Block] | Allowances for Credit Losses and Accrual for Off-balance Sheet Credit Risk from Unfunded Loans Commitments The allowance for loan losses and accrual for off-balance sheet credit risk from unfunded loan commitments represent the portion of the amortized cost basis of loans that we do not expect to collect over the asset's contractual life, considering past events, current conditions, and reasonable and supportable forecasts of future economic conditions. The appropriateness of the allowance for credit losses, including industry and product adjustments, is assessed quarterly by a senior management Allowance Committee. This review is based on an on-going evaluation of the estimated expected credit losses in the portfolio and on unused commitments to provide financing. A well-documented methodology has been developed and is applied by an independent Credit Administration department to assure consistency across the Company. The allowance for loan losses consists of specific allowances attributed to certain individual loans, generally nonaccruing loans, with dissimilar risk characteristics that have not yet been charged down to amounts we expect to recover and general allowances for estimated credit losses on pools of loans that share similar risk characteristics. When full collection of principal or interest is uncertain, the loan's risk characteristics have changed, and we exclude the loan from the general allowance pool, typically designating it as nonaccruing. For these loans, a specific allowance reflects the expected credit loss. We measure specific allowances for loans excluded from the general allowance pool by an evaluation of estimated future cash flows discounted at the loan's initial effective interest rate or the fair value of collateral for certain collateral dependent loans. For a non-collateral dependent loan, the specific allowance is the amount by which the loan's amortized cost basis exceeds its net realizable value. We measure the specific allowance for collateral dependent loans as the amount by which the loan's amortized cost basis exceeds its fair value. When repayment is expected to be provided substantially through the sale of collateral, we deduct estimated selling costs from the collateral's fair value. Generally, for real property held as collateral for loans, third party appraisals that conform to Uniform Standards of Professional Appraisal Practice serve as the basis for the fair value of real property held as collateral. These appraised values are on an "as-is" basis and generally are not adjusted by the Company. We obtain updated appraisals at least annually or more frequently if market conditions indicate collateral values may have declined. For energy loans, our internal staff of engineers generally determines collateral value of mineral rights based on projected cash flows from proven oil and gas reserves under existing economic and operating conditions. For real property held as collateral for other loans, third party appraisals that conform to Uniform Standards of Professional Appraisal Practice generally serve as the basis for the fair value. These appraised values are on an "as-is" basis and generally are not adjusted by the Company. We obtain updated appraisals at least annually or more frequently if market conditions indicate collateral values may have declined. Our special assets staff generally determines the value of other collateral based on projected liquidation cash flows under current market conditions. We evaluate collateral values and available cash resources quarterly. Historical statistics may be used to estimate specific allowances in limited situations, such as when a collateral dependent loan is removed from the general allowance pool near the end of a reporting period until an appraisal of collateral value is received or a full assessment of future cash flows is completed. General allowances estimate expected credit losses on pools of loans sharing similar risk characteristics that are expected to occur over the loan's estimated remaining life. The loan's estimated remaining life represents the contractual term adjusted for amortization, estimates of prepayments, and borrower-owned extension options. Approximately 90 percent of the committed dollars in the loan portfolio is risk graded loans with general allowance model inputs that include probability of default, loss given default, and exposure at default. Probability of default is based on the migration of loans from performing to nonperforming using historical life of loan analysis periods. Loss given default is based on the aggregate losses incurred, net of estimated recoveries. Exposure at default represents an estimate of the outstanding amount of credit exposure at the time a default may occur. Charge-off migration is used to calculate the general allowance for the majority of non-risk graded loans to individuals. The expected credit loss on less than 10 percent of the committed dollars in the portfolio is calculated using charge-off migration. The expected credit loss on approximately 1 percent of the committed dollars in the portfolio is calculated using a non-modeled approach. Specifically, the calculation applies a long-term net charge-off rate to the loan balances, adjusted for the weighted average remaining maturity of each portfolio. In estimating the expected credit losses for general allowances on performing risk-graded loans, each portfolio class is assigned relevant economic loss drivers which best explain variations in portfolio net loss rates. The probability of default estimates for each portfolio class are adjusted for current and forecasted economic conditions. The result is applied to the exposure at default and loss given default to calculate the lifetime expected credit loss estimate. Selection of relevant economic loss drivers is re-evaluated periodically and involves statistical analysis as well as management judgment. The unemployment rate factors significantly in the allowance for loan losses calculation, affecting commercial and loans to individuals segments. Other primary factors impacting the commercial portfolio include BBB corporate spreads, real gross domestic product growth rate, and energy commodity prices. The primary commercial real estate variables are vacancy rate and BBB corporate spreads. In addition to the unemployment rate, the forecast for loans to individuals is tied to a home price index. The forecasts may include regional economic factors when localized conditions diverge from national conditions. An Economic Forecast Committee, consisting of senior management with members largely independent of the allowance process develops a twelve-month forward-looking forecast for the relevant economic loss drivers. Management develops these forecasts based on external data as well as a view of future economic conditions which may include adjustments for regional conditions. The forecast includes three economic scenarios and probability weights for each scenario. The base forecast represents management's view of the most likely outcome, while the downside forecast reflects reasonably possible worsening economic conditions, and the upside forecast projects reasonably possible improving conditions. At the end of the one-year reasonable and supportable forecast period, we transition from shorter-term expected losses to long-term loss averages for the loan's estimated remaining life. The difference between short-term loss forecasts and long-term loss averages is run-off over the reversion horizon, up to three years, depending on the forecasted economic scenarios. General allowances also consider the estimated impact of factors that are not captured in the modeled results or historical experience. These factors may increase or decrease modeled results by amounts determined by the Allowance Committee. Factors not captured in modeled results or historical experience may include for example, new lines of business, market conditions that have not been previously encountered, observed changes in credit risk that are not yet reflected in macro-economic factors, or economic conditions that impact loss given default assumptions. The accrual for off-balance sheet credit risk is maintained at a level that is appropriate to cover estimated losses associated with credit instruments that are not currently recognized as assets such as loan commitments, standby letters of credit or guarantees that are not unconditionally cancelable by the bank. This accrual is included in other liabilities in the Consolidated Balance Sheets. The appropriateness of the accrual is determined in the same manner as the allowance for loan losses, with the added consideration of commitment usage over the remaining life for those loans that the bank can not unconditionally cancel. |
Revenue [Policy Text Block] | Fees and commissions revenue is generated through the sales of products, consisting primarily of financial instruments, and the performance of services for customers under contractual obligations. Revenue from providing services for customers is recognized at the time services are provided in an amount that reflects the consideration we expect to be entitled to for those services. Revenue is recognized based on the application of five steps: • Identify the contract with a customer • Identify the performance obligations in the contract • Determine the transaction price • Allocate the transaction price to the performance obligations in the contract • Recognize revenue when (or as) the Company satisfies a performance obligation For contracts with multiple performance obligations, individual performance obligations are accounted for separately if the customer can benefit from the good or service on its own or with other resources readily available to the customer, and the promise to transfer goods and services to the customer is separately identifiable in the contract. The transaction price is allocated to the performance obligations based on relative standalone selling prices. Revenue is recognized on a gross basis whenever we have primary responsibility and risk in providing the services or products to our customers and have discretion in establishing the price for the services or products. Revenue is recognized on a net basis whenever we act as an agent for products or services of others. Brokerage and trading revenue includes revenues from trading, customer hedging, retail brokerage and investment banking. Trading revenue includes net realized and unrealized gains primarily related to sales of securities to institutional customers and related derivative contracts. Customer hedging revenue includes realized and unrealized changes in the fair value of derivative contracts held for customer risk management programs including credit valuation adjustments, as necessary. We offer commodity, interest rate, foreign exchange and equity derivatives to our customers. These customer contracts are offset with contracts with selected counterparties and exchanges to minimize changes in market risk from changes in commodity prices, interest rates or foreign exchange rates. Retail brokerage revenue represents fees and commissions earned on sales of fixed income securities, annuities, mutual funds and other financial instruments to retail customers. Investment banking revenue includes fees earned upon completion of underwriting and financial advisory services. Investment banking revenue also includes fees earned in conjunction with loan syndications. Insurance brokerage revenues represents fees and commissions earned on placement of insurance products with carriers for property and casualty and health coverage. Transaction card revenue includes merchant discount fees and electronic funds transfer network fees, net of interchange fees paid to card issuers and assessments paid to card networks. Merchant discount fees represent fees paid by customers for account management and electronic processing of card transactions. Merchant discount fees are recognized at the time the customer's transactions are processed or other services are performed. The Company also maintains the TransFund electronic funds transfer network for the benefit of its members, which includes the Bank. Electronic funds transfer fees are recognized as electronic transactions processed on behalf of its members. Fiduciary and asset management revenue includes fees from asset management, custody, recordkeeping, investment advisory and administration services. Revenue is recognized on an accrual basis at the time the services are performed and may be based on either the fair value of the account or the service provided. Deposit service charges and fees include commercial account service charges, overdraft fees, check card fee revenue and automated service charge and other deposit service fees. Fees are recognized at least quarterly in accordance with published deposit account agreements and disclosure statements for retail accounts or contractual agreements for commercial accounts. Item charges for overdraft or non-sufficient funds items are recognized as items are presented for payment. Account balance charges and activity fees are accrued monthly and collected in arrears. Commercial account activity fees may be offset by an earnings credit based on account balances. Check card fees represent interchange fees paid by a merchant bank for transactions processed from cards issued by the Company. Check card fees are recognized when transactions are processed. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives, Policy [Policy Text Block] | Derivative instruments may be used by the Company as part of its internal risk management programs or may be offered to customers. All derivative instruments are carried at fair value, and changes in fair value are reported in earnings as they occur. Credit risk is also considered in determining fair value. Deterioration in the credit rating of customer or other counterparties reduce the fair value of asset contracts. Deterioration of our credit rating could decrease the fair value of our derivative liabilities. When bilateral netting agreements or similar arrangements exist between the Company and its counterparties that create a single legal claim or obligation to pay or receive the net amount in settlement of the individual derivative contracts, the Company reports derivative assets and liabilities on a net by derivative contract type by counterparty basis. Derivative contracts may require the Company to provide or receive cash margin as collateral for derivative assets and liabilities. Derivative assets and liabilities are reported net of cash margin when certain conditions are met. In addition, derivative contracts executed with customers under Customer Risk Management Programs may be secured by non-cash collateral in conjunction with a credit agreement with that customer. Access to collateral in the event of default is reasonably assured. None of these derivative contracts have been designated as hedging instruments for accounting purposes. Customer Risk Management Programs BOK Financial offers programs to permit its customers to manage various risks, including fluctuations in energy, cattle and other agricultural products, interest rates and foreign exchange rates with derivative contracts. Customers may also manage interest rate risk through interest rate swaps used by borrowers to modify interest rate terms of their loans. Derivative contracts are executed between the customers and BOK Financial. Offsetting contracts are executed between BOK Financial and other selected counterparties to minimize the risk of changes in commodity prices, interest rates or foreign exchange rates. The counterparty contracts are identical to customer contracts, except for a fixed pricing spread or fee paid to BOK Financial as profit and compensation for administrative costs and credit risk which is recognized over the life of the contracts and included in Other operating revenue – Brokerage and trading revenue in the Consolidated Statements of Earnings. Trading BOK Financial may offer derivative instruments such as to-be-announced securities to mortgage banking customers to enable them to manage their market risk or to mitigate the Company's market risk of holding trading securities. Changes in the fair value of derivative instruments for trading purposes or used to mitigate the market risk of holding trading securities are included in Other operating revenue – Brokerage and trading revenue. Internal Risk Management Programs BOK Financial may use derivative contracts in managing its interest rate sensitivity, as part of its economic hedge of the change in the fair value of mortgage servicing rights. Changes in the fair value of derivative instruments used in managing interest rate sensitivity and as part of the economic hedge of changes in the fair value of mortgage servicing rights are included in Other operating revenue – Gain (loss) on derivatives, net in the Consolidated Statements of Earnings. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Marketable Securities [Abstract] | |
Trading Securities, [Table Text Block] | The fair value and net unrealized gain (loss) included in trading securities are as follows (in thousands): March 31, 2023 December 31, 2022 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) U.S. government securities $ 5,618 $ (6) $ 9,823 $ (16) Residential agency mortgage-backed securities 2,210,721 12,289 4,406,848 4 Municipal securities 37,455 45 21,484 (136) Asset-backed securities 10,194 10 — — Other trading securities 30,370 228 26,006 (175) Total trading securities $ 2,294,358 $ 12,566 $ 4,464,161 $ (323) |
Investment Securities (Held-to-Maturity) [Table Text Block] | The amortized cost and fair values of investment securities are as follows (in thousands): March 31, 2023 Amortized Carrying Fair Gross Unrealized Cost Value 1 Value Gain Loss Municipal securities $ 153,739 $ 153,739 $ 160,866 $ 7,321 $ (194) Mortgage-backed securities: Residential agency 2,472,291 2,264,922 2,118,538 163 (146,547) Commercial agency 17,259 15,684 14,861 — (823) Other debt securities 14,288 14,288 13,421 — (867) Total investment securities 2,657,577 2,448,633 2,307,686 7,484 (148,431) Allowance for credit losses (497) (497) — — — Investment securities, net of allowance $ 2,657,080 $ 2,448,136 $ 2,307,686 $ 7,484 $ (148,431) 1 Carrying value includes $209 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. December 31, 2022 Amortized Carrying Fair Gross Unrealized Cost Value 1 Value Gain Loss Municipal securities $ 170,629 $ 170,629 $ 176,621 $ 6,456 $ (464) Mortgage-backed securities: Residential agency 2,538,565 2,315,219 2,143,360 155 (172,014) Commercial agency 17,259 15,609 14,588 — (1,021) Other debt securities 12,788 12,788 12,199 — (589) Total investment securities 2,739,241 2,514,245 2,346,768 6,611 (174,088) Allowance for credit losses (558) (558) — — — Investment securities, net of allowance $ 2,738,683 $ 2,513,687 $ 2,346,768 $ 6,611 $ (174,088) 1 Carrying value includes $225 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. The amortized cost and fair values of investment securities at March 31, 2023, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Carrying value $ 24,634 $ 92,723 $ 66,341 $ 13 $ 183,711 3.94 Fair value 24,917 99,241 64,977 13 189,148 Residential mortgage-backed securities: Carrying value $ 2,264,922 2 Fair value 2,118,538 Total investment securities: Carrying value $ 2,448,633 Fair value 2,307,686 1 Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 5.3 years years based upon current prepayment assumptions. Temporarily Impaired Investment Securities (dollars in thousands): March 31, 2023 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 9 $ — $ — $ 6,594 $ 194 $ 6,594 $ 194 Mortgage-backed securities: Residential agency 116 2,115,733 146,464 1,599 83 2,117,332 146,547 Commercial agency 2 14,861 823 — — 14,861 823 Other debt securities 3 9,153 847 255 20 9,408 867 Total investment securities 130 $ 2,139,747 $ 148,134 $ 8,448 $ 297 $ 2,148,195 $ 148,431 December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Investment: Municipal securities 22 $ 18,037 $ 406 $ 544 $ 58 $ 18,581 $ 464 Mortgage-backed securities: Residential agency 116 2,142,114 172,014 — — 2,142,114 172,014 Commercial agency 2 14,588 1,021 — — 14,588 1,021 Other debt securities 3 9,428 571 257 18 9,685 589 Total investment securities 143 $ 2,184,167 $ 174,012 $ 801 $ 76 $ 2,184,968 $ 174,088 |
Available For Sale Securities [Table Text Block] | The amortized cost and fair value of available for sale securities are as follows (in thousands): March 31, 2023 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,000 $ 914 $ — $ (86) Municipal securities 685,963 634,207 1,338 (53,094) Mortgage-backed securities: Residential agency 6,311,728 6,022,708 15,379 (304,399) Residential non-agency 690,345 651,351 11,271 (50,265) Commercial agency 4,989,813 4,628,188 5,738 (367,363) Other debt securities 500 473 — (27) Total available for sale securities $ 12,679,349 $ 11,937,841 $ 33,726 $ (775,234) December 31, 2022 Amortized Fair Gross Unrealized Cost Value Gain Loss U.S. Treasury $ 1,000 $ 898 $ — $ (102) Municipal securities 687,875 624,500 321 (63,696) Mortgage-backed securities: Residential agency 6,161,358 5,814,496 13,085 (359,947) Residential non-agency 616,423 577,576 11,776 (50,623) Commercial agency 4,892,257 4,475,917 3,479 (419,819) Other debt securities 500 473 — (27) Total available for sale securities $ 12,359,413 $ 11,493,860 $ 28,661 $ (894,214) The amortized cost and fair values of available for sale securities at March 31, 2023, by contractual maturity, are as shown in the following table (dollars in thousands): Less than One to Six to Over Total Weighted Average Maturity 1 Fixed maturity debt securities: Amortized cost $ 148,742 $ 2,665,838 $ 2,360,090 $ 502,606 $ 5,677,276 5.82 Fair value 146,996 2,510,112 2,131,783 474,891 5,263,782 Residential mortgage-backed securities: Amortized cost $ 7,002,073 2 Fair value 6,674,059 Total available for sale securities: Amortized cost $ 12,679,349 Fair value 11,937,841 1 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty. 2 The average expected lives of residential mortgage-backed securities were 4.4 years years based upon current prepayment assumptions. Sales of available for sale securities resulted in gains and losses as follows (in thousands): Three Months Ended 2023 2022 Proceeds $ — $ 55,185 Gross realized gains — 1,933 Gross realized losses — (996) Related federal and state income tax expense — 219 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block] | March 31, 2023 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ — $ — $ 914 $ 86 $ 914 $ 86 Municipal securities 215 61,983 767 487,032 52,327 549,015 53,094 Mortgage-backed securities: Residential agency 618 1,531,016 37,020 3,240,193 267,379 4,771,209 304,399 Residential non-agency 30 230,541 8,648 343,580 41,617 574,121 50,265 Commercial agency 288 824,751 14,313 3,413,042 353,050 4,237,793 367,363 Other debt securities 1 — — 473 27 473 27 Total available for sale securities 1,153 $ 2,648,291 $ 60,748 $ 7,485,234 $ 714,486 $ 10,133,525 $ 775,234 December 31, 2022 Number of Securities Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Available for sale: U.S. Treasury 1 $ — $ — $ 899 $ 102 $ 899 $ 102 Municipal securities 227 146,634 5,301 428,248 58,395 574,882 63,696 Mortgage-backed securities: Residential agency 613 3,879,582 256,973 863,732 102,974 4,743,314 359,947 Residential non-agency 26 499,716 50,623 — — 499,716 50,623 Commercial agency 285 1,647,778 63,701 2,535,816 356,118 4,183,594 419,819 Other debt securities 1 — — 473 27 473 27 Total available for sale securities 1,153 $ 6,173,710 $ 376,598 $ 3,829,168 $ 517,616 $ 10,002,878 $ 894,214 |
Fair Value Option Securities [Table Text Block] | The fair value and net unrealized gain (loss) included in fair value option securities is as follows (in thousands): March 31, 2023 December 31, 2022 Fair Value Net Unrealized Gain (Loss) Fair Value Net Unrealized Gain (Loss) U.S. Treasury $ 106,307 $ 359 $ — $ — Residential agency mortgage-backed securities 220,083 250 296,590 338 Total $ 326,390 $ 609 $ 296,590 $ 338 |
Derivatives (Tables)
Derivatives (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Derivative Instrument Detail [Abstract] | |
Derivative Contracts [Table Text Block] | The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at March 31, 2023 (in thousands): Assets Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,691,550 $ 121,481 $ (3,303) $ 118,178 $ (98,143) $ 20,035 Energy contracts 7,456,604 988,149 (592,276) 395,873 (121,612) 274,261 Foreign exchange contracts 59,321 57,431 — 57,431 (1,560) 55,871 Equity option contracts 12,286 116 — 116 (95) 21 Total customer risk management programs 10,219,761 1,167,177 (595,579) 571,598 (221,410) 350,188 Trading 14,507,221 87,395 (45,420) 41,975 (1,439) 40,536 Internal risk management programs 165,207 5,253 (1,686) 3,567 — 3,567 Total derivative contracts $ 24,892,189 $ 1,259,825 $ (642,685) $ 617,140 $ (222,849) $ 394,291 Liabilities Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,691,550 $ 121,040 $ (3,303) $ 117,737 $ — $ 117,737 Energy contracts 7,564,737 997,077 (592,276) 404,801 (80,146) 324,655 Foreign exchange contracts 57,909 55,828 — 55,828 — 55,828 Equity option contracts 12,286 116 — 116 — 116 Total customer risk management programs 10,326,482 1,174,061 (595,579) 578,482 (80,146) 498,336 Trading 16,042,176 116,109 (45,420) 70,689 (59,941) 10,748 Internal risk management programs 135,415 3,085 (1,686) 1,399 — 1,399 Total derivative contracts $ 26,504,073 $ 1,293,255 $ (642,685) $ 650,570 $ (140,087) $ 510,483 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. The following table summarizes the fair values of derivative contracts recorded as "derivative contracts" assets and liabilities in the balance sheet at December 31, 2022 (in thousands): Assets Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,629,318 $ 158,825 $ — $ 158,825 $ (114,955) $ 43,870 Energy contracts 7,918,020 1,232,283 (594,543) 637,740 (67,024) 570,716 Foreign exchange contracts 219,791 216,569 — 216,569 — 216,569 Equity option contracts 21,102 193 — 193 (109) 84 Total customer risk management programs 10,788,231 1,607,870 (594,543) 1,013,327 (182,088) 831,239 Trading 17,400,037 126,910 (74,647) 52,263 (4,646) 47,617 Internal risk management programs 85,000 1,500 (13) 1,487 — 1,487 Total derivative contracts $ 28,273,268 $ 1,736,280 $ (669,203) $ 1,067,077 $ (186,734) $ 880,343 Liabilities Notional 1 Gross Fair Value Netting Adjustments Net Fair Value Before Cash Collateral Cash Collateral Fair Value Net of Cash Collateral Customer risk management programs: Interest rate contracts $ 2,629,122 $ 158,816 $ — $ 158,816 $ — $ 158,816 Energy contracts 8,696,060 1,242,058 (594,543) 647,515 (484,319) 163,196 Foreign exchange contracts 214,855 211,233 — 211,233 (7) 211,226 Equity option contracts 21,102 193 — 193 — 193 Total customer risk management programs 11,561,139 1,612,300 (594,543) 1,017,757 (484,326) 533,431 Trading 14,038,906 94,958 (74,647) 20,311 (423) 19,888 Internal risk management programs 178,806 1,594 (13) 1,581 — 1,581 Total derivative contracts $ 25,778,851 $ 1,708,852 $ (669,203) $ 1,039,649 $ (484,749) $ 554,900 1 Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. |
Derivative Instruments, Gain (Loss) in Statement of Earnings [Table Text Block] | The following summarizes the pre-tax net gains (losses) on derivative instruments and where they are recorded in the income statement (in thousands): Three Months Ended March 31, 2023 March 31, 2022 Brokerage Gain (Loss) on Derivatives, Net Brokerage Gain (Loss) on Derivatives, Net Customer risk management programs: Interest rate contracts $ 1,770 $ — $ 6,342 $ — Energy contracts 6,553 — 4,449 — Foreign exchange contracts 31 — 148 — Equity option contracts — — — — Total customer risk management programs 8,354 — 10,939 — Trading 1 (63,093) — 31,074 — Internal risk management programs — (1,344) — (46,981) Total derivative contracts $ (54,739) $ (1,344) $ 42,013 $ (46,981) 1 Represents changes in fair value of to-be-announced securities and other derivative instruments held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and Trading Revenue in the Consolidated Statements of Earnings. |
Loans and Allowances for Cred_2
Loans and Allowances for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Loans and Leases Receivable, Net Amount [Abstract] | |
Schedule of Loans by Portfolio Segment [Table Text Block] | Portfolio segments of the loan portfolio are as follows (in thousands): March 31, 2023 December 31, 2022 Fixed Variable Non-accrual Total Fixed Variable Non-accrual Total Commercial $ 3,427,345 $ 10,735,572 $ 54,432 $ 14,217,349 $ 3,392,422 $ 10,759,780 $ 60,297 $ 14,212,499 Commercial real estate 879,806 3,913,842 21,668 4,815,316 874,716 3,715,491 16,570 4,606,777 Loans to individuals 2,125,020 1,548,173 44,195 3,717,388 2,099,165 1,593,779 44,930 3,737,874 Total $ 6,432,171 $ 16,197,587 $ 120,295 $ 22,750,053 $ 6,366,303 $ 16,069,050 $ 121,797 $ 22,557,150 |
Rollforward of Allowance For Loan Losses And Accrual for Off-Balance Sheet Credit Losses [Table Text Block] | The activity in the allowance for loan losses and the allowance for off-balance sheet credit losses related to loan commitments and standby letters of credit is summarized as follows (in thousands): Three Months Ended March 31, 2023 Commercial Commercial Real Estate Loans to Individuals Total Allowance for loan losses: Beginning balance $ 131,586 $ 57,648 $ 46,470 $ 235,704 Provision for loan losses 6,330 10,426 (2,231) 14,525 Loans charged off (12) (2,208) (1,447) (3,667) Recoveries of loans previously charged off 1,994 137 767 2,898 Ending balance $ 139,898 $ 66,003 $ 43,559 $ 249,460 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 18,246 $ 40,490 $ 2,183 $ 60,919 Provision for off-balance sheet credit risk 2,362 (279) (59) 2,024 Ending balance $ 20,608 $ 40,211 $ 2,124 $ 62,943 Three Months Ended March 31, 2022 Commercial Commercial Real Estate Loans to Individuals Total Allowance for loan losses: Beginning balance $ 162,056 $ 58,553 $ 35,812 $ 256,421 Provision for loan losses (5,118) 468 683 (3,967) Loans charged off (6,081) (191) (1,533) (7,805) Recoveries of loans previously charged off 591 144 1,089 1,824 Ending balance $ 151,448 $ 58,974 $ 36,051 $ 246,473 Allowance for off-balance sheet credit risk from unfunded loan commitments: Beginning balance $ 13,812 $ 17,442 $ 1,723 $ 32,977 Provision for off-balance sheet credit risk 154 3,023 91 3,268 Ending balance $ 13,966 $ 20,465 $ 1,814 $ 36,245 A $16.0 million provision for credit losses was necessary for the first quarter of 2023, as key economic assumptions in the base case, including projected WTI oil prices and commercial real estate vacancy rates, were less favorable to economic growth. The allowance for loan losses and recorded investment of the related loans by portfolio segment for each measurement method at March 31, 2023 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 14,162,917 $ 137,415 $ 54,432 $ 2,483 $ 14,217,349 $ 139,898 Commercial real estate 4,793,648 64,453 21,668 1,550 4,815,316 66,003 Loans to individuals 3,673,193 43,559 44,195 — 3,717,388 43,559 Total $ 22,629,758 $ 245,427 $ 120,295 $ 4,033 $ 22,750,053 $ 249,460 The allowance for loan losses and recorded investment of the related loans by portfolio segment for each measurement method at December 31, 2022 is as follows (in thousands): Collectively Measured Individually Measured Total Recorded Investment Related Allowance Recorded Investment Related Allowance Recorded Investment Related Commercial $ 14,152,202 $ 127,566 $ 60,297 $ 4,020 $ 14,212,499 $ 131,586 Commercial real estate 4,590,207 56,098 16,570 1,550 4,606,777 57,648 Loans to individuals 3,692,944 46,470 44,930 — 3,737,874 46,470 Total $ 22,435,353 $ 230,134 $ 121,797 $ 5,570 $ 22,557,150 $ 235,704 |
Schedule of Credit Quality Indicators [Table Text Block] | The following table summarizes the Company’s loan portfolio at March 31, 2023 by the risk grade categories and vintage (in thousands): Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Energy Pass $ 12,973 $ 146,448 $ 66,052 $ 8,865 $ 11,301 $ 11,408 $ 3,119,103 $ — $ 3,376,150 Accruing Substandard — — — — 658 1,060 20,062 — 21,780 Nonaccrual — — — — — 127 — — 127 Total energy 12,973 146,448 66,052 8,865 11,959 12,595 3,139,165 — 3,398,057 Loans charged-off, year-to-date — — — — — — — — — Healthcare Pass 175,703 876,440 615,643 479,575 386,837 1,027,229 220,992 19 3,782,438 Special Mention — — 204 429 21,767 45,663 60 — 68,123 Accruing Substandard — — — 2,178 1,456 7,899 — — 11,533 Nonaccrual — — — — 26,137 11,110 — — 37,247 Total healthcare 175,703 876,440 615,847 482,182 436,197 1,091,901 221,052 19 3,899,341 Loans charged-off, year-to-date — — — — — — — — — Services Pass 216,237 759,320 470,813 275,065 171,904 805,240 799,522 506 3,498,607 Special Mention — 19,077 1,365 219 672 2,521 6,246 — 30,100 Accruing Substandard — 397 86 — 2,232 2,599 21,499 84 26,897 Nonaccrual — — 5,281 376 — — 2,441 — 8,098 Total services 216,237 778,794 477,545 275,660 174,808 810,360 829,708 590 3,563,702 Loans charged-off, year-to-date — — — — — — 5 — 5 General business Pass 288,367 607,548 320,451 162,810 147,988 355,227 1,336,404 2,193 3,220,988 Special Mention — 7,515 8,200 87 70 1,762 31,903 25 49,562 Accruing Substandard 5,516 38,443 6,841 56 4,013 7,940 13,929 — 76,738 Nonaccrual — — — 1,030 14 68 7,842 7 8,961 Total general business 293,883 653,506 335,492 163,983 152,085 364,997 1,390,078 2,225 3,356,249 Loans charged-off, year-to-date — — — — — 3 — 4 7 Total commercial 698,796 2,455,188 1,494,936 930,690 775,049 2,279,853 5,580,003 2,834 14,217,349 Origination Year 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial real estate: Pass 46,900 1,383,300 1,187,644 540,129 644,511 832,101 148,063 — 4,782,648 Special Mention — — — — — 11,000 — — 11,000 Nonaccrual — — — — 7,459 14,209 — — 21,668 Total commercial real estate 46,900 1,383,300 1,187,644 540,129 651,970 857,310 148,063 — 4,815,316 Loans charged-off, year-to-date — — — — — 2,208 — — 2,208 Loans to individuals: Residential mortgage Pass 71,000 348,697 371,044 380,908 61,409 285,877 351,428 21,242 1,891,605 Special Mention — 68 — 1,355 — 309 2,843 — 4,575 Accruing Substandard — — — — — 7 147 — 154 Nonaccrual — 1,184 1,738 2,851 649 20,547 1,994 730 29,693 Total residential mortgage 71,000 349,949 372,782 385,114 62,058 306,740 356,412 21,972 1,926,027 Loans charged-off, year-to-date — — — — — 4 — 1 5 Residential mortgage guaranteed by U.S. government agencies Pass — 1,021 2,321 7,321 8,963 190,825 — — 210,451 Nonaccrual — — — 299 1,005 12,998 — — 14,302 Total residential mortgage guaranteed by U.S. government agencies — 1,021 2,321 7,620 9,968 203,823 — — 224,753 Personal: Pass 24,231 236,041 190,370 156,515 181,332 220,604 550,478 253 1,559,824 Special Mention — 115 109 47 2 — 6,055 39 6,367 Accruing Substandard — 17 40 — 160 — — — 217 Nonaccrual — 69 5 10 19 19 78 — 200 Total personal 24,231 236,242 190,524 156,572 181,513 220,623 556,611 292 1,566,608 Loans charged-off, year-to-date — — — — — 1,437 1 4 1,442 Total loans to individuals 95,231 587,212 565,627 549,306 253,539 731,186 913,023 22,264 3,717,388 Total loans $ 840,927 $ 4,425,700 $ 3,248,207 $ 2,020,125 $ 1,680,558 $ 3,868,349 $ 6,641,089 $ 25,098 $ 22,750,053 The following table summarizes the Company's loan portfolio at December 31, 2022 by the risk grade categories and vintage (in thousands): Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Commercial: Energy Pass $ 157,745 $ 76,951 $ 30,284 $ 12,783 $ 5,992 $ 4,980 $ 3,104,906 $ — $ 3,393,641 Special Mention — — — — — — — — — Accruing Substandard — — — 664 385 683 28,018 — 29,750 Nonaccrual — — — — — 159 1,240 — 1,399 Total energy 157,745 76,951 30,284 13,447 6,377 5,822 3,134,164 — 3,424,790 Healthcare Pass 932,097 604,886 476,854 404,204 464,989 618,163 245,898 20 3,747,111 Special Mention — — — 20,071 — 18,859 4 — 38,934 Accruing Substandard — — — — — 14,304 3,634 — 17,938 Nonaccrual — — — 26,480 6,373 8,181 — — 41,034 Total healthcare 932,097 604,886 476,854 450,755 471,362 659,507 249,536 20 3,845,017 Services Pass 821,785 496,510 286,085 193,481 156,736 696,300 722,371 639 3,373,907 Special Mention 502 5,139 989 771 894 1,345 8,668 — 18,308 Accruing Substandard — — — 2,459 43 2,789 17,665 122 23,078 Nonaccrual — 5,570 449 — — 2,389 7,820 — 16,228 Total services 822,287 507,219 287,523 196,711 157,673 702,823 756,524 761 3,431,521 General business Pass 725,894 361,839 198,274 172,878 139,140 283,694 1,570,536 2,329 3,454,584 Special Mention 17,759 13,065 208 71 7 2,291 7,094 26 40,521 Accruing Substandard — 2,169 66 4,130 4,680 3,287 94 4 14,430 Nonaccrual — — 1,052 14 72 5 485 8 1,636 Total general business 743,653 377,073 199,600 177,093 143,899 289,277 1,578,209 2,367 3,511,171 Total commercial 2,655,782 1,566,129 994,261 838,006 779,311 1,657,429 5,718,433 3,148 14,212,499 Commercial real estate: Pass 1,188,483 1,158,002 552,616 641,102 247,625 633,304 161,616 — 4,582,748 Special Mention — — — — — — — — — Accruing Substandard — — — 7,459 — — — — 7,459 Nonaccrual — — — — — 16,570 — — 16,570 Total commercial real estate 1,188,483 1,158,002 552,616 648,561 247,625 649,874 161,616 — 4,606,777 Origination Year 2022 2021 2020 2019 2018 Prior Revolving Loans Revolving Loans Converted to Term Loans Total Loans to individuals: Residential mortgage Pass 354,497 373,190 393,002 63,142 40,525 260,625 352,126 22,176 1,859,283 Special Mention — 81 42 — 142 388 527 87 1,267 Accruing Substandard — — 187 — — 138 117 1 443 Nonaccrual 32 1,656 2,717 362 1,904 20,139 2,216 765 29,791 Total residential mortgage 354,529 374,927 395,948 63,504 42,571 281,290 354,986 23,029 1,890,784 Residential mortgage guaranteed by U.S. government agencies Pass 289 2,254 9,000 10,722 17,244 191,426 — — 230,935 Nonaccrual — — 299 1,460 2,319 10,927 — — 15,005 Total residential mortgage guaranteed by U.S. government agencies 289 2,254 9,299 12,182 19,563 202,353 — — 245,940 Personal: Pass 254,497 193,095 154,887 172,114 68,871 201,278 549,187 332 1,594,261 Special Mention 47 28 40 12 17 — 6,003 4 6,151 Accruing Substandard — 444 — 160 — — — — 604 Nonaccrual 38 7 12 22 14 18 23 — 134 Total personal 254,582 193,574 154,939 172,308 68,902 201,296 555,213 336 1,601,150 Total loans to individuals 609,400 570,755 560,186 247,994 131,036 684,939 910,199 23,365 3,737,874 Total loans $ 4,453,665 $ 3,294,886 $ 2,107,063 $ 1,734,561 $ 1,157,972 $ 2,992,242 $ 6,790,248 $ 26,513 $ 22,557,150 |
Financing Receivable, Nonaccrual [Table Text Block] | A summary of nonaccruing loans at March 31, 2023 follows (in thousands): As of March 31, 2023 Total With No With Allowance Related Allowance Commercial: Energy $ 127 $ 127 $ — $ — Healthcare 37,247 37,247 — — Services 8,097 387 7,710 2,483 General business 8,961 8,961 — — Total commercial 54,432 46,722 7,710 2,483 Commercial real estate 21,668 7,628 14,040 1,550 Loans to individuals: Residential mortgage 29,693 29,693 — — Residential mortgage guaranteed by U.S. government agencies 14,302 14,302 — — Personal 200 200 — — Total loans to individuals 44,195 44,195 — — Total $ 120,295 $ 98,545 $ 21,750 $ 4,033 A summary of nonaccruing loans at December 31, 2022 follows (in thousands): As of December 31, 2022 Total With No With Allowance Related Allowance Commercial: Energy $ 1,399 $ 1,399 $ — $ — Healthcare 41,034 34,661 6,373 946 Services 16,228 7,835 8,393 3,074 General business 1,636 1,636 — — Total commercial 60,297 45,531 14,766 4,020 Commercial real estate 16,570 393 16,177 1,550 Loans to individuals: Residential mortgage 29,791 29,791 — — Residential mortgage guaranteed by U.S. government agencies 15,005 15,005 — — Personal 134 134 — — Total loans to individuals 44,930 44,930 — — Total $ 121,797 $ 90,854 $ 30,943 $ 5,570 |
Summary of Loans by Aging Status [Table Text Block] | A summary of loans currently performing and past due as of March 31, 2023 is as follows (in thousands): Past Due Past Due 90 Days or More and Accruing Current 30 to 59 60 to 89 Days 90 Days Total Commercial: Energy $ 3,398,057 $ — $ — $ — $ 3,398,057 $ — Healthcare 3,866,921 — — 32,420 3,899,341 45 Services 3,556,753 6,844 45 60 3,563,702 — General business 3,355,731 492 17 9 3,356,249 9 Total commercial 14,177,462 7,336 62 32,489 14,217,349 54 Commercial real estate 4,806,306 8,965 45 — 4,815,316 — Loans to individuals: Residential mortgage 1,910,799 8,315 363 6,550 1,926,027 22 Residential mortgage guaranteed by U.S. government agencies 103,992 48,833 — 71,928 224,753 64,980 Personal 1,565,875 567 143 23 1,566,608 — Total loans to individuals 3,580,666 57,715 506 78,501 3,717,388 65,002 Total $ 22,564,434 $ 74,016 $ 613 $ 110,990 $ 22,750,053 $ 65,056 A summary of loans currently performing and past due as of December 31, 2022 is as follows (in thousands): Past Due Past Due 90 Days or More and Accruing Current 30 to 59 60 to 89 Days 90 Days Total Commercial: Energy $ 3,424,766 $ 24 $ — $ — $ 3,424,790 $ — Healthcare 3,812,164 5,914 26,480 459 3,845,017 — Services 3,423,042 1,060 2,461 4,958 3,431,521 — General business 3,509,094 257 1,424 396 3,511,171 396 Total commercial 14,169,066 7,255 30,365 5,813 14,212,499 396 Commercial real estate 4,606,029 531 — 217 4,606,777 — Loans to individuals: Residential mortgage 1,872,155 10,632 1,828 6,169 1,890,784 114 Residential mortgage guaranteed by U.S. government agencies 108,019 36,119 19,400 82,402 245,940 75,604 Personal 1,600,595 502 21 32 1,601,150 — Total loans to individuals 3,580,769 47,253 21,249 88,603 3,737,874 75,718 Total $ 22,355,864 $ 55,039 $ 51,614 $ 94,633 $ 22,557,150 $ 76,114 |
Mortgage Banking Activities (Ta
Mortgage Banking Activities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Mortgage Banking [Abstract] | |
Components of Residential Mortgage Loans Held For Sale [Table Text Block] | March 31, 2023 December 31, 2022 Unpaid Principal Balance/ Fair Value Unpaid Principal Balance/ Fair Value Residential mortgage loans held for sale $ 72,746 $ 72,113 $ 74,941 $ 73,938 Residential mortgage loan commitments 71,693 2,694 45,492 1,054 Forward sales contracts 127,427 (632) 109,469 280 $ 74,175 $ 75,272 |
Mortgage Banking Revenue [Table Text Block] | Mortgage banking revenue was as follows (in thousands): Three Months Ended 2023 2022 Production revenue: Net realized gains (losses) on sale of mortgage loans $ (1,731) $ 6,883 Net change in unrealized gain (loss) on mortgage loans held for sale 370 (5,827) Net change in the fair value of mortgage loan commitments 1,640 (3,298) Net change in the fair value of forward sales contracts (912) 7,297 Total production revenue (633) 5,055 Servicing revenue 15,000 11,595 Total mortgage banking revenue $ 14,367 $ 16,650 |
Summary of Mortgage Servicing Rights [Table Text Block] | The following represents a summary of mortgage servicing rights (dollars in thousands): March 31, 2023 December 31, 2022 Number of residential mortgage loans serviced for others 118,303 110,541 Outstanding principal balance of residential mortgage loans serviced for others $ 21,009,762 $ 18,863,201 Weighted average interest rate 3.55 % 3.59 % Remaining term (in months) 285 283 |
Activity in Capitalized Mortgage Servicing Rights [Table Text Block] | The following represents activity in capitalized mortgage servicing rights (in thousands) Three Months Ended March 31, 2023 2022 Beginning Balance $ 277,608 $ 163,198 Additions 2,500 5,215 Acquisitions 31,138 — Change in fair value due to principal payments (5,384) (7,960) Change in fair value due to market assumption changes (6,059) 49,110 Ending Balance $ 299,803 $ 209,563 |
Assumptions to Value Mortgage Servicing Rights [Table Text Block] | Mortgage servicing rights are not traded in active markets. Fair value is determined by discounting the projected net cash flows. Significant market assumptions used to determine fair value based on significant unobservable inputs were as follows: March 31, 2023 December 31, 2022 Discount rate – risk-free rate plus a market premium 8.95% 9.51% Prepayment rate - based upon loan interest rate, original term and loan type 7.43% 7.54% Loan servicing costs – annually per loan based upon loan type: Performing loans $69 - $94 $69 - $94 Delinquent loans $150 - $500 $150 - $500 Loans in foreclosure $875 - $8,000 $875 - $8,000 Escrow earnings rate – indexed to rates paid on deposit accounts with comparable average life 3.66% 4.06% Primary/secondary mortgage rate spread 105 bps 105 bps Delinquency rate 1.40% 2.33% |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Stockholders' Equity Note [Abstract] | |
Accumulated Other Comprehensive Income (Loss) [Table Text Block] | A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands): Unrealized Gain (Loss) on Available for Sale Securities Investment Securities Transferred from AFS Employee Benefit Plans Total Balance, Dec. 31, 2021 $ 69,775 $ — $ 2,596 $ 72,371 Net change in unrealized gain (loss) (639,041) — — (639,041) Reclassification adjustments included in earnings: Gain on available for sale securities, net (937) — — (937) Other comprehensive loss, before income taxes (639,978) — — (639,978) Federal and state income taxes (149,781) — — (149,781) Other comprehensive loss, net of income taxes (490,197) — — (490,197) Balance, March 31, 2022 $ (420,422) $ — $ 2,596 $ (417,826) Balance, Dec. 31, 2022 $ (664,618) $ (172,337) $ — $ (836,955) Net change in unrealized gain (loss) 124,045 — — 124,045 Interest revenue, Investment securities — 16,051 — 16,051 Other comprehensive loss, before income taxes 124,045 16,051 — 140,096 Federal and state income taxes 28,179 3,516 — 31,695 Other comprehensive income, net of income taxes 95,866 12,535 — 108,401 Balance, March 31, 2023 $ (568,752) $ (159,802) $ — $ (728,554) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Table Text Block] | (In thousands, except share and per share amounts) Three Months Ended March 31, 2023 2022 Numerator: Net income attributable to BOK Financial Corp. shareholders $ 162,368 $ 62,488 Less: Earnings allocated to participating securities 1,255 451 Numerator for basic earnings per share – income available to common shareholders 161,113 62,037 Effect of reallocating undistributed earnings of participating securities — — Numerator for diluted earnings per share – income available to common shareholders $ 161,113 $ 62,037 Denominator: Weighted average shares outstanding 66,849,288 68,306,107 Less: Participating securities included in weighted average shares outstanding 517,513 493,707 Denominator for basic earnings per common share 66,331,775 67,812,400 Dilutive effect of employee stock compensation plans — 1,451 Denominator for diluted earnings per common share 66,331,775 67,813,851 Basic earnings per share $ 2.43 $ 0.91 Diluted earnings per share $ 2.43 $ 0.91 |
Reportable Segments (Tables)
Reportable Segments (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Segment Reporting [Abstract] | |
Reportable Segments [Table Text Block] | Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2023 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest revenue from external sources $ 287,646 $ 21,146 $ 20,940 $ 22,616 $ 352,348 Net interest revenue (expense) from internal sources (21,101) 88,235 33,166 (100,300) — Net interest revenue (expense) 266,545 109,381 54,106 (77,684) 352,348 Net loans charged off and provision for credit losses 76 1,184 (24) 14,764 16,000 Net interest revenue after provision for credit losses 266,469 108,197 54,130 (92,448) 336,348 Other operating revenue 56,845 30,610 108,911 (18,501) 177,865 Other operating expense 73,504 50,198 82,039 100,071 305,812 Net direct contribution 249,810 88,609 81,002 (211,020) 208,401 Gain (loss) on financial instruments, net (58) (4,673) — 4,731 — Change in fair value of mortgage servicing rights — (6,059) — 6,059 — Gain (loss) on repossessed assets, net 859 14 — (873) — Corporate expense allocations 17,729 11,618 12,386 (41,733) — Net income (loss) before taxes 232,882 66,273 68,616 (159,370) 208,401 Federal and state income taxes 56,335 15,586 16,189 (42,205) 45,905 Net income (loss) 176,547 50,687 52,427 (117,165) 162,496 Net income attributable to non-controlling interests — — — 128 128 Net income (loss) attributable to BOK Financial Corp. shareholders $ 176,547 $ 50,687 $ 52,427 $ (117,293) $ 162,368 Average assets $ 28,162,934 $ 9,934,511 $ 11,663,096 $ (3,778,073) $ 45,982,468 Reportable segments reconciliation to the Consolidated Financial Statements for the three months ended March 31, 2022 is as follows (in thousands): Commercial Consumer Wealth Funds Management and Other BOK Net interest revenue from external sources $ 147,590 $ 16,915 $ 56,231 $ 47,675 $ 268,411 Net interest revenue (expense) from internal sources (10,579) 10,292 (465) 752 — Net interest revenue 137,011 27,207 55,766 48,427 268,411 Net loans charged off and provision for credit losses 5,343 1,112 (71) (6,384) — Net interest revenue after provision for credit losses 131,668 26,095 55,837 54,811 268,411 Other operating revenue 57,427 33,961 25,018 (28,550) 87,856 Other operating expense 65,114 48,789 74,620 89,095 277,618 Net direct contribution 123,981 11,267 6,235 (62,834) 78,649 Gain (loss) on financial instruments, net (204) (57,895) — 58,099 — Change in fair value of mortgage servicing rights — 49,110 — (49,110) — Gain (loss) on repossessed assets, net 1,793 45 — (1,838) — Corporate expense allocations 16,246 12,080 12,071 (40,397) — Net income before taxes 109,324 (9,553) (5,836) (15,286) 78,649 Federal and state income taxes 26,980 (2,236) (1,315) (7,232) 16,197 Net income 82,344 (7,317) (4,521) (8,054) 62,452 Net loss attributable to non-controlling interests — — — (36) (36) Net income attributable to BOK Financial Corp. shareholders $ 82,344 $ (7,317) $ (4,521) $ (8,018) $ 62,488 Average assets $ 29,823,905 $ 10,273,890 $ 21,323,795 $ (10,860,516) $ 50,561,074 |
Fees and Commissions Revenue _2
Fees and Commissions Revenue Fees and Commissions Rvenue (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Fees and Commissions Revenue [Table Text Block] | Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2023. Commercial Consumer Wealth Management Funds Management & Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ 27,598 $ — $ 27,598 $ 27,598 $ — Customer hedging revenue 6,487 — 100 1,767 8,354 8,354 — Retail brokerage revenue — — 3,844 — 3,844 — 3,844 Insurance brokerage revenue — — 3,306 — 3,306 — 3,306 Investment banking revenue 3,698 — 5,596 — 9,294 3,598 5,696 Brokerage and trading revenue 10,185 — 40,444 1,767 52,396 39,550 12,846 TransFund EFT network revenue 20,499 908 (17) 2 21,392 — 21,392 Merchant services revenue 2,150 8 — — 2,158 — 2,158 Corporate card revenue 1,785 — 177 109 2,071 — 2,071 Transaction card revenue 24,434 916 160 111 25,621 — 25,621 Personal trust revenue — — 23,945 — 23,945 — 23,945 Corporate trust revenue — — 7,660 — 7,660 — 7,660 Institutional trust & retirement plan services revenue — — 12,835 — 12,835 — 12,835 Investment management services and other revenue — — 6,238 (21) 6,217 — 6,217 Fiduciary and asset management revenue — — 50,678 (21) 50,657 — 50,657 Commercial account service charge revenue 12,871 499 477 — 13,847 — 13,847 Overdraft fee revenue 25 4,828 20 — 4,873 — 4,873 Check card revenue — 5,638 — 1 5,639 — 5,639 Automated service charge and other deposit fee revenue 237 1,313 59 — 1,609 — 1,609 Deposit service charges and fees 13,133 12,278 556 1 25,968 — 25,968 Mortgage production revenue — (633) — — (633) (633) — Mortgage servicing revenue — 15,558 — (558) 15,000 15,000 — Mortgage banking revenue — 14,925 — (558) 14,367 14,367 — Other revenue 8,083 2,462 17,073 (10,648) 16,970 8,560 8,410 Total fees and commissions revenue $ 55,835 $ 30,581 $ 108,911 $ (9,348) $ 185,979 $ 62,477 $ 123,502 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. Fees and commissions revenue by reportable segment and primary service line is as follows for the three months ended March 31, 2022. Commercial Consumer Wealth Management Funds Management & Other Consolidated Out of Scope 1 In Scope 2 Trading revenue $ — $ — $ (54,048) $ — $ (54,048) $ (54,048) $ — Customer hedging revenue 12,979 — 817 (2,858) 10,938 10,938 — Retail brokerage revenue — — 4,610 — 4,610 — 4,610 Insurance brokerage revenue — — 3,738 — 3,738 — 3,738 Investment banking revenue 3,358 — 4,325 — 7,683 3,099 4,584 Brokerage and trading revenue 16,337 — (40,558) (2,858) (27,079) (40,011) 12,932 TransFund EFT network revenue 18,153 886 (17) 1 19,023 — 19,023 Merchant services revenue 3,641 10 — — 3,651 — 3,651 Corporate card revenue 1,376 — 76 90 1,542 — 1,542 Transaction card revenue 23,170 896 59 91 24,216 — 24,216 Personal trust revenue — — 24,797 — 24,797 — 24,797 Corporate trust revenue — — 3,958 — 3,958 — 3,958 Institutional trust & retirement plan services revenue — — 12,567 — 12,567 — 12,567 Investment management services and other revenue — — 5,121 (44) 5,077 — 5,077 Fiduciary and asset management revenue — — 46,443 (44) 46,399 — 46,399 Commercial account service charge revenue 13,131 450 513 — 14,094 — 14,094 Overdraft fee revenue 31 6,193 23 — 6,247 — 6,247 Check card revenue — 5,545 — — 5,545 — 5,545 Automated service charge and other deposit fee revenue 23 1,107 (14) 2 1,118 — 1,118 Deposit service charges and fees 13,185 13,295 522 2 27,004 — 27,004 Mortgage production revenue — 5,055 — — 5,055 5,055 — Mortgage servicing revenue — 12,076 — (481) 11,595 11,595 — Mortgage banking revenue — 17,131 — (481) 16,650 16,650 — Other revenue 4,272 2,655 18,557 (15,039) 10,445 7,275 3,170 Total fees and commissions revenue $ 56,964 $ 33,977 $ 25,023 $ (18,329) $ 97,635 $ (16,086) $ 113,721 1 Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance. 2 In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block] | The fair value of financial assets and liabilities measured on a recurring basis was as follows as of March 31, 2023 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 5,618 $ 4,878 $ 740 $ — Residential agency mortgage-backed securities 2,210,721 — 2,210,721 — Municipal securities 37,455 — 37,455 — Asset-backed securities 10,194 — 10,194 — Other trading securities 30,370 — 30,370 — Total trading securities 2,294,358 4,878 2,289,480 — Available for sale securities: U.S. Treasury 914 914 — — Municipal securities 634,207 — 634,207 — Residential agency mortgage-backed securities 6,022,708 — 6,022,708 — Residential non-agency mortgage-backed securities 651,351 — 651,351 — Commercial agency mortgage-backed securities 4,628,188 — 4,628,188 — Other debt securities 473 — — 473 Total available for sale securities 11,937,841 914 11,936,454 473 Fair value option securities: U.S. Treasury 106,307 106,307 — — Residential agency mortgage-backed securities 220,083 — 220,083 — Total fair value option securities 326,390 106,307 220,083 — Residential mortgage loans held for sale 1 74,175 — 67,024 7,151 Mortgage servicing rights 2 299,803 — — 299,803 Derivative contracts, net of cash collateral 3 394,291 303 393,988 — Liabilities: Derivative contracts, net of cash collateral 3 510,483 3,822 506,661 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.43% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes . The fair value of financial assets and liabilities measured on a recurring basis was as follows as of December 31, 2022 (in thousands): Total Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Assets: Trading securities: U.S. government securities $ 9,823 $ 4,970 $ 4,853 $ — Residential agency mortgage-backed securities 4,406,848 — 4,406,848 — Municipal securities 21,484 — 21,484 — Other trading securities 26,006 — 26,006 — Total trading securities 4,464,161 4,970 4,459,191 — Available for sale securities: U.S. Treasury 898 898 — — Municipal securities 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 — 4,475,917 — Other debt securities 473 — — 473 Total available for sale securities 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 — 296,590 — Residential mortgage loans held for sale 1 75,272 — 68,054 7,218 Mortgage servicing rights 2 277,608 — — 277,608 Derivative contracts, net of cash collateral 3 880,343 2,110 878,233 — Liabilities: Derivative contracts, net of cash collateral 3 554,900 16 554,884 — 1 Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.55% of the unpaid principal balance. 2 A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes. |
Fair Value Assets Measured on Nonrecurring Basis [Table Text Block] | The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2023 for which the fair value was adjusted during the three months ended March 31, 2023: Fair Value Adjustments for the Carrying Value at March 31, 2023 Three Months Ended Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ — $ 14,040 $ 1,991 $ — Real estate and other repossessed assets — 547 — — (101) The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at March 31, 2022 for which the fair value was adjusted during the three months ended March 31, 2022: Fair Value Adjustments for the Carrying Value at March 31, 2022 Three Months Ended Quoted Prices Significant Significant Gross charge-offs against allowance for loan losses Other gains (losses), net Nonaccruing loans $ — $ 4,168 $ 244 $ 818 $ — Real estate and other repossessed assets — 1,412 400 — 106 |
Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block] | A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2023 follows (in thousands): Fair Value Valuation Technique(s) Unobservable Input Range Nonaccruing loans $ 14,040 Discounted cash flows Management knowledge of industry and non-real estate collateral including, but not limited to, recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs 88% - 88% (88%) 1 1 Represents fair value as a percentage of the unpaid principal balance. A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of March 31, 2022 follows (in thousands): Fair Value Valuation Technique(s) Unobservable Input Range Nonaccruing loans $ 244 Discounted cash flows Management knowledge of industry and non-real estate collateral including, but not limited to, recoverable oil and gas reserves, forward-looking commodity prices, estimated operating costs 3% - 25% (5%) 1 Real estate and other repossessed assets 400 Discounted cash flows Marketability adjustments off appraised value. 2 75% - 75% (75%) 1 Represents fair value as a percentage of the unpaid principal balance. 2 Marketability adjustments include consideration of estimated costs to sell which is approximately 10% of the fair value. |
Fair Value of Financial Instruments [Table Text Block] | The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or are measured at fair value on a non-recurring basis as of March 31, 2023 (dollars in thousands): Carrying Estimated Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Cash and due from banks $ 792,371 $ 792,371 $ 792,371 $ — $ — Interest-bearing cash and cash equivalents 571,613 571,613 571,613 — — Trading securities: U.S. government securities 5,618 5,618 4,878 740 — Residential agency mortgage-backed securities 2,210,721 2,210,721 — 2,210,721 — Municipal securities 37,455 37,455 — 37,455 — Asset-backed securities 10,194 10,194 — 10,194 — Other trading securities 30,370 30,370 — 30,370 — Total trading securities 2,294,358 2,294,358 4,878 2,289,480 — Investment securities: Municipal securities 153,739 160,866 — 33,158 127,708 Residential agency mortgage-backed securities 2,264,922 2,118,538 — 2,118,538 — Commercial agency mortgage-backed securities 15,684 14,861 — 14,861 — Other debt securities 14,288 13,421 — 13,421 — Total investment securities 2,448,633 2,307,686 — 2,179,978 127,708 Allowance for credit losses (497) — — — — Investment securities, net of allowance 2,448,136 2,307,686 — 2,179,978 127,708 Available for sale securities: U.S. Treasury 914 914 914 — — Municipal securities 634,207 634,207 — 634,207 — Residential agency mortgage-backed securities 6,022,708 6,022,708 — 6,022,708 — Residential non-agency mortgage-backed securities 651,351 651,351 — 651,351 — Commercial agency mortgage-backed securities 4,628,188 4,628,188 — 4,628,188 — Other debt securities 473 473 — — 473 Total available for sale securities 11,937,841 11,937,841 914 11,936,454 473 Fair value option securities: U.S. Treasury 106,307 106,307 106,307 — — Residential agency mortgage-backed securities 220,083 220,083 — 220,083 — Total fair value option securities 326,390 326,390 106,307 220,083 — Residential mortgage loans held for sale 74,175 74,175 — 67,024 7,151 Loans: Commercial 14,217,349 14,129,311 — — 14,129,311 Commercial real estate 4,815,316 4,703,787 — — 4,703,787 Loans to individuals 3,717,388 3,547,326 — — 3,547,326 Total loans 22,750,053 22,380,424 — — 22,380,424 Allowance for loan losses (249,460) — — — — Loans, net of allowance 22,500,593 22,380,424 — — 22,380,424 Mortgage servicing rights 299,803 299,803 — — 299,803 Derivative instruments with positive fair value, net of cash collateral 394,291 394,291 303 393,988 — Deposits with no stated maturity 31,004,137 31,004,137 — — 31,004,137 Time deposits 1,576,610 1,547,154 — — 1,547,154 Other borrowed funds 6,335,609 6,333,599 — — 6,333,599 Subordinated debentures 131,148 125,077 — 125,077 — Derivative instruments with negative fair value, net of cash collateral 510,483 510,483 3,822 506,661 — The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or are measured at fair value on a non-recurring basis as of December 31, 2022 (dollars in thousands): Carrying Estimated Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Cash and due from banks $ 943,810 $ 943,810 $ 943,810 $ — $ — Interest-bearing cash and cash equivalents 457,906 457,906 457,906 — — Trading securities: U.S. government securities 9,823 9,823 4,970 4,853 — Residential agency mortgage-backed securities 4,406,848 4,406,848 — 4,406,848 — Municipal securities 21,484 21,484 — 21,484 — Other trading securities 26,006 26,006 — 26,006 — Total trading securities 4,464,161 4,464,161 4,970 4,459,191 — Investment securities: Municipal securities 170,629 176,621 — 38,106 138,515 Residential agency mortgage-backed securities 2,315,219 2,143,360 — 2,143,360 — Commercial agency mortgage-backed securities 15,609 14,588 — 14,588 — Other debt securities 12,788 12,199 — 12,199 — Total investment securities 2,514,245 2,346,768 — 2,208,253 138,515 Allowance for credit losses (558) — — — — Investment securities, net of allowance 2,513,687 2,346,768 — 2,208,253 138,515 Available for sale securities: U.S. Treasury 898 898 898 — — Municipal securities 624,500 624,500 — 624,500 — Residential agency mortgage-backed securities 5,814,496 5,814,496 — 5,814,496 — Residential non-agency mortgage-backed securities 577,576 577,576 — 577,576 — Commercial agency mortgage-backed securities 4,475,917 4,475,917 — 4,475,917 — Other debt securities 473 473 — — 473 Total available for sale securities 11,493,860 11,493,860 898 11,492,489 473 Fair value option securities — Residential agency mortgage-backed securities 296,590 296,590 — 296,590 — Residential mortgage loans held for sale 75,272 75,272 — 68,054 7,218 Loans: Commercial 14,212,499 13,905,765 — — 13,905,765 Commercial real estate 4,606,777 4,454,048 — — 4,454,048 Loans to individuals 3,737,874 3,531,410 — — 3,531,410 Total loans 22,557,150 21,891,223 — — 21,891,223 Allowance for loan losses (235,704) — — — — Loans, net of allowance 22,321,446 21,891,223 — — 21,891,223 Mortgage servicing rights 277,608 277,608 — — 277,608 Derivative instruments with positive fair value, net of cash collateral 880,343 880,343 2,110 878,233 — Deposits with no stated maturity 33,018,863 33,018,863 — — 33,018,863 Time deposits 1,461,842 1,431,245 — — 1,431,245 Other borrowed funds 7,007,285 7,005,305 — — 7,005,305 Subordinated debentures 131,205 121,497 — 121,497 — Derivative instruments with negative fair value, net of cash collateral 554,900 554,900 16 554,884 — |
Significant Accounting Polici_3
Significant Accounting Policies Loans and Allowance for Credit Losses (Details) | 3 Months Ended |
Mar. 31, 2023 | |
Loans and Allowance for Credit Losses [Abstract] | |
Loans, Number of Days Past Due for a Non-Risk Graded Loan to be Placed on Nonaccruing Status | 90 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Placed on Nonaccruing Status | 60 days |
Loans and Allowances for Credit Losses, Minimum No of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | 60 days |
Loans and Allowances for Credit Losses, Maximum No of Days After Which Past Due Non-Risk Graded Loans Are Charged Off | 180 days |
Loans, Number of Days After Notification of Chapter 7 Bankruptcy Non-Risk Graded Loan is Charged Off | 60 days |
Trading Securities (Details)
Trading Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule of Trading Securities [Line Items] | ||
Trading securities | $ 2,294,358 | $ 4,464,161 |
Trading Securities, Net Unrealized Gain (Loss) | 12,566 | (323) |
U.S. government securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 5,618 | 9,823 |
Trading Securities, Net Unrealized Gain (Loss) | (6) | (16) |
Residential agency mortgage-backed securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 2,210,721 | 4,406,848 |
Trading Securities, Net Unrealized Gain (Loss) | 12,289 | 4 |
Municipal securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 37,455 | 21,484 |
Trading Securities, Net Unrealized Gain (Loss) | 45 | (136) |
Asset-backed securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 10,194 | 0 |
Trading Securities, Net Unrealized Gain (Loss) | 10 | 0 |
Other trading securities [Member] | ||
Schedule of Trading Securities [Line Items] | ||
Trading securities | 30,370 | 26,006 |
Trading Securities, Net Unrealized Gain (Loss) | $ 228 | $ (175) |
Investment (Held-to-Maturity) S
Investment (Held-to-Maturity) Securities (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | ||||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||||
Investment Securities, Gross Amortized Cost | $ 2,657,577 | $ 2,739,241 | |||
Investment Securities, Gross Carrying Value | 2,448,633 | [1] | 2,514,245 | [2] | |
Investment securities, Allowance for Credit Loss | (497) | [1] | (558) | [2] | |
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 2,657,080 | 2,738,683 | |||
Investment Securities, Carrying Value, after Allowance for Credit Loss | 2,448,136 | [1] | 2,513,687 | [2] | |
Investment Securities, Fair Value | 2,307,686 | 2,346,768 | |||
Investment Securities, Gross Unrealized Gain | 7,484 | 6,611 | |||
Investment Securities, Gross Unrealized Loss | (148,431) | (174,088) | |||
Debt Securities, Net Unrealized Loss Remaining in AOCI included in Carrying Value for AFS Securities Transferred to Investment Securities | $ (209,000) | $ (225,000) | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 130 | 143 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,139,747 | $ 2,184,167 | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 8,448 | 801 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 2,148,195 | 2,184,968 | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 148,134 | 174,012 | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 297 | 76 | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 148,431 | 174,088 | |||
Fixed Maturity Securities [Member] | |||||
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | |||||
Investment Securities, Debt Maturities, Less than One Year, Net Carrying Value | 24,634 | ||||
Investment Securities, Debt Maturities, One to Five Years, Net Carrying Value | 92,723 | ||||
Investment Securities, Debt Maturities, Six to Ten Years, Net Carrying Value | 66,341 | ||||
Investment Securities, Debt Maturities, Over Ten Years, Net Carrying Value | 13 | ||||
Investment Securities, Debt Maturities, Single Maturity Date, Net Carrying Value | 183,711 | ||||
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | |||||
Investment Securities, Debt Maturities, Less Than One Year, Fair Value | 24,917 | ||||
Investment Securities, Debt Maturities, One to Five Years, Fair Value | 99,241 | ||||
Investment Securities, Debt Maturities, Six to Ten Years, Fair Value | 64,977 | ||||
Investment Securities, Debt Maturities, Over Ten Years, Fair Value | 13 | ||||
Investment Securities, Debt Maturities, Single Maturity Date, Fair Value | $ 189,148 | ||||
Investment Securities, Debt Maturities, Weighted Average Maturity | [3] | 3.94 | |||
Municipal securities [Member] | |||||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||||
Investment Securities, Gross Amortized Cost | $ 153,739 | 170,629 | |||
Investment Securities, Gross Carrying Value | 153,739 | [1] | 170,629 | [2] | |
Investment Securities, Fair Value | 160,866 | 176,621 | |||
Investment Securities, Gross Unrealized Gain | 7,321 | 6,456 | |||
Investment Securities, Gross Unrealized Loss | $ (194) | $ (464) | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 9 | 22 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 18,037 | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 6,594 | 544 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 6,594 | 18,581 | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 406 | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 194 | 58 | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 194 | 464 | |||
Residential agency mortgage-backed securities [Member] | |||||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||||
Investment Securities, Gross Amortized Cost | 2,472,291 | 2,538,565 | |||
Investment Securities, Gross Carrying Value | 2,264,922 | [1] | 2,315,219 | [2] | |
Investment Securities, Fair Value | 2,118,538 | 2,143,360 | |||
Investment Securities, Gross Unrealized Gain | 163 | 155 | |||
Investment Securities, Gross Unrealized Loss | (146,547) | $ (172,014) | |||
Investment Securities, Debt Maturities, Net Carrying Value [Abstract] | |||||
Investment Securities, Debt Maturities, without Single Maturity Date, Net Carrying Value | [4] | 2,264,922 | |||
Investment Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | |||||
Investment Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 2,118,538 | ||||
Investment Securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | 5 years 3 months 18 days | ||||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 116 | 116 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,115,733 | $ 2,142,114 | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,599 | 0 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 2,117,332 | 2,142,114 | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 146,464 | 172,014 | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 83 | 0 | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 146,547 | 172,014 | |||
Commercial agency mortgage-backed securities [Member] | |||||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||||
Investment Securities, Gross Amortized Cost | 17,259 | 17,259 | |||
Investment Securities, Gross Carrying Value | 15,684 | [1] | 15,609 | [2] | |
Investment Securities, Fair Value | 14,861 | 14,588 | |||
Investment Securities, Gross Unrealized Gain | 0 | 0 | |||
Investment Securities, Gross Unrealized Loss | $ (823) | $ (1,021) | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 2 | 2 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 14,861 | $ 14,588 | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 14,861 | 14,588 | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 823 | 1,021 | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | 823 | 1,021 | |||
Other debt securities [Member] | |||||
Schedule of Investment (Held-to-Maturity) Securities [Line Items] | |||||
Investment Securities, Gross Amortized Cost | 14,288 | 12,788 | |||
Investment Securities, Gross Carrying Value | 14,288 | [1] | 12,788 | [2] | |
Investment Securities, Fair Value | 13,421 | 12,199 | |||
Investment Securities, Gross Unrealized Gain | 0 | 0 | |||
Investment Securities, Gross Unrealized Loss | $ (867) | $ (589) | |||
Investment Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract] | |||||
Investment Securities, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 | 3 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 9,153 | $ 9,428 | |||
Investment Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 255 | 257 | |||
Investment Securities, Continuous Unrealized Loss Position, Fair Value | 9,408 | 9,685 | |||
Investment Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | |||||
Investment Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 847 | 571 | |||
Investment Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 20 | 18 | |||
Investment Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 867 | $ 589 | |||
[1]Carrying value includes $209 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following.[2]Carrying value includes $225 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following.[3]Expected maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without penalty.[4]The average expected lives of residential mortgage-backed securities were 5.3 years years based upon current prepayment assumptions. |
Available for Sale Securities (
Available for Sale Securities (Details) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | ||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | $ 12,679,349 | $ 12,359,413 | ||
Available-for-sale Securities, Fair Value | 11,937,841 | 11,493,860 | ||
Available-for-sale Securities, Gross Unrealized Gain | 33,726 | 28,661 | ||
Available-for-sale Securities, Gross Unrealized Loss | (775,234) | $ (894,214) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale Securities, Proceeds | 0 | $ 55,185 | ||
Available-for-sale Securities, Gross realized gains | 0 | 1,933 | ||
Available-for-sale Securities, Gross realized losses | 0 | (996) | ||
Available-for-sale Securities, Related federal and state income tax expense (benefit) | $ 0 | $ 219 | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1,153 | 1,153 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,648,291 | $ 6,173,710 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 60,748 | 376,598 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 7,485,234 | 3,829,168 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 714,486 | 517,616 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 10,133,525 | 10,002,878 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 775,234 | 894,214 | ||
Asset Pledged as Collateral with Right | ||||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Pledged Securities | 9,900,000 | 11,200,000 | ||
Fixed Maturity Securities [Member] | ||||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||||
Available-for-sale Securities, Debt Maturities, Less than One Year, Amortized Cost Basis | 148,742 | |||
Available-for-sale Securities, Debt Maturities, One to Five Years, Amortized Cost Basis | 2,665,838 | |||
Available-for-sale Securities, Debt Maturities, Six To Ten Years, Amortized Cost Basis | 2,360,090 | |||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Amortized Cost Basis | 502,606 | |||
Available-for-sale Securities, Debt Maturities, Allocated and Single Maturity Date, Amortized Cost | 5,677,276 | |||
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||||
Available-for-sale Securities, Debt Maturities, Less than One Year, Fair Value | 146,996 | |||
Available-for-sale Securities, Debt Maturities, One to Five Years, Fair Value | 2,510,112 | |||
Available-for-sale Securities, Debt Maturities, Six to Ten Years, Fair Value | 2,131,783 | |||
Available-for-sale Securities, Debt Maturities, Over Ten Years, Fair Value | 474,891 | |||
Available-for-sale Securities, Debt Maturities, Allocated and Single Maturity Date, Fair Value | $ 5,263,782 | |||
Available-for-sale Securities, Debt Maturities, Weighted Average Maturity | [1] | 5.82 | ||
U.S. Treasury [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | $ 1,000 | 1,000 | ||
Available-for-sale Securities, Fair Value | 914 | 898 | ||
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 | ||
Available-for-sale Securities, Gross Unrealized Loss | $ (86) | $ (102) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 0 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 914 | 899 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 86 | 102 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 914 | 899 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 86 | 102 | ||
Municipal securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | 685,963 | 687,875 | ||
Available-for-sale Securities, Fair Value | 634,207 | 624,500 | ||
Available-for-sale Securities, Gross Unrealized Gain | 1,338 | 321 | ||
Available-for-sale Securities, Gross Unrealized Loss | $ (53,094) | $ (63,696) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 215 | 227 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 61,983 | $ 146,634 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 767 | 5,301 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 487,032 | 428,248 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 52,327 | 58,395 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 549,015 | 574,882 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 53,094 | 63,696 | ||
Commercial agency mortgage-backed securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | 4,989,813 | 4,892,257 | ||
Available-for-sale Securities, Fair Value | 4,628,188 | 4,475,917 | ||
Available-for-sale Securities, Gross Unrealized Gain | 5,738 | 3,479 | ||
Available-for-sale Securities, Gross Unrealized Loss | $ (367,363) | $ (419,819) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 288 | 285 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 824,751 | $ 1,647,778 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 14,313 | 63,701 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,413,042 | 2,535,816 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 353,050 | 356,118 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 4,237,793 | 4,183,594 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 367,363 | 419,819 | ||
Other debt securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | 500 | 500 | ||
Available-for-sale Securities, Fair Value | 473 | 473 | ||
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 | ||
Available-for-sale Securities, Gross Unrealized Loss | $ (27) | $ (27) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 0 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 473 | 473 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 27 | 27 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 473 | 473 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 27 | 27 | ||
Residential Mortgage Backed Securities [Member] | ||||
Debt Securities, Available-for-sale, Maturity, Amortized Cost, Rolling Maturity [Abstract] | ||||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost | [2] | 7,002,073 | ||
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract] | ||||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 6,674,059 | |||
Available-for-sale Securities, Debt Maturities, Average Expected Life of Mortgage-backed Securities | 4 years 4 months 24 days | |||
Residential agency mortgage-backed securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | $ 6,311,728 | 6,161,358 | ||
Available-for-sale Securities, Fair Value | 6,022,708 | 5,814,496 | ||
Available-for-sale Securities, Gross Unrealized Gain | 15,379 | 13,085 | ||
Available-for-sale Securities, Gross Unrealized Loss | $ (304,399) | $ (359,947) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 618 | 613 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 1,531,016 | $ 3,879,582 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 37,020 | 256,973 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,240,193 | 863,732 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 267,379 | 102,974 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 4,771,209 | 4,743,314 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | 304,399 | 359,947 | ||
Residential non-agency mortgage-backed securities [Member] | ||||
Debt Securities, Available-for-sale [Line Items] | ||||
Available-for-sale Securities, Amortized Cost | 690,345 | 616,423 | ||
Available-for-sale Securities, Fair Value | 651,351 | 577,576 | ||
Available-for-sale Securities, Gross Unrealized Gain | 11,271 | 11,776 | ||
Available-for-sale Securities, Gross Unrealized Loss | $ (50,265) | $ (50,623) | ||
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 30 | 26 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 230,541 | $ 499,716 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 8,648 | 50,623 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 343,580 | 0 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 41,617 | 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position | 574,121 | 499,716 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 50,265 | $ 50,623 | ||
[1]Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalty.[2]The average expected lives of residential mortgage-backed securities were 4.4 years years based upon current prepayment assumptions. |
Securities Debt Securities, Ava
Securities Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value (Details) $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1,153 | 1,153 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,648,291 | $ 6,173,710 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 7,485,234 | 3,829,168 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 10,133,525 | 10,002,878 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 60,748 | 376,598 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 714,486 | 517,616 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 775,234 | $ 894,214 |
U.S. Treasury [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 914 | 899 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 914 | 899 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 86 | 102 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 86 | $ 102 |
Municipal securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 215 | 227 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 61,983 | $ 146,634 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 487,032 | 428,248 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 549,015 | 574,882 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 767 | 5,301 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 52,327 | 58,395 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 53,094 | $ 63,696 |
Residential agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 618 | 613 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 1,531,016 | $ 3,879,582 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,240,193 | 863,732 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 4,771,209 | 4,743,314 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 37,020 | 256,973 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 267,379 | 102,974 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 304,399 | $ 359,947 |
Residential non-agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 30 | 26 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 230,541 | $ 499,716 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 343,580 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 574,121 | 499,716 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 8,648 | 50,623 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 41,617 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 50,265 | $ 50,623 |
Commercial agency mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 288 | 285 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 824,751 | $ 1,647,778 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,413,042 | 2,535,816 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 4,237,793 | 4,183,594 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 14,313 | 63,701 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 353,050 | 356,118 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 367,363 | $ 419,819 |
Other debt securities [Member] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 473 | 473 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 473 | 473 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 27 | 27 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 27 | $ 27 |
Securities Fair Value Option Se
Securities Fair Value Option Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Fair Value Option Securities [Line Items] | ||
Fair value option securities, Fair Value | $ 326,390 | $ 296,590 |
Fair value option securities, Net Unrealized Gain (Loss) | 609 | 338 |
U.S. Treasury [Member] | ||
Fair Value Option Securities [Line Items] | ||
Fair value option securities, Fair Value | 106,307 | 0 |
Fair value option securities, Net Unrealized Gain (Loss) | 359 | 0 |
Residential agency mortgage-backed securities [Member] | ||
Fair Value Option Securities [Line Items] | ||
Fair value option securities, Fair Value | 220,083 | 296,590 |
Fair value option securities, Net Unrealized Gain (Loss) | $ 250 | $ 338 |
Derivatives, Fair Value of Deri
Derivatives, Fair Value of Derivatives Contracts (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | ||
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derviative contracts, net of cash collateral, Assets, Fair value | $ 394,291 | $ 880,343 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 510,483 | 554,900 | ||
Not Designated as Hedging Instrument [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 24,892,189 | [1] | 28,273,268 | [2] |
Derivative Liabilities, Notional | 26,504,073 | [1] | 25,778,851 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 1,259,825 | 1,736,280 | ||
Derivative Assets, Netting Adjustments | (642,685) | (669,203) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 617,140 | 1,067,077 | ||
Derivative Assets, Cash Collateral | (222,849) | (186,734) | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 394,291 | 880,343 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 1,293,255 | 1,708,852 | ||
Derivative Liabilities, Netting Adjustments | (642,685) | (669,203) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 650,570 | 1,039,649 | ||
Derivative Liabilities, Cash Collateral | (140,087) | (484,749) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 510,483 | 554,900 | ||
Not Designated as Hedging Instrument [Member] | Total customer risk management programs | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 10,219,761 | [1] | 10,788,231 | [2] |
Derivative Liabilities, Notional | 10,326,482 | [1] | 11,561,139 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 1,167,177 | 1,607,870 | ||
Derivative Assets, Netting Adjustments | (595,579) | (594,543) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 571,598 | 1,013,327 | ||
Derivative Assets, Cash Collateral | (221,410) | (182,088) | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 350,188 | 831,239 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 1,174,061 | 1,612,300 | ||
Derivative Liabilities, Netting Adjustments | (595,579) | (594,543) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 578,482 | 1,017,757 | ||
Derivative Liabilities, Cash Collateral | (80,146) | (484,326) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 498,336 | 533,431 | ||
Not Designated as Hedging Instrument [Member] | Interest rate contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 2,691,550 | [1] | 2,629,318 | [2] |
Derivative Liabilities, Notional | 2,691,550 | [1] | 2,629,122 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 121,481 | 158,825 | ||
Derivative Assets, Netting Adjustments | (3,303) | 0 | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 118,178 | 158,825 | ||
Derivative Assets, Cash Collateral | (98,143) | (114,955) | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 20,035 | 43,870 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 121,040 | 158,816 | ||
Derivative Liabilities, Netting Adjustments | (3,303) | 0 | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 117,737 | 158,816 | ||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 117,737 | 158,816 | ||
Not Designated as Hedging Instrument [Member] | Energy contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 7,456,604 | [1] | 7,918,020 | [2] |
Derivative Liabilities, Notional | 7,564,737 | [1] | 8,696,060 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 988,149 | 1,232,283 | ||
Derivative Assets, Netting Adjustments | (592,276) | (594,543) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 395,873 | 637,740 | ||
Derivative Assets, Cash Collateral | (121,612) | (67,024) | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 274,261 | 570,716 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 997,077 | 1,242,058 | ||
Derivative Liabilities, Netting Adjustments | (592,276) | (594,543) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 404,801 | 647,515 | ||
Derivative Liabilities, Cash Collateral | (80,146) | (484,319) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 324,655 | 163,196 | ||
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 59,321 | [1] | 219,791 | [2] |
Derivative Liabilities, Notional | 57,909 | [1] | 214,855 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 57,431 | 216,569 | ||
Derivative Assets, Netting Adjustments | 0 | 0 | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 57,431 | 216,569 | ||
Derivative Assets, Cash Collateral | (1,560) | 0 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 55,871 | 216,569 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 55,828 | 211,233 | ||
Derivative Liabilities, Netting Adjustments | 0 | 0 | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 55,828 | 211,233 | ||
Derivative Liabilities, Cash Collateral | 0 | (7) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 55,828 | 211,226 | ||
Not Designated as Hedging Instrument [Member] | Equity option contracts [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 12,286 | [1] | 21,102 | [2] |
Derivative Liabilities, Notional | 12,286 | [1] | 21,102 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 116 | 193 | ||
Derivative Assets, Netting Adjustments | 0 | 0 | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 116 | 193 | ||
Derivative Assets, Cash Collateral | (95) | (109) | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 21 | 84 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 116 | 193 | ||
Derivative Liabilities, Netting Adjustments | 0 | 0 | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 116 | 193 | ||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 116 | 193 | ||
Not Designated as Hedging Instrument [Member] | Trading [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 14,507,221 | [1] | 17,400,037 | [2] |
Derivative Liabilities, Notional | 16,042,176 | [1] | 14,038,906 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 87,395 | 126,910 | ||
Derivative Assets, Netting Adjustments | (45,420) | (74,647) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 41,975 | 52,263 | ||
Derivative Assets, Cash Collateral | (1,439) | (4,646) | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 40,536 | 47,617 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 116,109 | 94,958 | ||
Derivative Liabilities, Netting Adjustments | (45,420) | (74,647) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 70,689 | 20,311 | ||
Derivative Liabilities, Cash Collateral | (59,941) | (423) | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | 10,748 | 19,888 | ||
Not Designated as Hedging Instrument [Member] | Internal risk management programs [Member] | ||||
Notional Amount of Derivatives [Abstract] | ||||
Derivative Assets, Notional | 165,207 | [1] | 85,000 | [2] |
Derivative Liabilities, Notional | 135,415 | [1] | 178,806 | [2] |
Derivative Assets, Fair Value, Net [Abstract] | ||||
Derivative Assets, Gross Fair Value | 5,253 | 1,500 | ||
Derivative Assets, Netting Adjustments | (1,686) | (13) | ||
Derivative Assets, Net Fair Value Before Cash Collateral | 3,567 | 1,487 | ||
Derivative Assets, Cash Collateral | 0 | 0 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 3,567 | 1,487 | ||
Derivative Liabilities, Fair Value, Net [Abstract] | ||||
Derivative Liabilities, Gross Fair Value | 3,085 | 1,594 | ||
Derivative Liabilities, Netting Adjustments | (1,686) | (13) | ||
Derivative Liabilities, Net Fair Value Before Cash Collateral | 1,399 | 1,581 | ||
Derivative Liabilities, Cash Collateral | 0 | 0 | ||
Derivative Liabilities, Fair Value, Net of Cash Collateral | $ 1,399 | $ 1,581 | ||
[1]Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract.[2]Notional amounts for commodity contracts are converted into dollar-equivalent amounts based on dollar prices at the inception of the contract. |
Derivatives, Derivatives Instru
Derivatives, Derivatives Instruments Gain (Loss) in Income Statement (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | $ (54,739) | $ 42,013 | |
Gain (Loss) on Derivatives, Net | (1,344) | (46,981) | |
Total customer risk management programs | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | 8,354 | 10,939 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | |
Interest rate contracts [Member] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | 1,770 | 6,342 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | |
Energy contracts [Member] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | 6,553 | 4,449 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | |
Foreign exchange contracts [Member] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | 31 | 148 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | |
Equity option contracts [Member] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | 0 | 0 | |
Gain (Loss) on Derivatives, Net | 0 | 0 | |
Trading [Member] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | [1] | (63,093) | 31,074 |
Gain (Loss) on Derivatives, Net | [1] | 0 | 0 |
Internal risk management programs [Member] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net [Abstract] | |||
Brokergage and Trading Revenue | 0 | 0 | |
Gain (Loss) on Derivatives, Net | $ (1,344) | $ (46,981) | |
[1]Represents changes in fair value of to-be-announced securities and other derivative instruments held to mitigate market risk of trading securities portfolio, which is offset by changes in fair value of trading securities also included in Brokerage and Trading Revenue in the Consolidated Statements of Earnings. |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses, Loans by Portfolio Type (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Loan receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | $ 6,432,171 | $ 6,366,303 |
Loans, variable rate of interest | 16,197,587 | 16,069,050 |
Loans, non-accrual | 120,295 | 121,797 |
Total | 22,750,053 | 22,557,150 |
Credit Commitments [Abstract] | ||
Outstanding commitments to extend credit | 15,100,000 | |
Outstanding standby letters of credit | 790,000 | |
Commercial [Member] | ||
Loan receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | 3,427,345 | 3,392,422 |
Loans, variable rate of interest | 10,735,572 | 10,759,780 |
Loans, non-accrual | 54,432 | 60,297 |
Total | 14,217,349 | 14,212,499 |
Commercial real estate [Member] | ||
Loan receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | 879,806 | 874,716 |
Loans, variable rate of interest | 3,913,842 | 3,715,491 |
Loans, non-accrual | 21,668 | 16,570 |
Total | 4,815,316 | 4,606,777 |
Loans to individuals [Member] | ||
Loan receivables disclosure [Abstract] | ||
Loans, fixed rate of interest | 2,125,020 | 2,099,165 |
Loans, variable rate of interest | 1,548,173 | 1,593,779 |
Loans, non-accrual | 44,195 | 44,930 |
Total | $ 3,717,388 | $ 3,737,874 |
Loans and Allowances for Cred_3
Loans and Allowances for Credit Losses, Activity in Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning balance | $ 235,704 | $ 256,421 | |
Provision for loan losses | 14,525 | (3,967) | |
Loans charged off | (3,667) | (7,805) | |
Recoveries of loans previously charged off | 2,898 | 1,824 | |
Ending balance | 249,460 | 246,473 | |
Provision Details [Abstract] | |||
Provision for credit losses | 16,000 | 0 | |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning balance | 60,919 | 32,977 | |
Provision for off-balance sheet credit risk | 2,024 | 3,268 | |
Ending balance | 62,943 | 36,245 | |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 22,629,758 | $ 22,435,353 | |
Individually measured for impairment, recorded investment | 120,295 | 121,797 | |
Total | 22,750,053 | 22,557,150 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 245,427 | 230,134 | |
Individually measured for impairment, related allowance | 4,033 | 5,570 | |
Total | 249,460 | 235,704 | |
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning balance | 131,586 | 162,056 | |
Provision for loan losses | 6,330 | (5,118) | |
Loans charged off | (12) | (6,081) | |
Recoveries of loans previously charged off | 1,994 | 591 | |
Ending balance | 139,898 | 151,448 | |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning balance | 18,246 | 13,812 | |
Provision for off-balance sheet credit risk | 2,362 | 154 | |
Ending balance | 20,608 | 13,966 | |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 14,162,917 | 14,152,202 | |
Individually measured for impairment, recorded investment | 54,432 | 60,297 | |
Total | 14,217,349 | 14,212,499 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 137,415 | 127,566 | |
Individually measured for impairment, related allowance | 2,483 | 4,020 | |
Total | 139,898 | 131,586 | |
Commercial real estate [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning balance | 57,648 | 58,553 | |
Provision for loan losses | 10,426 | 468 | |
Loans charged off | (2,208) | (191) | |
Recoveries of loans previously charged off | 137 | 144 | |
Ending balance | 66,003 | 58,974 | |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning balance | 40,490 | 17,442 | |
Provision for off-balance sheet credit risk | (279) | 3,023 | |
Ending balance | 40,211 | 20,465 | |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 4,793,648 | 4,590,207 | |
Individually measured for impairment, recorded investment | 21,668 | 16,570 | |
Total | 4,815,316 | 4,606,777 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 64,453 | 56,098 | |
Individually measured for impairment, related allowance | 1,550 | 1,550 | |
Total | 66,003 | 57,648 | |
Loans to individuals [Member] | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning balance | 46,470 | 35,812 | |
Provision for loan losses | (2,231) | 683 | |
Loans charged off | (1,447) | (1,533) | |
Recoveries of loans previously charged off | 767 | 1,089 | |
Ending balance | 43,559 | 36,051 | |
Off-Balance Sheet, Credit Loss, Liability [Roll Forward] | |||
Beginning balance | 2,183 | 1,723 | |
Provision for off-balance sheet credit risk | (59) | 91 | |
Ending balance | 2,124 | $ 1,814 | |
Recorded investment [Abstract] | |||
Collectively measured for impairment, recorded investment | 3,673,193 | 3,692,944 | |
Individually measured for impairment, recorded investment | 44,195 | 44,930 | |
Total | 3,717,388 | 3,737,874 | |
Related allowance [Abstract] | |||
Collectively measured for impairment, related allowance | 43,559 | 46,470 | |
Individually measured for impairment, related allowance | 0 | 0 | |
Total | $ 43,559 | $ 46,470 |
Loans and Allowances for Cred_4
Loans and Allowances for Credit Losses, Credit Quality Indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | $ 840,927 | $ 4,453,665 | |
Financing Receivable, Originated, Year Two | 4,425,700 | 3,294,886 | |
Financing Receivable, Originated, Year Three | 3,248,207 | 2,107,063 | |
Financing Receivable, Originated, Year Four | 2,020,125 | 1,734,561 | |
Financing Receivable, Originated, Year Five | 1,680,558 | 1,157,972 | |
Financing Receivable, Originated, More Than Five Years | 3,868,349 | 2,992,242 | |
Financing Receivable, Revolving | 6,641,089 | 6,790,248 | |
Financing Receivable, Revolving, Converted to Term Loan | 25,098 | 26,513 | |
Total | 22,750,053 | 22,557,150 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 3,667 | $ 7,805 | |
Commercial [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 698,796 | 2,655,782 | |
Financing Receivable, Originated, Year Two | 2,455,188 | 1,566,129 | |
Financing Receivable, Originated, Year Three | 1,494,936 | 994,261 | |
Financing Receivable, Originated, Year Four | 930,690 | 838,006 | |
Financing Receivable, Originated, Year Five | 775,049 | 779,311 | |
Financing Receivable, Originated, More Than Five Years | 2,279,853 | 1,657,429 | |
Financing Receivable, Revolving | 5,580,003 | 5,718,433 | |
Financing Receivable, Revolving, Converted to Term Loan | 2,834 | 3,148 | |
Total | 14,217,349 | 14,212,499 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 12 | 6,081 | |
Commercial [Member] | Energy [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 12,973 | 157,745 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 146,448 | 76,951 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 66,052 | 30,284 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 8,865 | 13,447 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 11,959 | 6,377 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 12,595 | 5,822 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Revolving | 3,139,165 | 3,134,164 | |
Financing Receivable Revolving Writeoff | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Financing Receivable Revolving Converted to Term Writeoff | 0 | ||
Total | 3,398,057 | 3,424,790 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Commercial [Member] | Healthcare [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 175,703 | 932,097 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 876,440 | 604,886 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 615,847 | 476,854 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 482,182 | 450,755 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 436,197 | 471,362 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 1,091,901 | 659,507 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Revolving | 221,052 | 249,536 | |
Financing Receivable Revolving Writeoff | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 19 | 20 | |
Financing Receivable Revolving Converted to Term Writeoff | 0 | ||
Total | 3,899,341 | 3,845,017 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Commercial [Member] | Services [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 216,237 | 822,287 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 778,794 | 507,219 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 477,545 | 287,523 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 275,660 | 196,711 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 174,808 | 157,673 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 810,360 | 702,823 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Revolving | 829,708 | 756,524 | |
Financing Receivable Revolving Writeoff | 5 | ||
Financing Receivable, Revolving, Converted to Term Loan | 590 | 761 | |
Financing Receivable Revolving Converted to Term Writeoff | 0 | ||
Total | 3,563,702 | 3,431,521 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 5 | ||
Commercial [Member] | General business [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 293,883 | 743,653 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 653,506 | 377,073 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 335,492 | 199,600 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 163,983 | 177,093 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 152,085 | 143,899 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 364,997 | 289,277 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 3 | ||
Financing Receivable, Revolving | 1,390,078 | 1,578,209 | |
Financing Receivable Revolving Writeoff | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 2,225 | 2,367 | |
Financing Receivable Revolving Converted to Term Writeoff | 4 | ||
Total | 3,356,249 | 3,511,171 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 7 | ||
Commercial real estate [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 46,900 | 1,188,483 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 1,383,300 | 1,158,002 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 1,187,644 | 552,616 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 540,129 | 648,561 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 651,970 | 247,625 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 857,310 | 649,874 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 2,208 | ||
Financing Receivable, Revolving | 148,063 | 161,616 | |
Financing Receivable Revolving Writeoff | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Financing Receivable Revolving Converted to Term Writeoff | 0 | ||
Total | 4,815,316 | 4,606,777 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 2,208 | 191 | |
Loans to individuals [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 95,231 | 609,400 | |
Financing Receivable, Originated, Year Two | 587,212 | 570,755 | |
Financing Receivable, Originated, Year Three | 565,627 | 560,186 | |
Financing Receivable, Originated, Year Four | 549,306 | 247,994 | |
Financing Receivable, Originated, Year Five | 253,539 | 131,036 | |
Financing Receivable, Originated, More Than Five Years | 731,186 | 684,939 | |
Financing Receivable, Revolving | 913,023 | 910,199 | |
Financing Receivable, Revolving, Converted to Term Loan | 22,264 | 23,365 | |
Total | 3,717,388 | 3,737,874 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 1,447 | $ 1,533 | |
Loans to individuals [Member] | Residential mortgage [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 71,000 | 354,529 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 349,949 | 374,927 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 372,782 | 395,948 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 385,114 | 63,504 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 62,058 | 42,571 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 306,740 | 281,290 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 4 | ||
Financing Receivable, Revolving | 356,412 | 354,986 | |
Financing Receivable Revolving Writeoff | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 21,972 | 23,029 | |
Financing Receivable Revolving Converted to Term Writeoff | 1 | ||
Total | 1,926,027 | 1,890,784 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 5 | ||
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 289 | |
Financing Receivable, Originated, Year Two | 1,021 | 2,254 | |
Financing Receivable, Originated, Year Three | 2,321 | 9,299 | |
Financing Receivable, Originated, Year Four | 7,620 | 12,182 | |
Financing Receivable, Originated, Year Five | 9,968 | 19,563 | |
Financing Receivable, Originated, More Than Five Years | 203,823 | 202,353 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 224,753 | 245,940 | |
Loans to individuals [Member] | Personal [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 24,231 | 254,582 | |
Financing Receivable Year One Originated Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Two | 236,242 | 193,574 | |
Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Three | 190,524 | 154,939 | |
Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Four | 156,572 | 172,308 | |
Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, Year Five | 181,513 | 68,902 | |
Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff | 0 | ||
Financing Receivable, Originated, More Than Five Years | 220,623 | 201,296 | |
Financing Receivable Originated More than Five Years Before Current Fiscal Year Writeoff | 1,437 | ||
Financing Receivable, Revolving | 556,611 | 555,213 | |
Financing Receivable Revolving Writeoff | 1 | ||
Financing Receivable, Revolving, Converted to Term Loan | 292 | 336 | |
Financing Receivable Revolving Converted to Term Writeoff | 4 | ||
Total | 1,566,608 | 1,601,150 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 1,442 | ||
Performing [Member] | Commercial [Member] | Energy [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 12,973 | 157,745 | |
Financing Receivable, Originated, Year Two | 146,448 | 76,951 | |
Financing Receivable, Originated, Year Three | 66,052 | 30,284 | |
Financing Receivable, Originated, Year Four | 8,865 | 12,783 | |
Financing Receivable, Originated, Year Five | 11,301 | 5,992 | |
Financing Receivable, Originated, More Than Five Years | 11,408 | 4,980 | |
Financing Receivable, Revolving | 3,119,103 | 3,104,906 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 3,376,150 | 3,393,641 | |
Performing [Member] | Commercial [Member] | Energy [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | ||
Financing Receivable, Originated, Year Two | 0 | ||
Financing Receivable, Originated, Year Three | 0 | ||
Financing Receivable, Originated, Year Four | 0 | ||
Financing Receivable, Originated, Year Five | 0 | ||
Financing Receivable, Originated, More Than Five Years | 0 | ||
Financing Receivable, Revolving | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | ||
Total | 0 | ||
Performing [Member] | Commercial [Member] | Energy [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 664 | |
Financing Receivable, Originated, Year Five | 658 | 385 | |
Financing Receivable, Originated, More Than Five Years | 1,060 | 683 | |
Financing Receivable, Revolving | 20,062 | 28,018 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 21,780 | 29,750 | |
Performing [Member] | Commercial [Member] | Healthcare [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 175,703 | 932,097 | |
Financing Receivable, Originated, Year Two | 876,440 | 604,886 | |
Financing Receivable, Originated, Year Three | 615,643 | 476,854 | |
Financing Receivable, Originated, Year Four | 479,575 | 404,204 | |
Financing Receivable, Originated, Year Five | 386,837 | 464,989 | |
Financing Receivable, Originated, More Than Five Years | 1,027,229 | 618,163 | |
Financing Receivable, Revolving | 220,992 | 245,898 | |
Financing Receivable, Revolving, Converted to Term Loan | 19 | 20 | |
Total | 3,782,438 | 3,747,111 | |
Performing [Member] | Commercial [Member] | Healthcare [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 204 | 0 | |
Financing Receivable, Originated, Year Four | 429 | 20,071 | |
Financing Receivable, Originated, Year Five | 21,767 | 0 | |
Financing Receivable, Originated, More Than Five Years | 45,663 | 18,859 | |
Financing Receivable, Revolving | 60 | 4 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 68,123 | 38,934 | |
Performing [Member] | Commercial [Member] | Healthcare [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 0 | |
Financing Receivable, Originated, Year Four | 2,178 | 0 | |
Financing Receivable, Originated, Year Five | 1,456 | 0 | |
Financing Receivable, Originated, More Than Five Years | 7,899 | 14,304 | |
Financing Receivable, Revolving | 0 | 3,634 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 11,533 | 17,938 | |
Performing [Member] | Commercial [Member] | Services [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 216,237 | 821,785 | |
Financing Receivable, Originated, Year Two | 759,320 | 496,510 | |
Financing Receivable, Originated, Year Three | 470,813 | 286,085 | |
Financing Receivable, Originated, Year Four | 275,065 | 193,481 | |
Financing Receivable, Originated, Year Five | 171,904 | 156,736 | |
Financing Receivable, Originated, More Than Five Years | 805,240 | 696,300 | |
Financing Receivable, Revolving | 799,522 | 722,371 | |
Financing Receivable, Revolving, Converted to Term Loan | 506 | 639 | |
Total | 3,498,607 | 3,373,907 | |
Performing [Member] | Commercial [Member] | Services [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 502 | |
Financing Receivable, Originated, Year Two | 19,077 | 5,139 | |
Financing Receivable, Originated, Year Three | 1,365 | 989 | |
Financing Receivable, Originated, Year Four | 219 | 771 | |
Financing Receivable, Originated, Year Five | 672 | 894 | |
Financing Receivable, Originated, More Than Five Years | 2,521 | 1,345 | |
Financing Receivable, Revolving | 6,246 | 8,668 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 30,100 | 18,308 | |
Performing [Member] | Commercial [Member] | Services [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 397 | 0 | |
Financing Receivable, Originated, Year Three | 86 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 2,459 | |
Financing Receivable, Originated, Year Five | 2,232 | 43 | |
Financing Receivable, Originated, More Than Five Years | 2,599 | 2,789 | |
Financing Receivable, Revolving | 21,499 | 17,665 | |
Financing Receivable, Revolving, Converted to Term Loan | 84 | 122 | |
Total | 26,897 | 23,078 | |
Performing [Member] | Commercial [Member] | General business [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 288,367 | 725,894 | |
Financing Receivable, Originated, Year Two | 607,548 | 361,839 | |
Financing Receivable, Originated, Year Three | 320,451 | 198,274 | |
Financing Receivable, Originated, Year Four | 162,810 | 172,878 | |
Financing Receivable, Originated, Year Five | 147,988 | 139,140 | |
Financing Receivable, Originated, More Than Five Years | 355,227 | 283,694 | |
Financing Receivable, Revolving | 1,336,404 | 1,570,536 | |
Financing Receivable, Revolving, Converted to Term Loan | 2,193 | 2,329 | |
Total | 3,220,988 | 3,454,584 | |
Performing [Member] | Commercial [Member] | General business [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 17,759 | |
Financing Receivable, Originated, Year Two | 7,515 | 13,065 | |
Financing Receivable, Originated, Year Three | 8,200 | 208 | |
Financing Receivable, Originated, Year Four | 87 | 71 | |
Financing Receivable, Originated, Year Five | 70 | 7 | |
Financing Receivable, Originated, More Than Five Years | 1,762 | 2,291 | |
Financing Receivable, Revolving | 31,903 | 7,094 | |
Financing Receivable, Revolving, Converted to Term Loan | 25 | 26 | |
Total | 49,562 | 40,521 | |
Performing [Member] | Commercial [Member] | General business [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 5,516 | 0 | |
Financing Receivable, Originated, Year Two | 38,443 | 2,169 | |
Financing Receivable, Originated, Year Three | 6,841 | 66 | |
Financing Receivable, Originated, Year Four | 56 | 4,130 | |
Financing Receivable, Originated, Year Five | 4,013 | 4,680 | |
Financing Receivable, Originated, More Than Five Years | 7,940 | 3,287 | |
Financing Receivable, Revolving | 13,929 | 94 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 4 | |
Total | 76,738 | 14,430 | |
Performing [Member] | Commercial real estate [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 46,900 | 1,188,483 | |
Financing Receivable, Originated, Year Two | 1,383,300 | 1,158,002 | |
Financing Receivable, Originated, Year Three | 1,187,644 | 552,616 | |
Financing Receivable, Originated, Year Four | 540,129 | 641,102 | |
Financing Receivable, Originated, Year Five | 644,511 | 247,625 | |
Financing Receivable, Originated, More Than Five Years | 832,101 | 633,304 | |
Financing Receivable, Revolving | 148,063 | 161,616 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 4,782,648 | 4,582,748 | |
Performing [Member] | Commercial real estate [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 0 | |
Financing Receivable, Originated, Year Five | 0 | 0 | |
Financing Receivable, Originated, More Than Five Years | 11,000 | 0 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 11,000 | 0 | |
Performing [Member] | Commercial real estate [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | ||
Financing Receivable, Originated, Year Two | 0 | ||
Financing Receivable, Originated, Year Three | 0 | ||
Financing Receivable, Originated, Year Four | 7,459 | ||
Financing Receivable, Originated, Year Five | 0 | ||
Financing Receivable, Originated, More Than Five Years | 0 | ||
Financing Receivable, Revolving | 0 | ||
Financing Receivable, Revolving, Converted to Term Loan | 0 | ||
Total | 7,459 | ||
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 71,000 | 354,497 | |
Financing Receivable, Originated, Year Two | 348,697 | 373,190 | |
Financing Receivable, Originated, Year Three | 371,044 | 393,002 | |
Financing Receivable, Originated, Year Four | 380,908 | 63,142 | |
Financing Receivable, Originated, Year Five | 61,409 | 40,525 | |
Financing Receivable, Originated, More Than Five Years | 285,877 | 260,625 | |
Financing Receivable, Revolving | 351,428 | 352,126 | |
Financing Receivable, Revolving, Converted to Term Loan | 21,242 | 22,176 | |
Total | 1,891,605 | 1,859,283 | |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 68 | 81 | |
Financing Receivable, Originated, Year Three | 0 | 42 | |
Financing Receivable, Originated, Year Four | 1,355 | 0 | |
Financing Receivable, Originated, Year Five | 0 | 142 | |
Financing Receivable, Originated, More Than Five Years | 309 | 388 | |
Financing Receivable, Revolving | 2,843 | 527 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 87 | |
Total | 4,575 | 1,267 | |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 187 | |
Financing Receivable, Originated, Year Four | 0 | 0 | |
Financing Receivable, Originated, Year Five | 0 | 0 | |
Financing Receivable, Originated, More Than Five Years | 7 | 138 | |
Financing Receivable, Revolving | 147 | 117 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 1 | |
Total | 154 | 443 | |
Performing [Member] | Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 289 | |
Financing Receivable, Originated, Year Two | 1,021 | 2,254 | |
Financing Receivable, Originated, Year Three | 2,321 | 9,000 | |
Financing Receivable, Originated, Year Four | 7,321 | 10,722 | |
Financing Receivable, Originated, Year Five | 8,963 | 17,244 | |
Financing Receivable, Originated, More Than Five Years | 190,825 | 191,426 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 210,451 | 230,935 | |
Performing [Member] | Loans to individuals [Member] | Personal [Member] | Pass [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 24,231 | 254,497 | |
Financing Receivable, Originated, Year Two | 236,041 | 193,095 | |
Financing Receivable, Originated, Year Three | 190,370 | 154,887 | |
Financing Receivable, Originated, Year Four | 156,515 | 172,114 | |
Financing Receivable, Originated, Year Five | 181,332 | 68,871 | |
Financing Receivable, Originated, More Than Five Years | 220,604 | 201,278 | |
Financing Receivable, Revolving | 550,478 | 549,187 | |
Financing Receivable, Revolving, Converted to Term Loan | 253 | 332 | |
Total | 1,559,824 | 1,594,261 | |
Performing [Member] | Loans to individuals [Member] | Personal [Member] | Special Mention [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 47 | |
Financing Receivable, Originated, Year Two | 115 | 28 | |
Financing Receivable, Originated, Year Three | 109 | 40 | |
Financing Receivable, Originated, Year Four | 47 | 12 | |
Financing Receivable, Originated, Year Five | 2 | 17 | |
Financing Receivable, Originated, More Than Five Years | 0 | 0 | |
Financing Receivable, Revolving | 6,055 | 6,003 | |
Financing Receivable, Revolving, Converted to Term Loan | 39 | 4 | |
Total | 6,367 | 6,151 | |
Performing [Member] | Loans to individuals [Member] | Personal [Member] | Accruing Substandard [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 17 | 444 | |
Financing Receivable, Originated, Year Three | 40 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 160 | |
Financing Receivable, Originated, Year Five | 160 | 0 | |
Financing Receivable, Originated, More Than Five Years | 0 | 0 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 217 | 604 | |
Nonperforming Financial Instruments [Member] | Commercial [Member] | Energy [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 0 | |
Financing Receivable, Originated, Year Five | 0 | 0 | |
Financing Receivable, Originated, More Than Five Years | 127 | 159 | |
Financing Receivable, Revolving | 0 | 1,240 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 127 | 1,399 | |
Nonperforming Financial Instruments [Member] | Commercial [Member] | Healthcare [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 26,480 | |
Financing Receivable, Originated, Year Five | 26,137 | 6,373 | |
Financing Receivable, Originated, More Than Five Years | 11,110 | 8,181 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 37,247 | 41,034 | |
Nonperforming Financial Instruments [Member] | Commercial [Member] | Services [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 5,570 | |
Financing Receivable, Originated, Year Three | 5,281 | 449 | |
Financing Receivable, Originated, Year Four | 376 | 0 | |
Financing Receivable, Originated, Year Five | 0 | 0 | |
Financing Receivable, Originated, More Than Five Years | 0 | 2,389 | |
Financing Receivable, Revolving | 2,441 | 7,820 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 8,098 | 16,228 | |
Nonperforming Financial Instruments [Member] | Commercial [Member] | General business [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 1,052 | |
Financing Receivable, Originated, Year Four | 1,030 | 14 | |
Financing Receivable, Originated, Year Five | 14 | 72 | |
Financing Receivable, Originated, More Than Five Years | 68 | 5 | |
Financing Receivable, Revolving | 7,842 | 485 | |
Financing Receivable, Revolving, Converted to Term Loan | 7 | 8 | |
Total | 8,961 | 1,636 | |
Nonperforming Financial Instruments [Member] | Commercial real estate [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 0 | |
Financing Receivable, Originated, Year Four | 0 | 0 | |
Financing Receivable, Originated, Year Five | 7,459 | 0 | |
Financing Receivable, Originated, More Than Five Years | 14,209 | 16,570 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 21,668 | 16,570 | |
Nonperforming Financial Instruments [Member] | Loans to individuals [Member] | Residential mortgage [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 32 | |
Financing Receivable, Originated, Year Two | 1,184 | 1,656 | |
Financing Receivable, Originated, Year Three | 1,738 | 2,717 | |
Financing Receivable, Originated, Year Four | 2,851 | 362 | |
Financing Receivable, Originated, Year Five | 649 | 1,904 | |
Financing Receivable, Originated, More Than Five Years | 20,547 | 20,139 | |
Financing Receivable, Revolving | 1,994 | 2,216 | |
Financing Receivable, Revolving, Converted to Term Loan | 730 | 765 | |
Total | 29,693 | 29,791 | |
Nonperforming Financial Instruments [Member] | Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 0 | |
Financing Receivable, Originated, Year Two | 0 | 0 | |
Financing Receivable, Originated, Year Three | 0 | 299 | |
Financing Receivable, Originated, Year Four | 299 | 1,460 | |
Financing Receivable, Originated, Year Five | 1,005 | 2,319 | |
Financing Receivable, Originated, More Than Five Years | 12,998 | 10,927 | |
Financing Receivable, Revolving | 0 | 0 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | 14,302 | 15,005 | |
Nonperforming Financial Instruments [Member] | Loans to individuals [Member] | Personal [Member] | Nonaccrual [Member] | |||
Financing Receivable, Credit Quality Indicator Line Items [Abstract] | |||
Financing Receivable, Originated, Year One | 0 | 38 | |
Financing Receivable, Originated, Year Two | 69 | 7 | |
Financing Receivable, Originated, Year Three | 5 | 12 | |
Financing Receivable, Originated, Year Four | 10 | 22 | |
Financing Receivable, Originated, Year Five | 19 | 14 | |
Financing Receivable, Originated, More Than Five Years | 19 | 18 | |
Financing Receivable, Revolving | 78 | 23 | |
Financing Receivable, Revolving, Converted to Term Loan | 0 | 0 | |
Total | $ 200 | $ 134 |
Loans and Allowances for Cred_5
Loans and Allowances for Credit Losses Loans and Allowances for Credit Losses, Nonaccrual (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | $ 120,295 | $ 121,797 |
Financing Receivable, Nonaccrual, No Allowance | 98,545 | 90,854 |
Financing Receivable, Nonaccrual, With Allowance | 21,750 | 30,943 |
Financing Receivable, Nonaccrual, Related Allowance | 4,033 | 5,570 |
Commercial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 54,432 | 60,297 |
Financing Receivable, Nonaccrual, No Allowance | 46,722 | 45,531 |
Financing Receivable, Nonaccrual, With Allowance | 7,710 | 14,766 |
Financing Receivable, Nonaccrual, Related Allowance | 2,483 | 4,020 |
Commercial [Member] | Energy [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 127 | 1,399 |
Financing Receivable, Nonaccrual, No Allowance | 127 | 1,399 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Commercial [Member] | Healthcare [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 37,247 | 41,034 |
Financing Receivable, Nonaccrual, No Allowance | 37,247 | 34,661 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 6,373 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 946 |
Commercial [Member] | Services [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 8,097 | 16,228 |
Financing Receivable, Nonaccrual, No Allowance | 387 | 7,835 |
Financing Receivable, Nonaccrual, With Allowance | 7,710 | 8,393 |
Financing Receivable, Nonaccrual, Related Allowance | 2,483 | 3,074 |
Commercial [Member] | General business [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 8,961 | 1,636 |
Financing Receivable, Nonaccrual, No Allowance | 8,961 | 1,636 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Commercial real estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 21,668 | 16,570 |
Financing Receivable, Nonaccrual, No Allowance | 7,628 | 393 |
Financing Receivable, Nonaccrual, With Allowance | 14,040 | 16,177 |
Financing Receivable, Nonaccrual, Related Allowance | 1,550 | 1,550 |
Loans to individuals [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 44,195 | 44,930 |
Financing Receivable, Nonaccrual, No Allowance | 44,195 | 44,930 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 29,693 | 29,791 |
Financing Receivable, Nonaccrual, No Allowance | 29,693 | 29,791 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
Loans to individuals [Member] | Personal [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 200 | 134 |
Financing Receivable, Nonaccrual, No Allowance | 200 | 134 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | 0 | 0 |
US Government Agency Insured Loans [Member] | Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual | 14,302 | 15,005 |
Financing Receivable, Nonaccrual, No Allowance | 14,302 | 15,005 |
Financing Receivable, Nonaccrual, With Allowance | 0 | 0 |
Financing Receivable, Nonaccrual, Related Allowance | $ 0 | $ 0 |
Loans and Allowances for Cred_6
Loans and Allowances for Credit Losses, Modifications (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Modified in Period, Amount | $ 35,000 |
Healthcare [Member] | Commercial [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Modified in Period, Amount | 26,000 |
US Government Agency Insured Loans [Member] | Residential mortgage [Member] | Loans to individuals [Member] | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | |
Financing Receivable, Modified, Subsequent Default | 511 |
Financing Receivable, Modified in Period, Amount | $ 8,400 |
Loans and Allowances for Cred_7
Loans and Allowances for Credit Losses, By Aging Category (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | $ 65,056 | $ 76,114 |
Current and Past Due Performing Loans | 22,750,053 | 22,557,150 |
30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 74,016 | 55,039 |
60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 613 | 51,614 |
90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 110,990 | 94,633 |
Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 22,564,434 | 22,355,864 |
Commercial [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 54 | 396 |
Current and Past Due Performing Loans | 14,217,349 | 14,212,499 |
Commercial [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 7,336 | 7,255 |
Commercial [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 62 | 30,365 |
Commercial [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 32,489 | 5,813 |
Commercial [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 14,177,462 | 14,169,066 |
Commercial [Member] | Energy [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 3,398,057 | 3,424,790 |
Commercial [Member] | Energy [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 24 |
Commercial [Member] | Energy [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 0 |
Commercial [Member] | Energy [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 0 |
Commercial [Member] | Energy [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,398,057 | 3,424,766 |
Commercial [Member] | Healthcare [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 45 | 0 |
Current and Past Due Performing Loans | 3,899,341 | 3,845,017 |
Commercial [Member] | Healthcare [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 5,914 |
Commercial [Member] | Healthcare [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 26,480 |
Commercial [Member] | Healthcare [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 32,420 | 459 |
Commercial [Member] | Healthcare [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,866,921 | 3,812,164 |
Commercial [Member] | Services [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 3,563,702 | 3,431,521 |
Commercial [Member] | Services [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 6,844 | 1,060 |
Commercial [Member] | Services [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 45 | 2,461 |
Commercial [Member] | Services [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 60 | 4,958 |
Commercial [Member] | Services [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,556,753 | 3,423,042 |
Commercial [Member] | General business [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 9 | 396 |
Current and Past Due Performing Loans | 3,356,249 | 3,511,171 |
Commercial [Member] | General business [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 492 | 257 |
Commercial [Member] | General business [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 17 | 1,424 |
Commercial [Member] | General business [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 9 | 396 |
Commercial [Member] | General business [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,355,731 | 3,509,094 |
Commercial real estate [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 4,815,316 | 4,606,777 |
Commercial real estate [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 8,965 | 531 |
Commercial real estate [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 45 | 0 |
Commercial real estate [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 217 |
Commercial real estate [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 4,806,306 | 4,606,029 |
Loans to individuals [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 65,002 | 75,718 |
Current and Past Due Performing Loans | 3,717,388 | 3,737,874 |
Loans to individuals [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 57,715 | 47,253 |
Loans to individuals [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 506 | 21,249 |
Loans to individuals [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 78,501 | 88,603 |
Loans to individuals [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 3,580,666 | 3,580,769 |
Loans to individuals [Member] | Residential mortgage [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 22 | 114 |
Current and Past Due Performing Loans | 1,926,027 | 1,890,784 |
Loans to individuals [Member] | Residential mortgage [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 8,315 | 10,632 |
Loans to individuals [Member] | Residential mortgage [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 363 | 1,828 |
Loans to individuals [Member] | Residential mortgage [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 6,550 | 6,169 |
Loans to individuals [Member] | Residential mortgage [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 1,910,799 | 1,872,155 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 64,980 | 75,604 |
Current and Past Due Performing Loans | 224,753 | 245,940 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 48,833 | 36,119 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 0 | 19,400 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 71,928 | 82,402 |
Loans to individuals [Member] | Residential mortgage [Member] | US Government Agency Insured Loans [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 103,992 | 108,019 |
Loans to individuals [Member] | Personal [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due 90 Days or More and Accruing | 0 | 0 |
Current and Past Due Performing Loans | 1,566,608 | 1,601,150 |
Loans to individuals [Member] | Personal [Member] | 30 to 59 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 567 | 502 |
Loans to individuals [Member] | Personal [Member] | 60 to 89 Days [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 143 | 21 |
Loans to individuals [Member] | Personal [Member] | 90 Days or More [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | 23 | 32 |
Loans to individuals [Member] | Personal [Member] | Financial Asset, Not Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Current and Past Due Performing Loans | $ 1,565,875 | $ 1,600,595 |
Mortgage Banking Activities, Co
Mortgage Banking Activities, Components of Loans Held For Sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | |||
Number of days for past due for loan to be considered nonperforming (in days) | 90 days | 90 days | |
Residential mortgage loans held for sale, nonperforming | $ 0 | $ 0 | |
Credit losses recognized on residential mortgage loans held for sale | 0 | $ 0 | |
Components of Residential Mortgage Loans Held for Sale [Abstract] | |||
Unpaid principal balance | 72,746 | 74,941 | |
Residential mortgage loans held for sale, Fair value | 72,113 | 73,938 | |
Residential mortgage loans held for sale | $ 74,175 | $ 75,272 | |
Residential Mortgage Loan Commitments [Member] | Not Designated as Hedging Instrument [Member] | |||
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | |||
General number of days outstanding for residential mortgage commitments, minimum (in days) | 60 days | 60 days | |
General number of days outstanding for residential mortgage commitments, maximum (in days) | 90 days | 90 days | |
Components of Residential Mortgage Loans Held for Sale [Abstract] | |||
Derivative, Notional Amount | $ 71,693 | $ 45,492 | |
Derivative, Net fair value | $ 2,694 | $ 1,054 | |
Forward sales contracts [Member] | Not Designated as Hedging Instrument [Member] | |||
Schedule of Residential Mortgage Loans Held For Sale [Line Items] | |||
General number of days for delivery of loans, for which the price is set by forward sales contracts, minimum (in days) | 60 days | 60 days | |
General number of days for delivery for loans, for which the price is set by forward sales contracts, maximum (in days) | 90 days | 90 days | |
Components of Residential Mortgage Loans Held for Sale [Abstract] | |||
Derivative, Notional Amount | $ 127,427 | $ 109,469 | |
Derivative, Net fair value | $ (632) | $ 280 |
Mortgage Banking Activities Mor
Mortgage Banking Activities Mortgage Banking Activities, Mortgage Banking Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Mortgage Banking Revenue [Abstract] | ||
Net realized gains (losses) on sale of mortgage loans | $ (1,731) | $ 6,883 |
Net change in unrealized gain (loss) on mortgage loans held for sale | 370 | (5,827) |
Net change in the fair value of mortgage loan commitments | 1,640 | (3,298) |
Net change in the fair value of forward sales contracts | (912) | 7,297 |
Total production revenue | (633) | 5,055 |
Servicing revenue | 15,000 | 11,595 |
Total mortgage banking revenue | $ 14,367 | $ 16,650 |
Mortgage Banking Activities, Mo
Mortgage Banking Activities, Mortgage Servicing Rights (Details) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Summary of Mortgage Servicing Rights [Abstract] | |||
Number of residential mortgage loans serviced for others | 118,303 | 110,541 | |
Outstanding principal balance of residential mortgage loans serviced for others | $ 21,009,762,000 | $ 18,863,201,000 | |
Weighted average interest rate | 3.55% | 3.59% | |
Remaining term (in months) | 285 months | 283 months | |
Servicing Asset at Fair Value, Amount [Roll Forward] | |||
Beginning balance | $ 277,608,000 | $ 163,198,000 | $ 163,198,000 |
Additions | 2,500,000 | 5,215,000 | |
Acquisitions | 31,138,000 | 0 | |
Changes due to principal payments | (5,384,000) | (7,960,000) | |
Change in fair value due to market assumption changes | (6,059,000) | 49,110,000 | |
Ending balance | $ 299,803,000 | $ 209,563,000 | $ 277,608,000 |
Servicing Assets at Fair Value, Assumptions Used to Estimate Fair Value [Abstract] | |||
Discount rate - risk-free rate plus a market premium (in hundredths) | 8.95% | 9.51% | |
Prepayment rate - based upon loan interest rate, original term and loan type | 7.43% | 7.54% | |
Loan servicing costs - annually per loan based upon loan type, performing, minimum (in dollars per loan) | $ 69 | $ 69 | |
Loan servicing costs - annually per loan based upon loan type, performing, maximum (in dollars per loan) | 94 | 94 | |
Loan servicing costs - annually per loan based upon loan type, delinquent, minimum (in dollars per loan) | 150 | 150 | |
Loan servicing costs - annually per loan based upon loan type, delinquent, maximum (in dollars per loan) | 500 | 500 | |
Loan servicing costs - annually per loan based upon loan type, foreclosure, minimum (in dollars per loan) | 875 | 875 | |
Loan servicing costs - annually per loan based upon loan type, foreclosure, maximum (in dollars per loan) | $ 8,000 | $ 8,000 | |
Escrow earnings rate - indexed to rates paid on deposit accounts with comparable average life (in hundredths) | 3.66% | 4.06% | |
Primary secondary mortgage rate spread | 105 | 105 | |
Delinquency rate | 1.40% | 2.33% |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities (Details) | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Judicial Ruling [Member] | Misuse of Revenues Pledged to Municipal Bonds [Member] | |
Litigation Settlement [Abstract] | |
Disgorged fees | $ 1,067,721 |
Litigation Settlement, Amount Awarded to Other Party | $ 600,000 |
Pending Litigation [Member] | Misuse of Revenues Pledged to Municipal Bonds [Member] | |
Litigation Settlement [Abstract] | |
Loss Contingency, Number of Plaintiffs | 2 |
Pending Litigation [Member] | Bank Participation in Fraudulent Sale of Securities by Principals [Member] | |
Litigation Settlement [Abstract] | |
Loss Contingency, Number of Plaintiffs | 19 |
Outstanding principal accrued interest and other amounts upon sale of facilities securing payment of the bonds | $ 25,000,000 |
Principal amount of entered judgment against the principal individual and his wife | 36,805,051 |
Pre-judgment interest amount of entered judgment against the principal individual and his wife | $ 10,937,831 |
Commitments and Contingent Li_3
Commitments and Contingent Liabilities Variable Interest Entities (Details) $ in Millions | Mar. 31, 2023 USD ($) |
Other Assets [Member] | |
Variable Interest Entity [Line Items] | |
Amortization Method Qualified Affordable Housing Project Investments | $ 401 |
Other Liabilities [Member] | |
Variable Interest Entity [Line Items] | |
Qualified Affordable Housing Project Investments, Commitment | $ 94 |
Shareholders' Equity (Details)
Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | ||
May 02, 2023 | Mar. 31, 2023 | Mar. 31, 2022 | |
Dividends declared (in dollars per share) | $ 0.54 | $ 0.53 | |
Schedule of Accumulated Other Income (Loss) [Abstract] | |||
Balance, Beginning of Period | $ (836,955) | $ 72,371 | |
Net change in unrealized gain (loss) | 124,045 | (639,041) | |
Gain on available for sale securities, net | 0 | (937) | |
Interest revenue, Investment securities | 16,051 | 0 | |
Other comprehensive income, before income taxes | 140,096 | (639,978) | |
Federal and state income taxes | 31,695 | (149,781) | |
Other comprehensive income, net of income taxes | 108,401 | (490,197) | |
Balance, End of Period | (728,554) | (417,826) | |
Accumulated Net Unrealized Gain (Loss) on Available for Sale Securities [Member] | |||
Schedule of Accumulated Other Income (Loss) [Abstract] | |||
Balance, Beginning of Period | (664,618) | 69,775 | |
Net change in unrealized gain (loss) | 124,045 | (639,041) | |
Gain on available for sale securities, net | (937) | ||
Interest revenue, Investment securities | 0 | ||
Other comprehensive income, before income taxes | 124,045 | (639,978) | |
Federal and state income taxes | 28,179 | (149,781) | |
Other comprehensive income, net of income taxes | 95,866 | (490,197) | |
Balance, End of Period | (568,752) | (420,422) | |
AOCI, Accumulated Gain (Loss), Debt Securities, Investment Securities Transferred from Available-for-sale, Parent | |||
Schedule of Accumulated Other Income (Loss) [Abstract] | |||
Balance, Beginning of Period | (172,337) | 0 | |
Net change in unrealized gain (loss) | 0 | 0 | |
Gain on available for sale securities, net | 0 | ||
Interest revenue, Investment securities | 16,051 | ||
Other comprehensive income, before income taxes | 16,051 | 0 | |
Federal and state income taxes | 3,516 | 0 | |
Other comprehensive income, net of income taxes | 12,535 | 0 | |
Balance, End of Period | (159,802) | 0 | |
Accumulated Unrealized Gain (Loss) on Employee Benefit Plans [Member] | |||
Schedule of Accumulated Other Income (Loss) [Abstract] | |||
Balance, Beginning of Period | 0 | 2,596 | |
Net change in unrealized gain (loss) | 0 | 0 | |
Gain on available for sale securities, net | 0 | ||
Interest revenue, Investment securities | 0 | ||
Other comprehensive income, before income taxes | 0 | 0 | |
Federal and state income taxes | 0 | 0 | |
Other comprehensive income, net of income taxes | 0 | 0 | |
Balance, End of Period | $ 0 | $ 2,596 | |
Subsequent Event [Member] | |||
Dividends Payable, Date Declared | May 02, 2023 | ||
Dividends declared (in dollars per share) | $ 0.54 | ||
Dividends Payable, Date to be Paid | May 30, 2023 | ||
Dividends Payable, Date of Record | May 15, 2023 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Numerator: [Abstract] | ||
Net income attributable to BOK Financial Corp. shareholders | $ 162,368 | $ 62,488 |
Less: Earnings allocated to participating securities | 1,255 | 451 |
Numerator for basic earnings per share – income available to common shareholders | 161,113 | 62,037 |
Effect of reallocating undistributed earnings of participating securities | 0 | 0 |
Numerator for diluted earnings per share – income available to common shareholders | $ 161,113 | $ 62,037 |
Denominator: [Abstract] | ||
Weighted average shares outstanding (in shares) | 66,849,288 | 68,306,107 |
Less: Participating securities included in weighted average shares (in shares) | 517,513 | 493,707 |
Denominator for basic earnings per common share (in shares) | 66,331,775 | 67,812,400 |
Dilutive effect of employee stock compensation plans (in shares) | 0 | 1,451 |
Denominator for diluted earnings per common share (in shares) | 66,331,775 | 67,813,851 |
Basic earnings per share | $ 2.43 | $ 0.91 |
Diluted earnings per share | $ 2.43 | $ 0.91 |
Reportable Segments (Details)
Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Segment Reporting Information [Line Items] | ||
Net interest revenue from external sources | $ 352,348 | $ 268,411 |
Net interest revenue (expense) from internal sources | 0 | 0 |
Net interest revenue | 352,348 | 268,411 |
Provision for credit losses | 16,000 | 0 |
Net interest revenue after provision for credit losses | 336,348 | 268,411 |
Other operating revenue | 177,865 | 87,856 |
Other operating expense | 305,812 | 277,618 |
Net direct contribution | 208,401 | 78,649 |
Gain (loss) on financial instruments, net | 0 | 0 |
Change in fair value of mortgage servicing rights | 0 | 0 |
Gain (loss) on repossessed assets, net | 0 | 0 |
Corporate expense allocations | 0 | 0 |
Net income before taxes | 208,401 | 78,649 |
Federal and state income taxes | 45,905 | 16,197 |
Net income | 162,496 | 62,452 |
Net income (loss) attributable to non-controlling interests | 128 | (36) |
Net income attributable to BOK Financial Corp. shareholders | 162,368 | 62,488 |
Average assets | 45,982,468 | 50,561,074 |
Operating Segments [Member] | Commercial [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest revenue from external sources | 287,646 | 147,590 |
Net interest revenue (expense) from internal sources | (21,101) | (10,579) |
Net interest revenue | 266,545 | 137,011 |
Provision for credit losses | 76 | 5,343 |
Net interest revenue after provision for credit losses | 266,469 | 131,668 |
Other operating revenue | 56,845 | 57,427 |
Other operating expense | 73,504 | 65,114 |
Net direct contribution | 249,810 | 123,981 |
Gain (loss) on financial instruments, net | (58) | (204) |
Change in fair value of mortgage servicing rights | 0 | 0 |
Gain (loss) on repossessed assets, net | 859 | 1,793 |
Corporate expense allocations | 17,729 | 16,246 |
Net income before taxes | 232,882 | 109,324 |
Federal and state income taxes | 56,335 | 26,980 |
Net income | 176,547 | 82,344 |
Net income (loss) attributable to non-controlling interests | 0 | 0 |
Net income attributable to BOK Financial Corp. shareholders | 176,547 | 82,344 |
Average assets | 28,162,934 | 29,823,905 |
Operating Segments [Member] | Consumer [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest revenue from external sources | 21,146 | 16,915 |
Net interest revenue (expense) from internal sources | 88,235 | 10,292 |
Net interest revenue | 109,381 | 27,207 |
Provision for credit losses | 1,184 | 1,112 |
Net interest revenue after provision for credit losses | 108,197 | 26,095 |
Other operating revenue | 30,610 | 33,961 |
Other operating expense | 50,198 | 48,789 |
Net direct contribution | 88,609 | 11,267 |
Gain (loss) on financial instruments, net | (4,673) | (57,895) |
Change in fair value of mortgage servicing rights | (6,059) | 49,110 |
Gain (loss) on repossessed assets, net | 14 | 45 |
Corporate expense allocations | 11,618 | 12,080 |
Net income before taxes | 66,273 | (9,553) |
Federal and state income taxes | 15,586 | (2,236) |
Net income | 50,687 | (7,317) |
Net income (loss) attributable to non-controlling interests | 0 | 0 |
Net income attributable to BOK Financial Corp. shareholders | 50,687 | (7,317) |
Average assets | 9,934,511 | 10,273,890 |
Operating Segments [Member] | Wealth Management [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest revenue from external sources | 20,940 | 56,231 |
Net interest revenue (expense) from internal sources | 33,166 | (465) |
Net interest revenue | 54,106 | 55,766 |
Provision for credit losses | (24) | (71) |
Net interest revenue after provision for credit losses | 54,130 | 55,837 |
Other operating revenue | 108,911 | 25,018 |
Other operating expense | 82,039 | 74,620 |
Net direct contribution | 81,002 | 6,235 |
Gain (loss) on financial instruments, net | 0 | 0 |
Change in fair value of mortgage servicing rights | 0 | 0 |
Gain (loss) on repossessed assets, net | 0 | 0 |
Corporate expense allocations | 12,386 | 12,071 |
Net income before taxes | 68,616 | (5,836) |
Federal and state income taxes | 16,189 | (1,315) |
Net income | 52,427 | (4,521) |
Net income (loss) attributable to non-controlling interests | 0 | 0 |
Net income attributable to BOK Financial Corp. shareholders | 52,427 | (4,521) |
Average assets | 11,663,096 | 21,323,795 |
Funds Management and Other [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest revenue from external sources | 22,616 | 47,675 |
Net interest revenue (expense) from internal sources | (100,300) | 752 |
Net interest revenue | (77,684) | 48,427 |
Provision for credit losses | 14,764 | (6,384) |
Net interest revenue after provision for credit losses | (92,448) | 54,811 |
Other operating revenue | (18,501) | (28,550) |
Other operating expense | 100,071 | 89,095 |
Net direct contribution | (211,020) | (62,834) |
Gain (loss) on financial instruments, net | 4,731 | 58,099 |
Change in fair value of mortgage servicing rights | 6,059 | (49,110) |
Gain (loss) on repossessed assets, net | (873) | (1,838) |
Corporate expense allocations | (41,733) | (40,397) |
Net income before taxes | (159,370) | (15,286) |
Federal and state income taxes | (42,205) | (7,232) |
Net income | (117,165) | (8,054) |
Net income (loss) attributable to non-controlling interests | 128 | (36) |
Net income attributable to BOK Financial Corp. shareholders | (117,293) | (8,018) |
Average assets | $ (3,778,073) | $ (10,860,516) |
Fees and Commissions Revenue _3
Fees and Commissions Revenue Fees and Commissions (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | |||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | $ 185,979 | $ 97,635 | ||
Fees and commissions revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 185,979 | 97,635 | ||
Fees and commission revenue not from contracts with customers | 62,477 | [1] | (16,086) | [2] |
Fees and commissions revenue from contracts with customers | 123,502 | [3] | 113,721 | [4] |
Brokerage and trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 52,396 | (27,079) | ||
Fees and commission revenue not from contracts with customers | 39,550 | [1] | (40,011) | [2] |
Fees and commissions revenue from contracts with customers | 12,846 | [3] | 12,932 | [4] |
Trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 27,598 | (54,048) | ||
Fees and commission revenue not from contracts with customers | 27,598 | [1] | (54,048) | [2] |
Fees and commissions revenue from contracts with customers | 0 | [3] | 0 | [4] |
Customer hedging revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 8,354 | 10,938 | ||
Fees and commission revenue not from contracts with customers | 8,354 | [1] | 10,938 | [2] |
Fees and commissions revenue from contracts with customers | 0 | [3] | 0 | [4] |
Retail brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 3,844 | 4,610 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 3,844 | [3] | 4,610 | [4] |
Insurance brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 3,306 | 3,738 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 3,306 | [3] | 3,738 | [4] |
Investment banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 9,294 | 7,683 | ||
Fees and commission revenue not from contracts with customers | 3,598 | [1] | 3,099 | [2] |
Fees and commissions revenue from contracts with customers | 5,696 | [3] | 4,584 | [4] |
Transaction card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 25,621 | 24,216 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 25,621 | [3] | 24,216 | [4] |
TransFund EFT network revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 21,392 | 19,023 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 21,392 | [3] | 19,023 | [4] |
Merchant services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 2,158 | 3,651 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 2,158 | [3] | 3,651 | [4] |
Corporate card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 2,071 | 1,542 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 2,071 | [3] | 1,542 | [4] |
Fiduciary and asset management revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 50,657 | 46,399 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 50,657 | [3] | 46,399 | [4] |
Personal trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 23,945 | 24,797 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 23,945 | [3] | 24,797 | [4] |
Corporate trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 7,660 | 3,958 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 7,660 | [3] | 3,958 | [4] |
Institutional trust & retirement plan services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 12,835 | 12,567 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 12,835 | [3] | 12,567 | [4] |
Investment management services and other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 6,217 | 5,077 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 6,217 | [3] | 5,077 | [4] |
Deposit service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 25,968 | 27,004 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 25,968 | [3] | 27,004 | [4] |
Commercial account service charge revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 13,847 | 14,094 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 13,847 | [3] | 14,094 | [4] |
Overdraft fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 4,873 | 6,247 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 4,873 | [3] | 6,247 | [4] |
Check card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 5,639 | 5,545 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 5,639 | [3] | 5,545 | [4] |
Automated service charge and other deposit fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1,609 | 1,118 | ||
Fees and commission revenue not from contracts with customers | 0 | [1] | 0 | [2] |
Fees and commissions revenue from contracts with customers | 1,609 | [3] | 1,118 | [4] |
Mortgage banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 14,367 | 16,650 | ||
Fees and commission revenue not from contracts with customers | 14,367 | [1] | 16,650 | [2] |
Fees and commissions revenue from contracts with customers | 0 | [3] | 0 | [4] |
Mortgage production revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (633) | 5,055 | ||
Fees and commission revenue not from contracts with customers | (633) | [1] | 5,055 | [2] |
Fees and commissions revenue from contracts with customers | 0 | [3] | 0 | [4] |
Mortgage servicing revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 15,000 | 11,595 | ||
Fees and commission revenue not from contracts with customers | 15,000 | [1] | 11,595 | [2] |
Fees and commissions revenue from contracts with customers | 0 | [3] | 0 | [4] |
Other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 16,970 | 10,445 | ||
Fees and commission revenue not from contracts with customers | 8,560 | [1] | 7,275 | [2] |
Fees and commissions revenue from contracts with customers | 8,410 | [3] | 3,170 | [4] |
Operating Segments [Member] | Commercial [Member] | Fees and commissions revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 55,835 | 56,964 | ||
Operating Segments [Member] | Commercial [Member] | Brokerage and trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 10,185 | 16,337 | ||
Operating Segments [Member] | Commercial [Member] | Trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Customer hedging revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 6,487 | 12,979 | ||
Operating Segments [Member] | Commercial [Member] | Retail brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Insurance brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Investment banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 3,698 | 3,358 | ||
Operating Segments [Member] | Commercial [Member] | Transaction card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 24,434 | 23,170 | ||
Operating Segments [Member] | Commercial [Member] | TransFund EFT network revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 20,499 | 18,153 | ||
Operating Segments [Member] | Commercial [Member] | Merchant services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 2,150 | 3,641 | ||
Operating Segments [Member] | Commercial [Member] | Corporate card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1,785 | 1,376 | ||
Operating Segments [Member] | Commercial [Member] | Fiduciary and asset management revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Personal trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Corporate trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Institutional trust & retirement plan services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Investment management services and other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Deposit service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 13,133 | 13,185 | ||
Operating Segments [Member] | Commercial [Member] | Commercial account service charge revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 12,871 | 13,131 | ||
Operating Segments [Member] | Commercial [Member] | Overdraft fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 25 | 31 | ||
Operating Segments [Member] | Commercial [Member] | Check card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Automated service charge and other deposit fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 237 | 23 | ||
Operating Segments [Member] | Commercial [Member] | Mortgage banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Mortgage production revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Mortgage servicing revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Commercial [Member] | Other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 8,083 | 4,272 | ||
Operating Segments [Member] | Consumer [Member] | Fees and commissions revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 30,581 | 33,977 | ||
Operating Segments [Member] | Consumer [Member] | Brokerage and trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Customer hedging revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Retail brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Insurance brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Investment banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Transaction card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 916 | 896 | ||
Operating Segments [Member] | Consumer [Member] | TransFund EFT network revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 908 | 886 | ||
Operating Segments [Member] | Consumer [Member] | Merchant services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 8 | 10 | ||
Operating Segments [Member] | Consumer [Member] | Corporate card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Fiduciary and asset management revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Personal trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Corporate trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Institutional trust & retirement plan services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Investment management services and other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Consumer [Member] | Deposit service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 12,278 | 13,295 | ||
Operating Segments [Member] | Consumer [Member] | Commercial account service charge revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 499 | 450 | ||
Operating Segments [Member] | Consumer [Member] | Overdraft fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 4,828 | 6,193 | ||
Operating Segments [Member] | Consumer [Member] | Check card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 5,638 | 5,545 | ||
Operating Segments [Member] | Consumer [Member] | Automated service charge and other deposit fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1,313 | 1,107 | ||
Operating Segments [Member] | Consumer [Member] | Mortgage banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 14,925 | 17,131 | ||
Operating Segments [Member] | Consumer [Member] | Mortgage production revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (633) | 5,055 | ||
Operating Segments [Member] | Consumer [Member] | Mortgage servicing revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 15,558 | 12,076 | ||
Operating Segments [Member] | Consumer [Member] | Other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 2,462 | 2,655 | ||
Operating Segments [Member] | Wealth Management [Member] | Fees and commissions revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 108,911 | 25,023 | ||
Operating Segments [Member] | Wealth Management [Member] | Brokerage and trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 40,444 | (40,558) | ||
Operating Segments [Member] | Wealth Management [Member] | Trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 27,598 | (54,048) | ||
Operating Segments [Member] | Wealth Management [Member] | Customer hedging revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 100 | 817 | ||
Operating Segments [Member] | Wealth Management [Member] | Retail brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 3,844 | 4,610 | ||
Operating Segments [Member] | Wealth Management [Member] | Insurance brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 3,306 | 3,738 | ||
Operating Segments [Member] | Wealth Management [Member] | Investment banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 5,596 | 4,325 | ||
Operating Segments [Member] | Wealth Management [Member] | Transaction card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 160 | 59 | ||
Operating Segments [Member] | Wealth Management [Member] | TransFund EFT network revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (17) | (17) | ||
Operating Segments [Member] | Wealth Management [Member] | Merchant services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Wealth Management [Member] | Corporate card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 177 | 76 | ||
Operating Segments [Member] | Wealth Management [Member] | Fiduciary and asset management revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 50,678 | 46,443 | ||
Operating Segments [Member] | Wealth Management [Member] | Personal trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 23,945 | 24,797 | ||
Operating Segments [Member] | Wealth Management [Member] | Corporate trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 7,660 | 3,958 | ||
Operating Segments [Member] | Wealth Management [Member] | Institutional trust & retirement plan services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 12,835 | 12,567 | ||
Operating Segments [Member] | Wealth Management [Member] | Investment management services and other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 6,238 | 5,121 | ||
Operating Segments [Member] | Wealth Management [Member] | Deposit service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 556 | 522 | ||
Operating Segments [Member] | Wealth Management [Member] | Commercial account service charge revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 477 | 513 | ||
Operating Segments [Member] | Wealth Management [Member] | Overdraft fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 20 | 23 | ||
Operating Segments [Member] | Wealth Management [Member] | Check card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Wealth Management [Member] | Automated service charge and other deposit fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 59 | (14) | ||
Operating Segments [Member] | Wealth Management [Member] | Mortgage banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Wealth Management [Member] | Mortgage production revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Wealth Management [Member] | Mortgage servicing revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Operating Segments [Member] | Wealth Management [Member] | Other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 17,073 | 18,557 | ||
Funds Management and Other [Member] | Fees and commissions revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (9,348) | (18,329) | ||
Funds Management and Other [Member] | Brokerage and trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1,767 | (2,858) | ||
Funds Management and Other [Member] | Trading revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Customer hedging revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1,767 | (2,858) | ||
Funds Management and Other [Member] | Retail brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Insurance brokerage revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Investment banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Transaction card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 111 | 91 | ||
Funds Management and Other [Member] | TransFund EFT network revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 2 | 1 | ||
Funds Management and Other [Member] | Merchant services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Corporate card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 109 | 90 | ||
Funds Management and Other [Member] | Fiduciary and asset management revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (21) | (44) | ||
Funds Management and Other [Member] | Personal trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Corporate trust revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Institutional trust & retirement plan services revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Investment management services and other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (21) | (44) | ||
Funds Management and Other [Member] | Deposit service charges and fees [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1 | 2 | ||
Funds Management and Other [Member] | Commercial account service charge revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Overdraft fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Check card revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 1 | 0 | ||
Funds Management and Other [Member] | Automated service charge and other deposit fee revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 2 | ||
Funds Management and Other [Member] | Mortgage banking revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (558) | (481) | ||
Funds Management and Other [Member] | Mortgage production revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | 0 | 0 | ||
Funds Management and Other [Member] | Mortgage servicing revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | (558) | (481) | ||
Funds Management and Other [Member] | Other revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total fees and commissions | $ (10,648) | $ (15,039) | ||
[1]Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.[2]Out of scope revenue generally relates to financial instruments or contractual rights and obligations within the scope of other applicable accounting guidance.[3]In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers.[4]In scope revenue represents revenue subject to FASB ASC Topic 606, Revenue from Contracts with Customers. |
Fair Value Measurements, Fair V
Fair Value Measurements, Fair Value Of Financial Instruments as Measured On a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | ||
Assets: [Abstract] | ||||||
Trading securities | $ 2,294,358 | $ 4,464,161 | ||||
Available for sale securities | 11,937,841 | 11,493,860 | ||||
Fair value option securities | 326,390 | 296,590 | ||||
Mortgage servicing rights | 299,803 | 277,608 | $ 209,563 | $ 163,198 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 394,291 | 880,343 | ||||
Liabilities: [Abstract] | ||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 510,483 | 554,900 | ||||
U.S. government securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 5,618 | 9,823 | ||||
Residential agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Municipal securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Asset-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 10,194 | 0 | ||||
U.S. Treasury [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | 0 | ||||
Residential non-agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Commercial agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Other debt securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Available for sale securities | 473 | 473 | ||||
Fair Value, Recurring [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 2,294,358 | 4,464,161 | ||||
Available for sale securities | 11,937,841 | 11,493,860 | ||||
Fair value option securities | 326,390 | |||||
Residential mortgage loans held for sale | 74,175 | [1] | 75,272 | [2] | ||
Mortgage servicing rights | 299,803 | [3] | 277,608 | [4] | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 394,291 | 880,343 | ||||
Liabilities: [Abstract] | ||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 510,483 | 554,900 | ||||
Fair Value, Recurring [Member] | U.S. government securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 5,618 | 9,823 | ||||
Fair Value, Recurring [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Fair Value, Recurring [Member] | Municipal securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Fair Value, Recurring [Member] | Asset-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 10,194 | |||||
Fair Value, Recurring [Member] | Other trading securities | ||||||
Assets: [Abstract] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Fair Value, Recurring [Member] | U.S. Treasury [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Fair Value, Recurring [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Fair Value, Recurring [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Fair Value, Recurring [Member] | Other debt securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 473 | 473 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 4,878 | 4,970 | ||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Residential mortgage loans held for sale | 0 | [1] | 0 | [2] | ||
Mortgage servicing rights | 0 | [3] | 0 | [4] | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 303 | 2,110 | ||||
Liabilities: [Abstract] | ||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 3,822 | 16 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. government securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 4,878 | 4,970 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Asset-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other trading securities | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Treasury [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other debt securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 2,289,480 | 4,459,191 | ||||
Available for sale securities | 11,936,454 | 11,492,489 | ||||
Fair value option securities | 220,083 | |||||
Residential mortgage loans held for sale | 67,024 | [1] | 68,054 | [2] | ||
Mortgage servicing rights | 0 | [3] | 0 | [4] | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 393,988 | 878,233 | ||||
Liabilities: [Abstract] | ||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 506,661 | 554,884 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. government securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 740 | 4,853 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 10,194 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other trading securities | ||||||
Assets: [Abstract] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Treasury [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other debt securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 473 | 473 | ||||
Fair value option securities | 0 | |||||
Residential mortgage loans held for sale | 7,151 | [1] | 7,218 | [2] | ||
Mortgage servicing rights | 299,803 | [3] | 277,608 | [4] | ||
Derviative contracts, net of cash collateral, Assets, Fair value | $ 0 | $ 0 | ||||
Liquidity Discount on Mortgage Loans Qualifying for Sale to US Govt Agencies | 77.43% | 77.55% | ||||
Liabilities: [Abstract] | ||||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | $ 0 | $ 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. government securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Available for sale securities | 0 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other trading securities | ||||||
Assets: [Abstract] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Treasury [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | |||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other debt securities [Member] | ||||||
Assets: [Abstract] | ||||||
Available for sale securities | $ 473 | $ 473 | ||||
[1]Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.43% of the unpaid principal balance.[2]Residential mortgage loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) consist of residential mortgage loans intended for sale to U.S. government agencies that fail to meet conforming standards and are valued at 77.55% of the unpaid principal balance.[3]A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 5, Mortgage Banking Activities. 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes . 3 See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset and liability positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded interest rate derivative contracts held for trading purposes. |
Fair Value Measurements, Fair_2
Fair Value Measurements, Fair Value Measured On a Nonrecurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other gains (losses), net | $ 2,251 | $ (1,644) |
Fair Value, Nonrecurring [Member] | Nonaccruing Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross charge-offs against allowance for loan losses | 1,991 | 818 |
Other gains (losses), net | 0 | 0 |
Fair Value, Nonrecurring [Member] | Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Gross charge-offs against allowance for loan losses | 0 | 0 |
Other gains (losses), net | (101) | 106 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Nonaccruing Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Nonaccruing Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 4,168 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Real estate and other repossessed assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | $ 547 | $ 1,412 |
Fair Value Measurements Fair Va
Fair Value Measurements Fair Value Measurement, Measured On Non-Recurring Basis, Signfiicant Unobservable Inputs, Quantitative Information (Details) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | Mar. 31, 2023 | Mar. 31, 2022 | ||
Discounted Cash Flow [Member] | Nonaccruing Loans [Member] | Management knowledge of Industry and non-real estate collateral | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | $ 14,040 | $ 244 | ||
Discounted Cash Flow [Member] | Real estate and other repossessed assets [Member] | Management knowledge of Industry and non-real estate collateral | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | $ 0 | |||
Discounted Cash Flow [Member] | Real estate and other repossessed assets [Member] | Marketability adjustments off appraised value | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Assets, Fair Value Disclosure | $ 400 | |||
Minimum [Member] | Nonaccruing Loans [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | 88% | [1] | 3% | [2] |
Minimum [Member] | Real estate and other repossessed assets [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Marketability adjustments off appraised value | 75% | |||
Maximum [Member] | Nonaccruing Loans [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | 88% | [1] | 25% | [2] |
Maximum [Member] | Real estate and other repossessed assets [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Marketability adjustments off appraised value | 75% | |||
Weighted Average [Member] | Nonaccruing Loans [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value of Impaired Loans as Percentage of Unpaid Principal Balance | 88% | [1] | 5% | [2] |
Weighted Average [Member] | Real estate and other repossessed assets [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Marketability adjustments off appraised value | 75% | |||
[1]Represents fair value as a percentage of the unpaid principal balance.[2]Represents fair value as a percentage of the unpaid principal balance. |
Fair Value Measurements, Financ
Fair Value Measurements, Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | $ 2,294,358 | $ 4,464,161 | ||||
Debt Securities, Held-to-maturity, gross | 2,657,577 | 2,739,241 | ||||
Investment securities, Allowance for Credit Loss | (497) | [1] | (558) | [2] | ||
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 2,657,080 | 2,738,683 | ||||
Available for sale securities | 11,937,841 | 11,493,860 | ||||
Fair value option securities | 326,390 | 296,590 | ||||
Residential mortgage loans held for sale | 74,175 | 75,272 | ||||
Loans | 22,750,053 | 22,557,150 | ||||
Allowance for loan losses | (249,460) | (235,704) | ||||
Loans, net of allowance | 22,500,593 | 22,321,446 | ||||
Mortgage servicing rights | 299,803 | 277,608 | $ 209,563 | $ 163,198 | ||
Derviative contracts, net of cash collateral, Assets, Fair value | 394,291 | 880,343 | ||||
Time deposits | 1,576,610 | 1,461,842 | ||||
Subordinated debentures | 131,148 | 131,205 | ||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 510,483 | 554,900 | ||||
Commercial [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 14,217,349 | 14,212,499 | ||||
Allowance for loan losses | (139,898) | (131,586) | ||||
Commercial real estate [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 4,815,316 | 4,606,777 | ||||
Allowance for loan losses | (66,003) | (57,648) | ||||
Loans to individuals [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 3,717,388 | 3,737,874 | ||||
Allowance for loan losses | (43,559) | (46,470) | ||||
U.S. government securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 5,618 | 9,823 | ||||
Residential agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Debt Securities, Held-to-maturity, gross | 2,472,291 | 2,538,565 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Municipal securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Debt Securities, Held-to-maturity, gross | 153,739 | 170,629 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Asset-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 10,194 | 0 | ||||
U.S. Treasury [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | 0 | ||||
Residential non-agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Commercial agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 17,259 | 17,259 | ||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Other debt securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Debt Securities, Held-to-maturity, gross | 14,288 | 12,788 | ||||
Available for sale securities | 473 | 473 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 792,371 | 943,810 | ||||
Interest-bearing cash and cash equivalents | 571,613 | 457,906 | ||||
Trading securities | 2,294,358 | 4,464,161 | ||||
Debt Securities, Held-to-maturity, gross | 2,448,633 | 2,514,245 | ||||
Investment securities, Allowance for Credit Loss | (497) | (558) | ||||
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 2,448,136 | 2,513,687 | ||||
Available for sale securities | 11,937,841 | 11,493,860 | ||||
Fair value option securities | 326,390 | |||||
Residential mortgage loans held for sale | 74,175 | 75,272 | ||||
Loans | 22,750,053 | 22,557,150 | ||||
Allowance for loan losses | (249,460) | (235,704) | ||||
Loans, net of allowance | 22,500,593 | 22,321,446 | ||||
Mortgage servicing rights | 299,803 | 277,608 | ||||
Derviative contracts, net of cash collateral, Assets, Fair value | 394,291 | 880,343 | ||||
Deposits with no stated maturity | 31,004,137 | 33,018,863 | ||||
Time deposits | 1,576,610 | 1,461,842 | ||||
Other borrowed funds | 6,335,609 | 7,007,285 | ||||
Subordinated debentures | 131,148 | 131,205 | ||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 510,483 | 554,900 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 14,217,349 | 14,212,499 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 4,815,316 | 4,606,777 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Loans to individuals [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 3,717,388 | 3,737,874 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. government securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 5,618 | 9,823 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Debt Securities, Held-to-maturity, gross | 2,264,922 | 2,315,219 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Municipal securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Debt Securities, Held-to-maturity, gross | 153,739 | 170,629 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Asset-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 10,194 | |||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other trading securities | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 15,684 | 15,609 | ||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 14,288 | 12,788 | ||||
Available for sale securities | 473 | 473 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 792,371 | 943,810 | ||||
Interest-bearing cash and cash equivalents | 571,613 | 457,906 | ||||
Trading securities | 2,294,358 | 4,464,161 | ||||
Debt Securities, Held-to-maturity, gross | 2,307,686 | 2,346,768 | ||||
Investment securities, Allowance for Credit Loss | 0 | 0 | ||||
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 2,307,686 | 2,346,768 | ||||
Available for sale securities | 11,937,841 | 11,493,860 | ||||
Fair value option securities | 326,390 | |||||
Residential mortgage loans held for sale | 74,175 | 75,272 | ||||
Loans | 22,380,424 | 21,891,223 | ||||
Allowance for loan losses | 0 | 0 | ||||
Loans, net of allowance | 22,380,424 | 21,891,223 | ||||
Mortgage servicing rights | 299,803 | 277,608 | ||||
Derviative contracts, net of cash collateral, Assets, Fair value | 394,291 | 880,343 | ||||
Deposits with no stated maturity | 31,004,137 | 33,018,863 | ||||
Time deposits | 1,547,154 | 1,431,245 | ||||
Other borrowed funds | 6,333,599 | 7,005,305 | ||||
Subordinated debentures | 125,077 | 121,497 | ||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 510,483 | 554,900 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 14,129,311 | 13,905,765 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 4,703,787 | 4,454,048 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Loans to individuals [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 3,547,326 | 3,531,410 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 5,618 | 9,823 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Debt Securities, Held-to-maturity, gross | 2,118,538 | 2,143,360 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Debt Securities, Held-to-maturity, gross | 160,866 | 176,621 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 10,194 | |||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 14,861 | 14,588 | ||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 13,421 | 12,199 | ||||
Available for sale securities | 473 | 473 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 792,371 | 943,810 | ||||
Interest-bearing cash and cash equivalents | 571,613 | 457,906 | ||||
Trading securities | 4,878 | 4,970 | ||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Investment securities, Allowance for Credit Loss | 0 | 0 | ||||
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 0 | 0 | ||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Residential mortgage loans held for sale | 0 | 0 | ||||
Loans | 0 | 0 | ||||
Allowance for loan losses | 0 | 0 | ||||
Loans, net of allowance | 0 | 0 | ||||
Mortgage servicing rights | 0 | 0 | ||||
Derviative contracts, net of cash collateral, Assets, Fair value | 303 | 2,110 | ||||
Deposits with no stated maturity | 0 | 0 | ||||
Time deposits | 0 | 0 | ||||
Other borrowed funds | 0 | 0 | ||||
Subordinated debentures | 0 | 0 | ||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 3,822 | 16 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Loans to individuals [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 4,878 | 4,970 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | |||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 914 | 898 | ||||
Fair value option securities | 106,307 | |||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 0 | 0 | ||||
Interest-bearing cash and cash equivalents | 0 | 0 | ||||
Trading securities | 2,289,480 | 4,459,191 | ||||
Debt Securities, Held-to-maturity, gross | 2,179,978 | 2,208,253 | ||||
Investment securities, Allowance for Credit Loss | 0 | 0 | ||||
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 2,179,978 | 2,208,253 | ||||
Available for sale securities | 11,936,454 | 11,492,489 | ||||
Fair value option securities | 220,083 | |||||
Residential mortgage loans held for sale | 67,024 | 68,054 | ||||
Loans | 0 | 0 | ||||
Allowance for loan losses | 0 | 0 | ||||
Loans, net of allowance | 0 | 0 | ||||
Mortgage servicing rights | 0 | 0 | ||||
Derviative contracts, net of cash collateral, Assets, Fair value | 393,988 | 878,233 | ||||
Deposits with no stated maturity | 0 | 0 | ||||
Time deposits | 0 | 0 | ||||
Other borrowed funds | 0 | 0 | ||||
Subordinated debentures | 125,077 | 121,497 | ||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 506,661 | 554,884 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Loans to individuals [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 740 | 4,853 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 2,210,721 | 4,406,848 | ||||
Debt Securities, Held-to-maturity, gross | 2,118,538 | 2,143,360 | ||||
Available for sale securities | 6,022,708 | 5,814,496 | ||||
Fair value option securities | 220,083 | 296,590 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 37,455 | 21,484 | ||||
Debt Securities, Held-to-maturity, gross | 33,158 | 38,106 | ||||
Available for sale securities | 634,207 | 624,500 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 10,194 | |||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 30,370 | 26,006 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | |||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 651,351 | 577,576 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 14,861 | 14,588 | ||||
Available for sale securities | 4,628,188 | 4,475,917 | ||||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 13,421 | 12,199 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Cash and due from banks | 0 | 0 | ||||
Interest-bearing cash and cash equivalents | 0 | 0 | ||||
Trading securities | 0 | 0 | ||||
Debt Securities, Held-to-maturity, gross | 127,708 | 138,515 | ||||
Investment securities, Allowance for Credit Loss | 0 | 0 | ||||
Investment Securities, Amortized Cost, After Allowance for Credit Loss | 127,708 | 138,515 | ||||
Available for sale securities | 473 | 473 | ||||
Fair value option securities | 0 | |||||
Residential mortgage loans held for sale | 7,151 | 7,218 | ||||
Loans | 22,380,424 | 21,891,223 | ||||
Allowance for loan losses | 0 | 0 | ||||
Loans, net of allowance | 22,380,424 | 21,891,223 | ||||
Mortgage servicing rights | 299,803 | 277,608 | ||||
Derviative contracts, net of cash collateral, Assets, Fair value | 0 | 0 | ||||
Deposits with no stated maturity | 31,004,137 | 33,018,863 | ||||
Time deposits | 1,547,154 | 1,431,245 | ||||
Other borrowed funds | 6,333,599 | 7,005,305 | ||||
Subordinated debentures | 0 | 0 | ||||
Derivative contracts, net of cash collateral, Liabilities, Fair Value | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 14,129,311 | 13,905,765 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial real estate [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 4,703,787 | 4,454,048 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Loans to individuals [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Loans | 3,547,326 | 3,531,410 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. government securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Debt Securities, Held-to-maturity, gross | 127,708 | 138,515 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | |||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other trading securities | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Trading securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | U.S. Treasury [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair value option securities | 0 | |||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Residential non-agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Commercial agency mortgage-backed securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member] | Other debt securities [Member] | ||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||||
Debt Securities, Held-to-maturity, gross | 0 | 0 | ||||
Available for sale securities | $ 473 | $ 473 | ||||
[1]Carrying value includes $209 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following.[2]Carrying value includes $225 million of net unrealized loss which remains in Accumulated other comprehensive income ("AOCI") in the Consolidated Balance Sheets related to certain securities transferred during the second quarter of 2022 from the Available for Sale securities portfolio to the Investment securities portfolio as discussed in greater detail following. |