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Fair Value Measurement and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Increase (Decrease) in Fair Value of Assets for which a Nonrecurring Fair Value Adjustment Has Been Recognized
The following table presents the increase (decrease) in the fair value of certain assets held at the end of the respective reporting periods, for which a nonrecurring fair value adjustment was recognized for the years ended December 31, 2022, 2021 and 2020:
($ in thousands)Year Ended December 31,
202220212020
Loans held-for-investment:
Commercial:
C&I$(25,996)$(9,580)$(48,154)
CRE:
CRE(7,098)(10,231)(11,289)
Total commercial(33,094)(19,811)(59,443)
Consumer:
Residential mortgage:
HELOCs166 (4)(175)
Other consumer— — 2,491 
Total consumer$166 $(4)$2,316 
Total loans held-for-investment$(32,928)$(19,815)$(57,127)
Investments in tax credit and other investments, net$469 $877 $(3,868)
OREO$— $— $(3,680)
Other nonperforming assets$(6,861)$(4,241)$— 
Schedule of the Carrying and Fair Value Estimates Per the Fair Value Hierarchy of Financial Instruments Measured on a Nonrecurring Basis
The following tables present the fair value estimates for financial instruments as of December 31, 2022 and 2021, excluding financial instruments recorded at fair value on a recurring basis as they are included in the tables presented elsewhere in this Note. The carrying amounts in the following tables are recorded on the Consolidated Balance Sheet under the indicated captions, except for accrued interest receivable, restricted equity securities, at cost, and mortgage servicing rights that are included in Other assets, and accrued interest payable which is included in Accrued expenses and other liabilities. These financial assets and liabilities are measured on an amortized cost basis on the Company’s Consolidated Balance Sheet.
($ in thousands)December 31, 2022
Carrying
Amount		Level 1Level 2Level 3Estimated
Fair Value
Financial assets:
Cash and cash equivalents$3,481,784 $3,481,784 $— $— $3,481,784 
Interest-bearing deposits with banks$139,021 $— $139,021 $— $139,021 
Resale agreements$792,192 $— $693,656 $— $693,656 
HTM debt securities$3,001,868 $471,469 $1,983,702 $— $2,455,171 
Restricted equity securities, at cost$78,624 $— $78,624 $— $78,624 
Loans held-for-sale$25,644 $— $25,644 $— $25,644 
Loans held-for-investment, net$47,606,785 $— $— $46,670,690 $46,670,690 
Mortgage servicing rights$6,235 $— $— $10,917 $10,917 
Accrued interest receivable$263,430 $— $263,430 $263,430 
Financial liabilities:
Demand, checking, savings and money market deposits
$42,637,316 $— $42,637,316 $— $42,637,316 
Time deposits$13,330,533 $— $13,228,777 $— $13,228,777 
Repurchase agreements$300,000 $— $304,097 $— $304,097 
Long-term debt$147,950 $— $143,483 $— $143,483 
Accrued interest payable$37,198 $— $37,198 $— $37,198 
($ in thousands)December 31, 2021
Carrying
Amount		Level 1Level 2Level 3Estimated
Fair Value
Financial assets:
Cash and cash equivalents$3,912,935 $3,912,935 $— $— $3,912,935 
Interest-bearing deposits with banks$736,492 $— $736,492 $— $736,492 
Resale agreements$2,353,503 $— $2,335,901 $— $2,335,901 
Restricted equity securities, at cost$77,434 $— $77,434 $— $77,434 
Loans held-for-sale$635 $— $635 $— $635 
Loans held-for-investment, net$41,152,202 $— $— $41,199,599 $41,199,599 
Mortgage servicing rights$5,706 $— $— $9,104 $9,104 
Accrued interest receivable$159,833 $— $159,833 $— $159,833 
Financial liabilities:
Demand, checking, savings and money market deposits
$45,388,550 $— $45,388,550 $— $45,388,550 
Time deposits$7,961,982 $— $7,966,116 $— $7,966,116 
FHLB advances$249,331 $— $250,372 $— $250,372 
Repurchase agreements$300,000 $— $310,525 $— $310,525 
Long-term debt$147,658 $— $151,020 $— $151,020 
Accrued interest payable$11,435 $— $11,435 $— $11,435 
Schedule of Financial Assets (Liabilities) Measured at Fair Value on a Recurring Basis
The following tables present financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2022 and 2021:
($ in thousands)Assets and Liabilities Measured at Fair Value on a Recurring Basis
as of December 31, 2022
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
Fair Value
AFS debt securities:
U.S. Treasury securities$606,203 $— $— $606,203 
U.S. government agency and U.S. government sponsored enterprise debt securities
— 461,607 — 461,607 
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities:
Commercial mortgage-backed securities— 500,269 — 500,269 
Residential mortgage-backed securities— 1,762,195 — 1,762,195 
Municipal securities— 257,099 — 257,099 
Non-agency mortgage-backed securities:
Commercial mortgage-backed securities— 398,329 — 398,329 
Residential mortgage-backed securities— 649,224 — 649,224 
Corporate debt securities— 526,274 — 526,274 
Foreign government bonds— 227,053 — 227,053 
Asset-backed securities— 49,076 — 49,076 
Collateralized loan obligations (“CLOs”)— 597,664 — 597,664 
Total AFS debt securities$606,203 $5,428,790 $— $6,034,993 
Investments in tax credit and other investments:
Equity securities$19,777 $4,177 $— $23,954 
Total investments in tax credit and other investments
$19,777 $4,177 $— $23,954 
Derivative assets:
Interest rate contracts$— $440,283 $— $440,283 
Foreign exchange contracts— 53,109 — 53,109 
Equity contracts— — 323 323 
Commodity contracts— 261,613 — 261,613 
Gross derivative assets$— $755,005 $323 $755,328 
Netting adjustments (1)
$— $(614,783)$— $(614,783)
Net derivative assets$— $140,222 $323 $140,545 
Derivative liabilities:
Interest rate contracts$— $584,516 $— $584,516 
Foreign exchange contracts— 44,117 — 44,117 
Credit contracts— 23 — 23 
Commodity contracts— 258,608 — 258,608 
Gross derivative liabilities$— $887,264 $— $887,264 
Netting adjustments (1)
$— $(242,745)$— $(242,745)
Net derivative liabilities$— $644,519 $— $644,519 
($ in thousands)Assets and Liabilities Measured at Fair Value on a Recurring Basis
as of December 31, 2021
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
Fair Value
AFS debt securities:
U.S. Treasury securities$1,032,681 $— $— $1,032,681 
U.S. government agency and U.S. government sponsored enterprise debt securities
— 1,301,971 — 1,301,971 
U.S. government agency and U.S. government sponsored enterprise mortgage-backed securities:
Commercial mortgage-backed securities— 1,228,980 — 1,228,980 
Residential mortgage-backed securities— 2,928,283 — 2,928,283 
Municipal securities— 523,158 — 523,158 
Non-agency mortgage-backed securities:
Commercial mortgage-backed securities— 496,443 — 496,443 
Residential mortgage-backed securities— 881,931 — 881,931 
Corporate debt securities— 649,665 — 649,665 
Foreign government bonds— 257,733 — 257,733 
Asset-backed securities— 74,558 — 74,558 
CLOs— 589,950 — 589,950 
Total AFS debt securities$1,032,681 $8,932,672 $— $9,965,353 
Investments in tax credit and other investments:
Equity securities$22,130 $4,474 $— $26,604 
Total investments in tax credit and other investments
$22,130 $4,474 $— $26,604 
Derivative assets:
Interest rate contracts$— $240,222 $— $240,222 
Foreign exchange contracts— 21,033 — 21,033 
Equity contracts— 5 215 220 
Commodity contracts— 222,709 — 222,709 
Gross derivative assets$— $483,969 $215 $484,184 
Netting adjustments (1)
$— $(100,953)$— $(100,953)
Net derivative assets$— $383,016 $215 $383,231 
Derivative liabilities:
Interest rate contracts$— $180,130 $— $180,130 
Foreign exchange contracts— 15,333 — 15,333 
Credit contracts— 141 — 141 
Commodity contracts— 194,567 — 194,567 
Gross derivative liabilities$— $390,171 $— $390,171 
Netting adjustments (1)
$— $(232,727)$— $(232,727)
Net derivative liabilities$— $157,444 $— $157,444 
(1)Represents balance sheet netting of derivative assets and liabilities and related cash collateral under master netting agreements or similar agreements. See Note 5 — Derivatives to the Consolidated Financial Statements in this Form 10-K for additional information.
Reconciliation of the Beginning and Ending Balances of Equity Contracts Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs (Level 3) The following table provides a reconciliation of the beginning and ending balances of these equity contracts for the years ended December 31, 2022, 2021 and 2020:
($ in thousands)Year Ended December 31,
202220212020
Equity contracts
Beginning balance$215 $273 $421 
Total gains included in earnings (1)
17 32 8,225 
Issuances91 12 — 
Settlements— (96)— 
Transfers out of Level 3 (2)
— (6)(8,373)
Ending balance$323 $215 $273 
(1)Includes both realized and unrealized gain (losses) recorded in Lending fees on the Consolidated Statement of Income. The unrealized gains (losses) were $17 thousand, $(44) thousand, and $8.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.
(2)During the years ended December 31, 2021 and 2020, the Company transferred $6 thousand and $8.4 million, respectively, of equity contracts measured on a recurring basis out of Level 3 into Level 2 after the corresponding issuer of the equity warrant, which was previously a private company, completed its initial public offering and became a public company.
Schedule of Quantitative Information About Significant Unobservable Inputs Used in the Valuation of level 3 Fair Value Measurements
The following table presents quantitative information about the significant unobservable inputs used in the valuation of Level 3 fair value measurements as of December 31, 2022 and 2021. The significant unobservable inputs presented in the table below are those that the Company considers significant to the fair value of the Level 3 assets. The Company considers unobservable inputs to be significant if, by their exclusion, the fair value of the Level 3 assets would be impacted by a predetermined percentage change.
($ in thousands)Fair Value
Measurements
(Level 3)		Valuation
Technique		Unobservable
Inputs		Range of
Inputs
Weighted-
 Average of Inputs (1)
December 31, 2022
Derivative assets:
Equity contracts$323 
Black-Scholes option pricing model
Equity volatility
42% — 60%
54%
Liquidity discount47%47%
December 31, 2021
Derivative assets:
Equity contracts$215 
Black-Scholes option pricing model
Equity volatility
44% — 54%
49%
Liquidity discount47%47%
(1)Weighted-average of inputs is calculated based on the fair value of equity contracts as of December 31, 2022 and 2021.
The following table presents the quantitative information about the significant unobservable inputs used in the valuation of Level 3 fair value measurements that are measured on a nonrecurring basis as of December 31, 2022 and 2021:
($ in thousands)Fair Value
Measurements
(Level 3)		Valuation
Techniques		Unobservable
Inputs		Range of
Inputs
Weighted-
Average of Inputs (1)
December 31, 2022
Loans held-for-investment$23,322 Discounted cash flowsDiscount
4% — 6%
4%
$17,912 Fair value of collateralDiscount
15% — 75%
37%
$31,380 Fair value of propertySelling cost
8%
8%
December 31, 2021
Loans held-for-investment$64,919 Discounted cash flowsDiscount
4% — 15%
7%
$38,537 Fair value of collateralDiscount
15% — 75%
41%
$23,528 Fair value of propertySelling cost
8%
8%
(1)Weighted-average of inputs is based on the relative fair value of the respective assets as of December 31, 2022 and 2021.
Schedule of Carrying Amounts of Assets That Were Still Held and Had Fair Value Changes Measured on a Nonrecurring Basis
The following tables present the carrying amounts of assets that were still held and had fair value adjustments measured on a nonrecurring basis as of December 31, 2022 and 2021:
($ in thousands)Assets Measured at Fair Value on a Nonrecurring Basis
as of December 31, 2022
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value Measurements
Loans held-for-investment:
Commercial:
C&I$— $— $40,011 $40,011 
CRE:
CRE— — 31,380 31,380 
Total commercial— — 71,391 71,391 
Consumer:
Residential mortgage:
HELOCs— — 1,223 1,223 
Total consumer— — 1,223 1,223 
Total loans held-for-investment$— $— $72,614 $72,614 
($ in thousands)Assets Measured at Fair Value on a Nonrecurring Basis
as of December 31, 2021
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value Measurements
Loans held-for-investment:
Commercial:
C&I$— $— $102,349 $102,349 
CRE:
CRE— — 21,891 21,891 
Total commercial— — 124,240 124,240 
Consumer:
Residential mortgage:
HELOCs— — 2,744 2,744 
Total consumer— — 2,744 2,744 
Total loans held-for-investment$— $— $126,984 $126,984 
Other nonperforming assets$391 $— $— $391