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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2019
Fair Value Disclosures [Abstract]    
Schedule Of Carrying Value And Fair Value Of Financial Instruments Not Recorded At Fair Value  
The following table presents estimated fair values of the Company's financial instruments as of December 31, 2021 and 2020, whether or not recognized or recorded at fair value in the Consolidated Balance Sheets:  
December 31, 2021December 31, 2020
(in thousands)LevelCarrying ValueFair ValueCarrying ValueFair Value
Financial assets:    
Cash and cash equivalents1$2,761,621 $2,761,621 $2,573,181 $2,573,181 
Equity and other investment securities1,281,214 81,214 83,077 83,077 
Investment securities available for sale1,23,870,435 3,870,435 2,932,558 2,932,558 
Investment securities held to maturity32,744 3,514 3,034 3,883 
Loans held for sale2353,105 353,105 766,225 766,225 
Loans and leases, net
2,322,304,768 22,356,321 21,450,966 21,904,189 
Restricted equity securities110,916 10,916 41,666 41,666 
Residential mortgage servicing rights3123,615 123,615 92,907 92,907 
Bank owned life insurance1327,745 327,745 323,470 323,470 
Derivatives2,3177,423 177,423 342,510 342,510 
Financial liabilities:    
Deposits1,2$26,594,685 $26,593,521 $24,622,201 $24,641,876 
Securities sold under agreements to repurchase2492,247 492,247 375,384 375,384 
Borrowings26,329 7,073 771,482 774,586 
Junior subordinated debentures, at fair value3293,081 293,081 255,217 255,217 
Junior subordinated debentures, at amortized cost388,041 75,199 88,268 67,425 
Derivatives29,675 9,675 8,782 8,782 
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis
The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and 2020:
(in thousands)December 31, 2021
DescriptionTotalLevel 1Level 2Level 3
Financial assets:
Equity and other investment securities    
Investments in mutual funds and other securities$68,692 $51,355 $17,337 $— 
Equity securities held in rabbi trusts12,522 12,522 — — 
Investment securities available for sale
U.S. Treasury and agencies918,053 89,038 829,015 — 
Obligations of states and political subdivisions330,784 — 330,784 — 
Residential mortgage-backed securities and collateralized mortgage obligations
2,621,598 — 2,621,598 — 
Loans held for sale, at fair value353,105 — 353,105 — 
Loans and leases, at fair value345,634 — 345,634 — 
Residential mortgage servicing rights, at fair value123,615 — — 123,615 
Derivatives
Interest rate lock commitments4,641 — — 4,641 
Interest rate forward sales commitments615 — 615 — 
Interest rate swaps171,827 — 171,827 — 
Foreign currency derivatives340 — 340 — 
Total assets measured at fair value$4,951,426 $152,915 $4,670,255 $128,256 
Financial liabilities:
Junior subordinated debentures, at fair value$293,081 $— $— $293,081 
Derivatives    
Interest rate forward sales commitments699 — 699 — 
Interest rate swaps8,671 — 8,671 — 
Foreign currency derivatives305 — 305 — 
Total liabilities measured at fair value$302,756 $— $9,675 $293,081 
(in thousands)December 31, 2020
DescriptionTotalLevel 1Level 2Level 3
Financial assets:
Equity and other investment securities    
Investments in mutual funds and other securities$70,203 $52,866 $17,337 $— 
Equity securities held in rabbi trusts12,814 12,814 — — 
Other investments securities (1)
60 — 60 — 
Investment securities available for sale     
U.S. Treasury and agencies762,202 — 762,202 — 
Obligations of states and political subdivisions279,511 — 279,511 — 
Residential mortgage-backed securities and collateralized mortgage obligations
1,890,845 — 1,890,845 — 
Loans held for sale, at fair value688,079 — 688,079 — 
Residential mortgage servicing rights, at fair value92,907 — — 92,907 
Derivatives    
Interest rate lock commitments28,144 — — 28,144 
Interest rate forward sales commitments— — 
Interest rate swaps313,090 — 313,090 — 
Foreign currency derivatives1,269 — 1,269 — 
Total assets measured at fair value$4,139,131 $65,680 $3,952,400 $121,051 
Financial liabilities:
Junior subordinated debentures, at fair value$255,217 $— $— $255,217 
Derivatives    
Interest rate forward sales commitments7,257 — 7,257 — 
Interest rate swaps370 — 370 — 
Foreign currency derivatives1,155 — 1,155 — 
Total liabilities measured at fair value$263,999 $— $8,782 $255,217 
 
Schedule of a Description of the Valuation Technique, Unobservable Input, and Qualitative Information for the Company's Assets and Liabilities Classified as Level 3 The following table provides a description of the valuation technique, significant unobservable inputs, and qualitative information about the unobservable inputs for the Company's assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at December 31, 2021:  
Schedule Of Reconciliation Of Assets And Liabilities Measured At Fair Value Using Significant Unobservable Inputs (Level 3) On A Recurring Basis
The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the years ended December 31, 2021 and 2020. 
20212020
(in thousands)Residential mortgage servicing rightsInterest rate lock commitments, netJunior subordinated debentures, at fair valueResidential mortgage servicing rightsInterest rate lock commitments, netJunior subordinated debentures, at fair value
Beginning balance$92,907 $28,144 $255,217 $115,010 $7,056 $274,812 
Change included in earnings(7,814)79 9,434 (73,103)15,370 11,962 
Change in fair values included in comprehensive income/loss— — 37,899 — — (18,842)
Purchases and issuances38,522 76,940 — 51,000 176,267 — 
Sales and settlements— (100,522)(9,469)— (170,549)(12,715)
Ending balance$123,615 $4,641 $293,081 $92,907 $28,144 $255,217 
Change in unrealized gains or losses for the period included in earnings for assets held at end of period$11,089 $4,641 $9,434 $(53,423)$28,144 $11,962 
Change in unrealized gains or losses for the period included in other comprehensive income for assets held at end of period$— $— $37,899 $— $— $(18,842)

Changes in residential mortgage servicing rights carried at fair value are recorded in residential mortgage banking revenue within non-interest income. Gains (losses) on interest rate lock commitments carried at fair value are recorded in residential mortgage banking revenue within non-interest income. The contractual interest expense on the junior subordinated debentures is recorded on an accrual basis as interest on junior subordinated debentures within interest expense. Settlements related to the junior subordinated debentures represent the payment of accrued interest that is embedded in the fair value of these liabilities.
 
Fair Value Assets And Liabilities Measured On Nonrecurring Basis The following tables present information about the Company's assets and liabilities measured at fair value on a nonrecurring basis for which a nonrecurring change in fair value has been recorded during the reporting period.  The amounts disclosed below represent the fair values at the time the nonrecurring fair value measurements were made, and not necessarily the fair value as of the dates reported upon.  
2021
(in thousands)TotalLevel 1Level 2Level 3
Loans and leases$4,129 $— $— $4,129 
Total assets measured at fair value on a nonrecurring basis$4,129 $— $— $4,129 

2020
(in thousands)TotalLevel 1Level 2Level 3
Loans and leases$8,231 $— $— $8,231 
Total assets measured at fair value on a nonrecurring basis$8,231 $— $— $8,231 
 
Losses Resulting From Nonrecurring Fair Value Adjustments  
The following table presents the losses resulting from nonrecurring fair value adjustments for the years ended December 31, 2021, 2020, and 2019: 
(in thousands)202120202019
Loans and leases$53,182 $74,297 $67,956 
Goodwill impairment (Wholesale Bank and Retail Bank)— 1,784,936 — 
Total losses from nonrecurring measurements$53,182 $1,859,233 $67,956 
Fair Value Option The following table presents the difference between the aggregate fair value and the aggregate unpaid principal balance of loans held for sale and loans held for investment accounted for under the fair value option as of December 31, 2021 and 2020:
December 31, 2021December 31, 2020
(in thousands)Fair ValueAggregate Unpaid Principal BalanceFair Value Less Aggregate Unpaid Principal BalanceFair ValueAggregate Unpaid Principal BalanceFair Value Less Aggregate Unpaid Principal Balance
Loans held for sale$353,105 $341,008 $12,097 $688,079 $654,555 $33,524 
Loans$345,634 $335,058 $10,576 $— $— $—