Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments disclosure

The following table presents a summary of commitments described below as of the dates indicated:

	March 31,		December 31,
	2020		2019
	(In thousands)
Loan commitments to extend credit	$	7,697,724	$	8,183,158
Standby letters of credit	368,979		355,503
Commitments to contribute capital to small business
investment companies and CRA-related loan pools	50,518		40,698
Commitments to contribute capital to low income housing
project partnerships (1)	—		88,515
Commitments to contribute capital to private equity funds	50		50
Total	$	8,117,271	$	8,667,924

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(1)

During the first quarter of 2020, the Company increased the amount of its investment in low income housing project partnerships by $101 million representing the amount of related unfunded commitments, with an offset to a liability included in "Accrued interest payable and other liabilities" on the condensed consolidated balance sheets.

Other Commitments

The following table presents the years in which commitments are expected to be paid for our commitments to contribute capital to small business investment companies and CRA-related loan pools as of the date indicated:

	March 31, 2020
	(In thousands)
Period ending December 31,
2020	$	31,698
2021	18,820
Total	$	50,518