XML 68 R57.htm IDEA: XBRL DOCUMENT v3.23.3
Derivative Instruments - Hedge Derivatives (Details) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2023
Apr. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Sep. 06, 2023
May 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Derivative [Line Items]                    
Net gain on cash flow hedges reclassified from other comprehensive income into net income, net of tax     $ (2,473,000) $ (2,477,000) $ (7,217,000) $ (7,497,000)        
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months         9,800,000          
Cash flow hedge | Hedging derivative | Asset derivatives                    
Derivative [Line Items]                    
Notional Amount $ 1,750,000,000   1,750,000,000   1,750,000,000         $ 1,750,000,000
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)     (17,403,000) 0 (28,764,000) 0        
Cash Flow Hedges Derivative Instruments at Fair Value, Net 48,970,000   48,970,000   48,970,000         94,175,000
Fair value hedge | Hedging derivative                    
Derivative [Line Items]                    
Forecasted Notional Amount 2,862,139,000   2,862,139,000   2,862,139,000         1,420,724,000
Fair Value Hedge Assets [1] 61,212,000   61,212,000   61,212,000         56,056,000
Fair value hedge | Hedging derivative | Securities                    
Derivative [Line Items]                    
Gain (Loss) on Fair Value Hedges Recognized in Earnings 1,500,000 $ 986,000 15,669,000 67,917,000 17,494,000 132,100,000        
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge     (15,669,000) (67,917,000) (17,494,000) (132,100,000)        
Derivative Instruments and Hedges, Assets 1,957,510,000   1,957,510,000   1,957,510,000         1,445,511,000
Fair Value Hedging Adjustment (73,550,000)   (73,550,000)   (73,550,000)         (56,056,000)
Gain (Loss) on Fair Value Hedges Recognized in Earnings   10,400,000                
Fair value hedge | Hedging derivative | Securities | Asset derivatives                    
Derivative [Line Items]                    
Forecasted Notional Amount $ 2,012,139,000   $ 2,012,139,000   $ 2,012,139,000         1,420,724,000
Derivative Asset, Statement of Financial Position Other assets   Other assets   Other assets          
Weighted Average Remaining Maturity         10 years 9 months 10 days          
Pay Rate (as percent) 2.75%   2.75%   2.75%          
Derivative, Type of Interest Rate Paid on Swap         Federal Funds/ SOFR          
Fair Value Hedge Assets [1] $ 73,550,000   $ 73,550,000   $ 73,550,000         $ 56,056,000
Terminated Notional Amount of Interest Rate Derivatives   164,300,000         $ 33,600,000      
Terminated Fair Value Amount of Interest Rate Derivatives   $ 14,300,000                
Fair value hedge | Hedging derivative | Securities | Liability derivatives                    
Derivative [Line Items]                    
Derivative Liability, Statement of Financial Position [Extensible Enumeration]                   Other liabilities
Fair value hedge | Hedging derivative | Securities | Federal Funds Rate                    
Derivative [Line Items]                    
Forecasted Notional Amount 392,200,000   392,200,000   392,200,000          
Fair value hedge | Hedging derivative | Securities | Secured Overnight Financing Rate                    
Derivative [Line Items]                    
Forecasted Notional Amount 1,600,000,000   1,600,000,000   1,600,000,000          
Fair value hedge | Hedging derivative | Loans                    
Derivative [Line Items]                    
Amortization expense, reduction to interest income on loans     141,000 408,000 519,000 1,600,000        
Fair value hedge | Hedging derivative | Federal Home Loan Bank Advances                    
Derivative [Line Items]                    
Gain (Loss) on Fair Value Hedges Recognized in Earnings     1,559,000 0 (12,338,000) 0        
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge     (1,559,000) $ 0 12,338,000 $ 0        
Derivative Instruments and Hedges, Assets 837,662,000   837,662,000   837,662,000         $ 0
Fair Value Hedging Adjustment (12,338,000)   (12,338,000)   (12,338,000)         0
Fair value hedge | Hedging derivative | Federal Home Loan Bank Advances | Liability derivatives                    
Derivative [Line Items]                    
Forecasted Notional Amount $ 850,000,000   $ 850,000,000   $ 850,000,000     $ 425,000,000 $ 425,000,000 0
Weighted Average Remaining Maturity         4 years 3 months 25 days          
Pay Rate (as percent) 0.00%   0.00%   0.00%          
Derivative, Type of Interest Rate Paid on Swap         N/A          
Fair Value Hedge Assets [1] $ (12,338,000)   $ (12,338,000)   $ (12,338,000)         0
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other liabilities   Other liabilities   Other liabilities          
Interest Rate Floor | Hedging derivative | Asset derivatives                    
Derivative [Line Items]                    
Derivative Asset, Statement of Financial Position Other assets   Other assets   Other assets          
Weighted Average Remaining Maturity         4 years 1 month 2 days          
Notional Amount $ 875,000,000   $ 875,000,000   $ 875,000,000         875,000,000
Derivative, Type of Interest Received         4.00%-4.50% minus USD-Term SOFR 1M          
Derivative, Type Of Interest Rate Paid On Swap1         N/A          
Cash Flow Hedges Derivative Instruments at Fair Value, Net $ 25,225,000   $ 25,225,000   $ 25,225,000         48,622,000
Interest Rate Contract | Hedging derivative | Asset derivatives                    
Derivative [Line Items]                    
Derivative Asset, Statement of Financial Position Other assets   Other assets   Other assets          
Weighted Average Remaining Maturity         4 years 1 month 2 days          
Notional Amount $ 875,000,000   $ 875,000,000   $ 875,000,000         875,000,000
Derivative, Type of Interest Received         4.25%-4.75% minus USD-Term SOFR 1M          
Derivative, Type Of Interest Rate Paid On Swap1         USD-Term SOFR 1M minus 6.75%-7.00%          
Cash Flow Hedges Derivative Instruments at Fair Value, Net $ 23,745,000   $ 23,745,000   $ 23,745,000         $ 45,553,000
[1] The variation margin payments for derivatives cleared through central clearing houses are characterized as settlements. At September 30, 2023 and December 31, 2022, the notional amount of fair value derivatives cleared through central clearing houses was $1.9 billion and $877.7 million with a fair value that approximates zero due to $80.6 million and $47.9 million in received variation margin.