FAIR VALUE MEASUREMENT - Level 3 Roll Forward (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of period | $ 911,425 | $ 590,455 | $ 716,793 | $ 0 |
Transfer from held-to-maturity to available for sale at fair value | 0 | 0 | 0 | 480,437 |
Additions | 130,268 | 162,903 | 538,727 | 436,242 |
Cash received | (23,083) | (42,741) | (89,905) | (134,101) |
In-kind distributions (non-cash) | 0 | 0 | (12,730) | |
Change in fair value | $ (19,179) | $ 5,083 | $ (86,273) | $ 11,450 |
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Other Comprehensive Income (Loss), Net of Tax | Other Comprehensive Income (Loss), Net of Tax | Other Comprehensive Income (Loss), Net of Tax | Other Comprehensive Income (Loss), Net of Tax |
Credit-related impairment loss, net of recoveries | $ (76,049) | $ (37,316) | $ (155,960) | $ (115,644) |
Balance, end of period | 923,382 | 665,654 | 923,382 | 665,654 |
Level 3 | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of period | 853,418 | 481,818 | 626,368 | 0 |
Transfer from held-to-maturity to available for sale at fair value | 0 | 0 | 10,469 | 339,041 |
Additions | 130,271 | 162,903 | 536,966 | 432,127 |
Cash received | (13,077) | (25,942) | (55,649) | (78,208) |
In-kind distributions (non-cash) | 0 | (11,460) | 0 | (11,460) |
Change in fair value | (19,711) | 3,984 | (87,342) | 8,131 |
Credit-related impairment loss, net of recoveries | (76,049) | (37,316) | (155,960) | (115,644) |
Balance, end of period | $ 874,852 | $ 573,987 | $ 874,852 | $ 573,987 |