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Fair Value Of Financial Instruments
 9 Months Ended
Sep. 30, 2023
Fair Value Of Financial Instruments [Abstract]  
Fair Value Of Financial Instruments Fair Value of Financial Instruments
The carrying amounts and estimated fair values of financial instruments held by the Company are set forth below. Fair value estimates are made at a specific point in time based on relevant market information. They do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for many of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, risk characteristics and economic conditions. These estimates are subjective, involve uncertainties, and cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

The estimated fair values of the Company’s financial instruments and the classification of their fair value measurement within the valuation hierarchy are as follows at September 30, 2023 and December 31, 2022:

Carrying Amount
Estimated Fair Value at September 30, 2023

(In thousands)

Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$5,908,330 $— $— $5,733,548 $5,733,548 
Real estate - construction and land
1,539,566 — — 1,520,702 1,520,702 
Real estate - business
3,647,168 — — 3,486,455 3,486,455 
Real estate - personal
3,024,639 — — 2,652,514 2,652,514 
Consumer
2,125,804 — — 2,059,484 2,059,484 
Revolving home equity305,237 — — 302,428 302,428 
Consumer credit card574,829 — — 540,766 540,766 
Overdrafts
3,753 — — 3,667 3,667 
Total loans17,129,326 — — 16,299,564 16,299,564 
Loans held for sale5,120 — 5,120 — 5,120 
Investment securities10,132,637 953,429 8,947,478 231,730 10,132,637 
Federal funds sold2,735 2,735 — — 2,735 
Securities purchased under agreements to resell450,000 — — 439,056 439,056 
Interest earning deposits with banks1,847,641 1,847,641 — — 1,847,641 
Cash and due from banks358,010 358,010 — — 358,010 
Derivative instruments112,182 — 112,136 46 112,182 
Assets held in trust for deferred compensation plan18,859 18,859 — — 18,859 
       Total$30,056,510 $3,180,674 $9,064,734 $16,970,396 $29,215,804 
Financial Liabilities
Non-interest bearing deposits$7,961,402 $7,961,402 $— $— $7,961,402 
Savings, interest checking and money market deposits14,154,275 14,154,275 — — 14,154,275 
Certificates of deposit2,974,780 — — 3,003,240 3,003,240 
Federal funds purchased506,355 506,355 — — 506,355 
Securities sold under agreements to repurchase2,238,826 — — 2,241,706 2,241,706 
Other borrowings503,547 — 3,547 500,000 503,547 
Derivative instruments58,718 — 58,674 44 58,718 
Liabilities held in trust for deferred compensation plan18,859 18,859 — — 18,859 
       Total$28,416,762 $22,640,891 $62,221 $5,744,990 $28,448,102 
Carrying Amount
Estimated Fair Value at December 31, 2022

(In thousands)
Level 1Level 2Level 3Total
Financial Assets
Loans:
Business$5,661,725 $— $— $5,506,128 $5,506,128 
Real estate - construction and land
1,361,095 — — 1,347,328 1,347,328 
Real estate - business
3,406,981 — — 3,289,655 3,289,655 
Real estate - personal
2,918,078 — — 2,654,423 2,654,423 
Consumer
2,059,088 — — 1,999,788 1,999,788 
Revolving home equity297,207 — — 295,005 295,005 
Consumer credit card584,000 — — 538,268 538,268 
Overdrafts
14,957 — — 14,666 14,666 
Total loans16,303,131 — — 15,645,261 15,645,261 
Loans held for sale4,964 — 4,964 — 4,964 
Investment securities12,511,649 1,041,616 11,244,592 225,441 12,511,649 
Federal funds sold49,505 49,505 — — 49,505 
Securities purchased under agreements to resell825,000 — — 795,574 795,574 
Interest earning deposits with banks389,140 389,140 — — 389,140 
Cash and due from banks452,496 452,496 — — 452,496 
Derivative instruments60,492 — 60,458 34 60,492 
Assets held in trust for deferred compensation plan17,856 17,856 — — 17,856 
       Total$30,614,233 $1,950,613 $11,310,014 $16,666,310 $29,926,937 
Financial Liabilities
Non-interest bearing deposits$10,066,356 $10,066,356 $— $— $10,066,356 
Savings, interest checking and money market deposits15,126,981 15,126,981 — — 15,126,981 
Certificates of deposit994,103 — — 982,613 982,613 
Federal funds purchased159,860 159,860 — — 159,860 
Securities sold under agreements to repurchase2,681,874 — — 2,684,471 2,684,471 
Other borrowings8,831 — 8,831 — 8,831 
Derivative instruments54,984 — 54,865 119 54,984 
Liabilities held in trust for deferred compensation plan17,856 17,856 — — 17,856 
       Total$29,110,845 $25,371,053 $63,696 $3,667,203 $29,101,952