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Note 17 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

As of December 31, 2022

 

Fair Value Measurements Using

   

Total at

 
   

Level 1

   

Level 2

   

Level 3

   

Fair Value

 

Assets

 

(In thousands)

 

Securities available-for-sale

                               

U.S. Treasury securities

  $ 240,500     $     $     $ 240,500  

U.S. government agency entities

          63,610             63,610  

U.S. government sponsored entities

          30,000             30,000  

Mortgage-backed securities

          867,094             867,094  

Collateralized mortgage obligations

          31,061             31,061  

Corporate debt securities

          241,083             241,083  

Total securities available-for-sale

    240,500       1,232,848             1,473,348  
                                 

Equity securities

                               

Mutual funds

    5,509                   5,509  

Preferred stock of government sponsored entities

    1,289                   1,289  

Other equity securities

    15,360                   15,360  

Total equity securities

    22,158                   22,158  

Warrants

                50       50  

Interest rate swaps

          44,443             44,443  

Foreign exchange contracts

          448             448  

Total assets

  $ 262,658     $ 1,277,739     $ 50     $ 1,540,447  
                                 

Liabilities

                               

Interest rate swaps

  $     $ 51,864     $     $ 51,864  

Foreign exchange contracts

          942             942  

Total liabilities

  $     $ 52,806     $     $ 52,806  

As of December 31, 2021

 

Fair Value Measurements Using

   

Total at

 
   

Level 1

   

Level 2

   

Level 3

   

Fair Value

 

Assets

 

(In thousands)

 

Securities available-for-sale

                               

U.S. Treasury securities

  $     $     $     $  

U.S. government agency entities

          87,509             87,509  

Mortgage-backed securities

          888,665             888,665  

Collateralized mortgage obligations

          9,117             9,117  

Corporate debt securities

          142,018             142,018  

Total securities available-for-sale

          1,127,309             1,127,309  
                                 

Equity securities

                               

Mutual funds

    6,230                   6,230  

Preferred stock of government sponsored entities

    1,811                   1,811  

Other equity securities

    14,278                   14,278  

Total equity securities

    22,319                   22,319  

Warrants

                23       23  

Interest rate swaps

          10,090             10,090  

Foreign exchange contracts

          1,113             1,113  

Total assets

  $ 22,319     $ 1,138,512     $ 23     $ 1,160,854  
                                 

Liabilities

                               

Interest rate swaps

  $     $ 12,642     $     $ 12,642  

Foreign exchange contracts

          327             327  

Total liabilities

  $     $ 12,969     $     $ 12,969  
Fair Value Measurements, Nonrecurring [Table Text Block]
   

As of December 31, 2022

   

Total Losses

 
   

Fair Value Measurements Using

   

Total at

   

For the Twelve Months Ended

 
   

Level 1

   

Level 2

   

Level 3

   

Fair Value

   

December 31, 2022

   

December 31, 2021

 

Assets

 

(In thousands)

 
                                                 

Non-accrual loans by type:

                                               

Commercial loans

  $     $     $ 12,950     $ 12,950     $ 1,786     $ 1,012  

Commercial mortgage loans

                32,205       32,205       2,091        

Residential mortgage and equity lines

                8,978       8,978              

Installment and other loans

                8       8              

Total non-accrual loans

                54,141       54,141       3,877       1,012  

Other real estate owned (1)

                4,328       4,328             17  

Investments in venture capital

                689       689       268       143  

Total assets

  $     $     $ 59,158     $ 59,158     $ 4,145     $ 1,172  
   

As of December 31, 2021

   

Total Losses/(Gains)

 
   

Fair Value Measurements Using

   

Total at

   

For the Twelve Months Ended

 
   

Level 1

   

Level 2

   

Level 3

   

Fair Value

   

December 31, 2021

   

December 31, 2020

 

Assets

 

(In thousands)

 
                                                 

Non-accrual loans by type:

                                               

Commercial loans

  $     $     $ 4,327     $ 4,327     $ 1,012     $ 7,012  

Commercial mortgage loans

                13,335       13,335              

Residential mortgage and equity lines

                5,243       5,243              

Total non-accrual loans

                22,905       22,905       1,012       7,012  

Other real estate owned (1)

                4,589       4,589       17       717  

Investments in venture capital

                952       952       143       107  

Total assets

  $     $     $ 28,446     $ 28,446     $ 1,172     $ 7,836  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

December 31, 2022

   

December 31, 2021

 
   

Carrying

           

Carrying

         
   

Amount

   

Fair Value

   

Amount

   

Fair Value

 
   

(In thousands)

 

Financial Assets

                               

Cash and due from banks

  $ 195,440     $ 195,440     $ 134,141     $ 134,141  

Short-term investments

    966,962       966,962       2,315,563       2,315,563  

Securities available-for-sale

    1,473,348       1,473,348       1,127,309       1,127,309  

Loans, net

    18,100,898       17,944,588       16,202,001       16,499,869  

Equity securities

    22,158       22,158       22,319       22,319  

Investment in Federal Home Loan Bank stock

    17,250       17,250       17,250       17,250  

Warrants

    50       50       23       23  
   

Notional

           

Notional

         
   

Amount

   

Fair Value

   

Amount

   

Fair Value

 

Foreign exchange contracts

  $ 72,996     $ 448     $ 181,997     $ 1,113  

Interest rate swaps

    817,615       44,443       904,635       10,090  

Financial Liabilities

 

Carrying

           

Carrying

         
   

Amount

   

Fair Value

   

Amount

   

Fair Value

 

Deposits

  $ 18,505,279     $ 18,572,387     $ 18,058,842     $ 18,051,720  

Advances from Federal Home Loan Bank

    485,000       482,737       20,000       21,279  

Other borrowings

    22,600       18,385       23,145       18,945  

Long-term debt

    119,136       68,231       119,136       62,274  
   

Notional

           

Notional

         
   

Amount

   

Fair Value

   

Amount

   

Fair Value

 

Option contracts

  $     $     $ 676     $ 3  

Foreign exchange contracts

    170,213       942       51,782       327  

Interest rate swaps

    595,426       51,864       872,400       12,642  
   

Notional

           

Notional

         
   

Amount

   

Fair Value

   

Amount

   

Fair Value

 

Off-Balance Sheet Financial Instruments

                               

Commitments to extend credit

  $ 3,630,304     $ (14,797 )   $ 3,297,362     $ (12,594 )

Standby letters of credit

    315,821       (2,738 )     266,490       (2,640 )

Other letters of credit

    29,416       (33 )     16,652       (13 )

Bill of lading guarantees

                       
Schedule Of Fair Value Of Financial Instruments [Table Text Block]
   

As of December 31, 2022

 
   

Estimated

                         
   

Fair Value

                         
   

Measurements

   

Level 1

   

Level 2

   

Level 3

 
   

(In thousands)

 

Financial Assets

                               

Cash and due from banks

  $ 195,440     $ 195,440     $     $  

Short-term investments

    966,962       966,962              

Securities available-for-sale

    1,473,348       240,500       1,232,848        

Loans, net

    17,944,588                   17,944,588  

Equity securities

    22,158       22,158              

Investment in Federal Home Loan Bank stock

    17,250             17,250        

Warrants

    50                   50  

Financial Liabilities

                               

Deposits

    18,572,387                   18,572,387  

Advances from Federal Home Loan Bank

    482,737             482,737        
Other borrowings     18,385                   18,385  

Long-term debt

    68,231             68,231        
   

As of December 31, 2021

 
   

Estimated

                         
   

Fair Value

                         
   

Measurements

   

Level 1

   

Level 2

   

Level 3

 
   

(In thousands)

 

Financial Assets

                               

Cash and due from banks

  $ 134,141     $ 134,141     $     $  

Short-term investments

    2,315,563       2,315,563              

Securities available-for-sale

    1,127,309             1,127,309        

Loans, net

    16,499,869                   16,499,869  

Equity securities

    22,319       22,319              

Investment in Federal Home Loan Bank stock

    17,250             17,250        

Warrants

    23                   23  

Financial Liabilities

                               

Deposits

    18,051,720                   18,051,720  

Advances from Federal Home Loan Bank

    21,279             21,279        

Other borrowings

    18,945                   18,945  

Long-term debt

    62,274             62,274