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Note 12 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2024
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

March 31, 2024

     
  

Fair Value Measurements Using

  

Total Fair Value

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

 
  

(In thousands)

 

Assets

                

Securities AFS

                

U.S. Treasury securities

 $541,798  $  $  $541,798 

U.S. government agency entities

     12,058      12,058 

U.S. government sponsored entities

     59,745      59,745 

Mortgage-backed securities

     754,162      754,162 

Collateralized mortgage obligations

     27,198      27,198 

Corporate debt securities

     258,206      258,206 

Total securities AFS

  541,798   1,111,369      1,653,167 
                 

Equity securities

                

Mutual funds

  5,526         5,526 

Preferred stock of government sponsored entities

  2,384         2,384 

Other equity securities

  23,470         23,470 

Total equity securities

  31,380         31,380 
                 

Interest rate swaps

     55,138      55,138 

Foreign exchange contracts

     334      334 

Total assets

 $573,178  $1,166,841  $  $1,740,019 
                 

Liabilities

                

Interest rate swaps

 $  $42,014  $  $42,014 

Foreign exchange contracts

     186      186 

Total liabilities

 $  $42,200  $  $42,200 
  

December 31, 2023

     
  

Fair Value Measurements Using

  

Total Fair Value

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

 
  

(In thousands)

 

Assets

                

Securities AFS

                

U.S. Treasury securities

 $495,300  $  $  $495,300 

U.S. government agency entities

     48,169      48,169 

Mortgage-backed securities

     786,723      786,723 

Collateralized mortgage obligations

     28,044      28,044 

Corporate debt securities

     246,334      246,334 

Total securities AFS

  495,300   1,109,270      1,604,570 
                 

Equity securities

                

Mutual funds

  5,585         5,585 

Preferred stock of government sponsored entities

  1,821         1,821 

Other equity securities

  33,000         33,000 

Total equity securities

  40,406         40,406 
                 

Interest rate swaps

     54,268      54,268 

Foreign exchange contracts

     379      379 

Total assets

 $535,706  $1,163,917  $  $1,699,623 
                 

Liabilities

                

Interest rate swaps

 $  $45,762  $  $45,762 

Foreign exchange contracts

     175      175 

Total liabilities

 $  $45,937  $  $45,937 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

As of March 31, 2024

  

Total Losses

 
  

Fair Value Measurements Using

  

Total Fair Value

  

For the Three Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

  

March 31, 2024

  

March 31, 2023

 
  

(In thousands)

 

Assets

                        

Non accrual loans by type:

                        

Commercial loans

 $  $  $129  $129  $1,038  $2,793 

Commercial real estate loans

        20,002   20,002   251   3,990 

Total non accrual loans

        20,131   20,131   1,289   6,783 

Other real estate owned (1)

        20,446   20,446       

Investments in venture capital

        93   93       

Total assets

 $  $  $40,670  $40,670  $1,289  $6,783 
  

As of December 31, 2023

  

Total Losses

 
  

Fair Value Measurements Using

  

Total Fair Value

  

For the Twelve Months Ended

 
  

Level 1

  

Level 2

  

Level 3

  

Measurements

  

December 31, 2023

  

December 31, 2022

 
  

(In thousands)

 

Assets

                        

Non accrual loans by type:

                        

Commercial loans

 $  $  $191  $191  $  $1,786 

Commercial real estate loans

        6,882   6,882   4,069   2,091 

Total non accrual loans

        7,073   7,073   4,069   3,877 

Other real estate owned (1)

        20,446   20,446       

Investments in venture capital

        237   237   227   268 

Total assets

 $  $  $27,756  $27,756  $4,296  $4,145 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

March 31, 2024

  

December 31, 2023

 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $165,284  $165,284  $173,988  $173,988 

Short-term investments

  1,010,651   1,010,651   654,813   654,813 

Securities AFS

  1,653,167   1,653,167   1,604,570   1,604,570 

Loans held-for-sale

  23,171   23,171       

Loans held for investment, net

  19,263,070   19,597,530   19,382,858   19,605,152 

Equity securities

  31,380   31,380   40,406   40,406 

Investment in Federal Home Loan Bank stock

  17,250   17,250   17,746   17,746 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $250,648  $334  $124,452  $379 

Interest rate swaps

  1,100,019   55,138   1,406,879   54,268 
  

Carrying

      

Carrying

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Financial Liabilities

                

Deposits

 $19,846,259  $19,855,328  $19,325,447  $19,347,070 

Advances from Federal Home Loan Bank

  265,000   264,596   540,000   536,996 

Other borrowings

  17,557   15,373   15,787   13,978 

Long-term debt

  119,136   73,102   119,136   72,304 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Foreign exchange contracts

 $66,081  $186  $101,378  $175 

Interest rate swaps

  952,560   42,014   1,078,880   45,762 
  

Notional

      

Notional

     
  

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Off-Balance Sheet Financial Instruments

                

Commitments to extend credit

 $3,925,285  $(19,052) $3,808,620  $(14,344)

Standby letters of credit

  386,442   (3,031)  368,618   (2,821)

Other letters of credit

  19,450   (17)  11,308   (10)
Schedule Of Fair Value Of Financial Instruments [Table Text Block]
  

As of March 31, 2024

 
  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $165,284  $165,284  $  $ 

Short-term investments

  1,010,651   1,010,651       

Loans held-for-sale

  23,171      23,171    

Loans held for investment, net

  19,597,530         19,597,530 

Equity securities

  31,380   31,380       

Investment in Federal Home Loan Bank stock

  17,250      17,250    

Financial Liabilities

                

Deposits

  19,855,328         19,855,328 

Advances from Federal Home Loan Bank

  264,596      264,596    

Other borrowings

  15,373         15,373 

Long-term debt

  73,102      73,102    
  

As of December 31, 2023

 
  

Fair Value

  

Level 1

  

Level 2

  

Level 3

 
  

(In thousands)

 

Financial Assets

                

Cash and due from banks

 $173,988  $173,988  $  $ 

Short-term investments

  654,813   654,813       

Loans held for investment, net

  19,605,152         19,605,152 

Equity securities

  40,406   40,406       

Investment in Federal Home Loan Bank stock

  17,746      17,746    

Financial Liabilities

                

Deposits

  19,347,070         19,347,070 

Advances from Federal Home Loan Bank

  536,996      536,996    

Other borrowings

  13,978         13,978 

Long-term debt

  72,304      72,304