Fair Value Measurements (Tables)
|
12 Months Ended |
Dec. 31, 2012
|
Fair Value Disclosures [Abstract] |
|
Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block] |
The fair value of financial assets and liabilities that are measured on a recurring basis are as follows as of December 31, 2012 (in thousands): | | | | | | | | | | | | | | | | | | | | Total | | Quoted Prices in Active Markets for Identical Instruments | | Significant Other Observable Inputs | | Significant Unobservable Inputs | Assets: | | | | | | | | | Trading securities: | | | | | | | | | U.S. Government agency debentures | | $ | 16,545 |
| | $ | — |
| | $ | 16,545 |
| | $ | — |
| U.S. agency residential mortgage-backed securities | | 86,361 |
| | — |
| | 86,361 |
| | — |
| Municipal and other tax-exempt securities | | 90,326 |
| | — |
| | 90,326 |
| | — |
| Other trading securities | | 20,870 |
| | — |
| | 20,870 |
| | — |
| Total trading securities | | 214,102 |
| | — |
| | 214,102 |
| | — |
| Available for sale securities: | | |
| | |
| | |
| | |
| U.S. Treasury | | 1,002 |
| | 1,002 |
| | — |
| | — |
| Municipal and other tax-exempt | | 87,142 |
| | — |
| | 46,439 |
| | 40,702 |
| U.S. agency residential mortgage-backed securities | | 9,889,821 |
| | — |
| | 9,889,821 |
| | — |
| Privately issued residential mortgage-backed securities | | 325,163 |
| | — |
| | 325,163 |
| | — |
| Commercial mortgage-backed securities guaranteed by U.S. government agencies | | 895,075 |
| | — |
| | 895,075 |
| | — |
| Other debt securities | | 36,389 |
| | — |
| | 30,990 |
| | 5,399 |
| Perpetual preferred stock | | 25,072 |
| | — |
| | 25,072 |
| | — |
| Equity securities and mutual funds | | 27,557 |
| | 4,165 |
| | 21,231 |
| | 2,161 |
| Total available for sale securities | | 11,287,221 |
| | 5,167 |
| | 11,233,791 |
| | 48,262 |
| Fair value option securities: | | | | | | | | | U.S. agency residential mortgage-backed securities | | 257,040 |
| | — |
| | 257,040 |
| | — |
| Corporate debt securities | | 26,486 |
| | — |
| | 26,486 |
| | — |
| Other securities | | 770 |
| | — |
| | 770 |
| | — |
| Total fair value option securities | | 284,296 |
| | — |
| | 284,296 |
| | — |
| Residential mortgage loans held for sale | | 293,762 |
| | — |
| | 293,762 |
| | — |
| Mortgage servicing rights1 | | 100,812 |
| | — |
| | — |
| | 100,812 |
| Derivative contracts, net of cash margin2 | | 338,106 |
| | 11,597 |
| 3 | 326,509 |
| | — |
| Other assets – private equity funds | | 28,169 |
| | — |
| | — |
| | 28,169 |
| Liabilities: | | |
| | |
| | |
| | |
| Derivative contracts, net of cash margin2 | | 283,589 |
| | — |
| | 283,589 |
| | — |
|
| | 1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities. |
| | 2 | See Note 3 for detail of fair value of derivative contracts by contract type. |
| | 3 | Represents exchange-traded derivative contracts. |
The fair value of financial assets and liabilities that are measured on a recurring basis are as follows as of December 31, 2011 (in thousands): | | | | | | | | | | | | | | | | | | | | Total | | Quoted Prices in Active Markets for Identical Instruments | | Significant Other Observable Inputs | | Significant Unobservable Inputs | Assets: | | | | | | | | | Trading securities: | | | | | | | | | U.S. Government agency debentures | | $ | 22,203 |
| | $ | — |
| | $ | 22,203 |
| | $ | — |
| U.S. agency residential mortgage-backed securities | | 12,379 |
| | — |
| | 12,379 |
| | — |
| Municipal and other tax-exempt securities | | 39,345 |
| | — |
| | 39,345 |
| | — |
| Other trading securities | | 2,873 |
| | — |
| | 2,696 |
| | 177 |
| Total trading securities | | 76,800 |
| | — |
| | 76,623 |
| | 177 |
| Available for sale securities: | | |
| | |
| | |
| | |
| U.S. Treasury | | 1,006 |
| | 1,006 |
| | — |
| | — |
| Municipal and other tax-exempt | | 68,837 |
| | — |
| | 26,484 |
| | 42,353 |
| U.S. agency residential mortgage-backed securities | | 9,588,177 |
| | — |
| | 9,588,177 |
| | — |
| Privately issued residential mortgage-backed securities | | 419,166 |
| | — |
| | 419,166 |
| | — |
| Other debt securities | | 36,495 |
| | — |
| | 30,595 |
| | 5,900 |
| Perpetual preferred stock | | 18,446 |
| | — |
| | 18,446 |
| | — |
| Equity securities and mutual funds | | 47,238 |
| | 23,596 |
| | 23,642 |
| | — |
| Total available for sale securities | | 10,179,365 |
| | 24,602 |
| | 10,106,510 |
| | 48,253 |
| Fair value option securities: | | | | | | | | | U.S. agency residential mortgage-backed securities | | 626,109 |
| | — |
| | 626,109 |
| | — |
| Corporate debt securities | | 25,117 |
| | — |
| | 25,117 |
| | — |
| Total fair value option securities | | 651,226 |
| | — |
| | 651,226 |
| | — |
| Residential mortgage loans held for sale | | 188,125 |
| | — |
| | 188,125 |
| | — |
| Mortgage servicing rights1 | | 86,783 |
| | — |
| | — |
| | 86,783 |
| Derivative contracts, net of cash margin 2 | | 293,859 |
| | 457 |
| 3 | 293,402 |
| | — |
| Other assets – private equity funds | | 30,902 |
| | — |
| | — |
| | 30,902 |
| Liabilities: | | |
| | |
| | |
| | |
| Derivative contracts, net of cash margin 2 | | 236,522 |
| | — |
| | 236,522 |
| | — |
|
| | 1 | A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 7, Mortgage Banking Activities. |
| | 2 | See Note 3 for detail of fair value of derivative contracts by contract type. |
| | 3 | Represents exchange-traded derivative contracts. |
|
Fair Value Assets Measured On Recurring Basis Significant Unobservable Inputs [Table Text Block] |
The following represents the changes related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands): | | | | | | | | | | | | | | | | | | | | Available for Sale Securities | | | | | Municipal and other tax-exempt | | Other debt securities | | Equity securities and mutual funds | | Other assets – private equity funds | Balance, December 31, 2010 | | $ | 47,093 |
| | $ | 6,400 |
| | $ | — |
| | $ | 25,436 |
| Purchases and capital calls | | 7,520 |
| | — |
| | — |
| | 4,052 |
| Redemptions and distributions | | (10,625 | ) | | (500 | ) | | — |
| | (3,903 | ) | Gain (loss) recognized in earnings: | | |
| | |
| | — |
| | |
| Brokerage and trading revenue | | (576 | ) | | — |
| | — |
| | — |
| Gain (loss) on other assets, net | | — |
| | — |
| | — |
| | 5,317 |
| Gain on available for sale securities, net | | 21 |
| | — |
| | — |
| | — |
| Other-than-temporary impairment losses | | (1,558 | ) | | — |
| | — |
| | — |
| Other comprehensive (loss) | | 478 |
| | — |
| | — |
| | — |
| Balance, December 31, 2011 | | 42,353 |
| | 5,900 |
| | — |
| | 30,902 |
| Transfer to Level 3 from Level 2 | | — |
| | — |
| | 2,161 |
| | — |
| Purchases and capital calls | | — |
| | — |
| | — |
| | 3,446 |
| Redemptions and distributions | | (988 | ) | | (500 | ) | | — |
| | (9,819 | ) | Gain (loss) recognized in earnings: | | |
| | |
| | | | |
| Gain on other assets, net | | — |
| | — |
| | — |
| | 3,640 |
| Gain on available for sale securities, net | | 1 |
| | — |
| | — |
| | — |
| Other-than-temporary impairment losses | | (642 | ) | | — |
| | — |
| | — |
| Other comprehensive (loss) | | (22 | ) | | (1 | ) | | — |
| | — |
| Balance, December 31, 2012 | | $ | 40,702 |
| | $ | 5,399 |
| | $ | 2,161 |
| | $ | 28,169 |
|
|
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] |
A summary of quantitative information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of December 31, 2012 follows (in thousands): | | | | | | | | | | | | | | | | | | | | | Quantitative Information about Level 3 Recurring Fair Value Measurements | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Par Value | | Amortized Cost6 | | Fair Value | | Valuation Technique(s) | | Unobservable Input | | Range (Weighted Average) | | | | | | | | | | | | | | | | Available for sale securities | | | | | | | | | | | | | | Municipal and other tax-exempt securities | | | | | | | | | | | | | | Investment grade | | $ | 28,570 |
| | $ | 28,473 |
| | $ | 28,318 |
| | Discounted cash flows | 1 | Interest rate spread | | 1.00%-1.50% (1.25%) | 2 | 98.83%-99.43% (99.12%) | 3 | Below investment grade | | 17,000 |
| | 12,384 |
| | 12,384 |
| | Discounted cash flows | 1 | Interest rate spread | | 7.21%-9.83% (7.82%) | 4 | 72.79%-73.00% (72.85%) | 3 | Total municipal and other tax-exempt securities | | 45,570 |
| | 40,857 |
| | 40,702 |
| | | | | | | | Other debt securities | | 5,400 |
| | 5,400 |
| | 5,399 |
| | Discounted cash flows | 1 | Interest rate spread | | 1.65%-1.71% (1.70%) | 5 | 100% (100%) | 3 | Equity securities and other mutual funds | | N/A | | 2,161 |
| | 2,161 |
| | Tangible book value per share of publicly traded financial institutions of similar size, less liquidity discount. | | Peer group tangible book per share and liquidity discount | | — | 7 | | | | | | | | | | | | | | | Other assets - private equity funds | | N/A | | N/A | | 28,169 |
| | Net asset value reported by underlying fund | | Net asset value reported by underlying fund | | N/A | |
| | 1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume |
| | 2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 75 to 80 basis points over average yields for comparable tax-exempt securities. |
| | 3 | Represents fair value as a percentage of par value |
| | 4 | Interest rate yields determined using a spread of 700 basis points over comparable municipal securities of varying durations. |
| | 5 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. |
| | 6 | Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion. |
| | 7 | Fair value of shares of a smaller privately-held financial institution were valued using the tangible book value per share of similarly sized financial institutions within the immediate geographical market with a discount of 20% due to the liquidity of the shares. |
The fair value of these securities measured at fair value using significant unobservable inputs are sensitive primarily to changes in interest rate spreads. At December 31, 2012, for tax-exempt securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yields for comparable securities would result in an additional decrease in the fair value of $279 thousand. For taxable securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yield for comparable securities would result in an additional decrease in the fair value of $52 thousand. For municipal and other tax-exempt securities rated below investment grade by at least one of the nationally-recognized rating agencies, a 100 basis point increase in the spread over average yields for comparable securities would result in an additional decrease in the fair value of these securities of $362 thousand.
A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2011 follows (in thousands): | | | | | | | | | | | | | | | | | | | | | Quantitative Information about Level 3 Recurring Fair Value Measurements | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Par Value | | Amortized Cost6 | | Fair Value | | Valuation Technique(s) | | Unobservable Input | | Range (Weighted Average) | | | | | | | | | | | | | | | | Available for sale securities | | | | | | | | | | | | | | Municipal and other tax-exempt securities | | | | | | | | | | | | | | Investment grade | | $ | 29,200 |
| | $ | 29,466 |
| | $ | 29,327 |
| | Discounted cash flows1 | | Interest rate spread | | 1.00%-1.50% (1.25%) | 2 | 98.79%-99.60% (99.16%) | 3 | Below investment grade | | 17,000 |
| | 13,026 |
| | 13,026 |
| | Discounted cash flows1 | | Interest rate spread | | 6.25%-9.58% (6.93%) | 4 | 76.45%-76.99% (76.62%) | 3 | Total municipal and other tax-exempt securities | | 46,200 |
| | 42,492 |
| | 42,353 |
| | | | | | | | Other debt securities | | 5,900 |
| | 5,900 |
| | 5,900 |
| | Discounted cash flows1 | | Interest rate spread | | 1.60%-1.80% (1.76%) | 5 | 100% (100%) | 3 | | | | | | | | | | | | | | | Other assets - private equity funds | | N/A | | N/A | | 30,902 |
| | Net asset value reported by underlying fund | | Net asset value reported by underlying fund | | N/A | |
| | 1 | Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume |
| | 2 | Interest rate yields used to value investment grade tax-exempt securities represent a spread of 75 to 80 basis points over average yields for comparable tax-exempt securities. |
| | 3 | Represents fair value as a percentage of par value |
| | 4 | Interest rate yields determined using a spread of 600 basis points over comparable municipal securities of varying durations. |
| | 5 | Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%. |
| | 6 | Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion. |
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2012 follows (in thousands): | | | | | | | | | | | | Quantitative Information about Level 3 Non-recurring Fair Value Measurements | | | Fair Value | | Valuation Technique(s) | | Unobservable Input | | Range (Weighted Average) | | | | | | | | | | Impaired loans | | $ | 3,891 |
| | Appraised value, as adjusted | | Broker quotes and management's knowledge of industry and collateral. | | N/A | Real estate and other repossessed assets | | 4,421 |
| | Listing value, less cost to sell | | Marketability adjustments off appraised value | | 56%-85% (80%)1 |
| | 1 | Marketability adjustments includes consideration of estimated costs to sell which is approximately 15% of the fair value. In addition, $345 thousand of real estate and other repossessed assets at December 31, 2012 are based on uncorroborated expert opinions or management's knowledge of the collateral or industry and do not have an independently appraised value. |
A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2011 follows (in thousands): | | | | | | | | | | | | Quantitative Information about Level 3 Non-recurring Fair Value Measurements | | | Fair Value | | Valuation Technique(s) | | Unobservable Input | | Range (Weighted Average) | | | | | | | | | | Impaired loans | | $ | 1,447 |
| | Appraised value, as adjusted | | Broker quotes and management's knowledge of industry and collateral. | | N/A | Real estate and other repossessed assets | | $ | 13,100 |
| | Listing value, less cost to sell | | Marketability adjustments off appraised value | | 58%-85%(76%)1 |
| | 1 | Marketability adjustments includes consideration of estimated costs to sell which is approximately 15% of the fair value. In addition, $2.4 million of real estate and other repossessed assets at December 31, 2011 are based on uncorroborated expert opinions or management's knowledge of the collateral or industry and do not have an independently appraised value. |
|
Fair Value Assets Measured on Nonrecurring Basis [Table Text Block] |
The following represents the carrying value of assets measured at fair value on a non-recurring basis and related losses recorded during the year. The carrying value represents only those assets with the balance sheet date for which the fair value was adjusted during the year: | | | | | | | | | | | | | | | | | | | | | | Carrying Value at December 31, 2012 | | Fair Value Adjustments for the Year Ended December 31, 2012 Recognized in: | | Quoted Prices in Active Markets for Identical Instruments | | Significant Other Observable Inputs | | Significant Unobservable Inputs | | Gross charge-offs against allowance for loan losses | | Net losses and expenses of repossessed assets, net | Impaired loans | $ | — |
| | $ | 21,589 |
| | $ | 3,891 |
| | $ | 11,615 |
| | $ | — |
| Real estate and other repossessed assets | — |
| | 39,077 |
| | 4,421 |
| | — |
| | 15,954 |
|
| | | | | | | | | | | | | | | | | | | | | | Carrying Value at December 31, 2011 | | Fair Value Adjustments for the Year Ended December 31, 2011 Recognized in: | | Quoted Prices in Active Markets for Identical Instruments | | Significant Other Observable Inputs | | Significant Unobservable Inputs | | Gross charge-offs against allowance for loan losses | | Net losses and expenses of repossessed assets, net | Impaired loans | $ | — |
| | $ | 52,421 |
| | $ | 1,447 |
| | $ | 13,829 |
| | $ | — |
| Real estate and other repossessed assets | — |
| | 57,160 |
| | 13,100 |
| | — |
| | 14,077 |
|
|
Fair Value of Financial Instruments [Table Text Block] |
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of December 31, 2012 (dollars in thousands): | | | | | | | | | | | | | | | | | | | Carrying Value | | Range of Contractual Yields | | Average Re-pricing (in years) | | Discount Rate | | Estimated Fair Value | Cash and cash equivalents | | $ | 1,286,239 |
| | | | | | | | $ | 1,286,239 |
| Trading securities: | | | | | | | | | | | U.S. Government agency obligations | | 16,545 |
| | | | | | | | 16,545 |
| U.S. agency residential mortgage-backed securities | | 86,361 |
| | | | | | | | 86,361 |
| Municipal and other tax-exempt securities | | 90,326 |
| | | | | | | | 90,326 |
| Other trading securities | | 20,870 |
| | | | | | | | 20,870 |
| Total trading securities | | 214,102 |
| | | | | | | | 214,102 |
| Investment securities: | | |
| | | | | | | | |
| Municipal and other tax-exempt | | 232,700 |
| | | | | | | | 235,940 |
| U.S. agency residential mortgage-backed securities | | 82,767 |
| | | | | | | | 85,943 |
| Other debt securities | | 184,067 |
| | | | | | | | 206,575 |
| Total investment securities | | 499,534 |
| | | | | | | | 528,458 |
| Available for sale securities: | | |
| | | | | | | | |
| U.S. Treasury | | 1,002 |
| | | | | | | | 1,002 |
| Municipal and other tax-exempt | | 87,142 |
| | | | | | | | 87,142 |
| U.S. agency residential mortgage-backed securities | | 9,889,821 |
| | | | | | | | 9,889,821 |
| Privately issued residential mortgage-backed securities | | 325,163 |
| | | | | | | | 325,163 |
| Commercial mortgage-backed securities guaranteed by U.S. government agencies | | 895,075 |
| | | | | | | | 895,075 |
| Other debt securities | | 36,389 |
| | | | | | | | 36,389 |
| Perpetual preferred stock | | 25,072 |
| | | | | | | | 25,072 |
| Equity securities and mutual funds | | 27,557 |
| | | | | | | | 27,557 |
| Total available for sale securities | | 11,287,221 |
| | | | | | | | 11,287,221 |
| Fair value option securities: | | | | | | | | | | | U.S. agency residential mortgage-backed securities | | 257,040 |
| | | | | | | | 257,040 |
| Corporate debt securities | | 26,486 |
| | | | | | | | 26,486 |
| Other securities | | 770 |
| | | | | | | | 770 |
| Total fair value option securities | | 284,296 |
| | | | | | | | 284,296 |
| Residential mortgage loans held for sale | | 293,762 |
| | | | | | | | 293,762 |
| Loans: | | |
| | | | | | | | |
| Commercial | | 7,641,912 |
| | 0.21 - 30.00 | | 0.69 |
| | 0.51 - 3.59 | | 7,606,505 |
| Commercial real estate | | 2,228,999 |
| | 0.21 - 18.00 | | 0.92 |
| | 1.26 - 3.18 | | 2,208,217 |
| Residential mortgage | | 2,045,040 |
| | 0.38 - 18.00 | | 3.34 |
| | 0.86 - 3.09 | | 2,110,773 |
| Consumer | | 395,505 |
| | 0.38 - 21.00 | | 0.32 |
| | 1.37 - 3.60 | | 388,748 |
| Total loans | | 12,311,456 |
| | | | |
| | | | 12,314,243 |
| Allowance for loan losses | | (215,507 | ) | | | | |
| | | | — |
| Net loans | | 12,095,949 |
| | | | |
| | | | 12,314,243 |
| Mortgage servicing rights | | 100,812 |
| | | | |
| | | | 100,812 |
| Derivative instruments with positive fair value, net of cash margin | | 338,106 |
| | | | |
| | | | 338,106 |
| Other assets – private equity funds | | 28,169 |
| | | | |
| | | | 28,169 |
| Deposits with no stated maturity | | 18,211,068 |
| | | | |
| | | | 18,211,068 |
| Time deposits | | 2,967,992 |
| | 0.01 - 9.64 | | 2.15 |
| | 0.80 - 1.15 | | 3,037,708 |
| Other borrowings | | 2,706,221 |
| | 0.09 - 5.25 | | — |
| | 0.09 - 2.67 | | 2,696,574 |
| Subordinated debentures | | 347,633 |
| | 1.00 - 5.00 | | 3.56 |
| | 2.40% | | 345,675 |
| Derivative instruments with negative fair value, net of cash margin | | 283,589 |
| | | | |
| | | | 283,589 |
|
The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of December 31, 2011 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | Carrying Value | | Range of Contractual Yields | | Average Re-pricing (in years) | | Discount Rate | | Estimated Fair Value | Cash and cash equivalents | | $ | 986,365 |
| | | | | | | | $ | 986,365 |
| Trading securities: | | | | | | | | | | | Obligations of the U.S. government | | 22,203 |
| | | | | | | | 22,203 |
| U.S. agency residential mortgage-backed securities | | 12,379 |
| | | | | | | | 12,379 |
| Municipal and other tax-exempt securities | | 39,345 |
| | | | | | | | 39,345 |
| Other trading securities | | 2,873 |
| | | | | | | | 2,873 |
| Total trading securities | | 76,800 |
| | | | | | | | 76,800 |
| Investment securities: | | |
| | | | | | | | |
| Municipal and other tax-exempt | | 128,697 |
| | | | | | | | 133,670 |
| U.S. agency residential mortgage-backed securities | | 121,704 |
| | | | | | | | 120,536 |
| Other debt securities | | 188,835 |
| | | | | | | | 208,451 |
| Total investment securities | | 439,236 |
| | | | | | | | 462,657 |
| Available for sale securities: | | |
| | | | | | | | |
| U.S. Treasury | | 1,006 |
| | | | | | | | 1,006 |
| Municipal and other tax-exempt | | 68,837 |
| | | | | | | | 68,837 |
| U.S. agency residential mortgage-backed securities | | 9,588,177 |
| | | | | | | | 9,588,177 |
| Privately issued residential mortgage-backed securities | | 419,166 |
| | | | | | | | 419,166 |
| Other debt securities | | 36,495 |
| | | | | | | | 36,495 |
| Perpetual preferred stock | | 18,446 |
| | | | | | | | 18,446 |
| Equity securities and mutual funds | | 47,238 |
| | | | | | | | 47,238 |
| Total available for sale securities | | 10,179,365 |
| | | | | | | | 10,179,365 |
| Fair value option securities: | | | | | | | | | | | U.S. agency residential mortgage-backed securities | | 626,109 |
| | | | | | | | 626,109 |
| Corporate debt securities | | 25,117 |
| | | | | | | | 25,117 |
| Total fair value option securities | | 651,226 |
| | | | | | | | 651,226 |
| Residential mortgage loans held for sale | | 188,125 |
| | | | | | | | 188,125 |
| Loans: | | |
| | | | |
| | |
| | |
| Commercial | | 6,571,454 |
| | 0.25 - 30.00 | | 0.57 |
| | 0.63 - 3.85 |
| | 6,517,795 |
| Commercial real estate | | 2,279,909 |
| | 0.38 - 18.00 | | 1.26 |
| | 0.28 - 3.51 |
| | 2,267,375 |
| Residential mortgage | | 1,970,461 |
| | 0.38 - 18.00 | | 3.26 |
| | 1.14 - 3.70 |
| | 2,034,898 |
| Consumer | | 447,919 |
| | 0.38 - 21.00 | | 0.42 |
| | 1.88 - 3.88 |
| | 436,490 |
| Total loans | | 11,269,743 |
| | | | |
| | |
| | 11,256,558 |
| Allowance for loan losses | | (253,481 | ) | | | | |
| | |
| | — |
| Net loans | | 11,016,262 |
| | | | |
| | |
| | 11,256,558 |
| Mortgage servicing rights | | 86,783 |
| | | | |
| | |
| | 86,783 |
| Derivative instruments with positive fair value, net of cash margin | | 293,859 |
| | | | |
| | |
| | 293,859 |
| Other assets – private equity funds | | 30,902 |
| | | | |
| | |
| | 30,902 |
| Deposits with no stated maturity | | 15,380,598 |
| | | | |
| | |
| | 15,380,598 |
| Time deposits | | 3,381,982 |
| | 0.01 - 9.64 | | 2.07 |
| | 1.02 - 1.43 |
| | 3,441,610 |
| Other borrowings | | 2,370,867 |
| | 0.25 - 6.58 | | — |
| | 0.04 - 2.76 |
| | 2,369,224 |
| Subordinated debentures | | 398,881 |
| | 5.19 - 5.82 | | 1.44 |
| | 3.29 | % | | 411,243 |
| Derivative instruments with negative fair value, net of cash margin | | 236,522 |
| | | | |
| | |
| | 236,522 |
|
|