COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Balances of Commitments and Contingencies

The following table presents the balances of commitments and contingencies (dollars in thousands):

	March 31, 2020		December 31, 2019
Commitments with off-balance sheet risk:
Commitments to extend credit (1)	$	4,605,213	$	4,691,272
Standby letters of credit		165,371		209,658
Total commitments with off-balance sheet risk	$	4,770,584	$	4,900,930
(1) Includes unfunded overdraft protection.

Schedule of Pledged Assets, Not Separately Reported on Statement of Financial Position

As part of the Company’s liquidity management strategy, it pledges collateral to secure various financing and other activities that occur during the normal course of business. The following tables present the types of collateral pledged, at March 31, 2020 and December 31, 2019 (dollars in thousands):

	Pledged Assets as of March 31, 2020
			AFS		HTM
	Cash		Securities (1)		Securities (1)		Loans (2)		Total
Public deposits	$	—	$	455,201	$	314,953	$	—	$	770,154
Repurchase agreements		—		98,445		—		—		98,445
FHLB advances		—		61,129		—		4,107,411		4,168,540
Derivatives		246,430		1,091		—		—		247,521
Fed Funds		—		—		—		319,914		319,914
Other purposes		—		118,597		9,037		—		127,634
Total pledged assets	$	246,430	$	734,463	$	323,990	$	4,427,325	$	5,732,208
(1) Balance represents market value.
(2) Balance represents book value.

	Pledged Assets as of December 31, 2019
			AFS		HTM
	Cash		Securities (1)		Securities (1)		Loans (2)		Total
Public deposits	$	—	$	467,266	$	292,096	$	—	$	759,362
Repurchase agreements		—		79,299		7,602		—		86,901
FHLB advances		—		63,812		—		3,846,934		3,910,746
Derivatives		116,839		1,260		—		—		118,099
Fed Funds		—		—		—		292,738		292,738
Other purposes		—		122,358		10,654		—		133,012
Total pledged assets	$	116,839	$	733,995	$	310,352	$	4,139,672	$	5,300,858
(1) Balance represents book value.
(2) Balance represents market value.