Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Balances of Commitments and Contingencies

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

    

September 30, 2021

    

December 31, 2020

Commitments with off-balance sheet risk:

 

  

 

  

Commitments to extend credit (1)

$

5,793,342

$

4,722,412

Letters of credit

 

153,350

 

161,827

Total commitments with off-balance sheet risk

$

5,946,692

$

4,884,239

(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 September 30, 2021 and December 31, 2020 (dollars in thousands):

Pledged Assets as of September 30, 2021

    

    

AFS

    

HTM

    

    

Cash

Securities (1)

Securities (1)

Loans (2)

Total

Public deposits

$

$

662,373

$

424,355

$

$

1,086,728

Repurchase agreements

 

 

131,669

 

 

 

131,669

FHLB advances

 

 

45,976

 

 

4,282,408

 

4,328,384

Derivatives

 

88,446

 

65,615

 

 

 

154,061

Fed Funds

361,987

361,987

Other purposes

 

21,424

976

22,400

Total pledged assets

$

88,446

$

927,057

$

425,331

$

4,644,395

$

6,085,229

(1) Balance represents market value.

(2) Balance represents book value.

Pledged Assets as of December 31, 2020

    

    

AFS

    

HTM

    

    

Cash

Securities (1)

Securities (1)

Loans (2)

Total

Public deposits

$

$

469,864

$

436,449

$

$

906,313

Repurchase agreements

 

 

116,876

 

 

 

116,876

FHLB advances

 

 

52,323

 

 

4,374,383

 

4,426,706

Derivatives

 

251,047

 

785

 

 

 

251,832

Fed Funds

340,847

340,847

Other purposes

 

 

123,388

 

8,634

 

 

132,022

Total pledged assets

$

251,047

$

763,236

$

445,083

$

4,715,230

$

6,174,596

(1) Balance represents market value.

(2) Balance represents book value.