Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.2.2
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2022
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, 2022

    

December 31, 2021

Commitments with off-balance sheet risk:

 

  

 

  

Commitments to extend credit (1)

$

3,411,234

$

5,825,557

Letters of credit

 

150,649

 

152,506

Total commitments with off-balance sheet risk

$

3,561,883

$

5,978,063

(1) Includes unfunded overdraft protection.

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

The Company pledges collateral to secure various financing and other activities that occur during the normal course of business as part of the liquidity management strategy. The following tables present the types of collateral pledged at September 30, 2022 and December 31, 2021 (dollars in thousands):

Pledged Assets as of September 30, 2022

    

    

AFS

    

HTM

    

    

Cash

Securities (1)

Securities (1)

Loans (2)

Total

Public deposits

$

$

576,066

$

483,284

$

$

1,059,350

Repurchase agreements

 

 

151,237

 

 

 

151,237

FHLB advances

 

 

37,188

 

 

2,545,915

 

2,583,103

Derivatives

 

237,546

 

56,593

 

 

 

294,139

Fed Funds

479,668

479,668

Other purposes

 

26,667

834

27,501

Total pledged assets

$

237,546

$

847,751

$

484,118

$

3,025,583

$

4,594,998

Pledged Assets as of December 31, 2021

    

    

AFS

    

HTM

    

    

Cash

Securities (1)

Securities (1)

Loans (2)

Total

Public deposits

$

$

703,489

$

472,243

$

$

1,175,732

Repurchase agreements

 

 

130,217

 

 

 

130,217

FHLB advances

 

 

43,722

 

 

4,263,259

 

4,306,981

Derivatives

 

82,299

 

65,053

 

 

 

147,352

Fed Funds

392,067

392,067

Other purposes

 

22,003

985

22,988

Total pledged assets

$

82,299

$

964,484

$

473,228

$

4,655,326

$

6,175,337

(1) Balance represents market value.

(2) Balance represents book value.