| Balances of Commitments and Contingencies |
The following table presents the balances of commitments and contingencies as of the periods ended (dollars in thousands):
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September 30, 2025 |
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December 31, 2024 |
Commitments with off-balance sheet risk: |
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Commitments to extend credit(1) |
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$ |
9,660,035 |
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$ |
5,987,562 |
Letters of credit |
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220,921 |
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|
145,985 |
Total commitments with off-balance sheet risk |
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$ |
9,880,956 |
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$ |
6,133,547 |
(1) Includes unfunded overdraft protection.
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| Schedule of Pledged Assets, Not Separately Reported on Statement of Financial Position |
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Pledged Assets as of September 30, 2025 |
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AFS |
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HTM |
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Cash |
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Securities (1) |
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Securities (1) |
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Loans (2) |
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Total |
Public deposits |
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$ |
— |
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$ |
1,268,275 |
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$ |
602,964 |
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$ |
— |
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$ |
1,871,239 |
Repurchase agreements |
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— |
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149,055 |
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— |
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— |
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|
149,055 |
FHLB advances |
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— |
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541,998 |
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9,475 |
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8,392,429 |
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8,943,902 |
Derivatives |
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110,671 |
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64,058 |
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— |
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— |
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174,729 |
Federal Reserve Discount Window |
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— |
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— |
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— |
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4,698,212 |
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4,698,212 |
Other purposes |
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— |
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44,084 |
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— |
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— |
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44,084 |
Total pledged assets |
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$ |
110,671 |
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$ |
2,067,470 |
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$ |
612,439 |
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$ |
13,090,641 |
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$ |
15,881,221 |
(1) Balance represents market value.
(2) Balance represents book value.
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Pledged Assets as of December 31, 2024 |
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AFS |
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HTM |
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Cash |
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Securities (1) |
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Securities (1) |
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Loans (2) |
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Total |
Public deposits |
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$ |
— |
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$ |
771,486 |
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$ |
601,421 |
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$ |
— |
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$ |
1,372,907 |
Repurchase agreements |
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— |
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93,667 |
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— |
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— |
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93,667 |
FHLB advances |
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— |
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579,947 |
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9,417 |
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4,089,049 |
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4,678,413 |
Derivatives |
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134,668 |
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|
62,199 |
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— |
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— |
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196,867 |
Federal Reserve Discount Window |
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— |
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— |
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— |
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4,358,701 |
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4,358,701 |
Other purposes |
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— |
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18,713 |
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— |
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— |
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18,713 |
Total pledged assets |
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$ |
134,668 |
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$ |
1,526,012 |
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$ |
610,838 |
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$ |
8,447,750 |
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$ |
10,719,268 |
(1) Balance represents market value.
(2) Balance represents book value.
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