| 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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March 31, 2026 |
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December 31, 2025 |
Commitments with off-balance sheet risk: |
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Commitments to extend credit (1) |
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$ |
9,718,396 |
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$ |
9,733,175 |
Letters of credit |
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217,259 |
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|
224,068 |
Total commitments with off-balance sheet risk |
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$ |
9,935,655 |
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$ |
9,957,243 |
(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 March 31, 2026 |
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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 |
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Total |
Public deposits |
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$ |
— |
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$ |
1,270,127 |
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$ |
573,869 |
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$ |
— |
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$ |
1,843,996 |
Repurchase agreements |
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— |
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195,429 |
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— |
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— |
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195,429 |
FHLB advances (2) |
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— |
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497,702 |
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|
9,389 |
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8,988,127 |
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9,495,218 |
Derivatives |
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133,861 |
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64,182 |
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— |
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— |
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198,043 |
Federal Reserve Discount Window (3) |
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— |
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— |
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— |
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3,169,319 |
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3,169,319 |
Other purposes |
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— |
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79,123 |
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— |
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— |
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79,123 |
Total pledged assets |
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$ |
133,861 |
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$ |
2,106,563 |
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$ |
583,258 |
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$ |
12,157,446 |
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$ |
14,981,128 |
(1) Balance represents market value.
(2) The loan balance pledged to FHLB represents unpaid principal balance.
(3) The loan balance pledged to Federal Reserve Discount Window represents unpaid principal balance.
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Pledged Assets as of December 31, 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 |
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Total |
Public deposits |
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$ |
— |
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$ |
1,249,969 |
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$ |
607,061 |
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$ |
— |
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$ |
1,857,030 |
Repurchase agreements |
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— |
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203,404 |
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— |
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— |
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203,404 |
FHLB advances (2) |
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— |
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518,895 |
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9,486 |
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8,832,269 |
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9,360,650 |
Derivatives |
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120,697 |
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64,037 |
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— |
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— |
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184,734 |
Federal Reserve Discount Window (3) |
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— |
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— |
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— |
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3,363,761 |
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3,363,761 |
Other purposes |
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— |
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63,924 |
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— |
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— |
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63,924 |
Total pledged assets |
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$ |
120,697 |
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$ |
2,100,229 |
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$ |
616,547 |
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$ |
12,196,030 |
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$ |
15,033,503 |
(1) Balance represents market value.
(2) The loan balance pledged to FHLB represents unpaid principal balance.
(3) The loan balance pledged to Federal Reserve Discount Window represents unpaid principal balance.
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