Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.2
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 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):

    

June 30, 2022

    

December 31, 2021

Commitments with off-balance sheet risk:

 

  

 

  

Commitments to extend credit (1)

$

5,253,798

$

5,825,557

Letters of credit

 

154,241

 

152,506

Total commitments with off-balance sheet risk

$

5,408,039

$

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 June 30, 2022 and December 31, 2021 (dollars in thousands):

Pledged Assets as of June 30, 2022

    

    

AFS

    

HTM

    

    

Cash

Securities (1)

Securities (1)

Loans (2)

Total

Public deposits

$

$

579,459

$

498,568

$

$

1,078,027

Repurchase agreements

 

 

124,242

 

 

 

124,242

FHLB advances

 

 

38,944

 

 

2,592,215

 

2,631,159

Derivatives

 

180,786

 

59,353

 

 

 

240,139

Fed Funds

435,262

435,262

Other purposes

 

27,610

869

28,479

Total pledged assets

$

180,786

$

829,608

$

499,437

$

3,027,477

$

4,537,308

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.