| 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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June 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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$ |
9,483,098 |
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$ |
5,987,562 |
Letters of credit |
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|
226,035 |
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|
145,985 |
Total commitments with off-balance sheet risk |
|
$ |
9,709,133 |
|
$ |
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 June 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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$ |
— |
|
$ |
978,585 |
|
$ |
593,439 |
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$ |
— |
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$ |
1,572,024 |
Repurchase agreements |
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— |
|
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158,384 |
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— |
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— |
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|
158,384 |
FHLB advances |
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— |
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553,208 |
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|
9,498 |
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8,451,081 |
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|
9,013,787 |
Derivatives |
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100,203 |
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63,653 |
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— |
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— |
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163,856 |
Federal Reserve Discount Window |
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— |
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— |
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— |
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4,970,761 |
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|
4,970,761 |
Other purposes |
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— |
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42,836 |
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— |
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— |
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|
42,836 |
Total pledged assets |
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$ |
100,203 |
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$ |
1,796,666 |
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$ |
602,937 |
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$ |
13,421,842 |
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$ |
15,921,648 |
(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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$ |
— |
|
$ |
771,486 |
|
$ |
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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