| 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, 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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$ |
9,965,594 |
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$ |
9,733,175 |
Letters of credit |
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|
194,996 |
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|
224,068 |
Total commitments with off-balance sheet risk |
|
$ |
10,160,590 |
|
$ |
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 June 30, 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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$ |
1,240,053 |
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$ |
576,065 |
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$ |
— |
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$ |
1,816,118 |
Repurchase agreements |
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— |
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211,584 |
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— |
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— |
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|
211,584 |
FHLB advances (2) |
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— |
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479,753 |
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|
9,300 |
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8,816,031 |
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|
9,305,084 |
Derivatives |
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140,400 |
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64,405 |
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— |
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— |
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204,805 |
Federal Reserve Discount Window (3) |
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— |
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— |
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— |
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2,184,423 |
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2,184,423 |
Other purposes |
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— |
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86,570 |
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— |
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— |
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|
86,570 |
Total pledged assets |
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$ |
140,400 |
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$ |
2,082,365 |
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$ |
585,365 |
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$ |
11,000,454 |
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$ |
13,808,584 |
(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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$ |
— |
|
$ |
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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