0000950170-22-008792 | 10-Q | XBRL Viewer

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Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000354647
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Document Period End Date	Mar. 31, 2022
Entity Registrant Name	CVB FINANCIAL CORP.
Entity Current Reporting Status	Yes
Trading Symbol	CVBF
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ
Entity File Number	000-10140
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	95-3629339
Entity Address, Address Line One	701 North Haven Ave
Entity Address, Address Line Two	Suite 350
Entity Address, City or Town	Ontario
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91764
City Area Code	909
Local Phone Number	980-4030
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		141,057,031

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 171,000	$ 90,012
Interest-earning balances due from Federal Reserve	1,482,039	1,642,536
Total cash and cash equivalents	1,653,039	1,732,548
Interest-earning balances due from depository institutions	6,859	25,999
Investment securities available-for-sale	3,647,330	3,183,923
Investment securities available-for-sale, at fair value (with amortized cost of $3,850,724 at March 31, 2022, and $3,185,249 at December 31, 2021)	2,362,741	1,925,970
Total investment securities	6,010,071	5,109,893
Investment in stock of Federal Home Loan Bank (FHLB)	18,012	17,688
Loans and lease finance receivables	8,591,684	7,887,713
Allowance for credit losses	(76,119)	(65,019)
Net loans and lease finance receivables	8,515,565	7,822,694
Premises and equipment, net	53,435	49,096
Bank owned life insurance (BOLI)	259,254	251,570
Accrued interest receivable	37,308	34,204
Intangibles	27,310	25,394
Goodwill	765,822	663,707
Income taxes	83,639	32,603
Other assets	108,823	118,301
Total assets	17,539,137	15,883,697
Deposits:
Noninterest-bearing	9,107,304	8,104,056
Interest-bearing	5,380,474	4,872,386
Total deposits	14,487,778	12,976,442
Customer repurchase agreements	598,909	642,388
Other borrowings	0	2,281
Deferred compensation	23,948	20,879
Payable for securities purchased	257,979	50,340
Other liabilities	95,480	109,864
Total liabilities	15,464,094	13,802,194
Commitments and Contingencies
Stockholders' Equity
Common stock, authorized, 225,000,000 shares without par; issued and outstanding 141,626,059 at March 31, 2022, and 135,526,025 at December 31, 2021	1,325,644	1,209,903
Retained earnings	895,661	875,568
Accumulated other comprehensive income, net of tax	(146,262)	(3,968)
Total stockholders' equity	2,075,043	2,081,503
Total liabilities and stockholders' equity	$ 17,539,137	$ 15,883,697

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Amortized cost	$ 3,850,724	$ 3,185,249
Fair Value, Held-to-maturity	$ 2,203,144	$ 1,921,693
Common stock, par value	$ 0	$ 0
Common stock, authorized	225,000,000	225,000,000
Common stock, shares issued	141,626,059	135,526,025
Common stock, shares outstanding	141,626,059	135,526,025

Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans and leases, including fees	$ 89,461	$ 91,795
Investment securities:
Investment securities available-for-sale	12,832	9,159
Investment securities held-to-maturity	10,663	3,940
Total investment income	23,495	13,099
Dividends from FHLB stock	371	217
Interest-earning deposits with other institutions	773	413
Total interest income	114,100	105,524
Interest expense:
Deposits	1,127	1,812
Borrowings and customer repurchase agreements	133	141
Junior subordinated debentures	0	103
Total interest expense	1,260	2,056
Net interest income before provision for (recapture of) credit losses	112,840	103,468
Provision for (recapture of) credit losses	2,500	(19,500)
Net interest income after provision for (recapture of) credit losses	110,340	122,968
Noninterest income:
BOLI income	1,349	4,624
Gain on OREO, net	0	429
Other	1,618	1,682
Total noninterest income	11,264	13,681
Noninterest expense:
Salaries and employee benefits	32,656	29,706
Occupancy and equipment	5,571	4,863
Professional services	2,045	2,168
Computer software expense	3,795	2,844
Marketing and promotion	1,458	725
Amortization of intangible assets	1,998	2,167
Acquisition related expenses	5,638	0
Other	5,077	4,690
Total noninterest expense	58,238	47,163
Earnings before income taxes	63,366	89,486
Income taxes	17,806	25,593
Net earnings	45,560	63,893
Other comprehensive (loss) income:
Unrealized (loss) gain on securities arising during the period, before tax	(202,018)	(40,310)
Less: Income tax benefit (expense) related to items of other comprehensive income	59,724	11,917
Other comprehensive (loss), net of tax	(142,294)	(28,393)
Comprehensive (loss) income	$ (96,734)	$ 35,500
Basic earnings per common share	$ 0.31	$ 0.47
Diluted earnings per common share	$ 0.31	$ 0.47
Service Charges on Deposit Accounts [Member]
Noninterest income:
Revenue from contract with customer, including assessed tax	$ 5,059	$ 3,985
Trust and Investment Services [Member]
Noninterest income:
Revenue from contract with customer, including assessed tax	2,822	2,611
Bankcard Services [Member]
Noninterest income:
Revenue from contract with customer, including assessed tax	$ 416	$ 350

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	ASR Plan [Member]	Common Stock [Member]	Common Stock [Member] ASR Plan [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2020	$ 2,007,990		$ 1,211,780		$ 760,861	$ 35,349
Beginning balance, shares at Dec. 31, 2020			135,601
Repurchase of common stock	(502)		$ (502)
Repurchase of common stock, shares			(22)
ASR Contract
Exercise of stock options	891		$ 891
Exercise of stock options, shares			40
Shares issued pursuant to stock-based compensation plan	1,282		$ 1,282
Shares issued pursuant to stock-based compensation plan, shares			301
Cash dividends declared on common stock	(24,495)				(24,495)
Net earnings	63,893				63,893
Other comprehensive income (loss)	(28,393)					(28,393)
Ending balance at Mar. 31, 2021	2,020,666		$ 1,213,451		800,259	6,956
Ending balance, shares at Mar. 31, 2021			135,920
Beginning balance at Dec. 31, 2021	2,081,503		$ 1,209,903		875,568	(3,968)
Beginning balance, shares at Dec. 31, 2021			135,526
Issuance of common stock for acquisition of Suncrest Bank,shares			8,617
Issuance of common stock for acquisition of Suncrest Bank	197,069		$ 197,069
Repurchase of common stock	(13,643)	$ (56,000)	$ 13,643	$ 56,000
Repurchase of common stock, shares			(584)	(2,544)
ASR Contract	(14,000)		$ (14,000)
ASR Contract Shares			0
Exercise of stock options	720		$ 720
Exercise of stock options, shares			50
Shares issued pursuant to stock-based compensation plan	1,595		$ 1,595
Shares issued pursuant to stock-based compensation plan, shares			561
Cash dividends declared on common stock	(25,467)				(25,467)
Net earnings	45,560				45,560
Other comprehensive income (loss)	(142,294)					(142,294)
Ending balance at Mar. 31, 2022	$ 2,075,043		$ 1,325,644		$ 895,661	$ (146,262)
Ending balance, shares at Mar. 31, 2022			141,626

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Sep. 30, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share	$ 0.18	$ 0.18

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flows from Operating Activities
Interest and dividends received	$ 114,010	$ 95,475
Service charges and other fees received	10,664	8,636
Interest paid	(1,254)	(1,859)
Net cash paid to vendors, employees and others	(48,292)	(56,221)
Income taxes	(16)	(907)
Net cash provided by operating activities	75,112	46,938
Cash Flows from Investing Activities
Proceeds from redemption of FHLB stock	4,712
Net change in interest-earning balances from depository institutions	29,140	15,815
Proceeds from sale of investment securities held-for-sale	0	0
Proceeds from repayment of investment securities available-for-sale	145,783	224,104
Proceeds from maturity of investment securities available-for-sale	0	0
Purchases of investment securities available-for-sale	(608,045)	(661,857)
Proceeds from repayment and maturity of investment securities held-to-maturity	174,125	35,766
Purchases of investment securities held-to-maturity	(483,426)	(545,681)
Net increase in equity investments	(766)	(4,961)
Net decrease (increase) in loan and lease finance receivables	75,661	64,167
Proceeds from sale of building, net of selling costs		1,157
Purchase of premises and equipment	(1,120)	(662)
Proceeds from BOLI death benefit	3,096	5,062
Proceeds from sales of other real estate owned		2,216
Cash acquired from acquisition, net of cash paid	329,001
Net cash used in investing activities	(330,307)	(864,874)
Cash Flows from Financing Activities
Net increase in other deposits	350,695	336,518
Net (decrease) increase in time deposits	(21,930)	5,636
Net decrease in other borrowings	(2,281)
Net increase in customer repurchase agreements	(43,479)	66,940
Cash dividends on common stock	(24,396)	(24,408)
Repurchase of common stock	(13,643)	(502)
Repurchase of common stock, ASR Plan	(56,000)
ASR Contract	(14,000)
Proceeds from exercise of stock options	720	891
Net cash provided by financing activities	175,686	385,075
Net increase in cash and cash equivalents	(79,509)	(432,861)
Cash and cash equivalents, beginning of period	1,732,548	1,958,160
Cash and cash equivalents, end of period	1,653,039	1,525,299
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities
Net earnings	45,560	63,893
Adjustments to reconcile net earnings to net cash provided by operating activities:
Gain on sale of building, net		(189)
Gain on sale of other real estate owned		(399)
Increase in BOLI	(1,349)	(4,624)
Net amortization of premiums and discounts on investment securities	8,134	6,411
Accretion of discount for acquired loans, net	(1,843)	(4,028)
(Recapture of) provision for credit losses	2,500	(19,500)
Stock-based compensation	1,595	1,282
Depreciation and amortization, net	2,317	(3,526)
Change in other assets and liabilities	18,198	7,618
Total adjustments	29,552	(16,955)
Net cash provided by operating activities	75,112	46,938
Supplemental Disclosure of Non-cash Investing Activities
Securities purchased and not settled	257,979	80,973
Issuance of common stock for acquisitions	$ 197,069

Business

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business

1. BUSINESS

The condensed consolidated financial statements include CVB Financial Corp. (referred to herein on an unconsolidated basis as “CVB” and on a consolidated basis as “we”, “our” or the “Company”) and its wholly owned subsidiary: Citizens Business Bank (the “Bank” or “CBB”), after elimination of all intercompany transactions and balances. The Company has one inactive subsidiary, Chino Valley Bancorp.

The Company’s primary operations are related to traditional banking activities. This includes the acceptance of deposits and the lending and investing of money through the operations of the Bank. The Bank also provides trust and investment-related services to customers through its CitizensTrust Division. The Bank’s customers consist primarily of small to mid-sized businesses and individuals located in the Inland Empire, Los Angeles County, Orange County San Diego County, Ventura County, Santa Barbara County, and Central California. As of March 31, 2022, the Bank operated 65 banking centers and three trust office locations. The Company is headquartered in the city of Ontario, California.

On January 7, 2022, we completed the acquisition of Suncrest Bank ("Suncrest") with approximately $1.4 billion in total assets, acquired at fair value, and seven banking centers. Total assets at March 31, 2022 included $765.9 million of acquired net loans at fair value, $131.1 million of investment securities, and $9 million in Bank-Owned Life Insurance ("BOLI"). The acquisition resulted in $102.1 million of goodwill and $3.9 million in core deposit premium. Net cash proceeds were used to fund the $39.6 million in cash paid to the former shareholders of Suncrest as part of the merger consideration. Refer to Note 4 – Business Combinations of the notes to the unaudited condensed consolidated financial statements of this report for additional information.

Basis of Presentation

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

2. BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form 10-Q and conform to practices within the banking industry and include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting. The accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring adjustments), which are necessary for a fair presentation of financial results for the interim periods presented. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results for the full year. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements, accounting policies and financial notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC. A summary of the significant accounting policies consistently applied in the preparation of the accompanying unaudited condensed consolidated financial statements follows.

Reclassification — Certain amounts in the prior periods’ unaudited condensed consolidated financial statements and related footnote disclosures have been reclassified to conform to the current presentation with no impact on previously reported net income or stockholders’ equity.

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Significant Accounting Policies

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Except as discussed below, our accounting policies are described in Note 3 – Summary of Significant Accounting Policies, of our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC (“Form 10-K”).

Use of Estimates in the Preparation of Financial Statements — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for credit losses. Other significant estimates, which may be subject to change, include fair value determinations and disclosures, impairment of investments, goodwill, loans, as well as valuation of deferred tax assets.

Business combination

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Business combination

4. BUSINESS COMBINATIONS

On January 7, 2022, the Company completed the acquisition of Suncrest, headquartered in Visalia, California. The Company acquired all of the assets and assumed all of the liabilities of Suncrest in a stock and cash transaction for $39.6 million in cash and $197.1 million in stock. As a result, Suncrest merged with and into the Bank, the principal subsidiary of CVB. The Company believes this transaction serves to further extend and strengthen its geographic presence in California’s Central Valley and the Sacramento metro area. At close, Suncrest had seven branch locations and two loan production offices, which re-opened as CBB locations on January 10, 2022.

The total fair value of assets acquired approximated $1.38 billion in total assets, including $329.0 million of cash and cash equivalents, net of cash paid, $131.1 million of investment securities, $765.9 million in net loans, $6.1 million in premises and equipment, $9.0 million in BOLI, and $33.7 million in other assets. The purchased credit deteriorated (“PCD”) loans were recorded at a fair value of $224.7 million, which was net of a discount of $13.1 million including a credit discount of $8.6 million. The assets acquired also include a core deposit intangible of $3.9 million and goodwill of $102.1 million. Goodwill from the acquisition represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired. The total fair value of liabilities assumed was $1.19 billion, which included $512.8 million of noninterest-bearing deposits and $669.8 million of interest-bearing deposits, and $6.2 million in other liabilities. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of January 7, 2022. The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. These fair values are estimates and are subject to adjustment for up to one year after the acquisition date or when additional information relative to the closing date fair values becomes available and such information is considered final, whichever is earlier. For the assets acquired and liabilities assumed, the Company considers the fair value of the net loans and the related deferred tax asset to be provisional, specifically the PCD loans, while the Company obtains additional information relevant to the fair value.

We have included the financial results of the business combination in the condensed consolidated statement of earnings and comprehensive income beginning on the acquisition date. Supplementary pro forma financial information related to the acquisition is not included because the impact to the Company's consolidated statements of income is not material.

For the three months ended March 31, 2022, the Company incurred non-recurring merger related expenses associated with the Suncrest acquisition of $5.6 million.

Investment Securities

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Investment Securities

5. INVESTMENT SECURITIES

The amortized cost and estimated fair value of investment securities are summarized below. The majority of securities held are available-for-sale securities with fair value based on quoted prices for similar assets in active markets or quoted prices for identical assets in markets that are not active. Estimated fair values were obtained from an independent pricing service based upon market quotes.


	March 31, 2022
	Amortized Cost		Gross Unrealized Holding Gain		Gross Unrealized Holding Loss			Fair Value		Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	3,243,037	$	3,973	$	(166,018	)	$	3,080,992		84.47	%
CMO/REMIC		578,213		65		(41,281	)		536,997		14.72	%
Municipal bonds		28,364		218		(351	)		28,231		0.77	%
Other securities		1,110		-		-			1,110		0.04	%
Total available-for-sale securities	$	3,850,724	$	4,256	$	(207,650	)	$	3,647,330		100.00	%
Investment securities held-to-maturity:
Government agency/GSE	$	570,332	$	722	$	(52,738	)	$	518,316		24.14	%
Mortgage-backed securities		632,012		227		(43,928	)		588,311		26.75	%
CMO/REMIC		818,279		-		(44,778	)		773,501		34.63	%
Municipal bonds		342,118		758		(19,860	)		323,016		14.48	%
Total held-to-maturity securities	$	2,362,741	$	1,707	$	(161,304	)	$	2,203,144		100.00	%


	December 31, 2021
	Amortized Cost		Gross Unrealized Holding Gain		Gross Unrealized Holding Loss			Fair Value		Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	2,553,246	$	25,873	$	(15,905	)	$	2,563,214		80.50	%
CMO/REMIC		602,555		1,586		(13,983	)		590,158		18.53	%
Municipal bonds		28,365		1,103		-			29,468		0.93	%
Other securities		1,083		-		-			1,083		0.04	%
Total available-for-sale securities	$	3,185,249	$	28,562	$	(29,888	)	$	3,183,923		100.00	%
Investment securities held-to-maturity:
Government agency/GSE	$	576,899	$	5,907	$	(7,312	)	$	575,494		29.95	%
Mortgage-backed securities		647,390		4,109		(6,106	)		645,393		33.61	%
CMO/REMIC		490,670		596		(5,030	)		486,236		25.48	%
Municipal bonds		211,011		4,714		(1,155	)		214,570		10.96	%
Total held-to-maturity securities	$	1,925,970	$	15,326	$	(19,603	)	$	1,921,693		100.00	%

The following table provides information about the amount of interest income earned on investment securities which is fully taxable and which is exempt from regular federal income tax.


	Three Months Ended
	March 31,
	2022		2021
	(Dollars in thousands)
Investment securities available-for-sale:
Taxable	$	12,649	$	8,968
Tax-advantaged		183		191
Total interest income from available-for-sale securities		12,832		9,159
Investment securities held-to-maturity:
Taxable		9,105		2,811
Tax-advantaged		1,558		1,129
Total interest income from held-to-maturity securities		10,663		3,940
Total interest income from investment securities	$	23,495	$	13,099

The adoption of CECL did not and continues to not have a material impact on the Company's accounting for investment securities, as approximately 94% of the total investment securities portfolio at March 31, 2022 represents securities issued by the U.S. government or U.S. government-sponsored enterprises, with the implied guarantee of payment of principal and interest. The remaining securities are predominately AA- or better general-obligation municipal bonds. The allowance for credit losses for held-to-maturity investment securities under the new CECL model was zero at March 31, 2022 and December 31, 2021.

We adopted ASU 2016-13 on January 1, 2020, on a prospective basis. Under this ASU, once it is determined that a credit loss has occurred, an allowance for credit losses is established on our AFS and HTM securities. Management determined that there were no credit losses for securities in an unrealized loss position as of March 31, 2022 and December 31, 2021.

The following table presents the Company’s available-for-sale investment securities, by investment category, in an unrealized loss position for which an allowance for credit losses has not been recorded as of March 31, 2022 and December 31, 2021.


	March 31, 2022
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,551,620	$	(92,654	)	$	851,349	$	(73,364	)	$	2,402,969	$	(166,018	)
CMO/REMIC		192,973		(10,983	)		331,988		(30,298	)		524,961		(41,281	)
Municipal bonds		14,990		(351	)		-		-			14,990		(351	)
Total available-for-sale securities	$	1,759,583	$	(103,988	)	$	1,183,337	$	(103,662	)	$	2,942,920	$	(207,650	)
Investment securities held-to-maturity:
Government agency/GSE	$	242,300	$	(21,492	)	$	242,589	$	(31,246	)	$	484,889	$	(52,738	)
Mortgage-backed securities		560,752		(43,438	)		4,518		(490	)		565,270		(43,928	)
CMO/REMIC		773,501		(44,778	)		-		-			773,501		(44,778	)
Municipal bonds		178,881		(12,670	)		58,587		(7,190	)		237,468		(19,860	)
Total held-to-maturity securities	$	1,755,434	$	(122,378	)	$	305,694	$	(38,926	)	$	2,061,128	$	(161,304	)


	December 31, 2021
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,465,647	$	(15,099	)	$	44,244	$	(806	)	$	1,509,891	$	(15,905	)
CMO/REMIC		450,393		(11,515	)		53,745		(2,468	)		504,138		(13,983	)
Municipal bonds		-		-			-		-			-		-
Total available-for-sale securities	$	1,916,040	$	(26,614	)	$	97,989	$	(3,274	)	$	2,014,029	$	(29,888	)

At March 31, 2022 and December 31, 2021, investment securities having a carrying value of approximately $2.53 billion and $2.18 billion, respectively, were pledged to secure public deposits, short and long-term borrowings, and for other purposes as required or permitted by law.

The amortized cost and fair value of debt securities at March 31, 2022, by contractual maturity, are shown in the table below. Although mortgage-backed and CMO/REMIC securities have weighted average remaining contractual maturities of approximately 23 years, expected maturities will differ from contractual maturities because borrowers may have the right to prepay such obligations without penalty. Mortgage-backed and CMO/REMIC securities are included in maturity categories based upon estimated average lives which incorporate estimated prepayment speeds.


	March 31, 2022
	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
			(Dollars in thousands)
Due in one year or less	$	14,945	$	14,963	$	9,188	$	9,044
Due after one year through five years		1,270,685		1,220,048		628,543		601,064
Due after five years through ten years		1,904,250		1,782,675		537,429		503,542
Due after ten years		660,844		629,644		1,187,581		1,089,494
Total investment securities	$	3,850,724	$	3,647,330	$	2,362,741	$	2,203,144

The investment in FHLB stock is periodically evaluated for impairment based on, among other things, the capital adequacy of the FHLB and its overall financial condition. No impairment losses have been recorded through March 31, 2022.

Loans and Lease Finance Receivables and Allowance for Credit Losses

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Loans and Lease Finance Receivables and Allowance for Credit Losses

6. LOANS AND LEASE FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES

The following table provides a summary of total loans and lease finance receivables by type.


	March 31, 2022			December 31, 2021
	(Dollars in thousands)

Commercial real estate	$	6,470,841		$	5,789,730
Construction		73,478			62,264
SBA		311,238			288,600
SBA - Paycheck Protection Program (PPP)		121,189			186,585
Commercial and industrial		924,780			813,063
Dairy & livestock and agribusiness		292,784			386,219
Municipal lease finance receivables		65,543			45,933
SFR mortgage		255,136			240,654
Consumer and other loans		76,695			74,665
Total loans, at amortized cost		8,591,684			7,887,713
Less: Allowance for credit losses		(76,119	)		(65,019	)
Total loans and lease finance receivables, net	$	8,515,565		$	7,822,694

As of March 31, 2022, 79.14% of the Company’s total loan portfolio consisted of real estate loans, with commercial real estate loans representing 75.32% of total loans. The Company’s real estate loans and construction loans are secured by real properties primarily located in California. As of March 31, 2022, $504.5 million, or 7.80% of the total commercial real estate loans included loans secured by farmland, compared to $364.4 million, or 6.29%, at December 31, 2021. The loans secured by farmland included $134.5 million for loans secured by dairy & livestock land and $370.0 million for loans secured by agricultural land at March 31, 2022, compared to $134.9 million for loans secured by dairy & livestock land and $229.5 million for loans secured by agricultural land at December 31, 2021. As of March 31, 2022, dairy & livestock and agribusiness loans of $292.8 million were comprised of $241.7 million for dairy & livestock loans and $51.1 million for agribusiness loans, compared to $386.2 million were comprised of $351.7 million for dairy & livestock loans and $34.5 million for agribusiness loans at December 31, 2021.

At March 31, 2022 and December 31, 2021, loans totaling $4.09 billion and $3.96 billion, respectively, were pledged to secure the borrowings and available lines of credit from the FHLB and the Federal Reserve Bank.

There were no outstanding loans held-for-sale as of March 31, 2022 and December 31, 2021.

Credit Quality Indicators

We monitor credit quality by evaluating various risk attributes and utilize such information in our evaluation of the appropriateness of the allowance for credit losses. Internal credit risk ratings, within our loan risk rating system, are the credit quality indicators that we most closely monitor.

An important element of our approach to credit risk management is our loan risk rating system. The originating officer assigns each loan an initial risk rating, which is reviewed and confirmed or changed, as appropriate, by credit management. Approvals are made based upon the amount of inherent credit risk specific to the transaction and are reviewed for appropriateness by senior line and credit management personnel. Credits are monitored by line and credit management personnel for deterioration or improvement in a borrower’s financial condition, which would impact the ability of the borrower to perform under the contract. Risk ratings are adjusted as necessary.

Loans are risk rated into the following categories: Pass, Special Mention, Substandard, Doubtful and Loss. Each of these groups is assessed for the proper amount to be used in determining the adequacy of our allowance for losses. These categories can be described as follows:

Pass — These loans, including loans on the Bank’s internal watch list, range from minimal credit risk to lower than average, but still acceptable, credit risk. Watch list loans usually require more than normal management attention. Loans on the watch list may involve borrowers with adverse financial trends, higher debt/equity ratios, or weaker liquidity positions, but not to the degree of being considered a defined weakness or problem loan where risk of loss may be apparent.

Special Mention — Loans assigned to this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification.

Substandard — Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. Substandard loans are characterized by the distinct possibility that the Company will sustain some loss if deficiencies are not corrected.

Doubtful — Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or the liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Loss — Loans classified as loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this asset with insignificant value even though partial recovery may be affected in the future.

The following table summarizes loans by type and origination year, including acquired Suncrest loans in the year of origination, according to our internal risk ratings as of the dates presented.


	Origination Year												Revolving loans amortized		Revolving loans converted to
March 31, 2022	2022		2021		2020		2019		2018		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Commercial real estate loans:
Risk Rating:
Pass	$	309,734	$	1,266,416	$	1,034,822	$	650,330	$	584,265	$	2,195,297	$	203,627	$	34,407	$	6,278,898
Special Mention		511		6,368		26,868		13,203		21,280		86,656		3,285		5,500		163,671
Substandard		-		3,524		553		447		6,983		14,153		2,500		112		28,272
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial real estate loans:	$	310,245	$	1,276,308	$	1,062,243	$	663,980	$	612,528	$	2,296,106	$	209,412	$	40,019	$	6,470,841

Construction loans:
Risk Rating:
Pass	$	3,150	$	20,766	$	24,308	$	-	$	1,389	$	-	$	20,083	$	-	$	69,696
Special Mention		-		-		-		-		3,782		-		-		-		3,782
Substandard		-		-		-		-		-		-		-		-		-
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Construction loans:	$	3,150	$	20,766	$	24,308	$	-	$	5,171	$	-	$	20,083	$	-	$	73,478

SBA loans:
Risk Rating:
Pass	$	29,451	$	65,744	$	36,025	$	11,881	$	31,312	$	116,138	$	201	$	-	$	290,752
Special Mention		-		-		1,854		1,341		1,442		5,224		-		-		9,861
Substandard		-		-		-		-		768		9,857		-		-		10,625
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA loans:	$	29,451	$	65,744	$	37,879	$	13,222	$	33,522	$	131,219	$	201	$	-	$	311,238

SBA - PPP loans:
Risk Rating:
Pass	$	-	$	112,623	$	7,867	$	-	$	-	$	-	$	-	$	-	$	120,490
Special Mention		-		562		-		-		-		-		-		-		562
Substandard		-		135		2		-		-		-		-		-		137
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA - PPP loans:	$	-	$	113,320	$	7,869	$	-	$	-	$	-	$	-	$	-	$	121,189

Commercial and industrial loans:
Risk Rating:
Pass	$	44,239	$	163,488	$	90,575	$	119,147	$	53,297	$	112,214	$	307,641	$	6,954	$	897,555
Special Mention		-		1,849		2,052		3,407		1,787		299		7,338		463		17,195
Substandard		-		246		6		326		4,381		1,029		1,510		2,532		10,030
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial and industrial loans:	$	44,239	$	165,583	$	92,633	$	122,880	$	59,465	$	113,542	$	316,489	$	9,949	$	924,780


	Origination Year												Revolving loans amortized		Revolving loans converted to
March 31, 2022	2022		2021		2020		2019		2018		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Dairy & livestock and agribusiness loans:
Risk Rating:
Pass	$	749	$	4,012	$	3,138	$	1,175	$	1,140	$	1,334	$	263,440	$	399	$	275,387
Special Mention		-		-		-		-		-		-		3,947		1,283		5,230
Substandard		-		-		-		-		1,794		898		3,426		6,049		12,167
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Dairy & livestock and agribusiness loans:	$	749	$	4,012	$	3,138	$	1,175	$	2,934	$	2,232	$	270,813	$	7,731	$	292,784

Municipal lease finance receivables loans:
Risk Rating:
Pass	$	-	$	13,087	$	7,416	$	4,417	$	5,196	$	34,896	$	-	$	-	$	65,012
Special Mention		-		-		-		-		-		339		-		-		339
Substandard		-		-		-		-		-		192		-		-		192
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Municipal lease finance receivables loans:	$	-	$	13,087	$	7,416	$	4,417	$	5,196	$	35,427	$	-	$	-	$	65,543

SFR mortgage loans:
Risk Rating:
Pass	$	29,913	$	48,149	$	47,066	$	39,231	$	18,257	$	69,355	$	451	$	-	$	252,422
Special Mention		-		-		961		-		-		-		-		-		961
Substandard		-		-		-		-		-		1,350		-		403		1,753
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SFR mortgage loans:	$	29,913	$	48,149	$	48,027	$	39,231	$	18,257	$	70,705	$	451	$	403	$	255,136

Consumer and other loans:
Risk Rating:
Pass	$	5,613	$	4,379	$	1,789	$	1,302	$	423	$	1,472	$	55,811	$	3,211	$	74,000
Special Mention		-		771		-		-		-		-		590		402		1,763
Substandard		-		-		-		-		-		15		5		912		932
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Consumer and other loans:	$	5,613	$	5,150	$	1,789	$	1,302	$	423	$	1,487	$	56,406	$	4,525	$	76,695

Total Loans:
Risk Rating:
Pass	$	422,849	$	1,698,664	$	1,253,006	$	827,483	$	695,279	$	2,530,706	$	851,254	$	44,971	$	8,324,212
Special Mention		511		9,550		31,735		17,951		28,291		92,518		15,160		7,648		203,364
Substandard		-		3,905		561		773		13,926		27,494		7,441		10,008		64,108
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Loans:	$	423,360	$	1,712,119	$	1,285,302	$	846,207	$	737,496	$	2,650,718	$	873,855	$	62,627	$	8,591,684


	Origination Year												Revolving loans amortized		Revolving loans converted to
December 31, 2021	2021		2020		2019		2018		2017		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Commercial real estate loans:
Risk Rating:
Pass	$	1,137,714	$	963,697	$	591,202	$	534,468	$	484,721	$	1,704,267	$	156,841	$	33,564	$	5,606,474
Special Mention		3,133		20,640		14,477		16,097		43,262		44,045		6,970		6,800		155,424
Substandard		-		-		2,859		6,933		4,646		7,329		5,951		114		27,832
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial real estate loans:	$	1,140,847	$	984,337	$	608,538	$	557,498	$	532,629	$	1,755,641	$	169,762	$	40,478	$	5,789,730

Construction loans:
Risk Rating:
Pass	$	10,511	$	15,896	$	7,236	$	-	$	-	$	-	$	25,262	$	-	$	58,905
Special Mention		-		-		-		3,359		-		-		-		-		3,359
Substandard		-		-		-		-		-		-		-		-		-
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Construction loans:	$	10,511	$	15,896	$	7,236	$	3,359	$	-	$	-	$	25,262	$	-	$	62,264

SBA loans:
Risk Rating:
Pass	$	70,929	$	36,468	$	11,129	$	36,068	$	38,504	$	78,527	$	-	$	-	$	271,625
Special Mention		-		-		-		-		4,056		2,700		-		-		6,756
Substandard		-		-		-		785		4,092		5,342		-		-		10,219
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA loans:	$	70,929	$	36,468	$	11,129	$	36,853	$	46,652	$	86,569	$	-	$	-	$	288,600

SBA - PPP loans:
Risk Rating:
Pass	$	183,614	$	2,969	$	-	$	-	$	-	$	-	$	-	$	-	$	186,583
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		2		-		-		-		-		-		-		2
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA - PPP loans:	$	183,614	$	2,971	$	-	$	-	$	-	$	-	$	-	$	-	$	186,585

Commercial and industrial loans:
Risk Rating:
Pass	$	145,494	$	81,944	$	126,647	$	54,690	$	32,455	$	73,600	$	267,659	$	6,992	$	789,481
Special Mention		1,556		1,929		127		1,396		394		26		9,369		177		14,974
Substandard		244		6		602		1,712		505		475		1,991		3,073		8,608
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial and industrial loans:	$	147,294	$	83,879	$	127,376	$	57,798	$	33,354	$	74,101	$	279,019	$	10,242	$	813,063


	Origination Year												Revolving loans amortized		Revolving loans converted to
December 31, 2021	2021		2020		2019		2018		2017		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Dairy & livestock and agribusiness loans:
Risk Rating:
Pass	$	1,756	$	942	$	1,285	$	1,035	$	95	$	295	$	364,312	$	454	$	370,174
Special Mention		1,052		-		-		-		-		-		6,979		1,301		9,332
Substandard		-		-		-		37		-		-		-		6,676		6,713
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Dairy & livestock and agribusiness loans:	$	2,808	$	942	$	1,285	$	1,072	$	95	$	295	$	371,291	$	8,431	$	386,219

Municipal lease finance receivables loans:
Risk Rating:
Pass	$	9,310	$	7,666	$	-	$	279	$	9,528	$	18,811	$	-	$	-	$	45,594
Special Mention		-		-		-		-		-		339		-		-		339
Substandard		-		-		-		-		-		-		-		-		-
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Municipal lease finance receivables loans:	$	9,310	$	7,666	$	-	$	279	$	9,528	$	19,150	$	-	$	-	$	45,933

SFR mortgage loans:
Risk Rating:
Pass	$	48,813	$	49,261	$	41,776	$	19,877	$	16,046	$	61,965	$	451	$	-	$	238,189
Special Mention		8		-		-		-		-		-		-		-		8
Substandard		-		-		-		-		-		2,052		-		405		2,457
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SFR mortgage loans:	$	48,821	$	49,261	$	41,776	$	19,877	$	16,046	$	64,017	$	451	$	405	$	240,654

Consumer and other loans:
Risk Rating:
Pass	$	5,145	$	1,947	$	1,415	$	469	$	386	$	1,611	$	58,060	$	3,378	$	72,411
Special Mention		839		-		-		-		-		150		591		403		1,983
Substandard		-		-		-		-		-		15		5		251		271
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Consumer and other loans:	$	5,984	$	1,947	$	1,415	$	469	$	386	$	1,776	$	58,656	$	4,032	$	74,665

Total Loans:
Risk Rating:
Pass	$	1,613,286	$	1,160,790	$	780,690	$	646,886	$	581,735	$	1,939,076	$	872,585	$	44,388	$	7,639,436
Special Mention		6,588		22,569		14,604		20,852		47,712		47,260		23,909		8,681		192,175
Substandard		244		8		3,461		9,467		9,243		15,213		7,947		10,519		56,102
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Loans:	$	1,620,118	$	1,183,367	$	798,755	$	677,205	$	638,690	$	2,001,549	$	904,441	$	63,588	$	7,887,713

Allowance for Credit Losses ("ACL")

Our allowance for credit losses is based upon lifetime loss rate models developed from an estimation framework that uses historical lifetime loss experiences to derive loss rates at a collective pool level. We measure the expected credit losses on a collective (pooled) basis for those loans that share similar risk characteristics. We have three collective loan pools: Commercial Real Estate, Commercial and Industrial, and Consumer. Our ACL amounts are largely driven by portfolio characteristics, including loss history and various risk attributes, and the economic outlook for certain macroeconomic variables. Risk attributes for commercial real estate loans include OLTV, origination year, loan seasoning, and macroeconomic variables that include GDP growth, commercial real estate price index and unemployment rate. Risk attributes for commercial and industrial loans include internal risk ratings, borrower industry sector, loan credit spreads and macroeconomic variables that include unemployment rate and BBB spread. The macroeconomic variables for Consumer include unemployment rate and GDP. The Commercial Real Estate methodology is applied over commercial real estate loans, a portion of construction loans, and a portion of SBA loans (excluding Payment Protection Program loans). The Commercial and Industrial methodology is applied over a substantial portion of the Company’s commercial and industrial loans, all dairy & livestock and agribusiness loans, municipal lease receivables, as well as the remaining portion of SBA loans (excluding Payment Protection Program loans). The Consumer methodology is applied to SFR mortgage loans, consumer loans, as well as the remaining construction loans. In addition to determining the quantitative life of loan loss rate to be applied against the amortized cost basis of the portfolio segments, management reviews current conditions and forecasts to determine whether adjustments are needed to ensure that the life of loan loss rates reflect both the current state of the

portfolio, and expectations for macroeconomic changes. Our methodology for assessing the appropriateness of the allowance is reviewed on a regular basis and considers overall risks in the Bank’s loan portfolio. Refer to Note 3 – Summary of Significant Accounting Policies included in our Annual Report on Form 10-K for the year ended December 31, 2021 for a more detailed discussion concerning the allowance for credit losses.

The ACL totaled $76.1 million at March 31, 2022, compared to $65.0 million at December 31, 2021. As a result of the acquisition of Suncrest, we recorded a provision for credit loss of $4.9 million on January 7, 2022 to establish the ACL for the acquired loans that were not considered purchased credit deteriorated (“PCD”). The ACL at January 7, 2022, also included $8.6 million for the acquired Suncrest PCD loans. The $11.1 million increase in the ACL from December 31, 2021 to March 31, 2022 is comprised of the $8.6 million for the Suncrest PCD loans and a $2.5 million provision for credit losses for the first quarter of 2022. The $2.5 million provision for credit losses was the net result of the January 7, 2022 provision for credit loss recorded for the acquisition of the Suncrest non-PCD loans and a $2.4 million recapture of provision due to the net impact of improvements in the underlying loan characteristics of certain classified loans and the impact of changes in the economic forecast of certain macroeconomic variables compared to the end of 2021. At March 31, 2022, the ACL as a percentage of total loans and leases, at amortized cost, was 0.89%, or 0.90% of total loans when excluding the $121.2 million in PPP loans. This compares to 0.82% and 0.84% at December 31, 2021, respectively. Net charge-offs were $5,000 for the three months ended March 31, 2022, which compares to $2.4 million in net charge-offs for the same period of 2021. Our economic forecast continues to be a blend of multiple forecasts produced by Moody’s. These U.S. economic forecasts include a baseline forecast, as well as multiple downside forecasts. The baseline forecast continues to represent the largest weighting in our multi-weighted forecast scenario. Our weighted forecast assumes GDP will increase by 2.6% in 2022, 1.3% for 2023 and then grow by 3% in 2024. The unemployment rate is forecasted to be 4.3% in 2022, 5.2% in 2023 and then decline to 4.7% in 2024.

Management believes that the ACL was appropriate at March 31, 2022 and December 31, 2021. Due to inflationary pressures from global supply chain issues and geopolitical events, as well as the uncertainty around the epidemiological assumptions and ongoing impact of government responses to the pandemic that may impact our economic forecast, no assurance can be given that economic conditions that adversely affect the Company’s service areas or other circumstances will not be reflected in increased provisions for credit losses in the future.

The following tables present the balance and activity related to the allowance for credit losses for held-for-investment loans by type for the periods presented.


	Three Months Ended March 31, 2022
	Ending Balance December 31, 2021		Charge-offs			Recoveries		Initial ACL for PCD Loans at Acquisition		Provision Recorded at Acquisition		(Recapture of) Provision for Credit Losses			Ending Balance March 31, 2022
	(Dollars in thousands)
Commercial real estate	$	50,950	$	-		$	-	$	5,086	$	4,127	$	(2,328	)	$	57,835
Construction		765		-			3		122		58		40			988
SBA		2,668		-			5		62		64		25			2,824
Commercial and industrial		6,669		(15	)		3		500		508		(834	)		6,831
Dairy & livestock and agribusiness		3,066		-			-		2,832		149		656			6,703
Municipal lease finance receivables		100		-			-		3		26		23			152
SFR mortgage		188		-			-		-		-		39			227
Consumer and other loans		613		(1	)		-		-		-		(53	)		559
Total allowance for credit losses	$	65,019	$	(16	)	$	11	$	8,605	$	4,932	$	(2,432	)	$	76,119


	Three Months Ended March 31, 2021
	Ending Balance December 31, 2020		Charge-offs			Recoveries		(Recapture of) Provision for Credit Losses			Ending Balance March 31, 2021
	(Dollars in thousands)
Commercial real estate	$	75,439	$	-		$	-	$	(18,867	)	$	56,572
Construction		1,934		-			3		(59	)		1,878
SBA		2,992		-			4		(484	)		2,512
Commercial and industrial		7,142		(2,475	)		2		1,770			6,439
Dairy & livestock and agribusiness		3,949		-			-		(1,227	)		2,722
Municipal lease finance receivables		74		-			-		(39	)		35
SFR mortgage		367		-			79		(148	)		298
Consumer and other loans		1,795		-			-		(446	)		1,349
Total allowance for credit losses	$	93,692	$	(2,475	)	$	88	$	(19,500	)	$	71,805

Past Due and Nonperforming Loans

We seek to manage asset quality and control credit risk through diversification of the loan portfolio and the application of policies designed to promote sound underwriting and loan monitoring practices. The Bank’s Credit Management Division is in charge of monitoring asset quality, establishing credit policies and procedures and enforcing the consistent application of these policies and procedures across the Bank. Reviews of nonperforming, past due loans and larger credits, designed to identify potential charges to the allowance for credit losses, are conducted on an ongoing basis. These reviews consider such factors as the financial strength of borrowers and any guarantors, the value of the applicable collateral, loan loss experience, estimated credit losses, growth in the loan portfolio, prevailing economic conditions and other factors. Refer to Note 3 – Summary of Significant Accounting Policies, included in our Annual Report on Form 10-K for the year ended December 31, 2021, for additional discussion concerning the Bank’s policy for past due and nonperforming loans.

The following table presents the recorded investment in, and the aging of, past due loans (including nonaccrual loans), by type of loans as of the dates presented.


	March 31, 2022
	30-59 Days Past Due		60-89 Days Past Due		Greater than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	113	$	3,523	$	2,789	$	6,425	$	2,386,781	$	2,393,206
Non-owner occupied		565		-		-		565		4,077,070		4,077,635
Construction
Speculative (1)		-		-		-		-		65,022		65,022
Non-speculative		-		-		-		-		8,456		8,456
SBA		1,429		-		695		2,124		309,114		311,238
SBA - PPP		-		-		2		2		121,187		121,189
Commercial and industrial		118		371		675		1,164		923,616		924,780
Dairy & livestock and agribusiness		1,099		2,313		-		3,412		289,372		292,784
Municipal lease finance receivables		-		-		-		-		65,543		65,543
SFR mortgage		403		-		-		403		254,733		255,136
Consumer and other loans		-		-		40		40		76,655		76,695
Total loans	$	3,727	$	6,207	$	4,201	$	14,135	$	8,577,549	$	8,591,684

(1)

Speculative construction loans are generally for properties where there is no identified buyer or renter.


	December 31, 2021
	30-59 Days Past Due		60-89 Days Past Due		Greater than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	438	$	-	$	3,383	$	3,821	$	2,127,979	$	2,131,800
Non-owner occupied		-		-		-		-		3,657,930		3,657,930
Construction
Speculative (1)		-		-		-		-		44,859		44,859
Non-speculative		-		-		-		-		17,405		17,405
SBA		417		1,145		339		1,901		286,699		288,600
SBA - PPP		-		-		-		-		186,585		186,585
Commercial and industrial		-		16		1,356		1,372		811,691		813,063
Dairy & livestock and agribusiness		-		-		-		-		386,219		386,219
Municipal lease finance receivables		-		-		-		-		45,933		45,933
SFR mortgage		1,040		-		-		1,040		239,614		240,654
Consumer and other loans		-		-		42		42		74,623		74,665
Total loans	$	1,895	$	1,161	$	5,120	$	8,176	$	7,879,537	$	7,887,713

(1)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

Amortized cost of our finance receivables and loans that are on nonaccrual status, including loans with no allowance are presented as of March 31, 2022 and December 31, 2021 by type of loan.


	March 31, 2022
	Nonaccrual with No Allowance for Credit Losses		Total Nonaccrual (1)		Loans Past Due Over 89 Days Still Accruing
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	4,052	$	7,055	$	-
Non-owner occupied		-		-		-
Construction
Speculative (2)		-		-		-
Non-speculative		-		-		-
SBA		152		1,575		-
SBA - PPP		2		2		-
Commercial and industrial		1,246		1,771		-
Dairy & livestock and agribusiness		17		2,655		-
Municipal lease finance receivables		-		-		-
SFR mortgage		167		167		-
Consumer and other loans		40		40		-
Total loans	$	5,676	$	13,265	$	-

(1)

As of March 31, 2022, $1.8 million of nonaccruing loans were current, $1.1 million were 30-59 days past due, $6.2 million were 60-89 days past due, and $4.2 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.


	December 31, 2021
	Nonaccrual with No Allowance for Credit Losses		Total Nonaccrual (1)		Loans Past Due Over 89 Days Still Accruing
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	3,607	$	3,607	$	-
Non-owner occupied		-		-		-
Construction
Speculative (2)		-		-		-
Non-speculative		-		-		-
SBA		521		1,034		-
SBA - PPP		-		-		-
Commercial and industrial		1,326		1,714		-
Dairy & livestock and agribusiness		-		-		-
Municipal lease finance receivables		-		-		-
SFR mortgage		380		380		-
Consumer and other loans		158		158		-
Total loans	$	5,992	$	6,893	$	-

(1)

As of December 31, 2021, $1.2 million of nonaccruing loans were current, $332,000 were 30-59 days past due, $267,000 were 60-89 days past due, and $5.1 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

Collateral Dependent Loans

A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table presents the recorded investment in collateral-dependent loans by type of loans as of the dates presented.


	March 31, 2022						Number of Loans
	Real Estate		Business Assets		Other		Dependent on Collateral
	(Dollars in thousands)
Commercial real estate	$	11,967	$	-	$	-		14
Construction		-		-		-		-
SBA		398		1,177		-		11
SBA - PPP		-		-		-		-
Commercial and industrial		594		4,761		94		19
Dairy & livestock and agribusiness		131		17		2,867		8
Municipal lease finance receivables		-		-		-		-
SFR mortgage		168		-		-		1
Consumer and other loans		40		-		4		2
Total collateral-dependent loans	$	13,298	$	5,955	$	2,965		55


	December 31, 2021						Number of Loans
	Real Estate		Business Assets		Other		Dependent on Collateral
	(Dollars in thousands)
Commercial real estate	$	6,001	$	-	$	-		6
Construction		-		-		-		-
SBA		405		517		112		10
SBA - PPP		-		-		-		-
Commercial and industrial		688		5,133		96		19
Dairy & livestock and agribusiness		-		-		-		-
Municipal lease finance receivables		-		-		-		-
SFR mortgage		380		-		-		2
Consumer and other loans		158		-		-		2
Total collateral-dependent loans	$	7,632	$	5,650	$	208		39

Reserve for Unfunded Loan Commitments

The allowance for off-balance sheet credit exposure relates to commitments to extend credit, letters of credit and undisbursed funds on lines of credit. The Company evaluates credit risk associated with the off-balance sheet loan commitments in the same manner as it evaluates credit risk associated with the loan and lease portfolio. The Bank's ACL methodology produced an allowance of $8.0 million for the off-balance sheet credit exposures as of March 31, 2022. There was no provision or recapture of provision for unfunded loan commitments for the three months ended March 31, 2022 and 2021. As of March 31, 2022 and December 31, 2021, the balance in this reserve was $8.0 million and was included in other liabilities.

Troubled Debt Restructurings (“TDRs”)

Loans that are reported as TDRs are considered impaired and charge-off amounts are taken on an individual loan basis, as deemed appropriate. The majority of restructured loans are loans for which the terms of repayment have been renegotiated, resulting in a reduction in interest rate or deferral of principal. Refer to Note 3 – Summary of Significant Accounting Policies, included in our Annual Report on Form 10-K for the year ended December 31, 2021 for a more detailed discussion regarding TDRs.

As of March 31, 2022, there were $5.3 million of loans classified as a TDR, all of which were performing. TDRs on accrual status are comprised of loans that were accruing interest at the time of restructuring or have demonstrated repayment performance in compliance with the restructured terms for a sustained period and for which the Company anticipates full repayment of both principal and interest. At March 31, 2022, performing TDRs were comprised of three commercial and industrial loans of $1.9 million, one commercial real estate loan of $2.4 million, and five SFR mortgage loans of $1.0 million.

The majority of TDRs have no specific allowance allocated as any impairment amount is normally charged off at the time the loan is considered uncollectible. We have no allocated allowance to TDRs as of March 31, 2022 and December 31, 2021.

The following table provides a summary of the activity related to TDRs for the periods presented.


	Three Months Ended March 31,
	2022			2021
	(Dollars in thousands)
Performing TDRs:
Beginning balance	$	5,293		$	2,159
New modifications		-			4,643
Payoffs/payments, net and other		(34	)		(989	)
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-
Ending balance	$	5,259		$	5,813
Nonperforming TDRs:
Beginning balance	$	-		$	-
New modifications		-			-
Charge-offs		-			-
Payoffs/payments, net and other		-			-
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-
Ending balance	$	-		$	-
Total TDRs	$	5,259		$	5,813

The following tables summarize loans modified as TDRs for the period presented.

Modifications (1)

For the Three Months Ended March 31, 2022

Number of Loans

Pre-Modification Outstanding Recorded Investment

Post-Modification Outstanding Recorded
Investment

Outstanding Recorded Investment at March 31, 2022

Financial Effect Resulting From Modifications (2)

(Dollars in thousands)

Commercial real estate:

Interest rate reduction

Change in amortization period
or maturity

Commercial and industrial:

Interest rate reduction

Change in amortization period
or maturity

SFR mortgage:

Interest rate reduction

Change in amortization period
or maturity

Total loans


	For the Three Months Ended March 31, 2021
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Outstanding Recorded Investment at March 31, 2021		Financial Effect Resulting From Modifications (2)
	(Dollars in thousands)
Commercial real estate:
Interest rate reduction		-	$	-	$	-	$	-	$	-
Change in amortization period or maturity		-		-		-		-		-
Commercial and industrial:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		2		4,643		4,643		4,443		-
SFR mortgage:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Total loans		2	$	4,643	$	4,643	$	4,443	$	-

(1)

The tables above exclude modified loans that were paid off prior to the end of the period.

(2)

Financial effects resulting from modifications represent charge-offs and current allowance for credit losses at modification date.

As of March 31, 2022 and 2021, there were no loans that were modified as a TDR within the previous 12 months that subsequently defaulted during the three months ended March 31, 2022 and 2021, respectively.

Earnings Per Share Reconciliation

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share Reconciliation

7. EARNINGS PER SHARE RECONCILIATION

Basic earnings per common share are computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share considers the number of shares issuable upon the assumed exercise of outstanding common stock options. Antidilutive common shares are not included in the calculation of diluted earnings per common share. For the three months ended March 31, 2022 and March 31, 2021, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share, were 374,000 and 117,000, respectively.

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	Three Months Ended March 31,
	2022		2021
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	45,560	$	63,893
Less: Net earnings allocated to restricted stock		253		309
Net earnings allocated to common shareholders	$	45,307	$	63,584
Weighted average shares outstanding		144,725		135,175
Basic earnings per common share	$	0.31	$	0.47

Diluted earnings per common share:
Net income allocated to common shareholders	$	45,307	$	63,584
Weighted average shares outstanding		144,725		135,175
Incremental shares from assumed exercise of outstanding options		294		253
Diluted weighted average shares outstanding		145,019		135,428
Diluted earnings per common share	$	0.31	$	0.47

Fair Value Information

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Information

8. FAIR VALUE INFORMATION

Fair Value Hierarchy

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

The valuation methodologies for financial assets and liabilities measured at fair value on a recurring and non-recurring basis are described in Note 18 — Fair Value Information, included in our Annual Report on Form 10-K for the year ended December 31, 2021.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis as of the dates presented.


	Carrying Value at March 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
Mortgage-backed securities	$	3,080,992	$	-	$	3,080,992	$	-
CMO/REMIC		536,997		-		536,997		-
Municipal bonds		28,231		-		28,231		-
Other securities		1,110		-		1,110		-
Total investment securities - AFS		3,647,330		-		3,647,330		-
Interest rate swaps		3,653		-		3,653		-
Total assets	$	3,650,983	$	-	$	3,650,983	$	-
Description of liability
Interest rate swaps	$	3,653	$	-	$	3,653	$	-
Total liabilities	$	3,653	$	-	$	3,653	$	-


	Carrying Value at December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
Mortgage-backed securities	$	2,563,214	$	-	$	2,563,214	$	-
CMO/REMIC		590,158		-		590,158		-
Municipal bonds		29,468		-		29,468		-
Other securities		1,083		-		1,083		-
Total investment securities - AFS		3,183,923		-		3,183,923		-
Interest rate swaps		14,163		-		14,163		-
Total assets	$	3,198,086	$	-	$	3,198,086	$	-
Description of liability
Interest rate swaps	$	14,163	$	-	$	14,163	$	-
Total liabilities	$	14,163	$	-	$	14,163	$	-

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

We may be required to measure certain assets at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower of cost or fair value accounting or impairment write-downs of individual assets.

For assets measured at fair value on a non-recurring basis that were held on the balance sheet at March 31, 2022 and December 31, 2021, respectively, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related assets that had losses during the period. These losses on collateral dependent loans represent the amount of the allowance for credit losses and/or charge-offs during the period applicable to loans held at period-end. The amount of the allowance is included in the ACL.


	Carrying Value at March 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Three Months Ended March 31, 2022
	(Dollars in thousands)
Description of assets
Loans:
Commercial real estate	$	3,003	$	-	$	-	$	3,003	$	1,233
Construction		-		-		-		-		-
SBA		355		-		-		355		82
Commercial and industrial		418		-		-		418		98
Dairy & livestock and agribusiness		2,638		-		-		2,638		2,497
Municipal lease finance receivables		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Consumer and other loans		-		-		-		-		1
Other real estate owned		-		-		-		-		-
Asset held-for-sale		-		-		-		-		-
Total assets	$	6,414	$	-	$	-	$	6,414	$	3,911


	Carrying Value at December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Year Ended December 31, 2021
	(Dollars in thousands)
Description of assets
Loans:
Commercial real estate	$	-	$	-	$	-	$	-	$	-
Construction		-		-		-		-		-
SBA		646		-		-		646		255
Commercial and industrial		340		-		-		340		3,275
Dairy & livestock and agribusiness		38		-		-		38		118
Municipal lease finance receivables		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Consumer and other loans		-		-		-		-		11
Other real estate owned		-		-		-		-		-
Asset held-for-sale		-		-		-		-		-
Total assets	$	1,024	$	-	$	-	$	1,024	$	3,659

Fair Value of Financial Instruments

The following disclosure presents estimated fair value of our financial instruments. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to develop the estimates of fair value. Accordingly, the estimates presented below are not necessarily indicative of the amounts the Company may realize in a current market exchange as of March 31, 2022 and December 31, 2021, respectively. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.


	March 31, 2022
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	1,653,039	$	1,653,039	$	-	$	-	$	1,653,039
Interest-earning balances due from depository institutions		6,859		-		6,859		-		6,859
Investment securities available-for-sale		3,647,330		-		3,647,330		-		3,647,330
Investment securities held-to-maturity		2,362,741		-		2,203,144		-		2,203,144
Total loans, net of allowance for credit losses		8,515,565		-		-		8,513,262		8,513,262
Swaps		3,653		-		3,653		-		3,653
Liabilities
Deposits:
Interest-bearing	$	5,380,474	$	-	$	5,380,814	$	-	$	5,380,814
Borrowings		598,909		-		604,700		-		604,700
Junior subordinated debentures		-		-		-		-		-
Swaps		3,653		-		3,653		-		3,653


	December 31, 2021
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	1,732,548	$	1,732,548	$	-	$	-	$	1,732,548
Interest-earning balances due from depository institutions		25,999		-		25,999		-		25,999
Investment securities available-for-sale		3,183,923		-		3,183,923		-		3,183,923
Investment securities held-to-maturity		1,925,970		-		1,921,693		-		1,921,693
Total loans, net of allowance for credit losses		7,822,694		-		-		7,696,210		7,696,210
Swaps		14,163		-		14,163		-		14,163
Liabilities
Deposits:
Interest-bearing	$	4,872,386	$	-	$	4,871,531	$	-	$	4,871,531
Borrowings		644,669		-		586,645		-		586,645
Junior subordinated debentures		-		-		-		-		-
Swaps		14,163		-		14,163		-		14,163

The fair value estimates presented herein are based on pertinent information available to management as of March 31, 2022 and December 31, 2021. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date, and therefore, current estimates of fair value may differ significantly from the amounts presented above.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

9. DERIVATIVE FINANCIAL INSTRUMENTS

The Bank is exposed to certain risks relating to its ongoing business operations and utilizes interest rate swap agreements (“swaps”) as part of its asset/liability management strategy to help manage its interest rate risk position. As of March 31, 2022, the Bank has entered into 134 interest-rate swap agreements with customers with a notional amount totaling $472.2 million. The Bank then entered into identical offsetting swaps with a counterparty. The swap agreements are not designated as hedging instruments. The purpose of entering into offsetting derivatives not designated as a hedging instrument is to provide the Bank a variable-rate loan receivable and to provide the customer the financial effects of a fixed-rate loan without creating significant volatility in the Bank’s earnings.

The structure of the swaps is as follows. The Bank enters into an interest rate swap with its customers in which the Bank pays the customer a variable rate and the customer pays the Bank a fixed rate, therefore allowing customers to convert variable rate loans to fixed rate loans. At the same time, the Bank enters into a swap with the counterparty bank in which the Bank pays the counterparty a fixed rate and the counterparty in return pays the Bank a variable rate. The net effect of the transaction allows the Bank to receive interest on the loan from the customer at a variable rate based on LIBOR plus a spread. The changes in the fair value of the swaps primarily offset each other and therefore should not have a significant impact on the Company’s results of operations, although the Company does incur credit and counterparty risk with respect to performance on the swap agreements by the Bank’s customer and counterparty, respectively. As a result of the Bank exceeding $10 billion in assets, federal regulations required the Bank, beginning in January 2019, to clear most interest rate swaps through a clearing house (“centrally cleared”). These instruments contain language outlining collateral pledging requirements for each counterparty, in which collateral must be posted if market value exceeds certain agreed upon threshold limits. Cash or securities are pledged as collateral. Our interest rate swap derivatives are subject to a master netting arrangement with our counterparties. None of our derivative assets and liabilities are offset in the Company’s condensed consolidated balance sheet.

We believe our risk of loss associated with our counterparty borrowers related to interest rate swaps is mitigated as the loans with swaps are underwritten to take into account potential additional exposure, although there can be no assurances in this regard since the performance of our swaps is subject to market and counterparty risk.

Balance Sheet Classification of Derivative Financial Instruments

As of March 31, 2022 and December 31, 2021, the total notional amount of the Company’s swaps was $472.2 million, and $493.2 million, respectively. The location of the asset and liability, and their respective fair values, are summarized in the tables below.

March 31, 2022

Asset Derivatives

Liability Derivatives

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

3,653

Other liabilities

3,653

Total derivatives

3,653

December 31, 2021

Asset Derivatives

Liability Derivatives

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

14,163

Other liabilities

14,163

Total derivatives

14,163

The Effect of Derivative Financial Instruments on the Condensed Consolidated Statements of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statements of earnings for the periods presented.


Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivative Instruments	Amount of Gain Recognized in Income on Derivative Instruments
		Three Months Ended March 31,
		2022		2021
		(Dollars in thousands)
Interest rate swaps	Other income	$	-	$	215
Total		$	-	$	215

Other Comprehensive Income

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Other Comprehensive Income

10. OTHER COMPREHENSIVE INCOME

The table below provides a summary of the components of other comprehensive income (“OCI”) for the periods presented.


	Three Months Ended March 31,
	2022									2021
	Before-tax			Tax effect			After-tax			Before-tax			Tax effect			After-tax
	(Dollars in thousands)
Investment securities:
Net change in fair value recorded in accumulated OCI	$	(202,072	)	$	59,740		$	(142,332	)	$	(40,391	)	$	11,941		$	(28,450	)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity		54			(16	)		38			81			(24	)		57
Net change	$	(202,018	)	$	59,724		$	(142,294	)	$	(40,310	)	$	11,917		$	(28,393	)

Balance Sheet Offsetting

3 Months Ended

Mar. 31, 2022

Text Block [Abstract]

Balance Sheet Offsetting

11. BALANCE SHEET OFFSETTING

Assets and liabilities relating to certain financial instruments, including, derivatives and securities sold under repurchase agreements (“repurchase agreements”), may be eligible for offset in the condensed consolidated balance sheets as permitted under accounting guidance. As noted above, our interest rate swap derivatives are subject to master netting arrangements. Our interest rate swap derivatives require the Company to pledge investment securities as collateral based on certain risk thresholds. Investment securities that have been pledged by the Company to counterparties continue to be reported in the Company’s condensed consolidated balance sheets unless the Company defaults. We offer a repurchase agreement product to our customers, which include master netting agreements that allow for the netting of collateral positions. This product, known as Citizens Sweep Manager, sells certain of our securities overnight to our customers under an agreement to repurchase them the next day. The repurchase agreements are not offset in the Company’s condensed consolidated balances.


	Gross Amounts Recognized in the Condensed		Gross Amounts Offset in the Condensed			Net Amounts Presented in the Condensed		Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Consolidated Balance Sheets		Consolidated Balance Sheets			Consolidated Balance Sheets		Financial Instruments		Collateral Pledged			Net Amount
	(Dollars in thousands)
March 31, 2022
Financial assets:
Derivatives not designated as hedging instruments	$	3,653	$	-		$	-	$	3,653	$	-		$	3,653
Total	$	3,653	$	-		$	-	$	3,653	$	-		$	3,653

Financial liabilities:
Derivatives not designated as hedging instruments	$	29,694	$	(26,041	)	$	3,653	$	26,041	$	(16,807	)	$	12,887
Repurchase agreements		598,909		-			598,909		-		(833,418	)		(234,509	)
Total	$	628,603	$	(26,041	)	$	602,562	$	26,041	$	(850,225	)	$	(221,622	)


December 31, 2021
Financial assets:
Derivatives not designated as hedging instruments	$	14,163	$	-		$	-	$	14,163	$	-		$	14,163
Total	$	14,163	$	-		$	-	$	14,163	$	-		$	14,163

Financial liabilities:
Derivatives not designated as hedging instruments	$	23,502	$	(9,339	)	$	14,163	$	9,339	$	(37,285	)	$	(13,783	)
Repurchase agreements		642,388		-			642,388		-		(683,923	)		(41,535	)
Total	$	665,890	$	(9,339	)	$	656,551	$	9,339	$	(721,208	)	$	(55,318	)

Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

12. LEASES

The Company’s operating leases, where the Company is a lessee, include real estate, such as office space and banking centers. Lease expense for operating leases is recognized on a straight-line basis over the term of the lease and is reflected in the consolidated statement of earnings. Right-of-use (“ROU”) assets and lease liabilities are included in other assets and other liabilities, respectively, on the Company’s condensed consolidated balance sheet.

While the Company has, as a lessor, certain equipment finance leases, such leases are not material to the Company’s consolidated financial statements.

The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.


	March 31, 2022		December 31, 2021
	(Dollars in thousands)
Lease Assets and Liabilities
ROU assets	$	21,849	$	19,274
Total lease liabilities		23,428		20,864


	Three Months Ended March 31,
	2022		2021

Lease Cost
Operating lease expense (1)	$	1,846	$	1,662
Sublease income		-		-
Total lease expense	$	1,846	$	1,662

(1)

Includes short-term leases and variable lease costs, which are immaterial.


Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases, net	$	1,851	$	1,819


	March 31, 2022			December 31, 2021
Lease Term and Discount Rate
Weighted average remaining lease term (years)		4.30			4.26
Weighted average discount rate		2.36	%		2.41	%

The Company’s lease arrangements that have not yet commenced as of March 31, 2022 and the Company’s short-term lease costs and variable lease costs, for the three months ended March 31, 2022 and 2021 are not material to the consolidated financial statements. The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of March 31, 2022, excluding property taxes and insurance, are as follows:


	March 31, 2022
	(Dollars in thousands)
Year:
2022 (excluding the three months ended March 31, 2022)	$	5,440
2023		5,914
2024		4,706
2025		3,931
2026		2,665
Thereafter		1,964
Total future lease payments		24,620
Less: Imputed interest		(1,192	)
Present value of lease liabilities	$	23,428

Revenue Recognition

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

13. REVENUE RECOGNITION

The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of ASU No. 2014-09 “Revenue from Contracts with Customers (Topic 606)”, for the periods indicated.


	Three Months Ended March 31,
	2022		2021
	(Dollars in thousands)
Noninterest income:
In-scope of Topic 606:
Service charges on deposit accounts	$	5,059	$	3,985
Trust and investment services		2,822		2,611
Bankcard services		416		350
Gain on OREO, net		-		429
Other		1,618		1,682
Noninterest Income (in-scope of Topic 606)		9,915		9,057
Noninterest Income (out-of-scope of Topic 606)		1,349		4,624
Total noninterest income	$	11,264	$	13,681

Refer to Note 3 – Summary of Significant Accounting Policies and Note 23 – Revenue Recognition, included in our Annual Report on Form 10-K for the year ended December 31, 2021 for a more detailed discussion about noninterest revenue streams that are in-scope of Topic 606.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Accounting policies (Policies)	3 Months Ended
Accounting policies (Policies)	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for credit losses. Other significant estimates, which may be subject to change, include fair value determinations and disclosures, impairment of investments, goodwill, loans, as well as valuation of deferred tax assets.

Investment Securities (Tables)

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of Amortized Cost and Estimated Fair Value of Investment Securities


	March 31, 2022
	Amortized Cost		Gross Unrealized Holding Gain		Gross Unrealized Holding Loss			Fair Value		Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	3,243,037	$	3,973	$	(166,018	)	$	3,080,992		84.47	%
CMO/REMIC		578,213		65		(41,281	)		536,997		14.72	%
Municipal bonds		28,364		218		(351	)		28,231		0.77	%
Other securities		1,110		-		-			1,110		0.04	%
Total available-for-sale securities	$	3,850,724	$	4,256	$	(207,650	)	$	3,647,330		100.00	%
Investment securities held-to-maturity:
Government agency/GSE	$	570,332	$	722	$	(52,738	)	$	518,316		24.14	%
Mortgage-backed securities		632,012		227		(43,928	)		588,311		26.75	%
CMO/REMIC		818,279		-		(44,778	)		773,501		34.63	%
Municipal bonds		342,118		758		(19,860	)		323,016		14.48	%
Total held-to-maturity securities	$	2,362,741	$	1,707	$	(161,304	)	$	2,203,144		100.00	%


	December 31, 2021
	Amortized Cost		Gross Unrealized Holding Gain		Gross Unrealized Holding Loss			Fair Value		Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	2,553,246	$	25,873	$	(15,905	)	$	2,563,214		80.50	%
CMO/REMIC		602,555		1,586		(13,983	)		590,158		18.53	%
Municipal bonds		28,365		1,103		-			29,468		0.93	%
Other securities		1,083		-		-			1,083		0.04	%
Total available-for-sale securities	$	3,185,249	$	28,562	$	(29,888	)	$	3,183,923		100.00	%
Investment securities held-to-maturity:
Government agency/GSE	$	576,899	$	5,907	$	(7,312	)	$	575,494		29.95	%
Mortgage-backed securities		647,390		4,109		(6,106	)		645,393		33.61	%
CMO/REMIC		490,670		596		(5,030	)		486,236		25.48	%
Municipal bonds		211,011		4,714		(1,155	)		214,570		10.96	%
Total held-to-maturity securities	$	1,925,970	$	15,326	$	(19,603	)	$	1,921,693		100.00	%

Summary of Interest Income Earned on Investment Securities

The following table provides information about the amount of interest income earned on investment securities which is fully taxable and which is exempt from regular federal income tax.


	Three Months Ended
	March 31,
	2022		2021
	(Dollars in thousands)
Investment securities available-for-sale:
Taxable	$	12,649	$	8,968
Tax-advantaged		183		191
Total interest income from available-for-sale securities		12,832		9,159
Investment securities held-to-maturity:
Taxable		9,105		2,811
Tax-advantaged		1,558		1,129
Total interest income from held-to-maturity securities		10,663		3,940
Total interest income from investment securities	$	23,495	$	13,099

Summary of Continuous Unrealized Loss Position of Securities


	March 31, 2022
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,551,620	$	(92,654	)	$	851,349	$	(73,364	)	$	2,402,969	$	(166,018	)
CMO/REMIC		192,973		(10,983	)		331,988		(30,298	)		524,961		(41,281	)
Municipal bonds		14,990		(351	)		-		-			14,990		(351	)
Total available-for-sale securities	$	1,759,583	$	(103,988	)	$	1,183,337	$	(103,662	)	$	2,942,920	$	(207,650	)
Investment securities held-to-maturity:
Government agency/GSE	$	242,300	$	(21,492	)	$	242,589	$	(31,246	)	$	484,889	$	(52,738	)
Mortgage-backed securities		560,752		(43,438	)		4,518		(490	)		565,270		(43,928	)
CMO/REMIC		773,501		(44,778	)		-		-			773,501		(44,778	)
Municipal bonds		178,881		(12,670	)		58,587		(7,190	)		237,468		(19,860	)
Total held-to-maturity securities	$	1,755,434	$	(122,378	)	$	305,694	$	(38,926	)	$	2,061,128	$	(161,304	)


	December 31, 2021
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,465,647	$	(15,099	)	$	44,244	$	(806	)	$	1,509,891	$	(15,905	)
CMO/REMIC		450,393		(11,515	)		53,745		(2,468	)		504,138		(13,983	)
Municipal bonds		-		-			-		-			-		-
Total available-for-sale securities	$	1,916,040	$	(26,614	)	$	97,989	$	(3,274	)	$	2,014,029	$	(29,888	)

Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Mortgage-backed and CMO/REMIC securities are included in maturity categories based upon estimated average lives which incorporate estimated prepayment speeds.


	March 31, 2022
	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
			(Dollars in thousands)
Due in one year or less	$	14,945	$	14,963	$	9,188	$	9,044
Due after one year through five years		1,270,685		1,220,048		628,543		601,064
Due after five years through ten years		1,904,250		1,782,675		537,429		503,542
Due after ten years		660,844		629,644		1,187,581		1,089,494
Total investment securities	$	3,850,724	$	3,647,330	$	2,362,741	$	2,203,144

Loans and Lease Finance Receivables and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Summary of Components of Loans and Lease Finance Receivables, Excluding PCI Loans

The following table provides a summary of total loans and lease finance receivables by type.


	March 31, 2022			December 31, 2021
	(Dollars in thousands)

Commercial real estate	$	6,470,841		$	5,789,730
Construction		73,478			62,264
SBA		311,238			288,600
SBA - Paycheck Protection Program (PPP)		121,189			186,585
Commercial and industrial		924,780			813,063
Dairy & livestock and agribusiness		292,784			386,219
Municipal lease finance receivables		65,543			45,933
SFR mortgage		255,136			240,654
Consumer and other loans		76,695			74,665
Total loans, at amortized cost		8,591,684			7,887,713
Less: Allowance for credit losses		(76,119	)		(65,019	)
Total loans and lease finance receivables, net	$	8,515,565		$	7,822,694

Summary of loans by type and origination year, according to our internal risk ratings

The following table summarizes loans by type and origination year, including acquired Suncrest loans in the year of origination, according to our internal risk ratings as of the dates presented.


	Origination Year												Revolving loans amortized		Revolving loans converted to
March 31, 2022	2022		2021		2020		2019		2018		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Commercial real estate loans:
Risk Rating:
Pass	$	309,734	$	1,266,416	$	1,034,822	$	650,330	$	584,265	$	2,195,297	$	203,627	$	34,407	$	6,278,898
Special Mention		511		6,368		26,868		13,203		21,280		86,656		3,285		5,500		163,671
Substandard		-		3,524		553		447		6,983		14,153		2,500		112		28,272
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial real estate loans:	$	310,245	$	1,276,308	$	1,062,243	$	663,980	$	612,528	$	2,296,106	$	209,412	$	40,019	$	6,470,841

Construction loans:
Risk Rating:
Pass	$	3,150	$	20,766	$	24,308	$	-	$	1,389	$	-	$	20,083	$	-	$	69,696
Special Mention		-		-		-		-		3,782		-		-		-		3,782
Substandard		-		-		-		-		-		-		-		-		-
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Construction loans:	$	3,150	$	20,766	$	24,308	$	-	$	5,171	$	-	$	20,083	$	-	$	73,478

SBA loans:
Risk Rating:
Pass	$	29,451	$	65,744	$	36,025	$	11,881	$	31,312	$	116,138	$	201	$	-	$	290,752
Special Mention		-		-		1,854		1,341		1,442		5,224		-		-		9,861
Substandard		-		-		-		-		768		9,857		-		-		10,625
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA loans:	$	29,451	$	65,744	$	37,879	$	13,222	$	33,522	$	131,219	$	201	$	-	$	311,238

SBA - PPP loans:
Risk Rating:
Pass	$	-	$	112,623	$	7,867	$	-	$	-	$	-	$	-	$	-	$	120,490
Special Mention		-		562		-		-		-		-		-		-		562
Substandard		-		135		2		-		-		-		-		-		137
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA - PPP loans:	$	-	$	113,320	$	7,869	$	-	$	-	$	-	$	-	$	-	$	121,189

Commercial and industrial loans:
Risk Rating:
Pass	$	44,239	$	163,488	$	90,575	$	119,147	$	53,297	$	112,214	$	307,641	$	6,954	$	897,555
Special Mention		-		1,849		2,052		3,407		1,787		299		7,338		463		17,195
Substandard		-		246		6		326		4,381		1,029		1,510		2,532		10,030
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial and industrial loans:	$	44,239	$	165,583	$	92,633	$	122,880	$	59,465	$	113,542	$	316,489	$	9,949	$	924,780


	Origination Year												Revolving loans amortized		Revolving loans converted to
March 31, 2022	2022		2021		2020		2019		2018		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Dairy & livestock and agribusiness loans:
Risk Rating:
Pass	$	749	$	4,012	$	3,138	$	1,175	$	1,140	$	1,334	$	263,440	$	399	$	275,387
Special Mention		-		-		-		-		-		-		3,947		1,283		5,230
Substandard		-		-		-		-		1,794		898		3,426		6,049		12,167
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Dairy & livestock and agribusiness loans:	$	749	$	4,012	$	3,138	$	1,175	$	2,934	$	2,232	$	270,813	$	7,731	$	292,784

Municipal lease finance receivables loans:
Risk Rating:
Pass	$	-	$	13,087	$	7,416	$	4,417	$	5,196	$	34,896	$	-	$	-	$	65,012
Special Mention		-		-		-		-		-		339		-		-		339
Substandard		-		-		-		-		-		192		-		-		192
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Municipal lease finance receivables loans:	$	-	$	13,087	$	7,416	$	4,417	$	5,196	$	35,427	$	-	$	-	$	65,543

SFR mortgage loans:
Risk Rating:
Pass	$	29,913	$	48,149	$	47,066	$	39,231	$	18,257	$	69,355	$	451	$	-	$	252,422
Special Mention		-		-		961		-		-		-		-		-		961
Substandard		-		-		-		-		-		1,350		-		403		1,753
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SFR mortgage loans:	$	29,913	$	48,149	$	48,027	$	39,231	$	18,257	$	70,705	$	451	$	403	$	255,136

Consumer and other loans:
Risk Rating:
Pass	$	5,613	$	4,379	$	1,789	$	1,302	$	423	$	1,472	$	55,811	$	3,211	$	74,000
Special Mention		-		771		-		-		-		-		590		402		1,763
Substandard		-		-		-		-		-		15		5		912		932
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Consumer and other loans:	$	5,613	$	5,150	$	1,789	$	1,302	$	423	$	1,487	$	56,406	$	4,525	$	76,695

Total Loans:
Risk Rating:
Pass	$	422,849	$	1,698,664	$	1,253,006	$	827,483	$	695,279	$	2,530,706	$	851,254	$	44,971	$	8,324,212
Special Mention		511		9,550		31,735		17,951		28,291		92,518		15,160		7,648		203,364
Substandard		-		3,905		561		773		13,926		27,494		7,441		10,008		64,108
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Loans:	$	423,360	$	1,712,119	$	1,285,302	$	846,207	$	737,496	$	2,650,718	$	873,855	$	62,627	$	8,591,684


	Origination Year												Revolving loans amortized		Revolving loans converted to
December 31, 2021	2021		2020		2019		2018		2017		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Commercial real estate loans:
Risk Rating:
Pass	$	1,137,714	$	963,697	$	591,202	$	534,468	$	484,721	$	1,704,267	$	156,841	$	33,564	$	5,606,474
Special Mention		3,133		20,640		14,477		16,097		43,262		44,045		6,970		6,800		155,424
Substandard		-		-		2,859		6,933		4,646		7,329		5,951		114		27,832
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial real estate loans:	$	1,140,847	$	984,337	$	608,538	$	557,498	$	532,629	$	1,755,641	$	169,762	$	40,478	$	5,789,730

Construction loans:
Risk Rating:
Pass	$	10,511	$	15,896	$	7,236	$	-	$	-	$	-	$	25,262	$	-	$	58,905
Special Mention		-		-		-		3,359		-		-		-		-		3,359
Substandard		-		-		-		-		-		-		-		-		-
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Construction loans:	$	10,511	$	15,896	$	7,236	$	3,359	$	-	$	-	$	25,262	$	-	$	62,264

SBA loans:
Risk Rating:
Pass	$	70,929	$	36,468	$	11,129	$	36,068	$	38,504	$	78,527	$	-	$	-	$	271,625
Special Mention		-		-		-		-		4,056		2,700		-		-		6,756
Substandard		-		-		-		785		4,092		5,342		-		-		10,219
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA loans:	$	70,929	$	36,468	$	11,129	$	36,853	$	46,652	$	86,569	$	-	$	-	$	288,600

SBA - PPP loans:
Risk Rating:
Pass	$	183,614	$	2,969	$	-	$	-	$	-	$	-	$	-	$	-	$	186,583
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		2		-		-		-		-		-		-		2
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SBA - PPP loans:	$	183,614	$	2,971	$	-	$	-	$	-	$	-	$	-	$	-	$	186,585

Commercial and industrial loans:
Risk Rating:
Pass	$	145,494	$	81,944	$	126,647	$	54,690	$	32,455	$	73,600	$	267,659	$	6,992	$	789,481
Special Mention		1,556		1,929		127		1,396		394		26		9,369		177		14,974
Substandard		244		6		602		1,712		505		475		1,991		3,073		8,608
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Commercial and industrial loans:	$	147,294	$	83,879	$	127,376	$	57,798	$	33,354	$	74,101	$	279,019	$	10,242	$	813,063


	Origination Year												Revolving loans amortized		Revolving loans converted to
December 31, 2021	2021		2020		2019		2018		2017		Prior		cost basis		term loans		Total
	(Dollars in thousands)
Dairy & livestock and agribusiness loans:
Risk Rating:
Pass	$	1,756	$	942	$	1,285	$	1,035	$	95	$	295	$	364,312	$	454	$	370,174
Special Mention		1,052		-		-		-		-		-		6,979		1,301		9,332
Substandard		-		-		-		37		-		-		-		6,676		6,713
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Dairy & livestock and agribusiness loans:	$	2,808	$	942	$	1,285	$	1,072	$	95	$	295	$	371,291	$	8,431	$	386,219

Municipal lease finance receivables loans:
Risk Rating:
Pass	$	9,310	$	7,666	$	-	$	279	$	9,528	$	18,811	$	-	$	-	$	45,594
Special Mention		-		-		-		-		-		339		-		-		339
Substandard		-		-		-		-		-		-		-		-		-
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Municipal lease finance receivables loans:	$	9,310	$	7,666	$	-	$	279	$	9,528	$	19,150	$	-	$	-	$	45,933

SFR mortgage loans:
Risk Rating:
Pass	$	48,813	$	49,261	$	41,776	$	19,877	$	16,046	$	61,965	$	451	$	-	$	238,189
Special Mention		8		-		-		-		-		-		-		-		8
Substandard		-		-		-		-		-		2,052		-		405		2,457
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total SFR mortgage loans:	$	48,821	$	49,261	$	41,776	$	19,877	$	16,046	$	64,017	$	451	$	405	$	240,654

Consumer and other loans:
Risk Rating:
Pass	$	5,145	$	1,947	$	1,415	$	469	$	386	$	1,611	$	58,060	$	3,378	$	72,411
Special Mention		839		-		-		-		-		150		591		403		1,983
Substandard		-		-		-		-		-		15		5		251		271
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Consumer and other loans:	$	5,984	$	1,947	$	1,415	$	469	$	386	$	1,776	$	58,656	$	4,032	$	74,665

Total Loans:
Risk Rating:
Pass	$	1,613,286	$	1,160,790	$	780,690	$	646,886	$	581,735	$	1,939,076	$	872,585	$	44,388	$	7,639,436
Special Mention		6,588		22,569		14,604		20,852		47,712		47,260		23,909		8,681		192,175
Substandard		244		8		3,461		9,467		9,243		15,213		7,947		10,519		56,102
Doubtful & Loss		-		-		-		-		-		-		-		-		-
Total Loans:	$	1,620,118	$	1,183,367	$	798,755	$	677,205	$	638,690	$	2,001,549	$	904,441	$	63,588	$	7,887,713

Schedule of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans by Type

The following tables present the balance and activity related to the allowance for credit losses for held-for-investment loans by type for the periods presented.


	Three Months Ended March 31, 2022
	Ending Balance December 31, 2021		Charge-offs			Recoveries		Initial ACL for PCD Loans at Acquisition		Provision Recorded at Acquisition		(Recapture of) Provision for Credit Losses			Ending Balance March 31, 2022
	(Dollars in thousands)
Commercial real estate	$	50,950	$	-		$	-	$	5,086	$	4,127	$	(2,328	)	$	57,835
Construction		765		-			3		122		58		40			988
SBA		2,668		-			5		62		64		25			2,824
Commercial and industrial		6,669		(15	)		3		500		508		(834	)		6,831
Dairy & livestock and agribusiness		3,066		-			-		2,832		149		656			6,703
Municipal lease finance receivables		100		-			-		3		26		23			152
SFR mortgage		188		-			-		-		-		39			227
Consumer and other loans		613		(1	)		-		-		-		(53	)		559
Total allowance for credit losses	$	65,019	$	(16	)	$	11	$	8,605	$	4,932	$	(2,432	)	$	76,119


	Three Months Ended March 31, 2021
	Ending Balance December 31, 2020		Charge-offs			Recoveries		(Recapture of) Provision for Credit Losses			Ending Balance March 31, 2021
	(Dollars in thousands)
Commercial real estate	$	75,439	$	-		$	-	$	(18,867	)	$	56,572
Construction		1,934		-			3		(59	)		1,878
SBA		2,992		-			4		(484	)		2,512
Commercial and industrial		7,142		(2,475	)		2		1,770			6,439
Dairy & livestock and agribusiness		3,949		-			-		(1,227	)		2,722
Municipal lease finance receivables		74		-			-		(39	)		35
SFR mortgage		367		-			79		(148	)		298
Consumer and other loans		1,795		-			-		(446	)		1,349
Total allowance for credit losses	$	93,692	$	(2,475	)	$	88	$	(19,500	)	$	71,805

Schedule of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Excluding PCI Loans by Class of Loans

The following table presents the recorded investment in, and the aging of, past due loans (including nonaccrual loans), by type of loans as of the dates presented.


	March 31, 2022
	30-59 Days Past Due		60-89 Days Past Due		Greater than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	113	$	3,523	$	2,789	$	6,425	$	2,386,781	$	2,393,206
Non-owner occupied		565		-		-		565		4,077,070		4,077,635
Construction
Speculative (1)		-		-		-		-		65,022		65,022
Non-speculative		-		-		-		-		8,456		8,456
SBA		1,429		-		695		2,124		309,114		311,238
SBA - PPP		-		-		2		2		121,187		121,189
Commercial and industrial		118		371		675		1,164		923,616		924,780
Dairy & livestock and agribusiness		1,099		2,313		-		3,412		289,372		292,784
Municipal lease finance receivables		-		-		-		-		65,543		65,543
SFR mortgage		403		-		-		403		254,733		255,136
Consumer and other loans		-		-		40		40		76,655		76,695
Total loans	$	3,727	$	6,207	$	4,201	$	14,135	$	8,577,549	$	8,591,684

(1)

Speculative construction loans are generally for properties where there is no identified buyer or renter.


	December 31, 2021
	30-59 Days Past Due		60-89 Days Past Due		Greater than 89 Days Past Due		Total Past Due		Loans Not Past Due		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	438	$	-	$	3,383	$	3,821	$	2,127,979	$	2,131,800
Non-owner occupied		-		-		-		-		3,657,930		3,657,930
Construction
Speculative (1)		-		-		-		-		44,859		44,859
Non-speculative		-		-		-		-		17,405		17,405
SBA		417		1,145		339		1,901		286,699		288,600
SBA - PPP		-		-		-		-		186,585		186,585
Commercial and industrial		-		16		1,356		1,372		811,691		813,063
Dairy & livestock and agribusiness		-		-		-		-		386,219		386,219
Municipal lease finance receivables		-		-		-		-		45,933		45,933
SFR mortgage		1,040		-		-		1,040		239,614		240,654
Consumer and other loans		-		-		42		42		74,623		74,665
Total loans	$	1,895	$	1,161	$	5,120	$	8,176	$	7,879,537	$	7,887,713

(1)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

Amortized cost of our finance receivables and loans that are on nonaccrual status, including loans with no allowance are presented as of March 31, 2022 and December 31, 2021 by type of loan.


	March 31, 2022
	Nonaccrual with No Allowance for Credit Losses		Total Nonaccrual (1)		Loans Past Due Over 89 Days Still Accruing
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	4,052	$	7,055	$	-
Non-owner occupied		-		-		-
Construction
Speculative (2)		-		-		-
Non-speculative		-		-		-
SBA		152		1,575		-
SBA - PPP		2		2		-
Commercial and industrial		1,246		1,771		-
Dairy & livestock and agribusiness		17		2,655		-
Municipal lease finance receivables		-		-		-
SFR mortgage		167		167		-
Consumer and other loans		40		40		-
Total loans	$	5,676	$	13,265	$	-

(1)

As of March 31, 2022, $1.8 million of nonaccruing loans were current, $1.1 million were 30-59 days past due, $6.2 million were 60-89 days past due, and $4.2 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.


	December 31, 2021
	Nonaccrual with No Allowance for Credit Losses		Total Nonaccrual (1)		Loans Past Due Over 89 Days Still Accruing
	(Dollars in thousands)
Commercial real estate
Owner occupied	$	3,607	$	3,607	$	-
Non-owner occupied		-		-		-
Construction
Speculative (2)		-		-		-
Non-speculative		-		-		-
SBA		521		1,034		-
SBA - PPP		-		-		-
Commercial and industrial		1,326		1,714		-
Dairy & livestock and agribusiness		-		-		-
Municipal lease finance receivables		-		-		-
SFR mortgage		380		380		-
Consumer and other loans		158		158		-
Total loans	$	5,992	$	6,893	$	-

(1)

As of December 31, 2021, $1.2 million of nonaccruing loans were current, $332,000 were 30-59 days past due, $267,000 were 60-89 days past due, and $5.1 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

Summary of pledged assets not separately reported on statement of financial position

The following table presents the recorded investment in collateral-dependent loans by type of loans as of the dates presented.


	March 31, 2022						Number of Loans
	Real Estate		Business Assets		Other		Dependent on Collateral
	(Dollars in thousands)
Commercial real estate	$	11,967	$	-	$	-		14
Construction		-		-		-		-
SBA		398		1,177		-		11
SBA - PPP		-		-		-		-
Commercial and industrial		594		4,761		94		19
Dairy & livestock and agribusiness		131		17		2,867		8
Municipal lease finance receivables		-		-		-		-
SFR mortgage		168		-		-		1
Consumer and other loans		40		-		4		2
Total collateral-dependent loans	$	13,298	$	5,955	$	2,965		55


	December 31, 2021						Number of Loans
	Real Estate		Business Assets		Other		Dependent on Collateral
	(Dollars in thousands)
Commercial real estate	$	6,001	$	-	$	-		6
Construction		-		-		-		-
SBA		405		517		112		10
SBA - PPP		-		-		-		-
Commercial and industrial		688		5,133		96		19
Dairy & livestock and agribusiness		-		-		-		-
Municipal lease finance receivables		-		-		-		-
SFR mortgage		380		-		-		2
Consumer and other loans		158		-		-		2
Total collateral-dependent loans	$	7,632	$	5,650	$	208		39

Summary of Activity Related to Troubled Debt Restructurings

The following table provides a summary of the activity related to TDRs for the periods presented.


	Three Months Ended March 31,
	2022			2021
	(Dollars in thousands)
Performing TDRs:
Beginning balance	$	5,293		$	2,159
New modifications		-			4,643
Payoffs/payments, net and other		(34	)		(989	)
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-
Ending balance	$	5,259		$	5,813
Nonperforming TDRs:
Beginning balance	$	-		$	-
New modifications		-			-
Charge-offs		-			-
Payoffs/payments, net and other		-			-
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-
Ending balance	$	-		$	-
Total TDRs	$	5,259		$	5,813

Summary of Loans Modified as Troubled Debt Restructurings

The following tables summarize loans modified as TDRs for the period presented.

Modifications (1)

For the Three Months Ended March 31, 2022

Number of Loans

Pre-Modification Outstanding Recorded Investment

Post-Modification Outstanding Recorded
Investment

Outstanding Recorded Investment at March 31, 2022

Financial Effect Resulting From Modifications (2)

(Dollars in thousands)

Commercial real estate:

Interest rate reduction

Change in amortization period
or maturity

Commercial and industrial:

Interest rate reduction

Change in amortization period
or maturity

SFR mortgage:

Interest rate reduction

Change in amortization period
or maturity

Total loans


	For the Three Months Ended March 31, 2021
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Outstanding Recorded Investment at March 31, 2021		Financial Effect Resulting From Modifications (2)
	(Dollars in thousands)
Commercial real estate:
Interest rate reduction		-	$	-	$	-	$	-	$	-
Change in amortization period or maturity		-		-		-		-		-
Commercial and industrial:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		2		4,643		4,643		4,443		-
SFR mortgage:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Total loans		2	$	4,643	$	4,643	$	4,443	$	-

(1)

The tables above exclude modified loans that were paid off prior to the end of the period.

Financial effects resulting from modifications represent charge-offs and current allowance for credit losses at modification date.

Earnings Per Share Reconciliation (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	Three Months Ended March 31,
	2022		2021
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	45,560	$	63,893
Less: Net earnings allocated to restricted stock		253		309
Net earnings allocated to common shareholders	$	45,307	$	63,584
Weighted average shares outstanding		144,725		135,175
Basic earnings per common share	$	0.31	$	0.47

Diluted earnings per common share:
Net income allocated to common shareholders	$	45,307	$	63,584
Weighted average shares outstanding		144,725		135,175
Incremental shares from assumed exercise of outstanding options		294		253
Diluted weighted average shares outstanding		145,019		135,428
Diluted earnings per common share	$	0.31	$	0.47

Fair Value Information (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis as of the dates presented.


	Carrying Value at March 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
Mortgage-backed securities	$	3,080,992	$	-	$	3,080,992	$	-
CMO/REMIC		536,997		-		536,997		-
Municipal bonds		28,231		-		28,231		-
Other securities		1,110		-		1,110		-
Total investment securities - AFS		3,647,330		-		3,647,330		-
Interest rate swaps		3,653		-		3,653		-
Total assets	$	3,650,983	$	-	$	3,650,983	$	-
Description of liability
Interest rate swaps	$	3,653	$	-	$	3,653	$	-
Total liabilities	$	3,653	$	-	$	3,653	$	-


	Carrying Value at December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
Mortgage-backed securities	$	2,563,214	$	-	$	2,563,214	$	-
CMO/REMIC		590,158		-		590,158		-
Municipal bonds		29,468		-		29,468		-
Other securities		1,083		-		1,083		-
Total investment securities - AFS		3,183,923		-		3,183,923		-
Interest rate swaps		14,163		-		14,163		-
Total assets	$	3,198,086	$	-	$	3,198,086	$	-
Description of liability
Interest rate swaps	$	14,163	$	-	$	14,163	$	-
Total liabilities	$	14,163	$	-	$	14,163	$	-

Assets and Liabilities Measured at Fair Value on Non-Recurring Basis

the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related assets that had losses during the period. These losses on collateral dependent loans represent the amount of the allowance for credit losses and/or charge-offs during the period applicable to loans held at period-end. The amount of the allowance is included in the ACL.


	Carrying Value at March 31, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Three Months Ended March 31, 2022
	(Dollars in thousands)
Description of assets
Loans:
Commercial real estate	$	3,003	$	-	$	-	$	3,003	$	1,233
Construction		-		-		-		-		-
SBA		355		-		-		355		82
Commercial and industrial		418		-		-		418		98
Dairy & livestock and agribusiness		2,638		-		-		2,638		2,497
Municipal lease finance receivables		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Consumer and other loans		-		-		-		-		1
Other real estate owned		-		-		-		-		-
Asset held-for-sale		-		-		-		-		-
Total assets	$	6,414	$	-	$	-	$	6,414	$	3,911


	Carrying Value at December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Year Ended December 31, 2021
	(Dollars in thousands)
Description of assets
Loans:
Commercial real estate	$	-	$	-	$	-	$	-	$	-
Construction		-		-		-		-		-
SBA		646		-		-		646		255
Commercial and industrial		340		-		-		340		3,275
Dairy & livestock and agribusiness		38		-		-		38		118
Municipal lease finance receivables		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Consumer and other loans		-		-		-		-		11
Other real estate owned		-		-		-		-		-
Asset held-for-sale		-		-		-		-		-
Total assets	$	1,024	$	-	$	-	$	1,024	$	3,659

Estimated Fair Value of Financial Instruments


	March 31, 2022
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	1,653,039	$	1,653,039	$	-	$	-	$	1,653,039
Interest-earning balances due from depository institutions		6,859		-		6,859		-		6,859
Investment securities available-for-sale		3,647,330		-		3,647,330		-		3,647,330
Investment securities held-to-maturity		2,362,741		-		2,203,144		-		2,203,144
Total loans, net of allowance for credit losses		8,515,565		-		-		8,513,262		8,513,262
Swaps		3,653		-		3,653		-		3,653
Liabilities
Deposits:
Interest-bearing	$	5,380,474	$	-	$	5,380,814	$	-	$	5,380,814
Borrowings		598,909		-		604,700		-		604,700
Junior subordinated debentures		-		-		-		-		-
Swaps		3,653		-		3,653		-		3,653


	December 31, 2021
	Carrying		Estimated Fair Value
	Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	1,732,548	$	1,732,548	$	-	$	-	$	1,732,548
Interest-earning balances due from depository institutions		25,999		-		25,999		-		25,999
Investment securities available-for-sale		3,183,923		-		3,183,923		-		3,183,923
Investment securities held-to-maturity		1,925,970		-		1,921,693		-		1,921,693
Total loans, net of allowance for credit losses		7,822,694		-		-		7,696,210		7,696,210
Swaps		14,163		-		14,163		-		14,163
Liabilities
Deposits:
Interest-bearing	$	4,872,386	$	-	$	4,871,531	$	-	$	4,871,531
Borrowings		644,669		-		586,645		-		586,645
Junior subordinated debentures		-		-		-		-		-
Swaps		14,163		-		14,163		-		14,163

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

The location of the asset and liability, and their respective fair values, are summarized in the tables below.

March 31, 2022

Asset Derivatives

Liability Derivatives

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

3,653

Other liabilities

3,653

Total derivatives

3,653

December 31, 2021

Asset Derivatives

Liability Derivatives

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

14,163

Other liabilities

14,163

Total derivatives

14,163

Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the condensed consolidated statements of earnings for the periods presented.


Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivative Instruments	Amount of Gain Recognized in Income on Derivative Instruments
		Three Months Ended March 31,
		2022		2021
		(Dollars in thousands)
Interest rate swaps	Other income	$	-	$	215
Total		$	-	$	215

Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Summary of Components of Other Comprehensive Income

The table below provides a summary of the components of other comprehensive income (“OCI”) for the periods presented.


	Three Months Ended March 31,
	2022									2021
	Before-tax			Tax effect			After-tax			Before-tax			Tax effect			After-tax
	(Dollars in thousands)
Investment securities:
Net change in fair value recorded in accumulated OCI	$	(202,072	)	$	59,740		$	(142,332	)	$	(40,391	)	$	11,941		$	(28,450	)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity		54			(16	)		38			81			(24	)		57
Net change	$	(202,018	)	$	59,724		$	(142,294	)	$	(40,310	)	$	11,917		$	(28,393	)

Balance Sheet Offsetting (Tables)

3 Months Ended

Mar. 31, 2022

Text Block [Abstract]

Schedule of Balance Sheet Offsetting


	Gross Amounts Recognized in the Condensed		Gross Amounts Offset in the Condensed			Net Amounts Presented in the Condensed		Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Consolidated Balance Sheets		Consolidated Balance Sheets			Consolidated Balance Sheets		Financial Instruments		Collateral Pledged			Net Amount
	(Dollars in thousands)
March 31, 2022
Financial assets:
Derivatives not designated as hedging instruments	$	3,653	$	-		$	-	$	3,653	$	-		$	3,653
Total	$	3,653	$	-		$	-	$	3,653	$	-		$	3,653

Financial liabilities:
Derivatives not designated as hedging instruments	$	29,694	$	(26,041	)	$	3,653	$	26,041	$	(16,807	)	$	12,887
Repurchase agreements		598,909		-			598,909		-		(833,418	)		(234,509	)
Total	$	628,603	$	(26,041	)	$	602,562	$	26,041	$	(850,225	)	$	(221,622	)


December 31, 2021
Financial assets:
Derivatives not designated as hedging instruments	$	14,163	$	-		$	-	$	14,163	$	-		$	14,163
Total	$	14,163	$	-		$	-	$	14,163	$	-		$	14,163

Financial liabilities:
Derivatives not designated as hedging instruments	$	23,502	$	(9,339	)	$	14,163	$	9,339	$	(37,285	)	$	(13,783	)
Repurchase agreements		642,388		-			642,388		-		(683,923	)		(41,535	)
Total	$	665,890	$	(9,339	)	$	656,551	$	9,339	$	(721,208	)	$	(55,318	)

Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Components of lease costs and supplemental information related to leases

The tables below present the components of lease costs and supplemental information related to leases as of and for the periods presented.


	March 31, 2022		December 31, 2021
	(Dollars in thousands)
Lease Assets and Liabilities
ROU assets	$	21,849	$	19,274
Total lease liabilities		23,428		20,864


	Three Months Ended March 31,
	2022		2021

Lease Cost
Operating lease expense (1)	$	1,846	$	1,662
Sublease income		-		-
Total lease expense	$	1,846	$	1,662

(1)

Includes short-term leases and variable lease costs, which are immaterial.


Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases, net	$	1,851	$	1,819


	March 31, 2022			December 31, 2021
Lease Term and Discount Rate
Weighted average remaining lease term (years)		4.30			4.26
Weighted average discount rate		2.36	%		2.41	%

Future lease payments required for leases that have initial or remaining non-cancelable lease terms

The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of March 31, 2022, excluding property taxes and insurance, are as follows:


	March 31, 2022
	(Dollars in thousands)
Year:
2022 (excluding the three months ended March 31, 2022)	$	5,440
2023		5,914
2024		4,706
2025		3,931
2026		2,665
Thereafter		1,964
Total future lease payments		24,620
Less: Imputed interest		(1,192	)
Present value of lease liabilities	$	23,428

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Non Interest Income, Segregated by Revenue Streams in-Scope and Out-of-Scope of Topic 606


	Three Months Ended March 31,
	2022		2021
	(Dollars in thousands)
Noninterest income:
In-scope of Topic 606:
Service charges on deposit accounts	$	5,059	$	3,985
Trust and investment services		2,822		2,611
Bankcard services		416		350
Gain on OREO, net		-		429
Other		1,618		1,682
Noninterest Income (in-scope of Topic 606)		9,915		9,057
Noninterest Income (out-of-scope of Topic 606)		1,349		4,624
Total noninterest income	$	11,264	$	13,681

Business - Additional Information (Detail) $ in Thousands	Mar. 31, 2022 USD ($) Location Subsidiary	Jan. 07, 2022 USD ($)	Dec. 31, 2021 USD ($)
Schedule Of Description Of Company [Line Items]
Number of inactive subsidiaries \| Subsidiary	1
Bank operated banking centers \| Location	65
Bank operated trust office locations, number \| Location	3
Total assets	$ 17,539,137		$ 15,883,697
Bank owned life insurance (BOLI)	259,254		251,570
Goodwill	765,822		$ 663,707
Suncrest Bank [Member]
Schedule Of Description Of Company [Line Items]
Total assets		$ 1,380,000
Acquired net loans at fair value	765,900	765,900
Bank owned life insurance (BOLI)	9,000	9,000
Goodwill	102,100
Deposit premium	3,900
Cash consideration	39,600	39,600
Fair value of acquired investment securities	$ 131,100	$ 131,100

Business combination (Additional Information) (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 07, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Common stock, shares issued		141,626,059		135,526,025
Total assets		$ 17,539,137		$ 15,883,697
Cash and cash equivalents		1,653,039		1,732,548
Premises and equipment		53,435		49,096
Bank owned life insurance (BOLI)		259,254		251,570
Other assets		108,823		118,301
Other assets acquisition	$ 197,100
Goodwill		765,822		663,707
Fair value of liabilities assumed		257,979	$ 80,973
Noninterest-bearing deposits		9,107,304		8,104,056
Interest-bearing deposits		5,380,474		$ 4,872,386
Suncrest Bank [Member]
Business Acquisition [Line Items]
Cash consideration	39,600	39,600
Total assets	1,380,000
Cash and cash equivalents	329,000
Fair value of acquired investment securities	131,100	131,100
Acquired net loans at fair value	765,900	765,900
Premises and equipment	6,100
Bank owned life insurance (BOLI)	9,000	9,000
Other assets	33,700
Loans recorded at a fair value	224,700
Loans net of a discount	13,100
Loans credit discount	8,600
Deposit premium		3,900
Goodwill		102,100
Fair value of liabilities assumed	1,190,000
Noninterest-bearing deposits	512,800
Interest-bearing deposits	669,800
Other liabilities	6,200
Non-recurring merger related expenses		$ 5,600
Suncrest Bank [Member] \| Core Deposits [Member]
Business Acquisition [Line Items]
Deposit premium	3,900
Goodwill	$ 102,100

Investment Securities - Summary of Amortized Cost and Estimated Fair Value of Investment Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 3,850,724	$ 3,185,249
Gross Unrealized Holding Gain, Available-for-sale	4,256	28,562
Gross Unrealized Holding Loss, Available-for-sale	(207,650)	(29,888)
Investment securities available-for-sale	$ 3,647,330	$ 3,183,923
Total Percent, Available-for-sale	100.00%	100.00%
Amortized Cost, Held-to-maturity	$ 2,362,741	$ 1,925,970
Gross Unrealized Holding Gain, Held-to-maturity	1,707	15,326
Gross Unrealized Holding Loss, Held-to-maturity	(161,304)	(19,603)
Fair Value, Held-to-maturity	$ 2,203,144	$ 1,921,693
Total Percent, Held-to-maturity	100.00%	100.00%
CMO/REMIC [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 578,213	$ 602,555
Gross Unrealized Holding Gain, Available-for-sale	65	1,586
Gross Unrealized Holding Loss, Available-for-sale	(41,281)	(13,983)
Investment securities available-for-sale	$ 536,997	$ 590,158
Total Percent, Available-for-sale	14.72%	18.53%
Amortized Cost, Held-to-maturity	$ 818,279	$ 490,670
Gross Unrealized Holding Gain, Held-to-maturity	0	596
Gross Unrealized Holding Loss, Held-to-maturity	(44,778)	(5,030)
Fair Value, Held-to-maturity	$ 773,501	$ 486,236
Total Percent, Held-to-maturity	34.63%	25.48%
Government Agency/GSE [Member]
Schedule of Investments [Line Items]
Amortized Cost, Held-to-maturity	$ 570,332	$ 576,899
Gross Unrealized Holding Gain, Held-to-maturity	722	5,907
Gross Unrealized Holding Loss, Held-to-maturity	(52,738)	(7,312)
Fair Value, Held-to-maturity	$ 518,316	$ 575,494
Total Percent, Held-to-maturity	24.14%	29.95%
Mortgage-backed Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 3,243,037	$ 2,553,246
Gross Unrealized Holding Gain, Available-for-sale	3,973	25,873
Gross Unrealized Holding Loss, Available-for-sale	(166,018)	(15,905)
Investment securities available-for-sale	$ 3,080,992	$ 2,563,214
Total Percent, Available-for-sale	84.47%	80.50%
Amortized Cost, Held-to-maturity	$ 632,012	$ 647,390
Gross Unrealized Holding Gain, Held-to-maturity	227	4,109
Gross Unrealized Holding Loss, Held-to-maturity	(43,928)	(6,106)
Fair Value, Held-to-maturity	$ 588,311	$ 645,393
Total Percent, Held-to-maturity	26.75%	33.61%
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 28,364	$ 28,365
Gross Unrealized Holding Gain, Available-for-sale	218	1,103
Gross Unrealized Holding Loss, Available-for-sale	(351)	0
Investment securities available-for-sale	$ 28,231	$ 29,468
Total Percent, Available-for-sale	0.77%	0.93%
Amortized Cost, Held-to-maturity	$ 342,118	$ 211,011
Gross Unrealized Holding Gain, Held-to-maturity	758	4,714
Gross Unrealized Holding Loss, Held-to-maturity	(19,860)	(1,155)
Fair Value, Held-to-maturity	$ 323,016	$ 214,570
Total Percent, Held-to-maturity	14.48%	10.96%
Other Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 1,110	$ 1,083
Gross Unrealized Holding Gain, Available-for-sale	0	0
Gross Unrealized Holding Loss, Available-for-sale	0	0
Investment securities available-for-sale	$ 1,110	$ 1,083
Total Percent, Available-for-sale	0.04%	0.04%

Investment Securities - Summary of Interest Income Earned on Investment Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Investment Income [Line Items]
Investment securities available-for-sale	$ 12,832	$ 9,159
Total interest income from held-to-maturity securities	10,663	3,940
Total investment income	23,495	13,099
Investment securities available-for-sale [Member]
Net Investment Income [Line Items]
Taxable	12,649	8,968
Tax-advantaged	183	191
Investment securities available-for-sale	12,832	9,159
Investment securities held-to-maturity [Member]
Net Investment Income [Line Items]
Taxable	9,105	2,811
Tax-advantaged	1,558	1,129
Total interest income from held-to-maturity securities	$ 10,663	$ 3,940

Investment Securities - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Credit-related impairment loss on investment securities held-to-maturity	$ 0	$ 0
Allowance for credit losses for securities in unrealized loss position	0	0
Investment securities pledged as collateral	2,530,000,000	$ 2,180,000,000
Investment in FHLB stock, impairment losses	$ 0
Debt securities weighted average remaining contractual maturity term	23 years
United States [Member]
Debt Securities, Available-for-sale [Line Items]
Securities issued by U.S. government percentage	94.00%

Investment Securities - Summary of Continuous Unrealized Loss Position of Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	$ 1,759,583	$ 1,916,040
Gross Unrealized Holding Loss, Less than 12 Months, Available-for-sale	103,988	26,614
Fair Value, 12 Months or Longer, Available-for-sale	1,183,337	97,989
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	103,662	3,274
Fair Value, Available-for-sale	2,942,920	2,014,029
Gross Unrealized Holding Losses, Available-for-sale	207,650	29,888
Fair Value, Less Than 12 Months, Held-to-maturity	1,755,434
Gross Unrealized Holding Loss, Less than 12 Months, Held-to-maturity	122,378
Fair Value, 12 Months or Longer, Held-to-maturity	305,694
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	38,926
Fair Value, Held-to-maturity	2,061,128
Gross Unrealized Holding Losses, Held-to-maturity	161,304
CMO/REMIC [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	192,973	450,393
Gross Unrealized Holding Loss, Less than 12 Months, Available-for-sale	10,983	11,515
Fair Value, 12 Months or Longer, Available-for-sale	331,988	53,745
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	30,298	2,468
Fair Value, Available-for-sale	524,961	504,138
Gross Unrealized Holding Losses, Available-for-sale	41,281	13,983
Fair Value, Less Than 12 Months, Held-to-maturity	773,501
Gross Unrealized Holding Loss, Less than 12 Months, Held-to-maturity	44,778
Fair Value, 12 Months or Longer, Held-to-maturity	0
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	0
Fair Value, Held-to-maturity	773,501
Gross Unrealized Holding Losses, Held-to-maturity	44,778
Government Agency/GSE [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Held-to-maturity	242,300
Gross Unrealized Holding Loss, Less than 12 Months, Held-to-maturity	21,492
Fair Value, 12 Months or Longer, Held-to-maturity	242,589
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	31,246
Fair Value, Held-to-maturity	484,889
Gross Unrealized Holding Losses, Held-to-maturity	52,738
Mortgage-backed Securities [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	1,551,620	1,465,647
Gross Unrealized Holding Loss, Less than 12 Months, Available-for-sale	92,654	15,099
Fair Value, 12 Months or Longer, Available-for-sale	851,349	44,244
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	73,364	806
Fair Value, Available-for-sale	2,402,969	1,509,891
Gross Unrealized Holding Losses, Available-for-sale	166,018	15,905
Fair Value, Less Than 12 Months, Held-to-maturity	560,752
Gross Unrealized Holding Loss, Less than 12 Months, Held-to-maturity	43,438
Fair Value, 12 Months or Longer, Held-to-maturity	4,518
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	490
Fair Value, Held-to-maturity	565,270
Gross Unrealized Holding Losses, Held-to-maturity	43,928
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	14,990	0
Gross Unrealized Holding Loss, Less than 12 Months, Available-for-sale	351	0
Fair Value, 12 Months or Longer, Available-for-sale	0	0
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	0	0
Fair Value, Available-for-sale	14,990	0
Gross Unrealized Holding Losses, Available-for-sale	351	$ 0
Fair Value, Less Than 12 Months, Held-to-maturity	178,881
Gross Unrealized Holding Loss, Less than 12 Months, Held-to-maturity	12,670
Fair Value, 12 Months or Longer, Held-to-maturity	58,587
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	7,190
Fair Value, Held-to-maturity	237,468
Gross Unrealized Holding Losses, Held-to-maturity	$ 19,860

Investment Securities - Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost, Held-to-maturity	$ 9,188
Due after one year through five years, Amortized Cost, Held-to-maturity	628,543
Due after five years through ten years, Amortized Cost, Held-to-maturity	537,429
Due after ten years, Amortized Cost, Held-to-maturity	1,187,581
Total Held-to-maturity, Debt Maturities, Amortized Cost Basis	2,362,741
Due in one year or less, Fair Value, Held-to-maturity	9,044
Due after one year through five years, Fair Value, Held-to-maturity	601,064
Due after five years through ten years, Fair Value, Held-to-maturity	503,542
Due after ten years, Fair Value, Held-to-maturity	1,089,494
Total, Held-to-maturity, Fair Value	2,203,144
Due in one year or less, Amortized Cost, Available-for-sale	14,945
Due after one year through five years, Amortized Cost, Available-for-sale	1,270,685
Due after five years through ten years, Amortized Cost, Available-for-sale	1,904,250
Due after ten years, Amortized Cost, Available-for-sale	660,844
Amortized Cost, Available-for-sale	3,850,724	$ 3,185,249
Due in one year or less, Fair Value, Available-for-sale	14,963
Due after one year through five years, Fair Value, Available-for-sale	1,220,048
Due after five years through ten years, Fair Value, Available-for-sale	1,782,675
Due after ten years, Fair Value, Available-for-sale	629,644
Total Available-for-sale Securities, Debt Maturities, Available-for-sale, Fair Value	$ 3,647,330	$ 3,183,923

Loans and Lease Finance Receivables and Allowance for Credit Losses - Additional Information (Detail)		3 Months Ended		12 Months Ended
	Jan. 07, 2022 USD ($)	Mar. 31, 2022 USD ($) Loan	Mar. 31, 2021 USD ($) Loan	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secure borrowings and available lines of credit from FHLB and Federal Reserve Bank		$ 4,090,000,000.00					$ 3,960,000,000
Loans held-for-sale		0					0
Impaired, at carrying value		5,300,000
Allowance for Credit Losses	$ (4,900,000)	(76,100,000)					(65,000,000.0)
Net charge-offs		5,000	$ 2,400,000
Reserve for credit risk for undisbursed commitments		8,000,000.0					8,000,000.0
Allocation of allowance to troubled debt restructuring		0					$ 0
Increase in reserve for unfunded loan commitments		0	$ 0
Allowance For Credit Losses Increase Decrease		11,100,000
Provision For Credit Losses		$ 2,500,000
Recapture of provision for credit losses	2,400,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts \| Loan		0	0
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)		0.90%					0.84%
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)		0.89%					0.82%
GDP [Member] \| Forecast [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Increase Decrease In Macro Economic Factors				3.00%	1.30%	2.60%
Unemployment [Member] \| Forecast [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of Increase Decrease In Macro Economic Factors				4.70%	5.20%	4.30%
Suncrest Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
PCD Loans	8,600,000	$ 8,600,000
Provision For Credit Losses	$ 2,500,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)		79.14%
Notes receivable gross		$ 6,470,841,000					$ 5,789,730,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)		75.32%
Performing Financing Receivable [Member] \| Single-family Residential Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured		$ 1,000,000.0
Performing Financing Receivable [Member] \| Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured		1,900,000
Performing Financing Receivable [Member] \| Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured		2,400,000
Loans, Excluding PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross		292,800,000					386,200,000
Allowance for Credit Losses		(121,200,000)
Loans, Excluding PCI Loans [Member] \| Dairy & Livestock Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross		241,700,000					351,700,000
Loans, Excluding PCI Loans [Member] \| Agribusiness Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross		$ 51,100,000					$ 34,500,000
Loans, Excluding PCI Loans [Member] \| Loans Secured by Farmland [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)		7.80%					6.29%
Notes receivable gross		$ 504,500,000					$ 364,400,000
Loans, Excluding PCI Loans [Member] \| Loans Secured by Farmland [Member] \| Loans Secured by Dairy & Livestock Land [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross		134,500,000					134,900,000
Loans, Excluding PCI Loans [Member] \| Loans Secured by Farmland [Member] \| Loans Secured by Agricultural Land [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross		$ 370,000,000.0					$ 229,500,000

Loans and Lease Finance Receivables and Allowance for Credit Losses - Summary of Components of Loans and Lease Finance Receivables, Including PCI Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Construction	$ 73,478	$ 62,264
Total loans	8,591,684	7,887,713
Less: Allowance for credit losses	(76,119)	(65,019)	$ (71,805)	$ (93,692)
Net loans and lease finance receivables	8,515,565	7,822,694
Commercial And Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	924,780	813,063
Total loans	924,780	813,063
SBA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	311,238	288,600
Total loans	311,238	288,600
SBA - Paycheck Protection Program (PPP) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	121,189	186,585
Total loans	121,189	186,585
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	6,470,841	5,789,730
SFR mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	255,136	240,654
Total loans	255,136	240,654
Dairy And Livestock And Agribusiness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	292,784	386,219
Total loans	292,784	386,219
Municipal Lease Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	65,543	45,933
Total loans	65,543	45,933
Less: Allowance for credit losses	(152)	(100)	$ (35)	$ (74)
Consumer and other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	76,695	74,665
Total loans	$ 76,695	$ 74,665

Loans and Lease Finance Receivables and Allowance for Credit Losses - Summary of loans by type and origination year, according to our internal risk ratings (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
2022	$ 423,360	$ 1,620,118
2021	1,712,119	1,183,367
2020	1,285,302	798,755
2019	846,207	677,205
2018	737,496	638,690
Prior	2,650,718	2,001,549
Revolving loans amortized cost basis	873,855	904,441
Revolving loans converted to term loans	62,627	63,588
Total	8,591,684	7,887,713
Commercial real estate loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	310,245	1,140,847
2021	1,276,308	984,337
2020	1,062,243	608,538
2019	663,980	557,498
2018	612,528	532,629
Prior	2,296,106	1,755,641
Revolving loans amortized cost basis	209,412	169,762
Revolving loans converted to term loans	40,019	40,478
Total	6,470,841	5,789,730
Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	3,150	10,511
2021	20,766	15,896
2020	24,308	7,236
2019	0	3,359
2018	5,171	0
Prior	0	0
Revolving loans amortized cost basis	20,083	25,262
Revolving loans converted to term loans	0	0
Total	73,478	62,264
SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	29,451	70,929
2021	65,744	36,468
2020	37,879	11,129
2019	13,222	36,853
2018	33,522	46,652
Prior	131,219	86,569
Revolving loans amortized cost basis	201	0
Revolving loans converted to term loans	0	0
Total	311,238	288,600
SBA - Paycheck Protection Program (PPP) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	183,614
2021	113,320	2,971
2020	7,869	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	121,189	186,585
Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	44,239	147,294
2021	165,583	83,879
2020	92,633	127,376
2019	122,880	57,798
2018	59,465	33,354
Prior	113,542	74,101
Revolving loans amortized cost basis	316,489	279,019
Revolving loans converted to term loans	9,949	10,242
Total	924,780	813,063
Dairy And Livestock And Agribusiness [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	749	2,808
2021	4,012	942
2020	3,138	1,285
2019	1,175	1,072
2018	2,934	95
Prior	2,232	295
Revolving loans amortized cost basis	270,813	371,291
Revolving loans converted to term loans	7,731	8,431
Total	292,784	386,219
Municipal Lease Finance Receivables [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	9,310
2021	13,087	7,666
2020	7,416	0
2019	4,417	279
2018	5,196	9,528
Prior	35,427	19,150
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	65,543	45,933
SFR mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	29,913	48,821
2021	48,149	49,261
2020	48,027	41,776
2019	39,231	19,877
2018	18,257	16,046
Prior	70,705	64,017
Revolving loans amortized cost basis	451	451
Revolving loans converted to term loans	403	405
Total	255,136	240,654
Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	5,613	5,984
2021	5,150	1,947
2020	1,789	1,415
2019	1,302	469
2018	423	386
Prior	1,487	1,776
Revolving loans amortized cost basis	56,406	58,656
Revolving loans converted to term loans	4,525	4,032
Total	76,695	74,665
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	422,849	1,613,286
2021	1,698,664	1,160,790
2020	1,253,006	780,690
2019	827,483	646,886
2018	695,279	581,735
Prior	2,530,706	1,939,076
Revolving loans amortized cost basis	851,254	872,585
Revolving loans converted to term loans	44,971	44,388
Total	8,324,212	7,639,436
Pass [Member] \| Commercial real estate loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	309,734	1,137,714
2021	1,266,416	963,697
2020	1,034,822	591,202
2019	650,330	534,468
2018	584,265	484,721
Prior	2,195,297	1,704,267
Revolving loans amortized cost basis	203,627	156,841
Revolving loans converted to term loans	34,407	33,564
Total	6,278,898	5,606,474
Pass [Member] \| Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	3,150	10,511
2021	20,766	15,896
2020	24,308	7,236
2019	0	0
2018	1,389	0
Prior	0	0
Revolving loans amortized cost basis	20,083	25,262
Revolving loans converted to term loans	0	0
Total	69,696	58,905
Pass [Member] \| SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	29,451	70,929
2021	65,744	36,468
2020	36,025	11,129
2019	11,881	36,068
2018	31,312	38,504
Prior	116,138	78,527
Revolving loans amortized cost basis	201	0
Revolving loans converted to term loans	0	0
Total	290,752	271,625
Pass [Member] \| SBA - Paycheck Protection Program (PPP) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	183,614
2021	112,623	2,969
2020	7,867	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	120,490	186,583
Pass [Member] \| Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	44,239	145,494
2021	163,488	81,944
2020	90,575	126,647
2019	119,147	54,690
2018	53,297	32,455
Prior	112,214	73,600
Revolving loans amortized cost basis	307,641	267,659
Revolving loans converted to term loans	6,954	6,992
Total	897,555	789,481
Pass [Member] \| Dairy And Livestock And Agribusiness [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	749	1,756
2021	4,012	942
2020	3,138	1,285
2019	1,175	1,035
2018	1,140	95
Prior	1,334	295
Revolving loans amortized cost basis	263,440	364,312
Revolving loans converted to term loans	399	454
Total	275,387	370,174
Pass [Member] \| Municipal Lease Finance Receivables [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	9,310
2021	13,087	7,666
2020	7,416	0
2019	4,417	279
2018	5,196	9,528
Prior	34,896	18,811
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	65,012	45,594
Pass [Member] \| SFR mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	29,913	48,813
2021	48,149	49,261
2020	47,066	41,776
2019	39,231	19,877
2018	18,257	16,046
Prior	69,355	61,965
Revolving loans amortized cost basis	451	451
Revolving loans converted to term loans	0	0
Total	252,422	238,189
Pass [Member] \| Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	5,613	5,145
2021	4,379	1,947
2020	1,789	1,415
2019	1,302	469
2018	423	386
Prior	1,472	1,611
Revolving loans amortized cost basis	55,811	58,060
Revolving loans converted to term loans	3,211	3,378
Total	74,000	72,411
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	511	6,588
2021	9,550	22,569
2020	31,735	14,604
2019	17,951	20,852
2018	28,291	47,712
Prior	92,518	47,260
Revolving loans amortized cost basis	15,160	23,909
Revolving loans converted to term loans	7,648	8,681
Total	203,364	192,175
Special Mention [Member] \| Commercial real estate loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	511	3,133
2021	6,368	20,640
2020	26,868	14,477
2019	13,203	16,097
2018	21,280	43,262
Prior	86,656	44,045
Revolving loans amortized cost basis	3,285	6,970
Revolving loans converted to term loans	5,500	6,800
Total	163,671	155,424
Special Mention [Member] \| Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	3,359
2018	3,782	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	3,782	3,359
Special Mention [Member] \| SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	1,854	0
2019	1,341	0
2018	1,442	4,056
Prior	5,224	2,700
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	9,861	6,756
Special Mention [Member] \| SBA - Paycheck Protection Program (PPP) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022		0
2021	562	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	562	0
Special Mention [Member] \| Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	1,556
2021	1,849	1,929
2020	2,052	127
2019	3,407	1,396
2018	1,787	394
Prior	299	26
Revolving loans amortized cost basis	7,338	9,369
Revolving loans converted to term loans	463	177
Total	17,195	14,974
Special Mention [Member] \| Dairy And Livestock And Agribusiness [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	1,052
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	3,947	6,979
Revolving loans converted to term loans	1,283	1,301
Total	5,230	9,332
Special Mention [Member] \| Municipal Lease Finance Receivables [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	339	339
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	339	339
Special Mention [Member] \| SFR mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	8
2021	0	0
2020	961	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	961	8
Special Mention [Member] \| Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	839
2021	771	0
2020		0
2019	0	0
2018	0	0
Prior	0	150
Revolving loans amortized cost basis	590	591
Revolving loans converted to term loans	402	403
Total	1,763	1,983
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022		244
2021	3,905	8
2020	561	3,461
2019	773	9,467
2018	13,926	9,243
Prior	27,494	15,213
Revolving loans amortized cost basis	7,441	7,947
Revolving loans converted to term loans	10,008	10,519
Total	64,108	56,102
Substandard [Member] \| Commercial real estate loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	3,524	0
2020	553	2,859
2019	447	6,933
2018	6,983	4,646
Prior	14,153	7,329
Revolving loans amortized cost basis	2,500	5,951
Revolving loans converted to term loans	112	114
Total	28,272	27,832
Substandard [Member] \| Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Substandard [Member] \| SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	785
2018	768	4,092
Prior	9,857	5,342
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	10,625	10,219
Substandard [Member] \| SBA - Paycheck Protection Program (PPP) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	135	2
2020	2	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	137	2
Substandard [Member] \| Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	244
2021	246	6
2020	6	602
2019	326	1,712
2018	4,381	505
Prior	1,029	475
Revolving loans amortized cost basis	1,510	1,991
Revolving loans converted to term loans	2,532	3,073
Total	10,030	8,608
Substandard [Member] \| Dairy And Livestock And Agribusiness [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	37
2018	1,794	0
Prior	898	0
Revolving loans amortized cost basis	3,426	0
Revolving loans converted to term loans	6,049	6,676
Total	12,167	6,713
Substandard [Member] \| Municipal Lease Finance Receivables [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	192	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	192	0
Substandard [Member] \| SFR mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	1,350	2,052
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	403	405
Total	1,753	2,457
Substandard [Member] \| Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	15	15
Revolving loans amortized cost basis	5	5
Revolving loans converted to term loans	912	251
Total	932	271
Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| Commercial real estate loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| SBA [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| SBA - Paycheck Protection Program (PPP) [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| Commercial And Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| Dairy And Livestock And Agribusiness [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| Municipal Lease Finance Receivables [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| SFR mortgage [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	0	0
Doubtful [Member] \| Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0	0
2021	0	0
2020	0	0
2019	0	0
2018	0	0
Prior	0	0
Revolving loans amortized cost basis	0	0
Revolving loans converted to term loans	0	0
Total	$ 0	$ 0

Loans and Lease Finance Receivables and Allowance for Credit Losses - Schedule of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans by Type (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	$ 65,019	$ 93,692
Charge-offs	(16)	(2,475)
Recoveries	11	88
Initial ACL for PCD Loans at Acquisition	8,605
Provision Recorded at Acquisition	4,932
Provision for (Recapture of) Credit Losses	(2,432)	(19,500)
Ending Balance	76,119	71,805
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	50,950	75,439
Charge-offs	0	0
Recoveries	0	0
Initial ACL for PCD Loans at Acquisition	5,086
Provision Recorded at Acquisition	4,127
Provision for (Recapture of) Credit Losses	(2,328)	(18,867)
Ending Balance	57,835	56,572
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	765	1,934
Charge-offs	0	0
Recoveries	3	3
Initial ACL for PCD Loans at Acquisition	122
Provision Recorded at Acquisition	58
Provision for (Recapture of) Credit Losses	40	(59)
Ending Balance	988	1,878
Small Business Administration [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	2,668	2,992
Charge-offs	0	0
Recoveries	5	4
Initial ACL for PCD Loans at Acquisition	62
Provision Recorded at Acquisition	64
Provision for (Recapture of) Credit Losses	25	(484)
Ending Balance	2,824	2,512
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	6,669	7,142
Charge-offs	(15)	(2,475)
Recoveries	3	2
Initial ACL for PCD Loans at Acquisition	500
Provision Recorded at Acquisition	508
Provision for (Recapture of) Credit Losses	(834)	1,770
Ending Balance	6,831	6,439
Dairy & Livestock and Agribusiness [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	3,066	3,949
Charge-offs	0	0
Recoveries	0	0
Initial ACL for PCD Loans at Acquisition	2,832
Provision Recorded at Acquisition	149
Provision for (Recapture of) Credit Losses	656	(1,227)
Ending Balance	6,703	2,722
Municipal Lease Finance Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	100	74
Charge-offs	0	0
Recoveries	0	0
Initial ACL for PCD Loans at Acquisition	3
Provision Recorded at Acquisition	26
Provision for (Recapture of) Credit Losses	23	(39)
Ending Balance	152	35
SFR Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	188	367
Charge-offs	0	0
Recoveries	0	79
Initial ACL for PCD Loans at Acquisition	0
Provision Recorded at Acquisition
Provision for (Recapture of) Credit Losses	39	(148)
Ending Balance	227	298
Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	613	1,795
Charge-offs	(1)	0
Recoveries	0	0
Initial ACL for PCD Loans at Acquisition	0
Provision Recorded at Acquisition
Provision for (Recapture of) Credit Losses	(53)	(446)
Ending Balance	$ 559	$ 1,349

Loans and Lease Finance Receivables and Allowance for Credit Losses - Schedule of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Including PCI Loans by Class of Loans (Detail) - USD ($)

Mar. 31, 2022

Dec. 31, 2021

Accounts, Notes, Loans and Financing Receivable [Line Items]

Loans and Lease Finance Receivables and Allowance for Credit Losses - Summary of Recorded Investment in Collateral-Dependent loans (Detail) $ in Thousands	Mar. 31, 2022 USD ($) Collateral	Dec. 31, 2021 USD ($) Collateral
Financing Receivable, Modifications [Line Items]
Real Estate	$ 13,298	$ 7,632
Business Assets	5,955	5,650
Other	$ 2,965	$ 208
Number of Loans Dependent on Collateral \| Collateral	55	39
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 11,967	$ 6,001
Business Assets	0	0
Other	$ 0	$ 0
Number of Loans Dependent on Collateral \| Collateral	14	6
Construction [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 0	$ 0
Business Assets	0	0
Other	$ 0	$ 0
Number of Loans Dependent on Collateral \| Collateral		0
Small Business Administration [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 398	$ 405
Business Assets	1,177	517
Other	$ 0	$ 112
Number of Loans Dependent on Collateral \| Collateral	11	10
SBA - Paycheck Protection Program (PPP) [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 0	$ 0
Business Assets	0	0
Other	$ 0	$ 0
Number of Loans Dependent on Collateral \| Collateral		0
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 594	$ 688
Business Assets	4,761	5,133
Other	$ 94	$ 96
Number of Loans Dependent on Collateral \| Collateral	19	19
Dairy & Livestock and Agribusiness [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 131	$ 0
Business Assets	17	0
Other	$ 2,867	$ 0
Number of Loans Dependent on Collateral \| Collateral	8	0
Municipal Lease Finance Receivables [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 0	$ 0
Business Assets	0	0
Other	$ 0	$ 0
Number of Loans Dependent on Collateral \| Collateral		0
SFR Mortgage [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 168	$ 380
Business Assets	0	0
Other	$ 0	$ 0
Number of Loans Dependent on Collateral \| Collateral	1	2
Consumer and Other Loans [Member]
Financing Receivable, Modifications [Line Items]
Real Estate	$ 40	$ 158
Business Assets	0	0
Other	$ 4	$ 0
Number of Loans Dependent on Collateral \| Collateral	2	2

Loans and Lease Finance Receivables and Allowance for Credit Losses - Summary of Activity Related to Troubled Debt Restructurings (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Performing TDRs [Member]
Financing Receivable, Modifications [Line Items]
Beginning balance	$ 5,293	$ 2,159
New modifications	0	4,643
Payoffs/payments, net and other	(34)	(989)
TDRs returned to accrual status	0	0
TDRs placed on nonaccrual status	0	0
Ending balance	5,259	5,813
Nonperforming TDRs [Member]
Financing Receivable, Modifications [Line Items]
Beginning balance	0	0
New modifications	0	0
Charge-offs	0	0
Payoffs/payments, net and other	0	0
TDRs placed on nonaccrual status	0	0
Ending balance	0	0
Total TDRs	$ 5,259	$ 5,813

Earnings Per Share Reconciliation - Schedule of Earnings Per Common Share Reconciliation (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings per common share:
Net earnings	$ 45,560	$ 63,893
Less: Net earnings allocated to restricted stock	253	309
Net earnings allocated to common shareholders	$ 45,307	$ 63,584
Weighted average shares outstanding	144,725	135,175
Basic earnings per common share	$ 0.31	$ 0.47
Diluted earnings per common share:
Net income allocated to common shareholders	$ 45,307	$ 63,584
Weighted average shares outstanding	144,725	135,175
Incremental shares from assumed exercise of outstanding options	294	253
Diluted weighted average shares outstanding	145,019	135,428
Diluted earnings per common share	$ 0.31	$ 0.47

Fair Value Information - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 3,647,330	$ 3,183,923
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	602,562	656,551
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	28,231	29,468
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	0	0
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,647,330	3,183,923
Interest rate swaps, assets	3,653	14,163
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Fair Value on Recurring Basis [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Fair Value on Recurring Basis [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	3,650,983	3,198,086
Total liabilities	3,653	14,163
Fair Value on Recurring Basis [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Fair Value on Recurring Basis [Member] \| Municipal Bonds [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Municipal Bonds [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	28,231	29,468
Fair Value on Recurring Basis [Member] \| Municipal Bonds [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Residential Mortgage-backed Securities [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Residential Mortgage-backed Securities [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,080,992	2,563,214
Fair Value on Recurring Basis [Member] \| Residential Mortgage-backed Securities [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| CMO/REMIC - Residential [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| CMO/REMIC - Residential [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	536,997	590,158
Fair Value on Recurring Basis [Member] \| CMO/REMIC - Residential [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Other Securities [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Other Securities [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,110	1,083
Fair Value on Recurring Basis [Member] \| Other Securities [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Investment Securities-AFS [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Investment Securities-AFS [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,647,330	3,183,923
Fair Value on Recurring Basis [Member] \| Investment Securities-AFS [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	0	0
Fair Value on Recurring Basis [Member] \| Interest Rate Swaps [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Fair Value on Recurring Basis [Member] \| Interest Rate Swaps [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	3,653	14,163
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Fair Value on Recurring Basis [Member] \| Interest Rate Swaps [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Fair Value on Recurring Basis [Member] \| Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	3,650,983	3,198,086
Total liabilities	3,653	14,163
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	28,231	29,468
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Residential Mortgage-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,080,992	2,563,214
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| CMO/REMIC - Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	536,997	590,158
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Other Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,110	1,083
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Investment Securities-AFS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	3,647,330	3,183,923
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	3,653	14,163
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	$ 3,653	$ 14,163

Fair Value Information - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Detail) - Fair Value on Non-Recurring Basis [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Description of assets
Total assets	$ 3,911	$ 3,659
Loans, Excluding PCI Loans [Member] \| Asset Held-for-Sale [Member]
Description of assets
Total assets	0	0
Loans, Excluding PCI Loans [Member] \| Commercial and Industrial [Member]
Description of assets
Total assets	98	3,275
Loans, Excluding PCI Loans [Member] \| Small Business Administration [Member]
Description of assets
Total assets	82	255
Loans, Excluding PCI Loans [Member] \| Commercial Real Estate [Member]
Description of assets
Total assets	1,233	0
Loans, Excluding PCI Loans [Member] \| Construction [Member]
Description of assets
Total assets	0	0
Loans, Excluding PCI Loans [Member] \| SFR Mortgage [Member]
Description of assets
Total assets	0	0
Loans, Excluding PCI Loans [Member] \| Dairy & Livestock and Agribusiness [Member]
Description of assets
Total assets	2,497	118
Loans, Excluding PCI Loans [Member] \| Consumer and Other Loans [Member]
Description of assets
Total assets	1	11
Loans, Excluding PCI Loans [Member] \| Other Real Estate Owned [Member]
Description of assets
Total assets	0	0
Loans, Excluding PCI Loans [Member] \| Muncipal Lease Finance Receivables [Member]
Description of assets
Total assets	0	0
Level 1 [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Asset Held-for-Sale [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial and Industrial [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Small Business Administration [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial Real Estate [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Construction [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| SFR Mortgage [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Dairy & Livestock and Agribusiness [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Consumer and Other Loans [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Other Real Estate Owned [Member]
Description of assets
Total assets	0	0
Level 1 [Member] \| Loans, Excluding PCI Loans [Member] \| Muncipal Lease Finance Receivables [Member]
Description of assets
Total assets	0	0
Level 2 [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Asset Held-for-Sale [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial and Industrial [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Small Business Administration [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial Real Estate [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Construction [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| SFR Mortgage [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Dairy & Livestock and Agribusiness [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Consumer and Other Loans [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Other Real Estate Owned [Member]
Description of assets
Total assets	0	0
Level 2 [Member] \| Loans, Excluding PCI Loans [Member] \| Muncipal Lease Finance Receivables [Member]
Description of assets
Total assets	0	0
Level 3 [Member]
Description of assets
Total assets	6,414	1,024
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Asset Held-for-Sale [Member]
Description of assets
Total assets	0	0
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial and Industrial [Member]
Description of assets
Total assets	418	340
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Small Business Administration [Member]
Description of assets
Total assets	355	646
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial Real Estate [Member]
Description of assets
Total assets	3,003	0
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Construction [Member]
Description of assets
Total assets	0	0
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| SFR Mortgage [Member]
Description of assets
Total assets	0	0
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Dairy & Livestock and Agribusiness [Member]
Description of assets
Total assets	2,638	38
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Consumer and Other Loans [Member]
Description of assets
Total assets	0	0
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Other Real Estate Owned [Member]
Description of assets
Total assets	0	0
Level 3 [Member] \| Loans, Excluding PCI Loans [Member] \| Muncipal Lease Finance Receivables [Member]
Description of assets
Total assets	0	0
Carrying Value [Member]
Description of assets
Total assets	6,414	1,024
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Asset Held-for-Sale [Member]
Description of assets
Total assets	0	0
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial and Industrial [Member]
Description of assets
Total assets	418	340
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Small Business Administration [Member]
Description of assets
Total assets	355	646
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Commercial Real Estate [Member]
Description of assets
Total assets	3,003	0
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Construction [Member]
Description of assets
Total assets	0	0
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| SFR Mortgage [Member]
Description of assets
Total assets	0	0
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Dairy & Livestock and Agribusiness [Member]
Description of assets
Total assets	2,638	38
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Consumer and Other Loans [Member]
Description of assets
Total assets	0	0
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Other Real Estate Owned [Member]
Description of assets
Total assets	0	0
Carrying Value [Member] \| Loans, Excluding PCI Loans [Member] \| Muncipal Lease Finance Receivables [Member]
Description of assets
Total assets	$ 0	$ 0

Fair Value Information - Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Total cash and cash equivalents	$ 1,653,039	$ 1,732,548
Investment securities available-for-sale	3,647,330	3,183,923
Investment securities held-to-maturity	2,362,741	1,925,970
Total loans, net of allowance for loan losses	8,515,565	7,822,694
Deposits:
Interest-bearing	5,380,474	4,872,386
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	602,562	656,551
Carrying Value [Member]
Assets
Total cash and cash equivalents	1,653,039	1,732,548
Interest-earning balances due from depository institutions	6,859	25,999
Investment securities available-for-sale	3,647,330	3,183,923
Investment securities held-to-maturity	2,362,741	1,925,970
Total loans, net of allowance for loan losses	8,515,565	7,822,694
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Deposits:
Interest-bearing	5,380,474	4,872,386
Borrowings	598,909	644,669
Junior subordinated debentures	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Estimated Fair Value [Member]
Assets
Total cash and cash equivalents	1,653,039	1,732,548
Interest-earning balances due from depository institutions	6,859	25,999
Investment securities available-for-sale	3,647,330	3,183,923
Investment securities held-to-maturity	2,203,144	1,921,693
Total loans, net of allowance for loan losses	8,513,262	7,696,210
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Deposits:
Interest-bearing	5,380,814	4,871,531
Borrowings	604,700	586,645
Junior subordinated debentures	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Estimated Fair Value [Member] \| Level 1 [Member]
Assets
Total cash and cash equivalents	1,653,039	1,732,548
Interest-earning balances due from depository institutions	0	0
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Total loans, net of allowance for loan losses	0	0
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Deposits:
Interest-bearing	0	0
Borrowings	0	0
Junior subordinated debentures	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Estimated Fair Value [Member] \| Level 2 [Member]
Assets
Total cash and cash equivalents	0	0
Interest-earning balances due from depository institutions	6,859	25,999
Investment securities available-for-sale	3,647,330	3,183,923
Investment securities held-to-maturity	2,203,144	1,921,693
Total loans, net of allowance for loan losses	0	0
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Deposits:
Interest-bearing	5,380,814	4,871,531
Borrowings	604,700	586,645
Junior subordinated debentures	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Estimated Fair Value [Member] \| Level 3 [Member]
Assets
Total cash and cash equivalents	0	0
Interest-earning balances due from depository institutions	0	0
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Total loans, net of allowance for loan losses	8,513,262	7,696,210
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Deposits:
Interest-bearing	0	0
Borrowings	0	0
Junior subordinated debentures	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	$ 0	$ 0

Derivative Financial Instruments - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) Agreement	Dec. 31, 2021 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative assets and liabilities offset in balance sheet	$ 0
Total notional amount of the Company's swaps	$ 472,200	$ 493,200
Description of Conditions Relating to Clearing of Interest rate Swaps	As a result of the Bank exceeding $10 billion in assets, federal regulations required the Bank, beginning in January 2019, to clear most interest rate swaps through a clearing house (“centrally cleared”). These instruments contain language outlining collateral pledging requirements for each counterparty, in which collateral must be posted if market value exceeds certain agreed upon threshold limits. Cash or securities are pledged as collateral.
Interest-rate Swap Agreements with Customers [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest-rate swap agreements \| Agreement	134
Total notional amount of the Company's swaps	$ 472,200

Derivative Financial Instruments - Fair Value of Derivative Instruments (Detail) - Derivatives Not Designated as Hedging Instruments [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 3,653	$ 14,163
Other Assets [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	3,653	14,163
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	3,653	14,163
Other Liabilities [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 3,653	$ 14,163

Balance Sheet Offsetting - Schedule of Balance Sheet Offsetting (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Offsetting Assets Liabilities [Line Items]
Financial liabilities, Gross Amounts Recognized in the Condensed Consolidated Balance Sheets	$ 628,603	$ 665,890
Financial liabilities, Gross Amounts Offset in the Condensed Consolidated Balance Sheets	(26,041)	(9,339)
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	602,562	656,551
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments	26,041	9,339
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral Pledged	(850,225)	(721,208)
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Net Amount	(221,622)	(55,318)
Repurchase Agreements [Member]
Offsetting Assets Liabilities [Line Items]
Financial liabilities, Gross Amounts Recognized in the Condensed Consolidated Balance Sheets	598,909	642,388
Financial liabilities, Gross Amounts Offset in the Condensed Consolidated Balance Sheets	0	0
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	598,909	642,388
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments	0	0
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral Pledged	(833,418)	(683,923)
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Net Amount	(234,509)	(41,535)
Interest Rate Swaps [Member]
Offsetting Assets Liabilities [Line Items]
Financial assets, Gross Amounts Recognized in the Condensed Consolidated Balance Sheets	3,653	14,163
Financial assets, Gross Amounts Offset in the Condensed Consolidated Balance Sheets	0	0
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Financial assets, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments	3,653	14,163
Financial assets, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral Pledged	0	0
Financial assets, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Net Amount	3,653	14,163
Interest Rate Swaps [Member] \| Derivatives Not Designated as Hedging Instruments [Member]
Offsetting Assets Liabilities [Line Items]
Financial assets, Gross Amounts Recognized in the Condensed Consolidated Balance Sheets	3,653	14,163
Financial assets, Gross Amounts Offset in the Condensed Consolidated Balance Sheets	0	0
Financial assets, Net Amounts Presented in the Condensed Consolidated Balance Sheets	0	0
Financial assets, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments	3,653	14,163
Financial assets, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral Pledged	0	0
Financial assets, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Net Amount	3,653	14,163
Financial liabilities, Gross Amounts Recognized in the Condensed Consolidated Balance Sheets	29,694	23,502
Financial liabilities, Gross Amounts Offset in the Condensed Consolidated Balance Sheets	(26,041)	(9,339)
Financial liabilities, Net Amounts Presented in the Condensed Consolidated Balance Sheets	3,653	14,163
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Financial Instruments	26,041	9,339
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral Pledged	(16,807)	(37,285)
Financial liabilities, Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Net Amount	$ 12,887	$ (13,783)

Leases - Future lease payments required for leases that have initial or remaining non-cancelable lease terms (Detail) $ in Thousands	Mar. 31, 2022 USD ($)
2022 (excluding the three months ended March 31, 2022)	$ 5,440
2023	5,914
2024	4,706
2025	3,931
2026	2,665
Thereafter	1,964
Total future lease payments	24,620
Less: Imputed interest	(1,192)
Present value of lease liabilities	$ 23,428