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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Statement of Comprehensive Income [Abstract]          
Net income $ 27,303 $ 28,002 $ 14,176 $ 55,305 $ 23,697
Other comprehensive income, net of tax:          
Unrealized holding (loss)/gain on securities arising during the period, net of income taxes [1] (3,122) (9,343) 6,336 (12,465) 7,349
Reclassification adjustment for net (gains) losses on sale of securities included in net income, net of income taxes [2] (240) (5) (1,368) (245) (1,368)
Other comprehensive (loss) income, net of tax (3,362) (9,348) 4,968 (12,710) 5,981
Comprehensive income, net of tax $ 23,941 $ 18,654 $ 19,144 $ 42,595 $ 29,678
[1] Income tax (benefit) expense on the unrealized (loss)/gain on securities was $(1.3) million for the three months ended June 30, 2018, $(3.9) million for the three months ended March 31, 2018, $4.3 million for the three months ended June 30, 2017, $(5.2) million for the six months ended June 30, 2018 and $5.0 million for the six months ended June 30, 2017.
[2] Income tax expense (benefit) on the reclassification adjustment for net (gains) losses on sale of securities included in net income was $90,000 for the three months ended June 30, 2018, $1,000 for the three months ended March 31, 2018, $725,000 for the three months ended June 30, 2017, $91,000 for the six months ended June 30, 2018 and $725,000 for the six months ended June 30, 2017.