XML 94 R43.htm IDEA: XBRL DOCUMENT v3.19.3
Shareholders' Equity and Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]  
Components Of Other Comprehensive Income (Loss)
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands).
 
Accumulated
Unrealized
Losses
on Securities
 
Accumulated
Unrealized
Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at July 1, 2019
$
4,209

 
$
(12,044
)
 
$
(37,594
)
 
$
(45,429
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
13,371

 
(3,233
)
 
(1,471
)
 
8,667

Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(292
)
 
(1,781
)
 

 
(2,073
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(42
)
 

 

 
(42
)
Net other comprehensive income (loss) during the period, net of tax
$
13,037

 
$
(5,014
)
 
$
(1,471
)
 
$
6,552

Balance at September 30, 2019
$
17,246

 
$
(17,058
)
 
$
(39,065
)
 
$
(38,877
)
 
 
 
 
 
 
 
 
Balance at January 1, 2019
$
(42,353
)
 
$
7,857

 
$
(42,376
)
 
$
(76,872
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
60,527

 
(17,529
)
 
3,311

 
46,309

Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(626
)
 
(7,386
)
 

 
(8,012
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(302
)
 

 

 
(302
)
Net other comprehensive income (loss) during the period, net of tax
$
59,599

 
$
(24,915
)
 
$
3,311

 
$
37,995

Balance at September 30, 2019
$
17,246

 
$
(17,058
)
 
$
(39,065
)
 
$
(38,877
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Accumulated
Unrealized
Losses
on Securities
 
Accumulated
Unrealized
Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at July 1, 2018
$
(54,885
)
 
$
11,748

 
$
(38,079
)
 
$
(81,216
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(13,277
)
 
1,851

 
1,942

 
(9,484
)
Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(730
)
 
(1,696
)
 

 
(2,426
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(24
)
 

 

 
(24
)
Net other comprehensive (loss) income during the period, net of tax
$
(14,031
)
 
$
155

 
$
1,942

 
$
(11,934
)
Balance at September 30, 2018
$
(68,916
)
 
$
11,903

 
$
(36,137
)
 
$
(93,150
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2018
$
(15,813
)
 
$
7,164

 
$
(33,186
)
 
$
(41,835
)
Cumulative effect adjustment from the adoption of:
 
 
 
 
 
 
 
ASU 2016-01
(1,880
)
 

 

 
(1,880
)
ASU 2018-02
(4,517
)
 
1,543

 

 
(2,974
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(46,665
)
 
6,368

 
(2,951
)
 
(43,248
)
Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(5
)
 
(3,172
)
 

 
(3,177
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(36
)
 

 

 
(36
)
Net other comprehensive (loss) income during the period, net of tax
$
(46,706
)
 
$
3,196

 
$
(2,951
)
 
$
(46,461
)
Balance at September 30, 2018
$
(68,916
)
 
$
11,903

 
$
(36,137
)
 
$
(93,150
)

Other Comprehensive Income Reclassified from AOCI
 
 
Amount Reclassified from Accumulated Other Comprehensive Income for the
 
 
Details Regarding the Component of Accumulated Other Comprehensive Income
 
Three Months Ended
 
Nine Months Ended
 
Impacted Line on the
Consolidated Statements of Income
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
 
Accumulated unrealized gains (losses) on securities
 
 
 
 
 
 
 
 
 
 
Gains included in net income
 
$
400

 
$
1,001

 
$
856

 
$
6

 
Gains (losses) on investment securities, net
 
 
400

 
1,001

 
856

 
6

 
Income before taxes
Tax effect
 
(108
)
 
(271
)
 
(230
)
 
(1
)
 
Income tax expense
Net of tax
 
$
292

 
$
730

 
$
626

 
$
5

 
Net income
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
(2,635
)
 
$
(2,319
)
 
$
(10,403
)
 
$
(4,338
)
 
Interest on deposits
Amount reclassified to interest expense on other borrowings
 
196

 

 
321

 

 
Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures
 
11

 

 
11

 

 
Interest on junior subordinated debentures
 
 
2,428

 
2,319

 
10,071

 
4,338

 
Income before taxes
Tax effect
 
(647
)
 
(623
)
 
(2,685
)
 
(1,166
)
 
Income tax expense
Net of tax
 
$
1,781

 
$
1,696

 
$
7,386

 
$
3,172

 
Net income

Computation Of Basic And Diluted Earnings Per Common Share
The following table shows the computation of basic and diluted earnings per share for the periods indicated:
 
 
 
Three Months Ended
 
Nine Months Ended
(In thousands, except per share data)
 
 
September 30,
2019
 
September 30,
2018
 
September 30,
2019
 
September 30,
2018
Net income
 
 
$
99,121

 
$
91,948

 
$
269,733

 
$
263,509

Less: Preferred stock dividends
 
 
2,050

 
2,050

 
6,150

 
6,150

Net income applicable to common shares
(A)
 
$
97,071

 
$
89,898

 
$
263,583

 
$
257,359

Weighted average common shares outstanding
(B)
 
56,690

 
56,366

 
56,627

 
56,268

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
773

 
918

 
724

 
912

Weighted average common shares and effect of dilutive potential common shares
(C)
 
57,463

 
57,284

 
57,351

 
57,180

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/B)
 
$
1.71

 
$
1.59

 
$
4.65

 
$
4.57

Diluted
(A/C)
 
$
1.69

 
$
1.57

 
$
4.60

 
$
4.50