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Shareholders' Equity and Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
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
Gains (Losses)
on Securities
 
Accumulated
Unrealized (Losses) Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at April 1, 2020
$
81,573

 
$
(41,512
)
 
$
(47,664
)
 
$
(7,603
)
Other comprehensive income during the period, net of tax, before reclassifications
3,718

 
(6,092
)
 
5,167

 
2,793

Amount reclassified from accumulated other comprehensive gain (loss) into net income, net of tax
249

 
3,998

 

 
4,247

Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(34
)
 

 

 
(34
)
Net other comprehensive income (loss) during the period, net of tax
$
3,933

 
$
(2,094
)
 
$
5,167

 
$
7,006

Balance at June 30, 2020
$
85,506

 
$
(43,606
)
 
$
(42,497
)
 
$
(597
)
 
 
 
 
 
 
 
 
Balance at January 1, 2020
$
14,982

 
$
(13,141
)
 
$
(36,519
)
 
$
(34,678
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
70,725

 
(35,262
)
 
(5,978
)
 
29,485

Amount reclassified from accumulated other comprehensive gain (loss) into net income, net of tax
(110
)
 
4,797

 

 
4,687

Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(91
)
 

 

 
(91
)
Net other comprehensive income (loss) during the period, net of tax
$
70,524

 
$
(30,465
)
 
$
(5,978
)
 
$
34,081

Balance at June 30, 2020
$
85,506

 
$
(43,606
)
 
$
(42,497
)
 
$
(597
)
Balance at April 1, 2019
$
(14,451
)
 
$
4,206

 
$
(40,099
)
 
$
(50,344
)
Other comprehensive income (loss) during the period, net of tax, before reclassifications
19,200

 
(13,257
)
 
2,505

 
8,448

Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(383
)
 
(2,993
)
 

 
(3,376
)
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
(157
)
 

 

 
(157
)
Net other comprehensive income (loss) during the period, net of tax
$
18,660

 
$
(16,250
)
 
$
2,505

 
$
4,915

Balance at June 30, 2019
$
4,209

 
$
(12,044
)
 
$
(37,594
)
 
$
(45,429
)
 
 
 
 
 
 
 
 
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
47,156

 
(14,296
)
 
4,782

 
37,642

Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(334
)
 
(5,605
)
 

 
(5,939
)
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
(260
)
 

 

 
(260
)
Net other comprehensive income (loss) during the period, net of tax
$
46,562

 
$
(19,901
)
 
$
4,782

 
$
31,443

Balance at June 30, 2019
$
4,209

 
$
(12,044
)
 
$
(37,594
)
 
$
(45,429
)


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
 
Six Months Ended
 
Impacted Line on the
Consolidated Statements of Income
 
June 30,
 
June 30,
 
 
2020
 
2019
 
2020
 
2019
 
Accumulated unrealized gains (losses) on securities
 
 
 
 
 
 
 
 
 
 
Gains (losses) included in net income
 
$
(341
)
 
$
523

 
$
150

 
$
456

 
Gains (losses) on investment securities, net
 
 
(341
)
 
523

 
150

 
456

 
Income before taxes
Tax effect
 
92

 
(140
)
 
(40
)
 
(122
)
 
Income tax expense
Net of tax
 
$
(249
)
 
$
383

 
$
110

 
$
334

 
Net income
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized gains (losses) on derivative instruments
 
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
4,363

 
$
(4,179
)
 
$
4,922

 
$
(7,768
)
 
Interest on deposits
Amount reclassified to interest expense on other borrowings
 
426

 
98

 
718

 
125

 
Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures
 
662

 

 
901

 

 
Interest on junior subordinated debentures
 
 
(5,451
)
 
4,081

 
(6,541
)
 
7,643

 
Income before taxes
Tax effect
 
1,453

 
(1,088
)
 
1,744

 
(2,038
)
 
Income tax expense
Net of tax
 
$
(3,998
)
 
$
2,993

 
$
(4,797
)
 
$
5,605

 
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
 
Six Months Ended
(In thousands, except per share data)
 
 
June 30,
2020
 
June 30,
2019
 
June 30,
2020
 
June 30,
2019
Net income
 
 
$
21,659

 
$
81,466

 
$
84,471

 
$
170,612

Less: Preferred stock dividends
 
 
2,050

 
2,050

 
4,100

 
4,100

Net income applicable to common shares
(A)
 
$
19,609

 
$
79,416

 
$
80,371

 
$
166,512

 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
(B)
 
$
57,567

 
$
56,662

 
$
57,593

 
$
56,596

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
414

 
699

 
481

 
700

Weighted average common shares and effect of dilutive potential common shares
(C)
 
$
57,981

 
$
57,361

 
$
58,074

 
$
57,296

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/B)
 
$
0.34

 
$
1.40

 
$
1.40

 
$
2.94

Diluted
(A/C)
 
$
0.34

 
$
1.38

 
$
1.38

 
$
2.91