XML 51 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Shareholders' Equity and Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 July 1, 2020
$
85,506

 
$
(43,606
)
 
$
(42,497
)
 
$
(597
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(10,682
)
 
3,466

 
2,891

 
(4,325
)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
(36
)
 
4,157

 
—

 
4,121

Amount reclassified from accumulated other comprehensive income (loss) related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(40
)
 
—

 
—

 
(40
)
Net other comprehensive (loss) income during the period, net of tax
$
(10,758
)
 
$
7,623

 
$
2,891

 
$
(244
)
Balance at September 30, 2020
$
74,748

 
$
(35,983
)
 
$
(39,606
)
 
$
(841
)
 
 
 
 
 
 
 
 
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
60,043

 
(31,796
)
 
(3,087
)
 
25,160

Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
(146
)
 
8,954

 
—

 
8,808

Amount reclassified from accumulated other comprehensive income (loss) related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(131
)
 
—

 
—

 
(131
)
Net other comprehensive income (loss) during the period, net of tax
$
59,766

 
$
(22,842
)
 
$
(3,087
)
 
$
33,837

Balance at September 30, 2020
$
74,748

 
$
(35,983
)
 
$
(39,606
)
 
$
(841
)
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 income (loss) into net income, net of tax
(292
)
 
(1,781
)
 
—

 
(2,073
)
Amount reclassified from accumulated other comprehensive income (loss) related to amortization of unrealized gains 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 income (loss) into net income, net of tax
(626
)
 
(7,386
)
 
—

 
(8,012
)
Amount reclassified from accumulated other comprehensive income (loss) related to amortization of unrealized gains 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
)
Other Comprehensive Income Reclassified from AOCI
 
 
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the
 
 
Details Regarding the Component of Accumulated Other Comprehensive Income (Loss)
 
Three Months Ended
 
Nine Months Ended
 
Impacted Line on the
Consolidated Statements of Income
 
September 30,
 
September 30,
 
 
2020
 
2019
 
2020
 
2019
 
Accumulated unrealized gains on securities
 
 
 
 
 
 
 
 
 
 
Gains included in net income
 
$
50

 
$
400

 
$
200

 
$
856

 
Gains (losses) on investment securities, net
 
 
50

 
400

 
200

 
856

 
Income before taxes
Tax effect
 
(14
)
 
(108
)
 
(54
)
 
(230
)
 
Income tax expense
Net of tax
 
$
36

 
$
292

 
$
146

 
$
626

 
Net income
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized gains (losses) on derivative instruments
 
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
3,884

 
$
(2,635
)
 
$
8,806

 
$
(10,403
)
 
Interest on deposits
Amount reclassified to interest expense on other borrowings
 
740

 
196

 
1,458

 
321

 
Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures
 
1,043

 
11

 
1,944

 
11

 
Interest on junior subordinated debentures
 
 
(5,667
)
 
2,428

 
(12,208
)
 
10,071

 
Income before taxes
Tax effect
 
1,510

 
(647
)
 
3,254

 
(2,685
)
 
Income tax expense
Net of tax
 
$
(4,157
)
 
$
1,781

 
$
(8,954
)
 
$
7,386

 
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,
2020
 
September 30,
2019
 
September 30,
2020
 
September 30,
2019
Net income
 
 
$
107,315

 
$
99,121

 
$
191,786

 
$
269,733

Less: Preferred stock dividends
 
 
10,286

 
2,050

 
14,386

 
6,150

Net income applicable to common shares
(A)
 
$
97,029

 
$
97,071

 
$
177,400

 
$
263,583

 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
(B)
 
57,597

 
56,690

 
57,595

 
56,627

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
449

 
773

 
469

 
724

Weighted average common shares and effect of dilutive potential common shares
(C)
 
58,046

 
57,463

 
58,064

 
57,351

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/B)
 
$
1.68

 
$
1.71

 
$
3.08

 
$
4.65

Diluted
(A/C)
 
$
1.67

 
$
1.69

 
$
3.06

 
$
4.60