XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Statement of Comprehensive Income [Abstract]      
Net income $ 68,668 $ 67,136 $ 25,740
Other comprehensive income (loss), net of tax:      
Unrealized holding (loss) gain on securities available-for-sale arising during the period, net of income taxes [1] (72,592) 18,201 28,420
Reclassification adjustment for net (loss) gain on sales of securities included in net income, net of income taxes [2] (2,889) (3,572) (5,534)
Other comprehensive (loss) income, net of tax (75,481) 14,629 22,886
Comprehensive (loss) income, net of tax $ (6,813) $ 81,765 $ 48,626
[1] Income tax (benefit) expense on the unrealized (loss) gain on securities was $(29.1) million for the three months ended March 31, 2021, $7.2 million for the three months ended December 31, 2020, and $11.4 million for the three months ended March 31, 2020.
[2] Income tax expense (benefit) on the reclassification adjustment for net gain (loss) on sales of securities included in net income was $1.2 million for the three months ended March 31, 2021, $1.4 million for the three months ended December 31, 2020, and $2.2 million for the three months ended March 31, 2020.