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Unaudited Consolidated Statements of Changes In Shareholders' Equity - USD ($)
$ in Thousands
Total
Cumulative effect accounting adjustment
[1]
Common Stock
Additional Paid In Capital
Retained Earnings
Retained Earnings
Cumulative effect accounting adjustment
[1]
Accumulated Other Comprehensive Income
Unallocated Common Stock Held by ESOP
Beginning balance (in shares) at Dec. 31, 2019     0          
Beginning Balance at Dec. 31, 2019 $ 1,600,153 $ (1,131) $ 0 $ 0 $ 1,644,000 $ (1,131) $ (43,847) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 8,445       8,445      
Other comprehensive income, net of tax 55,267           55,267  
Ending balance (in shares) at Mar. 31, 2020     0          
Ending balance at Mar. 31, 2020 $ 1,662,734   $ 0 0 1,651,314   11,420 0
Beginning balance (in shares) at Dec. 31, 2020 186,758,154   186,758,154,000          
Beginning Balance at Dec. 31, 2020 $ 3,428,052   $ 1,868 1,854,068 1,665,607   54,234 (147,725)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 47,663       47,663      
Other comprehensive income, net of tax (80,426)           (80,426)  
Dividends to common shareholders [2] (10,324)       (10,324)      
ESOP shares committed to be released $ 2,080     827       1,253
Ending balance (in shares) at Mar. 31, 2021 186,758,154   186,758,154,000          
Ending balance at Mar. 31, 2021 $ 3,387,045   $ 1,868 $ 1,854,895 $ 1,702,946   $ (26,192) $ (146,472)
[1] Represents cumulative impact on retained earnings pursuant to the Company’s (as defined herein) adoption of Accounting Standards Update 2016-02 Leases. The transition adjustment to the opening balance of retained earnings on January 1, 2020 amounted to $1.1 million, net of tax, related to an incremental accrued rent adjustment calculated as a result of electing the hindsight practical expedient.
[2] The Company declared and paid a quarterly cash dividend of $0.06 per share of common stock during the three months ended March 31, 2021.