XML 18 R5.htm IDEA: XBRL DOCUMENT v3.21.2
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 (Loss)
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
Net income 38,295       38,295      
Other comprehensive income (loss), net of tax 56,313           56,313  
Ending balance (in shares) at Jun. 30, 2020     0          
Ending balance at Jun. 30, 2020 1,693,630   $ 0 0 1,681,164   12,466 0
Beginning balance (in shares) at Mar. 31, 2020     0          
Beginning Balance at Mar. 31, 2020 1,662,734   $ 0 0 1,651,314   11,420 0
Net income 29,850       29,850      
Other comprehensive income (loss), net of tax 1,046           1,046  
Ending balance (in shares) at Jun. 30, 2020     0          
Ending balance at Jun. 30, 2020 $ 1,693,630   $ 0 0 1,681,164   12,466 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)
Dividends to common shareholders [2] (24,100)       (24,100)      
Net income 82,472       82,472      
Other comprehensive income (loss), net of tax (60,481)           (60,481)  
ESOP shares committed to be released $ 4,679     2,173       2,506
Ending balance (in shares) at Jun. 30, 2021 186,758,154   186,758,154,000          
Ending balance at Jun. 30, 2021 $ 3,430,622   $ 1,868 1,856,241 1,723,979   (6,247) (145,219)
Beginning balance (in shares) at Mar. 31, 2021     186,758,154,000          
Beginning Balance at Mar. 31, 2021 3,387,045   $ 1,868 1,854,895 1,702,946   (26,192) (146,472)
Dividends to common shareholders [3] (13,776)       (13,776)      
Net income 34,809       34,809      
Other comprehensive income (loss), net of tax 19,945           19,945  
ESOP shares committed to be released $ 2,599     1,346       1,253
Ending balance (in shares) at Jun. 30, 2021 186,758,154   186,758,154,000          
Ending balance at Jun. 30, 2021 $ 3,430,622   $ 1,868 $ 1,856,241 $ 1,723,979   $ (6,247) $ (145,219)
[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 quarterly cash dividends of $0.06 and $0.08 per share of common stock during the three months ended March 31, 2021 and June 30, 2021, respectively.
[3] The Company declared and paid a quarterly cash dividend of $0.08 per share of common stock during the three months ended June 30, 2021.