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Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Comprehensive Income (Loss)
The following table presents the Company’s comprehensive income/ (loss) and related tax effect for the years ended December 31, 2018, 2017, and 2016:
 
2018
 
2017
 
2016
 
Pre-
tax
 
Tax
effect
 
Net of
Tax
 
Pre-
tax
 
Tax
effect
 
Net of
Tax
 
Pre-
tax
 
Tax
effect
 
Net of
Tax
 
(In thousands)
Unrealized gain/ (loss) on securities available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net gains/ (losses) arising during period
$
(13,205
)
 
$
(3,702
)
 
$
(9,503
)
 
$
7,782

 
$
3,063

 
$
4,719

 
$
(18,913
)
 
$
(7,555
)
 
$
(11,358
)
Less: Adjustment for realized gains/ (losses), net
(596
)
 
(170
)
 
(426
)
 
376

 
154

 
222

 
521

 
190

 
331

Net change
(12,609
)
 
(3,532
)
 
(9,077
)
 
7,406

 
2,909

 
4,497

 
(19,434
)
 
(7,745
)
 
(11,689
)
Unrealized gain/ (loss) on cash flow hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net gains/ (losses) arising during period
985

 
285

 
700

 
325

 
135

 
190

 
(793
)
 
(332
)
 
(461
)
Add: scheduled reclass and other
(907
)
 
(261
)
 
(646
)
 
1,179

 
491

 
688

 
1,666

 
687

 
979

Net change
78

 
24

 
54

 
1,504

 
626

 
878

 
873

 
355

 
518

Unrealized gain/ (loss) on other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net gains/ (losses) arising during period
416

 
120

 
296

 
84

 
34

 
50

 
200

 
77

 
123

Net change
416

 
120

 
296

 
84

 
34

 
50

 
200

 
77

 
123

Total other comprehensive income/ (loss)
(12,115
)
 
(3,388
)
 
(8,727
)
 
8,994

 
3,569

 
5,425

 
(18,361
)
 
(7,313
)
 
(11,048
)
Net income attributable to the Company (1)
117,921

 
37,537

 
80,384

 
86,787

 
46,196

 
40,591

 
102,591

 
30,963

 
71,628

Total comprehensive income
$
105,806

 
$
34,149

 
$
71,657

 
$
95,781

 
$
49,765

 
$
46,016

 
$
84,230

 
$
23,650

 
$
60,580

___________________
(1)
Pre-tax net income attributable to the Company is calculated as income before income taxes, plus net income from discontinued operations, less net income attributable to noncontrolling interests.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents a summary of the amounts reclassified from accumulated other comprehensive income/ (loss) for the years ended December 31, 2018, 2017, and 2016:
Description of component of
accumulated other comprehensive
income/ (loss)
 
Year ended December 31,
 
Affected line item in
Statement of Operations
 
2018
 
2017
 
2016
 
 
 
(In thousands)
 
 
Adjustment for realized gains/(losses) on securities available-for-sale, net:
 
 
 
 
 
 
 
 
Pre-tax
 
$
(596
)
 
$
376

 
$
521

 
Gain/ (loss) on sale of investments, net
Tax expense/ (benefit)
 
(170
)
 
154

 
190

 
Income tax expense
Net
 
$
(426
)
 
$
222

 
$
331

 
Net income attributable to the Company
Net realized gain/ (loss) on cash flow hedges:
 
 
 
 
 
 
 
 
Hedge related to deposits
 
 
 
 
 
 
 
 
Pre-tax
 
$
(907
)
 
$
1,179

 
$
1,666

 
Interest expense on deposits
Tax expense/ (benefit)
 
(261
)
 
491

 
687

 
Income tax expense
Net
 
$
646

 
$
(688
)
 
$
(979
)
 
Net income attributable to the Company
Total reclassifications for the period, net of tax
 
$
646

 
$
(688
)
 
$
(979
)
 
 
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the after-tax changes in the components of the Company’s accumulated other comprehensive income/ (loss) for the years ended December 31, 2018, 2017, and 2016:
 
Components of accumulated other comprehensive income/ (loss)
 
 
 
Unrealized
gain/ (loss)
on securities
available-for-sale
 
Unrealized
gain/ (loss)
on cash flow
hedges
 
Unrealized
gain/ (loss)
on other
 
Accumulated
other
comprehensive
income/ (loss)
 
(In thousands)
Balance at December 31, 2015
$
495

 
$
(1,123
)
 
$
(872
)
 
$
(1,500
)
Other comprehensive income/ (loss) before reclassifications
(11,358
)
 
(461
)
 
123

 
(11,696
)
Amounts reclassified from other comprehensive income/ (loss)
(331
)
 
979

 
—

 
648

Other comprehensive income/ (loss), net
(11,689
)
 
518

 
123

 
(11,048
)
Balance at December 31, 2016
(11,194
)
 
(605
)
 
(749
)
 
(12,548
)
Other comprehensive income/ (loss) before reclassifications
4,719

 
190

 
50

 
4,959

Amounts reclassified from other comprehensive income/ (loss)
(222
)
 
688

 
—

 
466

Other comprehensive income/ (loss), net
4,497

 
878

 
50

 
5,425

Balance at December 31, 2017
(8,140
)
 
332

 
(850
)
 
(8,658
)
Other comprehensive income/ (loss) before reclassifications
(9,503
)
 
700

 
296

 
(8,507
)
Amounts reclassified from other comprehensive income/ (loss)
426

 
(646
)
 
—

 
(220
)
Other comprehensive income/ (loss), net
(9,077
)
 
54

 
296

 
(8,727
)
Reclassification due to the adoption of ASU 2017-12 and 2016-01
(339
)
 
5

 
—

 
(334
)
Balance at December 31, 2018
$
(17,556
)
 
$
391

 
$
(554
)
 
$
(17,719
)