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EQUITY
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
EQUITY EQUITY
Common Stock
The Company has 170 million shares of common stock authorized for issuance. At December 31, 2020, the Company had 82,334,257 shares outstanding and 87,665,743 shares available for future issuance. At December 31, 2019, the Company had 83,265,674 shares outstanding and 86,734,326 shares available for future issuance.
In the third quarter of 2019, the Company's Board of Directors approved, and the Company received regulatory non-objection for, a share repurchase program of up to $20.0 million of the Company's outstanding common shares. Under the program, shares could be repurchased from time to time in the open market for a one-year period. The Company completed its share repurchase program in the first quarter of 2020, and as of December 31, 2020, there are no active repurchase programs.
Accumulated Other Comprehensive Income
Other comprehensive income/(loss) represents the change in equity of the Company during a year from transactions and other events and circumstances from non-shareholder sources. It includes all changes in equity during a year, except those resulting from investments by shareholders and distributions to shareholders.
The following table presents the Company’s comprehensive income/(loss) and related tax effect for the years ended December 31, 2020, 2019, and 2018:
202020192018
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 Investment securities available-for-sale
Net gains/(losses) arising during period$33,796 $9,559 $24,237 $36,092 $10,101 $25,991 $(13,205)$(3,702)$(9,503)
Add: Adjustment for realized (gains)/losses, net— — — — — — 596 170 426 
Net change33,796 9,559 24,237 36,092 10,101 25,991 (12,609)(3,532)(9,077)
Unrealized gain/(loss) on cash flow hedges
Net gains/(losses) arising during period(158)(45)(113)(46)(15)(31)985 285 700 
Add: Adjustment for realized (gains)/losses, net(70)(21)(49)(508)(148)(360)(907)(261)(646)
Net change(228)(66)(162)(554)(163)(391)78 24 54 
Unrealized gain/(loss) on other
Net gains/(losses) arising during period50 15 35 (432)(126)(306)416 120 296 
Net change50 15 35 (432)(126)(306)416 120 296 
Total other comprehensive income/(loss)33,618 9,508 24,110 35,106 9,812 25,294 (12,115)(3,388)(8,727)
Net income attributable to the Company (1)54,041 8,888 45,153 102,619 22,591 80,028 117,921 37,537 80,384 
Total comprehensive income$87,659 $18,396 $69,263 $137,725 $32,403 $105,322 $105,806 $34,149 $71,657 
___________________
(1)Pre-tax Net income attributable to the Company is calculated as Income before income taxes plus Net income from discontinued operations, if any, less Net income attributable to noncontrolling interests.
The following table presents a summary of the amounts reclassified from the Company's Accumulated other comprehensive income/(loss) for the years ended December 31, 2020, 2019, and 2018:
Description of component of
Accumulated other comprehensive
income/(loss)		Year ended December 31,Affected line item in
Statements of Operations
202020192018
(In thousands)
Adjustment for realized gains/(losses) on Investment securities available-for-sale, net:
Pre-tax gain/(loss)$— $— $(596)Gain/(loss) on sale of investments, net
Tax (expense)/benefit— — 170 Income tax (expense)/benefit
Net$— $— $(426)Net income/(loss) attributable to the Company
Adjustment for realized gains/(losses) on cash flow hedges:
Hedge related to deposits
Pre-tax gain/(loss)$70 $508 $907 Interest (expense)
Tax (expense)/benefit(21)(148)(261)Income tax (expense)/benefit
Net$49 $360 $646 Net income/(loss) attributable to the Company
Total reclassifications for the period, net of tax$49 $360 $220 Net income/(loss) attributable to the Company
On January 1, 2018, the Company elected to early adopt ASU No. 2017-12. As a result, the Company reclassified unrealized losses on cash flow hedges of $5 thousand from Accumulated other comprehensive income/(loss) to beginning Retained earnings.
On January 1, 2018, the Company adopted ASU No. 2016-01. As a result, the Company reclassified unrealized gains on Equity securities available-for-sale, net of tax, of $339 thousand from Accumulated other comprehensive income/(loss) to beginning Retained earnings.
The following table presents the after-tax changes in the components of the Company’s Accumulated other comprehensive income/(loss) for the years ended December 31, 2020, 2019, and 2018:
Components of Accumulated other comprehensive income/(loss)
Unrealized gain/(loss) on Investment securities available-for-saleUnrealized
gain/(loss)
on cash flow
hedges		Unrealized
gain/(loss)
on other		Accumulated
other
comprehensive
income/(loss)
(In thousands)
Balance at December 31, 2017$(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)
Other comprehensive income/(loss) before reclassifications25,991 (31)(306)25,654 
Amounts reclassified from other comprehensive income/(loss)— (360)— (360)
Other comprehensive income/(loss), net25,991 (391)(306)25,294 
Balance at December 31, 20198,435 — (860)7,575 
Other comprehensive income/(loss) before reclassifications24,237 (113)35 24,159 
Amounts reclassified from other comprehensive income/(loss)— (49)— (49)
Other comprehensive income/(loss), net24,237 (162)35 24,110 
Balance at December 31, 2020$32,672 $(162)$(825)$31,685