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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
NET INCOME $ 27,454 $ 74,924 $ 92,549 $ 142,344
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized holding gains (losses) arising during the period on available-for-sale securities 21,333 71,801 (444,375) (53,916)
Less: Reclassification adjustment for realized (loss) gains included in net income (150) 5,127 (204) 10,598
Less: Realized loss on available-for-sale securities interest rate hedges (22,832) 0 (60,031) 0
Net unrealized losses on securities transferred from available for sale to held to maturity during the period (206,682) 0 (206,682) 0
Less: Accretion of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 4,785 0 4,701 0
Other comprehensive income (loss), before tax effect (167,152) 66,674 (595,523) (64,514)
Less: Tax effect of other comprehensive income (loss) (43,685) 17,425 (155,640) (16,861)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (123,467) 49,249 (439,883) (47,653)
COMPREHENSIVE INCOME (LOSS) $ (96,013) $ 124,173 $ (347,334) $ 94,691