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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Comprehensive Income [Abstract]        
NET INCOME $ 58,314 $ 27,454 $ 103,903 $ 92,549
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized holding (losses) gains arising during the period on available-for-sale securities (34,464) 11,763 35,499 (453,777)
Less: Reclassification adjustment for realized losses included in net income (391) (150) (391) (204)
Less: Realized losses on available-for-sale securities interest rate hedges (28,506) (22,832) (14,961) (60,031)
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity during the period 0 (206,682) 0 (206,682)
Less: Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity (6,505) (4,785) (13,553) (4,701)
Other comprehensive income (loss), before tax effect 938 (167,152) 64,404 (595,523)
Less: Tax effect of other comprehensive income (loss) 245 (43,685) 16,832 (155,640)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 693 (123,467) 47,572 (439,883)
COMPREHENSIVE INCOME (LOSS) $ 59,007 $ (96,013) $ 151,475 $ (347,334)