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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
NET INCOME $ 40,763 $ 58,314 $ 79,634 $ 103,903
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized holding gains (losses) arising during the period on available-for-sale securities 363 (34,464) (25,786) 35,499
Less: Reclassification adjustment for realized losses included in net income 0 (391) 0 (391)
Less: Realized gains (losses) on available-for-sale securities interest rate hedges 2,793 (28,506) (12,582) (14,961)
Less: Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity (5,862) (6,505) (11,707) (13,553)
Other comprehensive income (loss), before tax effect 3,432 938 (1,497) 64,404
Less: Tax effect of other comprehensive income (loss) 897 245 (391) 16,832
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 2,535 693 (1,106) 47,572
COMPREHENSIVE INCOME $ 43,298 $ 59,007 $ 78,528 $ 151,475