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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - 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 $ 49,416 $ 51,873 $ 102,192 $ 94,962
Changes in available for sale ("AFS") securities:        
Net change in unrealized gain (loss) on securities (43,558) (263,212) 22,609 (641,902)
Reclassification adjustment for net losses on hedged AFS securities 29,510 0 29,510 0
Reclassification adjustment for net losses realized in net income 325 2,641 1,429 650
Income tax (expense) benefit 3,366 60,429 (14,555) 159,799
Other comprehensive income (loss) on available for sale securities (10,357) (200,142) 38,993 (481,453)
Changes in securities held to maturity:        
Net amortization of unrealized losses on securities transferred from AFS 2,768 0 5,508 0
Income tax expense (693) 0 (1,753) 0
Other comprehensive income on held to maturity securities 2,075 0 3,755 0
Change in cash flow hedges:        
Net change in unrealized gain on derivatives 0 0 1,952 0
Reclassification adjustment for net losses (gains) on derivatives realized in net income (63) 182 701 363
Income taxes 24 (37) (635) (76)
Other comprehensive income (loss) on cash flow hedges (39) 145 2,018 287
Other comprehensive income (loss) (8,321) (199,997) 44,766 (481,166)
TOTAL COMPREHENSIVE INCOME (LOSS) $ 41,095 $ (148,124) $ 146,958 $ (386,204)