Annual report pursuant to Section 13 and 15(d)

SECURITIES (Gross Realized Gains and Losses on the Sale of Securities) (Details)

v3.20.4
SECURITIES (Gross Realized Gains and Losses on the Sale of Securities) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Securities [Abstract]      
Gross realized gains $ 12,522 $ 9,530 $ 4,221
Gross realized losses (228) (1,855) (3,838)
Gains on securities transactions, net [1],[2] 12,294 7,675 383
Proceeds from sales of securities $ 257,945 $ 514,070 $ 515,764
[1] Discontinued operations have an immaterial impact to the Company’s Consolidated Statements of Cash Flows. The change in goodwill impairment losses included in the Operating Activities section above are attributable to discontinued operations.
[2] Loans held for sale activity is included in the Operating Activities section above. Due to the increased mortgage related activity during 2020 and 2019, the loans held for sale activity is segregated between originations and purchases of loans held for sale and proceeds from sales of loans held for sale. 2018 loans held for sale activity is included in the change in loans held for sale and is attributable to discontinued operations which has an immaterial impact on the Company’s Consolidated Statements of Cash Flows.