Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Net income $ 54,017 $ 58,070 $ 144,911 $ 163,986
Cash flow hedges:        
Change in fair value of cash flow hedges (net of tax, $2,547 and $6,417 for the three months and $3,241 and $15,691 for the nine months ended September 30, 2023 and 2022, respectively) (9,581) (24,142) (12,192) (59,027)
AFS securities:        
Unrealized holding losses arising during period (net of tax, $21,051 and $32,388 for the three months and $21,178 and $112,226 for the nine months ended September 30, 2023 and 2022, respectively) (79,193) (121,841) (79,669) (422,183)
Reclassification adjustment for losses included in net income (net of tax, $5,795 and $0 for the three months and $8,608 and $0 for the nine months ended September 30, 2023 and 2022, respectively) [1] 21,799 0 32,383 2
HTM securities:        
Reclassification adjustment for accretion of unrealized gain on AFS securities transferred to HTM (net of tax) [2] (2) (4) (7) (14)
Bank owned life insurance:        
Unrealized holding gains arising during the period 0 0 10 0
Reclassification adjustment for (gains) losses included in net income [3] (62) 151 (145) 468
Other comprehensive (loss) income: (67,039) (145,836) (59,620) (480,754)
Comprehensive (loss) income $ (13,022) $ (87,766) $ 85,291 $ (316,768)
[1] The gross amounts reclassified into earnings are reported as "Other operating income" on the Company’s Consolidated Statements of Income with the corresponding income tax effect being reflected as a component of income tax expense.
[2] The gross amounts reclassified into earnings are reported within interest income on the Company’s Consolidated Statements of Income with the corresponding income tax effect being reflected as a component of income tax expense.
[3] Reclassifications in earnings are reported in "Salaries and benefits" expense on the Company’s Consolidated Statements of Income.