Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - 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 $ 25,161 $ 55,241 $ 74,930 $ 90,894
Cash flow hedges:        
Change in fair value of cash flow hedges (net of tax, $95 and $4,340 for the three months and $2,820 and $694 for the six months ended June 30, 2024 and 2023, respectively) (357) (16,325) (10,610) (2,611)
AFS securities:        
Unrealized holding losses arising during period (net of tax, $3,433 and $8,651 for the three months and $8,883 and $126 for the six months ended June 30, 2024 and 2023, respectively) (12,917) (32,544) (33,417) (476)
Reclassification adjustment for losses (gains) included in net income (net of tax, $1,368 and $0 for the three months and $1,368 and $2,814 for the six months ended June 30, 2024 and 2023, respectively) [1] 5,148 (2) 5,145 10,584
HTM securities:        
Reclassification adjustment for accretion of unrealized gain on AFS securities transferred to HTM (net of tax) [2] (3) (2) (5) (5)
Bank owned life insurance:        
Unrealized holding (losses) gains arising during the period 0 0 (16) 10
Reclassification adjustment for gains included in net income [3] (160) (61) (335) (83)
Net current period other comprehensive loss (8,289) (48,934) (39,238) 7,419
Comprehensive income $ 16,872 $ 6,307 $ 35,692 $ 98,313
[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.