Quarterly report [Sections 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
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 49,818 $ 49,769
Cash flow hedges:    
Change in fair value of cash flow hedges (net of tax, $2,747 and $2,726 for the three months ended March 31, 2025 and 2024, respectively) 10,336 (10,253)
AFS securities:    
Unrealized holding gains (losses) arising during period (net of tax, $4,188 and $5,450 for the three months ended March 31, 2025 and 2024, respectively) 15,754 (20,501)
Reclassification adjustment for losses (gains) included in net income (net of tax, $21 and $1 for the three months ended March 31, 2025 and 2024, respectively) (1) [1] 81 (2)
HTM securities:    
Reclassification adjustment for accretion of unrealized gain on AFS securities transferred to HTM (net of tax) [2] 0 (2)
Bank owned life insurance:    
Unrealized holding losses arising during the period (10) (16)
Reclassification adjustment for gains included in net income [3] (190) (175)
Net current period other comprehensive (loss) income 25,971 (30,949)
Comprehensive income (loss) $ 75,789 $ 18,820
[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.