Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income $ 209,131 $ 201,818 $ 234,510
Cash flow hedges:      
Change in fair value of cash flow hedges (net of tax, $243, $3,308, and $14,100, for the years ended December 31, 2024, 2023, 2022 respectively) (913) 12,445 (53,043)
AFS securities:      
Unrealized holding (losses) gains arising during period (net of tax, $5,247, $7,710, and $102,789, for the years ended December 31, 2024, 2023, 2022 respectively) (19,739) 29,006 (386,684)
Reclassification adjustment for losses included in net income (net of tax, $1,364, $8,608, and $1, for the years ended December 31, 2024, 2023, 2022 respectively) [1] 5,129 32,381 2
HTM securities:      
Reclassification adjustment for accretion of unrealized gain on AFS securities transferred to HTM (net of tax) [2] (6) (11) (18)
Bank owned life insurance:      
Unrealized holding (losses) gains arising during the period (16) 10 2,205
Reclassification adjustment for (gains) losses included in net income [3] (792) 1,106 617
Net current period other comprehensive (loss) income (16,337) 74,937 (436,921)
Comprehensive income (loss) $ 192,794 $ 276,755 $ (202,411)
[1] (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] (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] (3) Reclassifications in earnings are reported in "Salaries and benefits" expense on the Company’s Consolidated Statements of Income.