Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement of Comprehensive Income [Abstract]        
Net income $ 48,823 $ 47,327 $ 84,453 [1] $ 63,966 [1]
Cash flow hedges:        
Change in fair value of cash flow hedges (2,595) 675 (4,055) 2,639
Reclassification adjustment for losses included in net income (net of tax, $46 and $78 for the three months and $78 and $144 for the six months ended June 30, 2019 and 2018, respectively) [2] 173 294 293 543
AFS securities:        
Unrealized holding gains (losses) arising during period (net of tax, $5,888 and $687 for the three months and $11,226 and $4,193 for the six months ended June 30, 2019 and 2018, respectively) 22,151 (2,586) 42,233 (15,777)
Reclassification adjustment for losses (gains) included in net income (net of tax, $20 and $18 for the three months and $42 and $27 for the six months ended June 30, 2019 and 2018, respectively) [3] (73) 69 (159) (99)
HTM securities:        
Reclassification adjustment for accretion of unrealized gain on AFS securities transferred to HTM (net of tax, $1 and $26 for the three months and $3 and $106 for the six months ended June 30, 2019 and 2018, respectively) [4] (5) (99) (10) (398)
Bank owned life insurance:        
Reclassification adjustment for losses included in net income [5] 19 19 38 38
Other comprehensive income (loss) 19,670 (1,628) 38,340 (13,054)
Comprehensive income $ 68,493 $ 45,699 $ 122,793 $ 50,912
[1] Discontinued operations have an immaterial impact to the Company’s Consolidated Statement of Cash Flows. The change in loans held for sale included in the Operating Activities section for the six months ended June 30, 2018 are fully attributable to discontinued operations.
[2] The gross amounts reclassified into earnings are reported in the interest income and interest expense sections of the Company’s Consolidated Statements of Income with the corresponding income tax effect being reflected as a component of income tax expense.
[3] The gross amounts reclassified into earnings are reported as "Gains (losses) on securities transactions, net" on the Company’s Consolidated Statements of Income with the corresponding income tax effect being reflected as a component of income tax expense.
[4] 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.
[5] Reclassifications in earnings are reported in "Salaries and benefits" expense on the Company’s Consolidated Statements of Income.