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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Jun. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Statement of Comprehensive Income [Abstract]          
Net income $ 28,392 $ 27,303 $ 20,232 $ 83,697 $ 43,929
Other comprehensive income, net of tax:          
Unrealized holding (loss)/gain on securities arising during the period, net of income taxes [1] (3,630) (3,122) (196) (16,095) 7,153
Reclassification adjustment for net (gains) losses on sale of securities included in net income, net of income taxes [2] (834) (240) (588) (1,079) (1,956)
Other comprehensive (loss) income, net of tax (4,464) (3,362) (784) (17,174) 5,197
Comprehensive income, net of tax $ 23,928 $ 23,941 $ 19,448 $ 66,523 $ 49,126
[1] Income tax (benefit) expense on the unrealized (loss)/gain on securities was $(1.6) million for the three months ended September 30, 2018, $(1.3) million for the three months ended June 30, 2018, $(253,000) for the three months ended September 30, 2017, $(6.8) million for the nine months ended September 30, 2018 and $4.7 million for the nine months ended September 30, 2017.
[2] Income tax (benefit) expense on the reclassification adjustment for net (gains) losses on sale of securities included in net income was $229,000 for the three months ended September 30, 2018, $90,000 for the three months ended June 30, 2018, $308,000 for the three months ended September 30, 2017, $320,000 for the nine months ended September 30, 2018 and $1.0 million for the nine months ended September 30, 2017.