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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement of Comprehensive Income [Abstract]          
Net income $ 38,527 $ 38,718 $ 27,303 $ 77,245 $ 55,305
Other comprehensive income, net of tax:          
Unrealized holding gain (loss) on securities available-for-sale arising during the period, net of income taxes [1] 17,449 10,967 (3,122) 28,416 (12,465)
Reclassification adjustment for net gain on sale of securities included in net income, net of income taxes [2] (151) (306) (240) (457) (245)
Other comprehensive income (loss), net of tax 17,298 10,661 (3,362) 27,959 (12,710)
Comprehensive income, net of tax $ 55,825 $ 49,379 $ 23,941 $ 105,204 $ 42,595
[1] Income tax expense (benefit) on the unrealized gain (loss) on securities was $7.1 million for the three months ended June 30, 2019, $4.5 million for the three months ended March 31, 2019, $(1.3) million for the three months ended June 30, 2018, $11.6 million for the six months ended June 30, 2019 and $(5.2) million for the six months ended June 30, 2018.
[2] Income tax expense on the reclassification adjustment for net gains losses on sale of securities included in net income was $61,000 for the three months ended June 30, 2019, $121,000 for the three months ended March 31, 2019, $90,000 for the three months ended June 30, 2018, $182,000 for the six months ended June 30, 2019 and $91,000 for the six months ended June 30, 2018.