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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Comprehensive Income [Abstract]      
Net income $ 339,889 $ 60,351 $ 159,718
Other comprehensive (loss) income, net of tax:      
Unrealized (loss) gain on securities available-for-sale arising during the period, net of income taxes [1] (51,563) 48,674 33,226
Reclassification adjustment for net (gain) on sale of securities included in net income, net of income tax [2] (12,072) (9,905) (6,102)
Net unrealized loss on securities transferred from available-for-sale to held-to-maturity, net of income taxes [3] (4,692) 0 0
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity, net of income taxes [4] 173 0 0
Other comprehensive (loss) income, net of tax (68,154) 38,769 27,124
Comprehensive income, net of tax $ 271,735 $ 99,120 $ 186,842
[1] (1) Income tax (benefit) expense on unrealized (losses) gains on securities was $(20.6) million for 2021, $19.5 million for 2020, and $13.4 million for 2019.
[2] (2) Income tax expense on reclassification adjustment for net (gain) on sale of securities included in net income was $4.8 million for 2021, $4.0 million for 2020, and $2.5 million for 2019.
[3] (3) Income tax (benefit) on the unrealized loss on securities transferred from available-for-sale to held-to maturity was $(1.9) million for 2021, $0 for 2020, and $0 for 2019.
[4] (4) Income tax expense on the amortization of unrealized (loss) on securities transferred from available-for-sale to held-to maturity included in net income was $70,000 for 2021, $0 for 2020, and $0 for 2019.