Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income

Comprehensive Income

NOTE 8 — COMPREHENSIVE INCOME

Comprehensive income is net income plus other comprehensive income (loss). Other comprehensive income (loss) currently consists of the change in net unrealized gains on available-for-sale mortgage securities and amounts related to derivatives held as cash flow hedges. As of June 30, 2011, the Accumulated other comprehensive income (loss) component of Stockholders' equity consisted of net unrealized gains on mortgage securities held available-for-sale totaling $210.8 million and net unrealized losses on derivatives held as cash flow hedges totaling $10.5 million. The following provides information regarding the components of comprehensive income (in thousands):

	Quarter Ended June 30						Six Months Ended June 30
	2011			2010			2011			2010
Net income	$	42,541		$	29,759		$	77,233		$	70,196
Other comprehensive income (loss):
Amounts related to available-for-sale securities:
Change in net unrealized gains		29,439			7,048			30,447			(3,314	)
Amounts related to cash flow hedges:
Change in net unrealized losses		(16,883	)		(10,111	)		(17,561	)		(25,223	)
Reclassification adjustment for amounts included in net income		7,467			6,892			13,579			15,778
Other comprehensive income (loss)		20,023			3,829			26,465			(12,759	)
Comprehensive income	$	62,564		$	33,588		$	103,698		$	57,437