XML 76 R50.htm IDEA: XBRL DOCUMENT v3.20.4
EQUITY (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Comprehensive Income (Loss)
The following table presents the Company’s comprehensive income/(loss) and related tax effect for the years ended December 31, 2020, 2019, and 2018:
202020192018
Pre-
tax
Tax
effect
Net of
Tax
Pre-
tax
Tax
effect
Net of
Tax
Pre-
tax
Tax
effect
Net of
Tax
(In thousands)
Unrealized gain/(loss) on Investment securities available-for-sale
Net gains/(losses) arising during period$33,796 $9,559 $24,237 $36,092 $10,101 $25,991 $(13,205)$(3,702)$(9,503)
Add: Adjustment for realized (gains)/losses, net   — — — 596 170 426 
Net change33,796 9,559 24,237 36,092 10,101 25,991 (12,609)(3,532)(9,077)
Unrealized gain/(loss) on cash flow hedges
Net gains/(losses) arising during period(158)(45)(113)(46)(15)(31)985 285 700 
Add: Adjustment for realized (gains)/losses, net(70)(21)(49)(508)(148)(360)(907)(261)(646)
Net change(228)(66)(162)(554)(163)(391)78 24 54 
Unrealized gain/(loss) on other
Net gains/(losses) arising during period50 15 35 (432)(126)(306)416 120 296 
Net change50 15 35 (432)(126)(306)416 120 296 
Total other comprehensive income/(loss)33,618 9,508 24,110 35,106 9,812 25,294 (12,115)(3,388)(8,727)
Net income attributable to the Company (1)54,041 8,888 45,153 102,619 22,591 80,028 117,921 37,537 80,384 
Total comprehensive income$87,659 $18,396 $69,263 $137,725 $32,403 $105,322 $105,806 $34,149 $71,657 
___________________
(1)Pre-tax Net income attributable to the Company is calculated as Income before income taxes plus Net income from discontinued operations, if any, less Net income attributable to noncontrolling interests.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents a summary of the amounts reclassified from the Company's Accumulated other comprehensive income/(loss) for the years ended December 31, 2020, 2019, and 2018:
Description of component of
Accumulated other comprehensive
income/(loss)
Year ended December 31,Affected line item in
Statements of Operations
202020192018
(In thousands)
Adjustment for realized gains/(losses) on Investment securities available-for-sale, net:
Pre-tax gain/(loss)$ $— $(596)Gain/(loss) on sale of investments, net
Tax (expense)/benefit — 170 Income tax (expense)/benefit
Net$ $— $(426)Net income/(loss) attributable to the Company
Adjustment for realized gains/(losses) on cash flow hedges:
Hedge related to deposits
Pre-tax gain/(loss)$70 $508 $907 Interest (expense)
Tax (expense)/benefit(21)(148)(261)Income tax (expense)/benefit
Net$49 $360 $646 Net income/(loss) attributable to the Company
Total reclassifications for the period, net of tax$49 $360 $220 Net income/(loss) attributable to the Company
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the after-tax changes in the components of the Company’s Accumulated other comprehensive income/(loss) for the years ended December 31, 2020, 2019, and 2018:
Components of Accumulated other comprehensive income/(loss)
Unrealized gain/(loss) on Investment securities available-for-saleUnrealized
gain/(loss)
on cash flow
hedges
Unrealized
gain/(loss)
on other
Accumulated
other
comprehensive
income/(loss)
(In thousands)
Balance at December 31, 2017$(8,140)$332 $(850)$(8,658)
Other comprehensive income/(loss) before reclassifications(9,503)700 296 (8,507)
Amounts reclassified from other comprehensive income/(loss)426 (646)— (220)
Other comprehensive income/(loss), net(9,077)54 296 (8,727)
Reclassification due to the adoption of ASU 2017-12 and 2016-01(339)— (334)
Balance at December 31, 2018(17,556)391 (554)(17,719)
Other comprehensive income/(loss) before reclassifications25,991 (31)(306)25,654 
Amounts reclassified from other comprehensive income/(loss)— (360)— (360)
Other comprehensive income/(loss), net25,991 (391)(306)25,294 
Balance at December 31, 20198,435 — (860)7,575 
Other comprehensive income/(loss) before reclassifications24,237 (113)35 24,159 
Amounts reclassified from other comprehensive income/(loss) (49) (49)
Other comprehensive income/(loss), net24,237 (162)35 24,110 
Balance at December 31, 2020$32,672 $(162)$(825)$31,685