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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
NET INCOME $ 47,247 $ 80,603 $ 151,150 $ 173,152
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized holding losses arising during the period on available-for-sale securities (131,603) (204,940) (96,104) (658,717)
Less: Reclassification adjustment for realized losses included in net income 0 (22) (391) (226)
Less: Realized losses on available-for-sale securities interest rate hedges (24,657) (41,412) (39,618) (101,443)
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity during the period 0 0 0 (206,682)
Less: Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity (6,233) (4,700) (19,786) (9,401)
Other comprehensive loss, before tax effect (100,713) (158,806) (36,309) (754,329)
Less: Tax effect of other comprehensive loss (26,321) (41,504) (9,489) (197,144)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (74,392) (117,302) (26,820) (557,185)
COMPREHENSIVE INCOME (LOSS) $ (27,145) $ (36,699) $ 124,330 $ (384,033)