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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The following table presents the changes in the components of AOCI balances for the three and nine months ended September 30, 2021 and 2020:
($ in thousands) |  | AFS Debt Securities |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustments (1) |  | Total
Balance, July 1, 2020 |  | $ | 42,850 |  |  | $ | (1,333) |  |  | $ | (18,383) |  |  | $ | 23,134 |
Net unrealized gains arising during the period |  | 5,126 |  |  | 25 |  |  | 5,459 |  |  | 10,610 |
Amounts reclassified from AOCI |  | (492) |  |  | 62 |  |  | — |  |  | (430) |
Changes, net of tax |  | 4,634 |  |  | 87 |  |  | 5,459 |  |  | 10,180 |
Balance, September 30, 2020 |  | $ | 47,484 |  |  | $ | (1,246) |  |  | $ | (12,924) |  |  | $ | 33,314 |
Balance, July 1, 2021 |  | $ | (8,152) |  |  | $ | (730) |  |  | $ | (5,807) |  |  | $ | (14,689) |
Net unrealized losses arising during the period |  | (40,928) |  |  | (121) |  |  | (1,752) |  |  | (42,801) |
Amounts reclassified from AOCI |  | (250) |  |  | 172 |  |  | — |  |  | (78) |
Changes, net of tax |  | (41,178) |  |  | 51 |  |  | (1,752) |  |  | (42,879) |
Balance, September 30, 2021 |  | $ | (49,330) |  |  | $ | (679) |  |  | $ | (7,559) |  |  | $ | (57,568) |
($ in thousands) |  | AFS Debt Securities |  | Cash Flow Hedges |  | Foreign Currency Translation Adjustments (1) |  | Total
Balance, January 1, 2020 |  | $ | (2,419) |  |  | $ | — |  |  | $ | (15,989) |  |  | $ | (18,408) |
Net unrealized gains (losses) arising during the period |  | 58,262 |  |  | (1,038) |  |  | 3,065 |  |  | 60,289 |
Amounts reclassified from AOCI |  | (8,359) |  |  | (208) |  |  | — |  |  | (8,567) |
Changes, net of tax |  | 49,903 |  |  | (1,246) |  |  | 3,065 |  |  | 51,722 |
Balance, September 30, 2020 |  | $ | 47,484 |  |  | $ | (1,246) |  |  | $ | (12,924) |  |  | $ | 33,314 |
Balance, January 1, 2021 |  | $ | 52,247 |  |  | $ | (1,230) |  |  | $ | (6,692) |  |  | $ | 44,325 |
Net unrealized (losses) gains arising during the period |  | (100,747) |  |  | 108 |  |  | (867) |  |  | (101,506) |
Amounts reclassified from AOCI |  | (830) |  |  | 443 |  |  | — |  |  | (387) |
Changes, net of tax |  | (101,577) |  |  | 551 |  |  | (867) |  |  | (101,893) |
Balance, September 30, 2021 |  | $ | (49,330) |  |  | $ | (679) |  |  | $ | (7,559) |  |  | $ | (57,568) |
(1)Represents foreign currency translation adjustments related to the Company’s net investment in non-U.S. operations, including related hedges. The functional currency and reporting currency of the Company’s foreign subsidiary was RMB and USD, respectively. The following table presents the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and nine months ended September 30, 2021 and 2020:
($ in thousands) |  | Three Months Ended September 30,
| 2021 |  | 2020
| Before-Tax |  | Tax Effect |  | Net-of-Tax |  | Before-Tax |  | Tax Effect |  | Net-of-Tax
AFS debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | $ | (58,138) |  |  | $ | 17,210 |  |  | $ | (40,928) |  |  | $ | 7,304 |  |  | $ | (2,178) |  |  | $ | 5,126 |
Net realized (gains) reclassified into net income (1) |  | (354) |  |  | 104 |  |  | (250) |  |  | (698) |  |  | 206 |  |  | (492) |
Net change |  | (58,492) |  |  | 17,314 |  |  | (41,178) |  |  | 6,606 |  |  | (1,972) |  |  | 4,634 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | (170) |  |  | 49 |  |  | (121) |  |  | 34 |  |  | (9) |  |  | 25 |
Net realized losses reclassified into net income (2) |  | 241 |  |  | (69) |  |  | 172 |  |  | 87 |  |  | (25) |  |  | 62 |
Net change |  | 71 |  |  | (20) |  |  | 51 |  |  | 121 |  |  | (34) |  |  | 87 |
Foreign currency translation adjustments, net of hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | (1,878) |  |  | 126 |  |  | (1,752) |  |  | 4,419 |  |  | 1,040 |  |  | 5,459 |
Net change |  | (1,878) |  |  | 126 |  |  | (1,752) |  |  | 4,419 |  |  | 1,040 |  |  | 5,459 |
Other comprehensive (loss) income |  | $ | (60,299) |  |  | $ | 17,420 |  |  | $ | (42,879) |  |  | $ | 11,146 |  |  | $ | (966) |  |  | $ | 10,180 |
($ in thousands) |  | Nine Months Ended September 30,
| 2021 |  | 2020
| Before-Tax |  | Tax Effect |  | Net-of-Tax |  | Before-Tax |  | Tax Effect |  | Net-of-Tax
AFS debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | $ | (143,131) |  |  | $ | 42,384 |  |  | $ | (100,747) |  |  | $ | 82,767 |  |  | $ | (24,505) |  |  | $ | 58,262 |
Net realized (gains) reclassified into net income (1) |  | (1,178) |  |  | 348 |  |  | (830) |  |  | (11,867) |  |  | 3,508 |  |  | (8,359) |
Net change |  | (144,309) |  |  | 42,732 |  |  | (101,577) |  |  | 70,900 |  |  | (20,997) |  |  | 49,903 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) arising during the period |  | 150 |  |  | (42) |  |  | $ | 108 |  |  | (1,449) |  |  | 411 |  |  | (1,038) |
Net realized losses (gains) reclassified into net income (2) |  | 619 |  |  | (176) |  |  | 443 |  |  | (290) |  |  | 82 |  |  | (208) |
Net change |  | 769 |  |  | (218) |  |  | 551 |  |  | (1,739) |  |  | 493 |  |  | (1,246) |
Foreign currency translation adjustments, net of hedges: |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized (losses) gains arising during the period |  | (1,603) |  |  | 736 |  |  | (867) |  |  | 2,274 |  |  | 791 |  |  | 3,065 |
Net change |  | (1,603) |  |  | 736 |  |  | (867) |  |  | 2,274 |  |  | 791 |  |  | 3,065 |
Other comprehensive (loss) income |  | $ | (145,143) |  |  | $ | 43,250 |  |  | $ | (101,893) |  |  | $ | 71,435 |  |  | $ | (19,713) |  |  | $ | 51,722 |
(1)For the three and nine months ended September 30, 2021 and 2020, pre-tax amounts were reported in Gains on sales of AFS debt securities on the Consolidated Statement of Income. (2)For the three and nine months ended September 30, 2021 and 2020, pre-tax amounts were reported in Interest expense on the Consolidated Statement of Income.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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