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STOCKHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 9. STOCKHOLDERS’ EQUITY Repurchase Programs As of September 30, 2023, the Company does not have an active share repurchase program. The Company’s prior share repurchase plan expired on December 9, 2022. During the nine months ended September 30, 2022, the Company repurchased an aggregate of 1.3 million shares (or $48.2 million), and none of these shares were repurchased during the third quarter of 2022. Accumulated Other Comprehensive Income (Loss) The change in AOCI for the three and nine months ended September 30, 2023 is summarized as follows, net of tax (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gains |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) on | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | BOLI | ​ | Total
AOCI (loss) – June 30, 2023 | ​ | $ | (353,811) | ​ | $ | 12 | ​ | $ | (57,221) | ​ | $ | 153 | ​ | $ | (410,867)
Other comprehensive (loss) income: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
Other comprehensive loss before reclassification | ​ |  | (79,193) | ​ | ​ | — | ​ | ​ | (9,581) | ​ | ​ | — | ​ |  | (88,774)
Amounts reclassified from AOCI into earnings | ​ |  | 21,799 | ​ | ​ | (2) | ​ | ​ | — | ​ | ​ | (62) | ​ |  | 21,735
Net current period other comprehensive loss | ​ |  | (57,394) | ​ |  | (2) | ​ |  | (9,581) | ​ |  | (62) | ​ |  | (67,039)
AOCI (loss) – September 30, 2023 | ​ | $ | (411,205) | ​ | $ | 10 | ​ | $ | (66,802) | ​ | $ | 91 | ​ | $ | (477,906)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gains |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) on | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | BOLI | ​ | Total
AOCI (loss) – December 31, 2022 | ​ | $ | (363,919) | ​ | $ | 17 | ​ | $ | (54,610) | ​ | $ | 226 | ​ | $ | (418,286)
Other comprehensive income (loss): | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
Other comprehensive (loss) income before reclassification | ​ |  | (79,669) | ​ | ​ | — | ​ | ​ | (12,192) | ​ | ​ | 10 | ​ |  | (91,851)
Amounts reclassified from AOCI into earnings | ​ |  | 32,383 | ​ | ​ | (7) | ​ | ​ | — | ​ | ​ | (145) | ​ |  | 32,231
Net current period other comprehensive loss | ​ |  | (47,286) | ​ |  | (7) | ​ |  | (12,192) | ​ |  | (135) | ​ |  | (59,620)
AOCI (loss) – September 30, 2023 | ​ | $ | (411,205) | ​ | $ | 10 | ​ | $ | (66,802) | ​ | $ | 91 | ​ | $ | (477,906)
​ ​ ​ ​ The change in AOCI for the three and nine months ended September 30, 2022 is summarized as follows, net of tax (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gain |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | on BOLI | ​ | Total
AOCI (loss) – June 30, 2022 | ​ | $ | (277,577) | ​ | $ | 25 | ​ | $ | (36,452) | ​ | $ | (2,279) | ​ | $ | (316,283)
Other comprehensive (loss) income: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive loss before reclassification | ​ |  | (121,841) | ​ | ​ | — | ​ | ​ | (24,142) | ​ | ​ | — | ​ | ​ | (145,983)
Amounts reclassified from AOCI into earnings | ​ |  | — | ​ | ​ | (4) | ​ | ​ | — | ​ | ​ | 151 | ​ | ​ | 147
Net current period other comprehensive (loss) income | ​ |  | (121,841) | ​ |  | (4) | ​ |  | (24,142) | ​ |  | 151 | ​ |  | (145,836)
AOCI (loss) – September 30, 2022 | ​ | $ | (399,418) | ​ | $ | 21 | ​ | $ | (60,594) | ​ | $ | (2,128) | ​ | $ | (462,119)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gain |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | on BOLI | ​ | Total
AOCI – December 31, 2021 | ​ | $ | 22,763 | ​ | $ | 35 | ​ | $ | (1,567) | ​ | $ | (2,596) | ​ | $ | 18,635
Other comprehensive (loss) income: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive loss before reclassification | ​ |  | (422,183) | ​ | ​ | — | ​ | ​ | (59,027) | ​ | ​ | — | ​ | ​ | (481,210)
Amounts reclassified from AOCI into earnings | ​ |  | 2 | ​ | ​ | (14) | ​ | ​ | — | ​ | ​ | 468 | ​ | ​ | 456
Net current period other comprehensive (loss) income | ​ |  | (422,181) | ​ |  | (14) | ​ |  | (59,027) | ​ |  | 468 | ​ |  | (480,754)
AOCI (loss) – September 30, 2022 | ​ | $ | (399,418) | ​ | $ | 21 | ​ | $ | (60,594) | ​ | $ | (2,128) | ​ | $ | (462,119)
​

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