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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net income $ 70,655 $ 74,695 $ 141,353 $ 157,295
Available-for-sale debt securities:        
Net unrealized holding (losses) gains on debt securities [1] (54,837) (175,923) 32,391 (507,757)
Other comprehensive (loss) income for the period, net of tax (54,837) (175,923) 32,391 (507,757)
Total comprehensive income (loss) $ 15,818 $ (101,228) $ 173,744 $ (350,462)
[1]
Net unrealized holding (losses) gains on available-for-sale
 
debt securities have no tax effect because securities
 
are either tax-exempt, held by an International Banking Entity (“IBE”),
 
or
have a full deferred tax asset valuation allowance.