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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net income $ 75,838 $ 70,655 $ 149,296 $ 141,353
Available-for-sale debt securities:        
Net unrealized holding gains (losses) on debt securities [1] 10,560 (54,837) (4,505) 32,391
Other comprehensive income (loss) for the period 10,560 (54,837) (4,505) 32,391
Total comprehensive income $ 86,398 $ 15,818 $ 144,791 $ 173,744
[1]
Net unrealized holding gains (losses) 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.