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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net income $ 73,727 $ 82,022 $ 223,023 $ 223,375
Available-for-sale debt securities:        
Net unrealized holding gains (losses) on debt securities [1] 160,054 (78,976) 155,549 (46,585)
Other comprehensive income (loss) for the period 160,054 (78,976) 155,549 (46,585)
Total comprehensive income $ 233,781 $ 3,046 $ 378,572 $ 176,790
[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.