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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Summary of Preferred Stock The following table presents our total outstanding preferred stock as of the dates indicated:
March 31, 2021December 31, 2020
($ in thousands)Shares OutstandingLiquidation PreferenceCarrying ValueShares OutstandingLiquidation PreferenceCarrying Value
Series D
7.375% non-cumulative perpetual
— $— $— 93,270 $93,270 $89,922 
Series E
7.00%
non-cumulative perpetual
98,702 98,702 94,956 98,702 98,702 94,956 
Total98,702 $98,702 $94,956 191,972 $191,972 $184,878 
The following table summarizes repurchases of these depositary shares for the periods indicated:
Three Months Ended
March 31,
($ in thousands)20212020
Series D Preferred Stock:
Depositary shares repurchased3,730,767 81,304 
Preferred Stock retired (shares)93,269 2,033 
Consideration paid$93,269 $1,458 
Carrying value89,922 1,959 
Impact of preferred stock redemption$3,347 $(501)
Series E Preferred Stock:
Depositary shares repurchased— 7,400 
Preferred Stock retired (shares)— 185 
Consideration paid$— $153 
Carrying value— 178 
Impact of preferred stock redemption$— $(25)
Changes to Accumulate Other Comprehensive Income by Components The following table presents changes to AOCI for the periods indicated:
Three Months Ended
March 31,
($ in thousands)20212020
Unrealized gain (loss) on securities available-for-sale
Balance at beginning of period$7,746 $(11,900)
Unrealized loss arising during the period(3,638)(59,885)
Tax effect of current period changes1,077 17,637 
Total changes, net of taxes(2,561)(42,248)
Balance at end of period$5,185 $(54,148)