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STOCKHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Summary of Preferred Stock The following table presents our total outstanding preferred stock as of the dates indicated:
December 31,
20212020
($ in thousands)Shares Authorized and OutstandingLiquidation PreferenceCarrying ValueShares Authorized and 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 $184,878 
The following table summarizes repurchases and redemptions of these depositary shares during the periods indicated:
Year Ended December 31,
($ in thousands)202120202019
Series D Preferred Stock:
Depositary shares repurchased or redeemed3,730,767 134,410 734,823 
Preferred Stock retired (shares)93,269 3,360 18,371 
Consideration paid$93,269 $2,698 $19,392 
Carrying value89,922 3,240 17,711 
Impact of preferred stock redemption - Series D Preferred Stock (1)
$3,347 $(541)$1,681 
Series E Preferred Stock:
Depositary shares repurchased or redeemed— 70,967 980,928 
Preferred Stock retired (shares)— 1,774 24,523 
Consideration paid$— $1,680 $27,005 
Carrying value— 1,707 23,592 
Impact of preferred stock redemption - Series E Preferred Stock (1)
$— $(27)$3,412 
Total impact of preferred stock redemption (1)
$3,347 $(568)$5,093 
(1) Impact of redemption includes both shares repurchased in the open market at a premium or discount and shares redeemed at par on an eligible call date.
Changes to Accumulate Other Comprehensive Income by Components Reclassifications from AOCI occur when a security is sold, called or matures and are recorded on the consolidated statements of operations either as a gain or loss. The following table presents changes to AOCI for the periods indicated:
Year Ended December 31,
($ in thousands)202120202019
Unrealized (loss) gain on securities available-for -sale
Balance at beginning of period$7,746 $(11,900)$(24,117)
Unrealized gain (loss) arising during the period(7)29,867 11,734 
Reclassification adjustment from other comprehensive income
— (2,011)4,852 
OTTI reclassified from accumulated other comprehensive income (loss) to net income— — 731 
Tax effect of current period changes
4 (8,210)(5,100)
Total changes, net of taxes(3)19,646 12,217 
Balance at end of period$7,743 $7,746 $(11,900)