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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Summary of Preferred Stock
The following table presents our total outstanding preferred stock as of the dates indicated:
March 31, 2022December 31, 2021
($ in thousands)Shares OutstandingLiquidation PreferenceCarrying ValueShares OutstandingLiquidation PreferenceCarrying Value
Series E
7.00%
non-cumulative perpetual
— — — 98,702 98,702 94,956 
Total $ $ 98,702 $98,702 $94,956 

The following table summarizes repurchases of these depositary shares for the periods indicated:
Three Months Ended
March 31,
($ in thousands)20222021
Series D Preferred Stock:
Depositary shares repurchased— 3,730,767 
Preferred Stock retired (shares)— 93,269 
Consideration paid$— $93,269 
Carrying value— 89,922 
Impact of preferred stock redemption$— $3,347 
Series E Preferred Stock:
Depositary shares repurchased3,948,080 — 
Preferred Stock retired (shares)98,702 — 
Consideration paid$98,703 $— 
Carrying value94,956 — 
Impact of preferred stock redemption$3,747 $— 
Changes to Accumulate Other Comprehensive Income by Components The following table presents changes to AOCI for the periods indicated:
Three Months Ended
March 31,
($ in thousands)20222021
Balance at beginning of period$7,743 $7,746 
Unrealized loss on securities available-for-sale:
Unrealized loss arising during the period(38,087)(3,638)
Reclassification adjustment from other comprehensive income(16)— 
Total unrealized loss on securities available-for-sale(38,103)(3,638)
Amortization of unrealized loss of available-for-sale securities transferred to held-to-maturity87 — 
Tax effect of current period changes11,101 1,077 
Total changes, net of taxes(26,915)(2,561)
Balance at end of period$(19,172)$5,185