XML 46 R37.htm IDEA: XBRL DOCUMENT v3.22.2.2
STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Preferred Stock
The following table presents our total outstanding preferred stock as of the dates indicated:
September 30, 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 $94,956 
The following table summarizes redemptions and repurchases of these depositary shares for the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
($ in thousands)2022202120222021
Series D Preferred Stock:
Depositary shares repurchased— — — 3,730,767 
Preferred Stock retired (shares)— — — 93,269 
Consideration paid$— $— $— $93,269 
Carrying value— — — 89,922 
Impact of preferred stock redemption$— $— $— $3,347 
Series E Preferred Stock:
Depositary shares repurchased— — 3,948,080 — 
Preferred Stock retired (shares)— — 98,702 — 
Consideration paid$— $— $98,703 $— 
Carrying value— — 94,956 — 
Impact of preferred stock redemption$— $— $3,747 $— 
Schedule of Changes to Accumulate Other Comprehensive Income by Components The following table presents changes to AOCI for the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
($ in thousands)2022202120222021
Balance at beginning of period$(34,059)$14,740 $7,743 $7,746 
Unrealized loss on securities available-for-sale:
Unrealized loss arising during the period(19,289)(5,377)(78,392)4,535 
Reclassification adjustment from other comprehensive income— — (16)— 
Total unrealized loss on securities available-for-sale(19,289)(5,377)(78,408)4,535 
Amortization of unrealized loss of available-for-sale securities transferred to held-to-maturity275 — 608 — 
Tax effect of current period changes5,494 1,585 22,478 (1,333)
Total changes, net of taxes(13,520)(3,792)(55,322)3,202 
Balance at end of period$(47,579)$10,948 $(47,579)$10,948