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Other Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Summary of Components of Other Comprehensive Income

The table below provides a summary of the components of other comprehensive income (“OCI”) for the periods presented.

 

 

 

Three Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

Before-tax

 

 

Tax effect

 

 

After-tax

 

 

Before-tax

 

 

Tax effect

 

 

After-tax

 

 

 

(Dollars in thousands)

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in fair value recorded in accumulated OCI

 

$

(194,111

)

 

$

57,386

 

 

$

(136,725

)

 

$

(14,515

)

 

$

4,291

 

 

$

(10,224

)

Amortization of net unrealized losses on securities
   transferred from available-for-sale to held-to-maturity

 

 

95

 

 

 

(28

)

 

 

67

 

 

 

72

 

 

 

(21

)

 

 

51

 

Net change

 

$

(194,016

)

 

$

57,358

 

 

$

(136,658

)

 

$

(14,443

)

 

$

4,270

 

 

$

(10,173

)

 

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

Before-tax

 

 

Tax effect

 

 

After-tax

 

 

Before-tax

 

 

Tax effect

 

 

After-tax

 

 

 

(Dollars in thousands)

 

Investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in fair value recorded in accumulated OCI

 

$

(539,066

)

 

$

159,367

 

 

$

(379,699

)

 

$

(45,989

)

 

$

13,596

 

 

$

(32,393

)

Amortization of net unrealized losses on securities
   transferred from available-for-sale to held-to-maturity

 

 

242

 

 

 

(72

)

 

 

170

 

 

 

173

 

 

 

(51

)

 

 

122

 

Net change

 

$

(538,825

)

 

$

159,296

 

 

$

(379,529

)

 

$

(45,816

)

 

$

13,545

 

 

$

(32,271

)