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Other Comprehensive Income (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31,

 

 

 

2023

 

 

2022

 

 

 

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

 

$

40,424

 

 

$

(11,951

)

 

$

28,473

 

 

$

(202,072

)

 

$

59,740

 

 

$

(142,332

)

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

 

 

278

 

 

 

(82

)

 

 

196

 

 

 

54

 

 

 

(16

)

 

 

38

 

Net change

 

$

40,702

 

 

$

(12,033

)

 

$

28,669

 

 

$

(202,018

)

 

$

59,724

 

 

$

(142,294

)