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Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss)
The following tables present the changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2024 and 2023. Amounts in parentheses indicate reductions to AOCI.
Unrealized Gains (Losses) on Available for Sale Securities (1)
 Three Months Ended March 31,
(amounts in thousands)20242023
Balance at January 1
$(136,569)$(163,096)
Unrealized gains (losses) arising during period, before tax4,480 8,270 
Income tax effect(1,138)(2,101)
Other comprehensive income (loss) before reclassifications3,342 6,169 
Reclassification adjustments for (gains) losses included in net income, before tax30 — 
Income tax effect(8)— 
Amounts reclassified from accumulated other comprehensive income (loss) to net income
22 — 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,206 872 
Income tax effect(306)(221)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity900 651 
Net current-period other comprehensive income (loss)4,264 6,820 
Balance at March 31
$(132,305)$(156,276)
(1)Reclassification amounts for AFS debt securities are reported as gain (loss) on sale of investment securities and amortization of unrealized losses on debt securities transferred from available-for-sale to held-to-maturity is reported within interest income on the consolidated statements of income.