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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024 and 2023. Amounts in parentheses indicate reductions to AOCI.
 
Unrealized Gains (Losses) on Available for Sale Securities (1)
Three Months Ended June 30,
(amounts in thousands)20242023
Balance at April 1
$(132,305)$(156,276)
Unrealized gains (losses) arising during period, before tax(851)(17,401)
Income tax effect219 4,420 
Other comprehensive income (loss) before reclassifications(632)(12,981)
Reclassification adjustments for (gains) losses included in net income, before tax719 — 
Income tax effect(185)— 
Amounts reclassified from accumulated other comprehensive income (loss) to net income
534 — 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,406 1,449 
Income tax effect(361)(368)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,045 1,081 
Net current-period other comprehensive income (loss)947 (11,900)
Balance at June 30
$(131,358)$(168,176)
Unrealized Gains (Losses) Available for Sale Securities (1)
Six Months Ended June 30,
(amounts in thousands)20242023
Balance at January 1
$(136,569)$(163,096)
Unrealized gains (losses) arising during period, before tax3,629 (9,131)
Income tax effect(919)2,319 
Other comprehensive income (loss) before reclassifications2,710 (6,812)
Reclassification adjustments for (gains) losses included in net income, before tax749 — 
Income tax effect(193)— 
Amounts reclassified from accumulated other comprehensive income (loss) to net income
556 — 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity2,612 2,321 
Income tax effect(667)(589)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,945 1,732 
Net current-period other comprehensive income (loss)5,211 (5,080)
Balance at June 30
$(131,358)$(168,176)
(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.