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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT
The following tables present the changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2024 and 2023. Amounts in parentheses indicate reductions to AOCI.
Unrealized Gains (Losses) Available for Sale Securities (1)
Three Months Ended September 30,
(amounts in thousands)20242023
Balance at July 1
$(131,358)$(168,176)
Unrealized gains (losses) arising during period, before tax32,810 23,666 
Income tax effect(8,432)(6,011)
Other comprehensive income (loss) before reclassifications24,378 17,655 
Reclassification adjustments for (gains) losses included in net income, before tax— (429)
Income tax effect— 109 
Amounts reclassified from accumulated other comprehensive income (loss) to net income
— (320)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,209 1,379 
Income tax effect(311)(350)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity898 1,029 
Net current-period other comprehensive income (loss)25,276 18,364 
Balance at September 30
$(106,082)$(149,812)

Unrealized Gains (Losses) Available for Sale Securities (1)
Nine Months Ended September 30,
(amounts in thousands)20242023
Balance at January 1
$(136,569)$(163,096)
Unrealized gains (losses) arising during period, before tax36,439 14,535 
Income tax effect(9,351)(3,692)
Other comprehensive income (loss) before reclassifications27,088 10,843 
Reclassification adjustments for (gains) losses included in net income, before tax749 (429)
Income tax effect(193)109 
Amounts reclassified from accumulated other comprehensive income (loss) to net income
556 (320)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity3,821 3,700 
Income tax effect(978)(939)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity2,843 2,761 
Net current-period other comprehensive income (loss)30,487 13,284 
Balance at September 30
$(106,082)$(149,812)
(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.