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Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2024, 2023 and 2022. Amounts in parentheses indicate reductions to accumulated other comprehensive income (loss).
(amounts in thousands)
Unrealized Gains (Losses) on AFS Securities (1)
Balance, December 31, 2021$(4,980)
Current period:
Unrealized gains (losses) arising during period, before tax(236,834)
Income tax effect61,577 
Other comprehensive income (loss) before reclassifications(175,257)
Reclassification adjustments for losses (gains) included in net income, before tax23,164 
Income tax effect(6,023)
Amounts reclassified from accumulated other comprehensive income (loss) to net income17,141 
Net current-period other comprehensive income (loss)(158,116)
Balance, December 31, 2022(163,096)
Current period:
Unrealized gains (losses) arising during period, before tax31,146 
  Income tax effect(7,911)
Other comprehensive income (loss) before reclassifications23,235 
Reclassification adjustments for losses (gains) included in net income, before tax(574)
Income tax effect146 
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity, before tax
4,986 
Income, tax effect(1,266)
Amounts reclassified from accumulated other comprehensive income (loss) to net income3,292 
Net current-period other comprehensive income (loss)26,527 
Balance, December 31, 2023(136,569)
Current period:
Unrealized gains (losses) arising during period, before tax21,672 
  Income tax effect(5,467)
Other comprehensive income (loss) before reclassifications16,205 
Reclassification adjustments for losses (gains) included in net income, before tax27,009 
Income, tax effect(7,099)
Amortization of unrealized loss on securities transferred from available-for-sale to held-to-maturity, before tax
5,247 
Income, tax effect(1,353)
Amounts reclassified from accumulated other comprehensive income (loss) to net income23,804 
 Net current-period other comprehensive income (loss)40,009 
Balance, December 31, 2024$(96,560)
(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.