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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2025 and 2024. Amounts in parentheses indicate reductions to AOCI:
Three Months Ended September 30, 2025
(amounts in thousands)
Unrealized Gains (Losses) on Available for Sale Securities (1)
Unrealized Gains (Losses) on Cash Flow Hedges (2)
Total
Balance at July 1
$(71,325)$— $(71,325)
Unrealized gains (losses) arising during period, before tax22,929 2,286 25,215 
Income tax effect(6,066)(605)(6,671)
Other comprehensive income (loss) before reclassifications16,863 1,681 18,544 
Reclassification adjustments for (gains) losses included in net income, before tax(186)1,412 1,226 
Income tax effect49 (373)(324)
Amounts reclassified from accumulated other comprehensive income (loss) to net income
(137)1,039 902 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,074 — 1,074 
Income tax effect(284)— (284)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity790 — 790 
Net current-period other comprehensive income (loss)17,516 2,720 20,236 
Balance at September 30
$(53,809)$2,720 $(51,089)
Three Months Ended September 30, 2024
(amounts in thousands)
Unrealized Gains (Losses) on Available for Sale Securities (1)
Unrealized Gains (Losses) on Cash Flow Hedges (2)
Total
Balance at July 1
$(131,358)$— $(131,358)
Unrealized gains (losses) arising during period, before tax32,810 — 32,810 
Income tax effect(8,432)— (8,432)
Other comprehensive income (loss) before reclassifications24,378 — 24,378 
Reclassification adjustments for (gains) losses included in net income, before tax— — — 
Income tax effect— — — 
Amounts reclassified from accumulated other comprehensive income (loss) to net income
— — — 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity1,209 — 1,209 
Income tax effect(311)— (311)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity898 — 898 
Net current-period other comprehensive income (loss)25,276 — 25,276 
Balance at September 30
$(106,082)$— $(106,082)

Nine Months Ended September 30, 2025
(amounts in thousands)
Unrealized Gains (Losses) Available for Sale Securities (1)
Unrealized Gains (Losses) on Cash Flow Hedges (2)
Total
Balance at January 1
$(96,560)$— $(96,560)
Unrealized gains (losses) arising during period, before tax1,669 2,286 3,955 
Income tax effect(463)(605)(1,068)
Other comprehensive income (loss) before reclassifications1,206 1,681 2,887 
Reclassification adjustments for (gains) losses included in net income, before tax52,930 1,412 54,342 
Income tax effect(13,923)(373)(14,296)
Amounts reclassified from accumulated other comprehensive income (loss) to net income
39,007 1,039 40,046 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity3,449 — 3,449 
Income tax effect(911)— (911)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity2,538 — 2,538 
Net current-period other comprehensive income (loss)42,751 2,720 45,471 
Balance at September 30
$(53,809)$2,720 $(51,089)
Nine Months Ended September 30, 2024
(amounts in thousands)
Unrealized Gains (Losses) on Available for Sale Securities (1)
Unrealized
Gains (Losses) on Cash Flow Hedges (2)
Total
Balance at January 1
$(136,569)$— $(136,569)
Unrealized gains (losses) arising during period, before tax36,439 — 36,439 
Income tax effect(9,351)— (9,351)
Other comprehensive income (loss) before reclassifications27,088 — 27,088 
Reclassification adjustments for (gains) losses included in net income, before tax749 — 749 
Income tax effect(193)— (193)
Amounts reclassified from accumulated other comprehensive income (loss) to net income
556 — 556 
Amortization of unrealized loss on securities transferred from available for sale to held to maturity3,821 — 3,821 
Income tax effect(978)— (978)
Amortization of unrealized loss on securities transferred from available for sale to held to maturity2,843 — 2,843 
Net current-period other comprehensive income 30,487 — 30,487 
Balance at September 30
$(106,082)$— $(106,082)
(1)    Reclassification amounts for AFS debt securities are reported as net gain (loss) on sale of investment securities or impairment loss on debt 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.
(2)    Reclassification amounts for cash flow hedges are reported as interest income for the applicable hedged items on the consolidated statements of income.
The following table presents the effect of Customers’ derivative financial instruments on comprehensive income for the three and nine months ended September 30, 2025 and 2024:
Amount of Gain (Loss) Recognized in OCI on Derivatives (1)
Location of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Three Months Ended September 30,Three Months Ended September 30,
(amounts in thousands)2025202420252024
Derivatives in cash flow hedging relationships:
Interest rate swaps$1,681 $— 
Interest income
$(1,412)$— 

Amount of Gain (Loss) Recognized in OCI on Derivatives (1)
Location of Gain (Loss) Reclassified from Accumulated OCI into Income 
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Nine Months Ended September 30,Nine Months Ended September 30,
(amounts in thousands)2025202420252024
Derivatives in cash flow hedging relationships:
Interest rate swaps$1,681 $— 
Interest income
$(1,412)$— 
(1)    Amounts presented are net of taxes. Refer to NOTE 5 – CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) for the total effect on other comprehensive income (loss) from derivatives designated as cash flow hedges for the periods presented.