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SHAREHOLDERS’ EQUITY (Tables) | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table present the changes in accumulated other comprehensive income after-tax by component:
Three months ended
(in thousands) | Net Unrealized Gain (Loss) on Available-for-Sale Securities |  | Unamortized Gain (Loss) on Held-to-Maturity Securities |  | Net Unrealized Gain (Loss) on Cash Flow Hedges |  | Total
Balance, December 31, 2022 | $ | (144,549) |  |  | $ | 13,185 |  |  | $ | 1,032 |  |  | $ | (130,332) |
Net change | $ | 23,693 |  |  | $ | (638) |  |  | $ | 1,302 |  |  | $ | 24,357 |
Balance, March 31, 2023 | $ | (120,856) |  |  | $ | 12,547 |  |  | $ | 2,334 |  |  | $ | (105,975) |
Balance, December 31, 2021 | $ | 5,271 |  |  | $ | 15,684 |  |  | $ | (2,178) |  |  | $ | 18,777 |
Net change | $ | (79,353) |  |  | $ | (704) |  |  | $ | 2,020 |  |  | $ | (78,037) |
Transfer from available-for-sale to held-to-maturity | (197) |  |  | 197 |  |  | — |  |  | — |
Balance, March 31, 2022 | $ | (74,279) |  |  | $ | 15,177 |  |  | $ | (158) |  |  | $ | (59,260) |
Schedule of Pre-tax and After-tax Changes in the Components of Other Comprehensive Income | The following tables present the pre-tax and after-tax changes in the components of other comprehensive income:
| Three months ended March 31,
| 2023 |  | 2022
(in thousands) | Pre-tax |  | Tax effect |  | After-tax |  | Pre-tax |  | Tax effect |  | After-tax
Change in unrealized gain (loss) on available-for-sale securities | $ | 32,056 |  |  | $ | 8,078 |  |  | $ | 23,978 |  |  | $ | (106,087) |  |  | $ | (26,734) |  |  | $ | (79,353) |
Reclassification of gain on sale of available-for-sale securities(a) | (381) |  |  | (96) |  |  | (285) |  |  | — |  |  | — |  |  | — |
Reclassification of gain on held-to-maturity securities(b) | (852) |  |  | (214) |  |  | (638) |  |  | (941) |  |  | (237) |  |  | (704) |
Change in unrealized gain on cash flow hedges | 1,705 |  |  | 430 |  |  | 1,275 |  |  | 2,341 |  |  | 590 |  |  | 1,751 |
Reclassification of loss on cash flow hedges(b) | 36 |  |  | 9 |  |  | 27 |  |  | 359 |  |  | 90 |  |  | 269 |
Total other comprehensive income (loss) | $ | 32,564 |  |  | $ | 8,207 |  |  | $ | 24,357 |  |  | $ | (104,328) |  |  | $ | (26,291) |  |  | $ | (78,037) |
(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Operations
(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Income.

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