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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in accumulated other comprehensive income (loss) after-tax by component:
Three months ended
($ in thousands)Net Unrealized Gain (Loss) on Available-for-Sale SecuritiesUnamortized Gain on Held-to-Maturity SecuritiesNet Unrealized Gain (Loss) on Cash Flow HedgesTotal
Balance, March 31, 2024
$(123,917)$9,954 $(1,428)$(115,391)
Net change(5,375)(619)(754)(6,748)
Balance, June 30, 2024
$(129,292)$9,335 $(2,182)$(122,139)
Balance, March 31, 2023
$(120,856)$12,547 $2,334 $(105,975)
Net change(13,677)(686)(3,127)(17,490)
Balance, June 30, 2023
$(134,533)$11,861 $(793)$(123,465)
Six months ended
($ in thousands)Net Unrealized Gain (Loss) on Available-for-Sale Debt SecuritiesUnamortized Gain on Held-to-Maturity SecuritiesNet Unrealized Gain (Loss) on Cash Flow HedgesTotal
Balance, December 31, 2023
$(112,844)$10,580 $1,249 $(101,015)
Net change(16,448)(1,245)(3,431)(21,124)
Balance, June 30, 2024
$(129,292)$9,335 $(2,182)$(122,139)
Balance, December 31, 2022
$(144,549)$13,185 $1,032 $(130,332)
Net change10,016 (1,324)(1,825)6,867 
Balance, June 30, 2023
$(134,533)$11,861 $(793)$(123,465)
Schedule of Pre-tax and After-tax Changes in the Components of Other Comprehensive Income
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income (loss):
Three months ended June 30,
20242023
($ in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Change in unrealized loss on available-for-sale securities$(7,148)$(1,773)$(5,375)$(18,285)$(4,608)$(13,677)
Reclassification of gain on held-to-maturity securities(a)
(823)(204)(619)(918)(232)(686)
Change in unrealized loss on cash flow hedges(1,563)(388)(1,175)(4,463)(1,125)(3,338)
Reclassification of loss on cash flow hedges(b)
560 139 421 282 71 211 
Total other comprehensive loss$(8,974)$(2,226)$(6,748)$(23,384)$(5,894)$(17,490)
Six months ended June 30,
20242023
($ in thousands)Pre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Change in unrealized gain (loss) on available-for-sale securities$(21,872)$(5,424)$(16,448)$13,771 $3,470 $10,301 
Reclassification of gain on sale of available-for-sale securities(a)
— — — (381)(96)(285)
Reclassification of gain on held-to-maturity securities(a)
(1,656)(411)(1,245)(1,770)(446)(1,324)
Change in unrealized loss on cash flow hedges(5,475)(1,358)(4,117)(2,758)(695)(2,063)
Reclassification of loss on cash flow hedges(b)
912 226 686 318 80 238 
Total other comprehensive gain (loss)$(28,091)$(6,967)$(21,124)$9,180 $2,313 $6,867 
(a)The pre-tax amount is reported in noninterest income/expense in the Consolidated Statements of Income.
(b)The pre-tax amount is reported in interest income/expense in the Consolidated Statements of Income.