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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Shareholders' Equity | SHAREHOLDERS’ EQUITY Shareholders’ Equity 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 Securities |  | Unamortized Gain on Held-to-Maturity Securities |  | Net Unrealized Gain (Loss) on Cash Flow Hedges |  | Total
Balance, June 30, 2024 | $ | (129,292) |  |  | $ | 9,335 |  |  | $ | (2,182) |  |  | $ | (122,139) |
Net change | 38,033 |  |  | (619) |  |  | 5,890 |  |  | 43,304 |
Balance, September 30, 2024 | $ | (91,259) |  |  | $ | 8,716 |  |  | $ | 3,708 |  |  | $ | (78,835) |
Balance, June 30, 2023 | $ | (134,533) |  |  | $ | 11,861 |  |  | $ | (793) |  |  | $ | (123,465) |
Net change | (41,257) |  |  | (647) |  |  | (2,460) |  |  | (44,364) |
Balance, September 30, 2023 | $ | (175,790) |  |  | $ | 11,214 |  |  | $ | (3,253) |  |  | $ | (167,829) |
Nine months ended
($ in thousands) | Net Unrealized Gain (Loss) on Available-for-Sale Debt Securities |  | Unamortized Gain on Held-to-Maturity Securities |  | Net Unrealized Gain (Loss) on Cash Flow Hedges |  | Total
Balance, December 31, 2023 | $ | (112,844) |  |  | $ | 10,580 |  |  | $ | 1,249 |  |  | $ | (101,015) |
Net change | 21,585 |  |  | (1,864) |  |  | 2,459 |  |  | 22,180 |
Balance, September 30, 2024 | $ | (91,259) |  |  | $ | 8,716 |  |  | $ | 3,708 |  |  | $ | (78,835) |
Balance, December 31, 2022 | $ | (144,549) |  |  | $ | 13,185 |  |  | $ | 1,032 |  |  | $ | (130,332) |
Net change | (31,241) |  |  | (1,971) |  |  | (4,285) |  |  | (37,497) |
Balance, September 30, 2023 | $ | (175,790) |  |  | $ | 11,214 |  |  | $ | (3,253) |  |  | $ | (167,829) |
The following table presents the pre-tax and after-tax changes in the components of other comprehensive income (loss):
| Three months ended September 30,
| 2024 |  | 2023
($ in thousands) | Pre-tax |  | Tax effect |  | After-tax |  | Pre-tax |  | Tax effect |  | After-tax
Change in unrealized gain (loss) on available-for-sale securities | $ | 50,576 |  |  | $ | 12,543 |  |  | $ | 38,033 |  |  | $ | (55,156) |  |  | $ | (13,899) |  |  | $ | (41,257) |
Reclassification of gain on held-to-maturity securities(a) | (823) |  |  | (204) |  |  | (619) |  |  | (865) |  |  | (218) |  |  | (647) |
Change in unrealized gain (loss) on cash flow hedges | 7,303 |  |  | 1,811 |  |  | 5,492 |  |  | (3,588) |  |  | (904) |  |  | (2,684) |
Reclassification of loss on cash flow hedges(b) | 529 |  |  | 131 |  |  | 398 |  |  | 299 |  |  | 75 |  |  | 224 |
Total other comprehensive loss | $ | 57,585 |  |  | $ | 14,281 |  |  | $ | 43,304 |  |  | $ | (59,310) |  |  | $ | (14,946) |  |  | $ | (44,364) |
| Nine months ended September 30,
| 2024 |  | 2023
($ in thousands) | Pre-tax |  | Tax effect |  | After-tax |  | Pre-tax |  | Tax effect |  | After-tax
Change in unrealized gain (loss) on available-for-sale securities | $ | 28,703 |  |  | $ | 7,118 |  |  | $ | 21,585 |  |  | $ | (41,385) |  |  | $ | (10,429) |  |  | $ | (30,956) |
Reclassification of gain on sale of available-for-sale securities(a) | — |  |  | — |  |  | — |  |  | (381) |  |  | (96) |  |  | (285) |
Reclassification of gain on held-to-maturity securities(a) | (2,479) |  |  | (615) |  |  | (1,864) |  |  | (2,635) |  |  | (664) |  |  | (1,971) |
Change in unrealized loss on cash flow hedges | 1,828 |  |  | 453 |  |  | 1,375 |  |  | (6,346) |  |  | (1,599) |  |  | (4,747) |
Reclassification of loss on cash flow hedges(b) | 1,441 |  |  | 357 |  |  | 1,084 |  |  | 616 |  |  | 154 |  |  | 462 |
Total other comprehensive gain (loss) | $ | 29,493 |  |  | $ | 7,313 |  |  | $ | 22,180 |  |  | $ | (50,131) |  |  | $ | (12,634) |  |  | $ | (37,497) |
(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.

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