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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Accumulated other comprehensive (loss) income, net of income taxes, as of March 31, 2022 and December 31, 2021 consisted of:
March 31,December 31,
20222021
(In thousands)
Unrealized (loss) gain on securities available-for-sale which are not
other-than-temporarily impaired		$(23,460)$7,292 
Income tax effect of unrealized loss (gain) on securities available-for-sale2,938 (1,629)
Net unrealized (loss) gain on securities available-for-sale which are not
other-than-temporarily impaired		(20,522)5,663 
Unrealized loss on cash flow hedges(185)(804)
Income tax effect of unrealized loss on cash flow hedges69 301 
Net unrealized loss on cash flow hedges(116)(503)
Accumulated other comprehensive (loss) income, net of income taxes$(20,638)$5,160 
The following table presents changes in accumulated other comprehensive (loss) income by component, net of taxes, for quarters ended March 31, 2022 and 2021:
Quarter Ended March 31, 2022
Net unrealized
loss on
securities
available-for-sale		Net unrealized
loss on
cash flow
hedges		Accumulated
other
comprehensive
(loss) income
(In thousands)
Beginning balance$5,663 $(503)$5,160 
Other comprehensive (loss) income before reclassifications(26,187)194 (25,993)
Amounts reclassified out of accumulated other comprehensive income2 193 195 
Other comprehensive (loss) income(26,185)387 (25,798)
Ending balance$(20,522)$(116)$(20,638)
Quarter Ended March 31, 2021
Net unrealized
gains on
securities
available-for-sale		Net unrealized
loss on
cash flow
hedges		Accumulated
other
comprehensive
(loss) income
(In thousands)
Beginning balance$12,092 $(1,070)$11,022 
Other comprehensive (loss) income before reclassifications(4,948)(304)(5,252)
Amounts reclassified out of accumulated other comprehensive income1 459 460 
Other comprehensive (loss) income(4,947)155 (4,792)
Ending balance$7,145 $(915)$6,230 
The following table presents reclassifications out of accumulated other comprehensive (loss) income for the quarters ended March 31, 2022 and 2021:
Amount reclassified out of accumulated other comprehensive income Quarter Ended March 31,Affected Line Item in
Consolidated Statement of
Operations
20222021
(In thousands)
Cash flow hedges:
Interest-rate contracts$193 $459 Net interest expense
Available-for-sale securities:
Tax effect from changes in tax rates2 1 Income tax expense
$195 $460