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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Accumulated other comprehensive (loss) income, net of income taxes, as of June 30, 2022 and December 31, 2021 consisted of:
June 30,December 31,
20222021
(In thousands)
Unrealized (loss) gain on securities available-for-sale which are not
other-than-temporarily impaired		$(58,313)$7,292 
Income tax effect of unrealized loss (gain) on securities available-for-sale8,707 (1,629)
Net unrealized (loss) gain on securities available-for-sale which are not
other-than-temporarily impaired		(49,606)5,663 
Unrealized gain (loss) on cash flow hedges165 (804)
Income tax effect of unrealized gain (loss) on cash flow hedges(61)301 
Net unrealized gain (loss) on cash flow hedges104 (503)
Accumulated other comprehensive (loss) income, net of income taxes$(49,502)$5,160 
The following table presents changes in accumulated other comprehensive (loss) income by component, net of taxes, for the quarters and six-month periods ended June 30, 2022 and 2021:
Quarter Ended June 30, 2022
Net unrealized
loss on
securities
available-for-sale		Net unrealized
gain on
cash flow
hedges		Accumulated
other
comprehensive
(loss) income
(In thousands)
Beginning balance$(20,522)$(116)$(20,638)
Other comprehensive (loss) income before reclassifications(29,086)36 (29,050)
Amounts reclassified out of accumulated other comprehensive (loss) income2 184 186 
Other comprehensive (loss) income(29,084)220 (28,864)
Ending balance$(49,606)$104 $(49,502)
Six-Month Period Ended June 30, 2022
Net unrealized
loss on
securities
available-for-sale		Net unrealized
gain on
cash flow
hedges		Accumulated
other
comprehensive
(loss) income
(In thousands)
Beginning balance$5,663 $(503)$5,160 
Other comprehensive (loss) income before reclassifications(55,273)230 (55,043)
Amounts reclassified out of accumulated other comprehensive (loss) income4 377 381 
Other comprehensive (loss) income(55,269)607 (54,662)
Ending balance$(49,606)$104 $(49,502)
Quarter Ended June 30, 2021
Net unrealized
gains on
securities
available-for-sale		Net unrealized
loss on
cash flow
hedges		Accumulated
other
comprehensive
income
(In thousands)
Beginning balance$7,145 $(915)$6,230 
Other comprehensive income (loss) before reclassifications1,262 (345)917 
Amounts reclassified out of accumulated other comprehensive income1 452 453 
Other comprehensive income1,263 107 1,370 
Ending balance$8,408 $(808)$7,600 
Six-Month Period Ended June 30, 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(3,687)(649)(4,336)
Amounts reclassified out of accumulated other comprehensive income3 911 914 
Other comprehensive (loss) income(3,684)262 (3,422)
Ending balance$8,408 $(808)$7,600 
The following table presents reclassifications out of accumulated other comprehensive (loss) income for the quarters and six-month periods ended June 30, 2022 and 2021:
Amount reclassified out of accumulated other comprehensive (loss) income quarter ended June 30,Affected Line Item in
Consolidated Statement of
Operations
20222021
(In thousands)
Cash flow hedges:
Interest-rate contracts$184 $452 Net interest expense
Available-for-sale securities:
Tax effect from changes in tax rates2 1 Income tax expense
$186 $453 
Amount reclassified out of accumulated other comprehensive (loss) income six-month period ended June 30,Affected Line Item in
Consolidated Statement of
Operations
20222021
(In thousands)
Cash flow hedges:
Interest-rate contracts$377 $911 Net interest expense
Available-for-sale securities:
Tax effect from changes in tax rates4 3 Income tax expense
$381 $914