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ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive (loss) income, net of income taxes, as of September 30, 2022 and December 31, 2021 consisted of:

			September 30,						December 31,
			2022						2021
			(In thousands)
Unrealized (loss) gain on securities available-for-sale which are not other-than-temporarily impaired			$	(122,242)					$	7,292
Income tax effect of unrealized loss (gain) on securities available-for-sale			18,097						(1,629)
Net unrealized (loss) gain on securities available-for-sale which are not other-than-temporarily impaired			(104,145)						5,663
Unrealized gain (loss) on cash flow hedges			410						(804)
Income tax effect of unrealized (gain) loss on cash flow hedges			(154)						301
Net unrealized gain (loss) on cash flow hedges			256						(503)
Accumulated other comprehensive (loss) income, net of income taxes			$	(103,889)					$	5,160

The following table presents changes in accumulated other comprehensive (loss) income by component, net of taxes, for the quarters and nine-month periods ended September 30, 2022 and 2021:

			Quarter Ended September 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			$	(49,606)					$	104					$	(49,502)
Other comprehensive loss before reclassifications			(54,541)						(26)						(54,567)
Amounts reclassified out of accumulated other comprehensive loss			2						178						180
Other comprehensive (loss) income			(54,539)						152						(54,387)
Ending balance			$	(104,145)					$	256					$	(103,889)
			Nine-Month Period Ended September 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			(109,814)						204						(109,610)
Amounts reclassified out of accumulated other comprehensive (loss) income			6						555						561
Other comprehensive (loss) income			(109,808)						759						(109,049)
Ending balance			$	(104,145)					$	256					$	(103,889)

			Quarter Ended September 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			$	8,408					$	(808)					$	7,600
Other comprehensive income (loss) before reclassifications			920						(352)						568
Amounts reclassified out of accumulated other comprehensive income			2						450						452
Other comprehensive income			922						98						1,020
Ending balance			$	9,330					$	(710)					$	8,620
			Nine-Month Period Ended September 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			(2,767)						(1,001)						(3,768)
Amounts reclassified out of accumulated other comprehensive income			5						1,361						1,366
Other comprehensive (loss) income			(2,762)						360						(2,402)
Ending balance			$	9,330					$	(710)					$	8,620

Schedule of Reclassifications Out of Other Comprehensive Income

The following table presents reclassifications out of accumulated other comprehensive (loss) income for the quarters and nine-month periods ended September 30, 2022 and 2021:

			Amount reclassified out of accumulated other comprehensive (loss) income quarter ended September 30,												Affected Line Item in Consolidated Statement of Operations
																		2022						2021
			(In thousands)
Cash flow hedges:
Interest-rate contracts			$	178					$	450											Net interest expense
Available-for-sale securities:
Tax effect from changes in tax rates			2						2												Income tax expense
			$	180					$	452
			Amount reclassified out of accumulated other comprehensive (loss) income nine-month period ended September 30,												Affected Line Item in Consolidated Statement of Operations
																		2022						2021
			(In thousands)
Cash flow hedges:
Interest-rate contracts			$	555					$	1,361											Net interest expense
Available-for-sale securities:
Tax effect from changes in tax rates			6						5												Income tax expense
			$	561					$	1,366

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-Name Accounting Standards Codification
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