XML 55 R44.htm IDEA: XBRL DOCUMENT
v3.23.1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive loss, net of income taxes, as of March 31, 2023 and December 31, 2022 consisted of:
| March 31, |  | December 31,
| 2023 |  | 2022
| (In thousands)
Unrealized loss on securities available-for-sale | $ | (92,112) |  |  | $ | (110,036) |
Income tax effect of unrealized loss on securities available-for-sale | 13,600 |  |  | 16,373 |
Net unrealized loss on securities available-for-sale | (78,512) |  |  | (93,663) |
Unrealized gain on cash flow hedges | 275 |  |  | 406 |
Income tax effect of unrealized gain on cash flow hedges | (103) |  |  | (152) |
Net unrealized gain on cash flow hedges | 172 |  |  | 254 |
Accumulated other comprehensive loss, net of income taxes | $ | (78,340) |  |  | $ | (93,409) |
The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for the quarters ended March 31, 2023 and 2022:
| Quarter Ended March 31, 2023
| Net unrealized loss on securities available-for-sale |  | Net unrealized gain on cash flow hedges |  | Accumulated other comprehensive loss
| (In thousands)
Beginning balance | $ | (93,663) |  |  | $ | 254 |  |  | $ | (93,409) |
Other comprehensive income (loss) before reclassifications | 15,149 |  |  | (673) |  |  | 14,476 |
Amounts reclassified out of accumulated other comprehensive loss | 2 |  |  | 591 |  |  | 593 |
Other comprehensive income (loss) | 15,151 |  |  | (82) |  |  | 15,069 |
Ending balance | $ | (78,512) |  |  | $ | 172 |  |  | $ | (78,340) |
| Quarter Ended March 31, 2022
| Net unrealized loss on securities available-for-sale |  | Net unrealized loss on cash flow hedges |  | Accumulated other comprehensive loss
| (In thousands)
Beginning balance | $ | 5,663 |  |  | $ | (503) |  |  | $ | 5,160 |
Other comprehensive income (loss) income before reclassifications | (26,187) |  |  | 194 |  |  | (25,993) |
Amounts reclassified out of accumulated other comprehensive income | 2 |  |  | 193 |  |  | 195 |
Other comprehensive (loss) income | (26,185) |  |  | 387 |  |  | (25,798) |
Ending balance | $ | (20,522) |  |  | $ | (116) |  |  | $ | (20,638) |
Schedule of Reclassifications Out of Other Comprehensive Income | The following table presents reclassifications out of accumulated other comprehensive loss for the quarters ended March 31, 2023 and 2022:
| Amount reclassified out of accumulated other comprehensive loss Quarter Ended March 31, |  | Affected Line Item in Consolidated Statement of Operations
| 2023 |  | 2022 |  |  |
| (In thousands) |  |
Cash flow hedges: |  |  |  |  |  |  |
Interest-rate contracts | $ | 591 |  |  | $ | 193 |  |  |  |  | Net interest expense
Available-for-sale securities: |  |  |  |  |  |  |
Tax effect from changes in tax rates | 2 |  |  | 2 |  |  |  |  | Income tax expense
| $ | 593 |  |  | $ | 195 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration