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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss, net of income taxes, as of June 30, 2023 and December 31, 2022 consisted of:

			June 30,						December 31,
			2023						2022
			(In thousands)
Unrealized loss on securities available-for-sale			$	(105,304)					$	(110,036)
Income tax effect of unrealized loss on securities available-for-sale			15,665						16,373
Net unrealized loss on securities available-for-sale			(89,639)						(93,663)
Unrealized gain on cash flow hedges			120						406
Income tax effect of unrealized gain on cash flow hedges			(45)						(152)
Net unrealized gain on cash flow hedges			75						254
Accumulated other comprehensive loss, net of income taxes			$	(89,564)					$	(93,409)

The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for the quarters and six month periods ended June 30, 2023 and 2022:

			Quarter Ended June 30, 2023
			Net unrealized loss on securities available-for-sale						Net unrealized gain on cash flow hedges						Accumulated other comprehensive loss
			(In thousands)
Beginning balance			$	(78,512)					$	172					$	(78,340)
Other comprehensive loss before reclassifications			(9,980)						(2,525)						(12,505)
Amounts reclassified out of accumulated other comprehensive loss			(1,147)						2,428						1,281
Other comprehensive loss			(11,127)						(97)						(11,224)
Ending balance			$	(89,639)					$	75					$	(89,564)
			Six-Month Period Ended June 30, 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			5,169						(3,198)						1,971
Amounts reclassified out of accumulated other comprehensive (loss) income			(1,145)						3,019						1,874
Other comprehensive income (loss)			4,024						(179)						3,845
Ending balance			$	(89,639)					$	75					$	(89,564)

			Quarter Ended June 30, 2022
			Net unrealized loss on securities available-for-sale						Net unrealized loss on cash flow hedges						Accumulated other comprehensive loss
			(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 income			2						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
			(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 income			4						377						381
Other comprehensive (loss) income			(55,269)						607						(54,662)
Ending balance			$	(49,606)					$	104					$	(49,502)

Schedule of Reclassifications Out of Other Comprehensive Income

The following table presents reclassifications out of accumulated other comprehensive loss for the quarters and six month periods ended June 30, 2023 and 2022:

			Amount reclassified out of accumulated other comprehensive loss Quarter Ended June 30,												Affected Line Item in Consolidated Statement of Operations
																		2023						2022
			(In thousands)
Cash flow hedges:
Interest-rate contracts			$	2,428					$	184											Net interest expense
Available-for-sale securities:
Loss on sale of investments			(1,149)						—												Net loss on sale of securities
Tax effect from changes in tax rates			2						2												Income tax expense
			$	1,281					$	186
															Affected Line Item in Consolidated Statement of Operations
			Amount reclassified out of accumulated other comprehensive loss Six-Month Period Ended June 30,
												2023									2022
			(In thousands)
Cash flow hedges:
Interest-rate contracts			$	3,019					$	377											Net interest expense
Available-for-sale securities:
Loss on sale of investments			(1,149)						—												Net loss on sale of securities
Tax effect from changes in tax rates			4						4												Income tax expense
			$	1,874					$	381

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
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-Name Accounting Standards Codification
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-Publisher FASB
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-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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