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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive loss, net of income taxes, as of June 30, 2024 and December 31, 2023 consisted of:
June 30, 2024December 31, 2023
(In thousands)
Unrealized loss on securities available-for-sale$(101,810)$(78,497)
Income tax effect of unrealized loss on securities available-for-sale15,316 11,484 
Net unrealized loss on securities available-for-sale(86,494)(67,013)
Accumulated other comprehensive loss, net of income taxes$(86,494)$(67,013)
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, 2024 and 2023:
Net unrealized loss on securities available-for-sale
Quarter Ended June 30, 2024Six-Month Period Ended June 30, 2024
(In thousands)
Beginning balance$(81,731)$(67,013)
Other comprehensive loss before reclassifications(4,765)(19,474)
Amounts reclassified out of accumulated other comprehensive loss2 (7)
Other comprehensive loss (4,763)(19,481)
Ending balance$(86,494)$(86,494)

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 $(93,409)
Other comprehensive income (loss) before reclassifications5,169 (3,198)1,971 
Amounts reclassified out of other comprehensive income (loss)(1,145)3,019 1,874 
Other comprehensive income (loss)4,024 (179)3,845 
Ending balance$(89,639)$75 $(89,564)
Schedule of Reclassifications Out of Other Comprehensive Income
The following table presents reclassifications out of accumulated other comprehensive loss for the quarters and six-month periods ended June 30, 2024 and 2023:
Amount reclassified out of accumulated other comprehensive loss Affected Line Item in
Consolidated Statement of
Operations
Quarter Ended June 30,Six-Month Period Ended June 30,
2024202320242023
(In thousands)
Cash flow hedges:
Interest-rate contracts$— $2,428 $— $3,019 Net interest expense
Available-for-sale securities:
Loss on sale of investments— (1,149)(7)(1,149)Net loss on sale of securities
Tax effect from changes in tax rates2 2 — 4 Income tax expense
$2 $1,281 $(7)$1,874