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ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated other comprehensive loss, net of income taxes, as of September 30, 2024 and December 31, 2023 consisted of:
September 30, 2024December 31, 2023
(In thousands)
Unrealized loss on securities available-for-sale$(37,480)$(78,497)
Income tax effect of unrealized loss on securities available-for-sale4,490 11,484 
Net unrealized loss on securities available-for-sale(32,990)(67,013)
Accumulated other comprehensive loss, net of income taxes$(32,990)$(67,013)
The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for the quarters and nine-month periods ended September 30, 2024 and 2023:
Net unrealized loss on securities available-for-sale
Quarter Ended September 30, 2024Nine-Month Period Ended September 30, 2024
(In thousands)
Beginning balance$(86,494)$(67,013)
Other comprehensive loss before reclassifications53,502 34,024 
Amounts reclassified out of accumulated other comprehensive loss2 (1)
Other comprehensive loss 53,504 34,023 
Ending balance$(32,990)$(32,990)

Quarter Ended September 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$(89,639)$75 $(89,564)
Other comprehensive loss before reclassifications(38,040)(2,449)(40,489)
Amounts reclassified out of accumulated other comprehensive loss2 2,374 2,376 
Other comprehensive loss(38,038)(75)(38,113)
Ending balance$(127,677)$— $(127,677)
Nine-Month Period Ended September 30, 2023
Net unrealized
loss on
securities
available-for-sale		Net unrealized
gain on
cash flow
hedges		Accumulated
other
comprehensive
loss
(In thousands)
Beginning balance$(93,663)$254 $(93,409)
Other comprehensive income (loss) before reclassifications(32,871)(5,647)(38,518)
Amounts reclassified out of accumulated other comprehensive loss(1,143)5,393 4,250 
Other comprehensive income (loss)(34,014)(254)(34,268)
Ending balance$(127,677)$— $(127,677)
The following table presents reclassifications out of accumulated other comprehensive loss for the quarters and nine-month periods ended September 30, 2024 and 2023:
Amount reclassified out of accumulated other comprehensive loss Affected Line Item in
Consolidated Statement of
Operations
Quarter Ended September 30,Nine-Month Period Ended September 30,
2024202320242023
(In thousands)
Cash flow hedges:
Interest-rate contracts$— $2,374 $— $5,393 Net interest expense
Available-for-sale securities:
Loss on sale of investments— — (7)(1,149)Net loss on sale of securities
Tax effect from changes in tax rates2 2 6 6 Income tax expense
$2 $2,376 $(1)$4,250