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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive loss, net of income taxes, as of December 31, 2024 and 2023 consisted of:
December 31,
20242023
(In thousands)
Unrealized loss on securities available-for-sale$(105,930)$(78,497)
Income tax effect of unrealized loss on securities available-for-sale16,091 11,484 
Net unrealized loss on securities available-for-sale(89,839)(67,013)
Accumulated other comprehensive loss, net of income taxes$(89,839)$(67,013)
The following table presents changes in accumulated other comprehensive loss by component, net of taxes, for 2024, 2023 and 2022:
Year Ended December 31, 2024
Net unrealized loss on securities available-for-sale
(In thousands)
Beginning balance$(67,013)
Other comprehensive loss (22,826)
Ending balance$(89,839)
Year Ended December 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 $(93,409)
Other comprehensive income (loss) before reclassifications27,792 (5,647)22,145 
Amounts reclassified out of accumulated other comprehensive loss(1,142)5,393 4,251 
Other comprehensive income (loss)26,650 (254)26,396 
Ending balance$(67,013)$ $(67,013)
Year Ended December 31, 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)$5,160 
Other comprehensive (loss) income before reclassifications(99,087)24 (99,063)
Amounts reclassified out of accumulated other comprehensive loss(239)733 494 
Other comprehensive (loss) income(99,326)757 (98,569)
Ending balance$(93,663)$254 $(93,409)
Schedule of Reclassifications Out of Other Comprehensive Income
The following table presents reclassifications out of accumulated other comprehensive loss for 2024, 2023 and 2022:
Amount reclassified out of accumulated other comprehensive loss Year Ended December 31,
Affected Line Item in
Consolidated Statement of
Operations
202420232022
(In thousands)
Cash flow hedges:
Interest-rate contracts$— $5,393 $733 Net interest expense
Available-for-sale securities:
Loss on sale of investments(7)(1,149)(247)Net loss on sale of securities
Tax effect from changes in tax ratesIncome tax expense
$ $4,251 $494