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OTHER COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2023

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

15. OTHER COMPREHENSIVE INCOME

​

OCI components and related tax effects were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

Nine Months Ended

​

​

​

September 30,

​

September 30,

​

(in thousands)

​

2023

2022

2023

2022

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​

​

​

​

​

​

​

​

​

​

​

​

​

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Available-for-Sale Debt Securities:

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​

​

​

​

​

​

​

​

​

​

​

​

Unrealized gain (loss) on AFS debt securities

​

$

1,024

​

$

(15,510)

​

$

1,812

​

$

(46,892)

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Unrealized gain (loss) on AFS debt security for which a portion of OTTI has been recognized in earnings

​

(7)

​

1

​

27

​

10

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Net gains (losses)

​

1,017

​

(15,509)

​

1,839

​

(46,882)

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Income tax benefit (expense) related to items of other comprehensive income

​

(250)

​

3,875

​

(461)

​

11,720

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Net of tax

​

767

​

(11,634)

​

$

1,378

​

$

(35,162)

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​

The following is a summary of the AOCI balances, net of tax:

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​	​	​	​	​	​	​	​	​	​	​
​		​	​		2023			​	​
(in thousands)	​	December 31, 2022		​	Change		​	September 30, 2023
​	​	​	​	​	​	​	​	​	​	​
Unrealized gain (loss) on AFS debt securities	​	$	(32,934)	​	$	1,351	​	$	(31,583)	​
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings	​		955	​		27	​		982	​
Total unrealized gain (loss)	​	$	(31,979)	​	$	1,378	​	$	(30,601)	​

​

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​	​	​	​	​	​	​	​	​	​	​
​		​	​		2022			​	​
(in thousands)	​	December 31, 2021		​	Change		​	September 30, 2022
​	​	​	​	​	​	​	​	​	​	​
Unrealized gain (loss) on AFS debt securities	​	$	890	​	$	(35,169)	​	$	(34,279)	​
Unrealized gain on AFS debt security for which a portion of OTTI has been recognized in earnings	​		984	​		7	​		991	​
Total unrealized gain (loss)	​	$	1,874	​	$	(35,162)	​	$	(33,288)	​

​

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//220/tableOfContent

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X

- References

No definition available.

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