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OTHER COMPREHENSIVE INCOME (Tables) | 6 Months Ended
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Jun. 30, 2024
OTHER COMPREHENSIVE INCOME |
Summary of OCI components and related tax effects | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in thousands) | ​ | 2024 |  | 2023 |  | 2024 |  | 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-Sale Debt Securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized gain (loss) on AFS debt securities | ​ | $ | 2,043 | ​ | $ | (4,390) | ​ | $ | 2,692 | ​ | $ | 820 | ​
Net gains (losses) | ​ |  | 2,043 | ​ |  | (4,390) | ​ |  | 2,692 | ​ |  | 820 | ​
Income tax benefit (expense) related to items of other comprehensive income | ​ |  | (511) | ​ |  | 1,096 | ​ |  | (674) | ​ |  | (209) | ​
Net of tax | ​ |  | 1,532 | ​ |  | (3,294) | ​ | $ | 2,018 | ​ | $ | 611 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Change in fair value of derivatives | ​ |  | (446) | ​ |  | — | ​ |  | (446) | ​ |  | — | ​
Reclassification amount for net derivative losses realized in income | ​ |  | (91) | ​ |  | — | ​ |  | (91) | ​ |  | — | ​
Net gains (losses) | ​ |  | (537) | ​ |  | — | ​ |  | (537) | ​ |  | — | ​
Tax effect | ​ |  | 134 | ​ |  | — | ​ |  | 134 | ​ |  | — | ​
Net of tax | ​ |  | (403) | ​ |  | — | ​ |  | (403) | ​ |  | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total other comprehensive (loss) income components, net of tax | ​ | $ | 1,129 | ​ | $ | (3,294) | ​ | $ | 1,615 | ​ | $ | 611 | ​
Summary of the AOCI balances, net of tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | 2024 |  | ​ | ​ |
(in thousands) | ​ | December 31, 2023 | ​ | Change | ​ | June 30, 2024 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized gain (loss) on AFS debt securities | ​ | $ | (20,408) | ​ | $ | 2,018 | ​ | $ | (18,390) | ​
Unrealized gain (loss) on derivatives | ​ |  | — | ​ |  | (403) | ​ |  | (403) | ​
Total unrealized gain (loss) | ​ | $ | (20,408) | ​ | $ | 1,615 | ​ | $ | (18,793) | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | 2023 |  | ​ | ​ |
(in thousands) | ​ | December 31, 2022 | ​ | Change | ​ | June 30, 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unrealized gain (loss) on AFS debt securities | ​ | $ | (31,979) | ​ | $ | 611 | ​ | $ | (31,368) | ​
Unrealized gain (loss) on derivatives | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Total unrealized gain (loss) | ​ | $ | (31,979) | ​ | $ | 611 | ​ | $ | (31,368) | ​
​

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