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OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Dec. 31, 2024
OTHER COMPREHENSIVE INCOME  
Schedule of OCI components and related tax effects

    

Years Ended December 31, (in thousands)

2024

    

2023

    

2022

Available-for-Sale Debt Securities:

Unrealized gain (loss) on AFS debt securities

$

8,874

$

15,426

$

(45,138)

Net gains (losses)

 

8,874

 

15,426

 

(45,138)

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

 

(2,219)

 

(3,855)

 

11,285

Net of tax

 

6,655

 

11,571

 

(33,853)

Derivatives:

Change in fair value of derivatives

 

(133)

 

 

Reclassification amount for net derivative losses realized in income

 

(514)

 

 

Net gains (losses)

 

(647)

 

 

Tax effect

 

162

 

 

Net of tax

 

(485)

 

 

Total other comprehensive (loss) income components, net of tax

$

6,170

$

11,571

$

(33,853)

Schedule of amounts reclassified out of each component of AOCI

Amounts Reclassified From

Accumulated Other 

Comprehensive Income (Loss)

Years Ended December 31, (in thousands)

  

    

2024

    

2023

    

2022

Derivatives:

Interest rate swaps on FHLB advances

 

 

(514)

 

 

Tax effect

 

 

129

 

 

Net of tax

 

 

(385)

 

 

Schedule of the AOCI balances, net of tax

    

    

2024

    

(in thousands)

December 31, 2023

Change

December 31, 2024

Unrealized gain (loss) on AFS debt securities

$

(20,408)

$

6,655

$

(13,753)

Unrealized gain (loss) on derivatives

 

 

(485)

 

(485)

Total unrealized gain (loss)

$

(20,408)

$

6,170

$

(14,238)

    

    

2023

    

(in thousands)

December 31, 2022

Change

December 31, 2023

Unrealized gain (loss) on AFS debt securities

$

(31,979)

$

11,571

$

(20,408)

Unrealized gain (loss) on derivatives

Total unrealized gain (loss)

$

(31,979)

$

11,571

$

(20,408)