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Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2022
AOCI Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The following table sets forth the components in accumulated other comprehensive income for the years ended December 31,:
202220212020
Securities available-for-sale:
Balance, beginning of year$1,664 $9,119 $1,858 
Unrealized (loss) gain(63,302)(9,870)9,766 
Income tax effect15,481 2,415 (2,352)
Net unrealized (loss) gain(47,821)(7,455)7,414 
Reclassifications out of AOCI (1)— — (153)
Other comprehensive (loss) income, net of tax(47,821)(7,455)7,261 
Balance, end of year$(46,157)$1,664 $9,119 
Fair value hedges of securities available-for-sale:
Balance, beginning of year$— $— $— 
Unrealized gain2,879 — — 
Income tax effect(705)— — 
Net unrealized gain2,174 — — 
Balance, end of year$2,174 $— $— 
(1) Reclassifications are reported in noninterest income on the Consolidated Statements of Income and Comprehensive Income