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Basis of Accounting and Consolidation (Tables)
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Accumulated Other Comprehensive loss

The components of accumulated other comprehensive loss included in stockholders’ equity as of March 31, 2025 and December 31, 2024 are as follows (in thousands):

 

 

Unrealized Losses on Securities

 

March 31, 2025

 

 

 

Net unrealized losses on securities available-for-sale

 

$

(185,319

)

Tax benefit

 

 

49,969

 

Balance at March 31, 2025

 

$

(135,350

)

 

 

 

December 31, 2024

 

 

 

Net unrealized losses on securities available-for-sale

 

$

(194,144

)

Tax benefit

 

 

51,761

 

Balance at December 31, 2024

 

$

(142,383

)

 

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

Amounts reclassified from accumulated other comprehensive loss and the affected line items in the statements of income during the three months ended March 31, 2025 and 2024, were as follows (in thousands):

 

 

Amounts Reclassified from
Other Comprehensive Income (Loss)

 

 

 

 

 

Three months ended

 

 

 

 

 

March 31,

 

 

 

 

 

2025

 

 

2024

 

 

Affected Line Item in the Statements of Income

Realized gain (loss) on available-for-sale securities

 

$

(181

)

 

$

 

 

Securities gains (losses), net

Tax effect

 

 

50

 

 

 

 

 

Income taxes

Total reclassifications out of accumulated other comprehensive income (loss)

 

$

(131

)

 

$

 

 

Net reclassified amount