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Basis of Accounting and Consolidation (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024 are as follows (in thousands):

 

 

Unrealized Losses on Securities

 

June 30, 2025

 

 

 

Net unrealized losses on securities available-for-sale

 

$

(178,862

)

Tax benefit

 

 

48,152

 

Balance at June 30, 2025

 

$

(130,710

)

 

 

 

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 and six months ended June 30, 2025 and 2024, were as follows (in thousands):

 

 

Amounts Reclassified from
Other Comprehensive Loss

 

 

 

 

 

Three months ended

 

 

Six months ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

Affected Line Item in the Statements of Income

Realized loss on available-for-sale securities, net

 

$

 

 

$

(156

)

 

$

(181

)

 

$

(156

)

 

Securities losses, net

Tax effect

 

 

 

 

 

43

 

 

 

50

 

 

 

43

 

 

Income taxes

Total reclassifications out of accumulated other comprehensive loss

 

$

 

 

$

(113

)

 

$

(131

)

 

$

(113

)

 

Net reclassified amount