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Basis of Accounting and Consolidation (Tables)
9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024 are as follows (in thousands):

 

 

Unrealized Losses on Securities

 

September 30, 2025

 

 

 

Net unrealized losses on securities available-for-sale

 

$

(150,721

)

Tax benefit

 

 

40,709

 

Balance at September 30, 2025

 

$

(110,012

)

 

 

 

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 nine months ended September 30, 2025 and 2024, were as follows (in thousands):

 

 

Amounts Reclassified from
Other Comprehensive Loss

 

 

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

 

 

September 30,

 

 

September 30,

 

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

Affected Line Item in the Statements of Income

Realized loss on available-for-sale securities, net

 

$

(1,930

)

 

$

(277

)

 

$

(2,111

)

 

$

(433

)

 

Securities losses, net

Tax effect

 

 

527

 

 

 

77

 

 

 

577

 

 

 

119

 

 

Income taxes

Total reclassifications out of accumulated other comprehensive loss

 

$

(1,403

)

 

$

(200

)

 

$

(1,534

)

 

$

(314

)

 

Net reclassified amount